Photo from Horizon Quantum’s listing ceremony at the Nasdaq MarketSite in New York City on Friday, March 20, 2026. Quantum computing firms are defying turbulent markets to go public this year, as companies seek to raise funds to capitalize on recent scientific breakthroughs and push the experimental technology closer to commercialization. One such firm, Xanadu…
French AI startup Mistral said Monday it has secured $830 million in debt financing to fund a data center powered by thousands of Nvidia chips. Founded in 2023, Mistral is one of the few European startups building foundational AI models, looking to compete with the likes of OpenAI and Anthropic, albeit with a far smaller…
A drone view shows the Eli Lilly logo on the company’s office in San Diego, California, Nov. 21, 2025. Mike Blake | Reuters BEIJING — U.S. pharmaceutical giant Eli Lilly has reached a $2.75 billion deal to bring drugs developed using artificial intelligence by Hong Kong-based Insilico Medicine to the global market. The agreement will give Insilico…
Guvendemir | E+ | Getty Images The Iran war is redefining modern combat for the U.S. and driving demand for lower-cost tech. It’s the exact situation Defense Secretary Pete Hegseth warned against a few months ago. “We cannot afford to shoot down cheap drones with $2 million missiles,” Hegseth said in December. “And we ourselves…
The White House in Washington, DC, US, on Saturday, Jan. 3, 2026. Aaron Schwartz | Bloomberg | Getty Images The White House on Friday launched a smartphone app that touts a selection of President Donald Trump’s second-term accomplishments and curates favorable news articles. It also invites users to report to U.S. Immigration and Customs Enforcement….
CHONGQING, CHINA – JANUARY 07: In this photo illustration, the Manus logo is displayed on a smartphone screen, with the Chinese national flag visible in the background, on January 7, 2026 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Tech circles from Silicon Valley to Shenzhen buzzed when Meta acquired Manus,…
Omar Marques | Lightrocket | Getty Images Cybersecurity stocks slumped on Friday following a report that Anthropic is testing a powerful new artificial intelligence model that is more advanced in cyber capabilities and also presents potential security risks. Fortune first reported the news on Thursday, citing information from a publicly accessible draft blog post. According…
The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Friday said it will raise prices on its range of flagship PlayStation 5 consoles for the second time in less than a year, citing “pressures in the global economic landscape.” In the U.S, the PS5 disc edition will…
Nikolas Kokovlis | Nurphoto | Getty Images Elon Musk’s xAI and its chatbot Grok have been banned from creating non-consensual AI-generated images of adults and children by a Dutch court, adding to growing legal pressure on the company. Amsterdam’s District Court issued a legal order on Thursday prohibiting xAI from generating and distributing sexual imagery…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. If you’re as fascinated by the retail sector as I am, you’ll want to read this exclusive from CNBC’s Melissa Repko. I don’t want to spoil it, so just I’ll say that Target isn’t over its boycott woes. Stock futures…
