Ubisoft shares plunged 33% on Thursday morning after the maker of the “Assassin’s Creed” games announced a major organisational shakeup, alongside plans to shut studios and axe six games. The changes come following years of stock price decline, following the Covid-19 pandemic, after delays to major releases and financial struggles. The company said it expected…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Or maybe not, if you held U.S. assets amid yesterday’s sell-off. S&P 500 futures are little changed this morning. The three major indexes are coming off their worst day in months. Here are five key things investors need to know…
Nvidia chief Jensen Huang said that AI robotics is a “once-in-a-generation” opportunity for Europe as the region boasts an industrial manufacturing base that is “incredibly strong.” “You can now fuse your industrial capability, your manufacturing capability, with artificial intelligence, and that brings you into the world of physical AI, or robotics,” he said in an…
Neal Mohan, the CEO of YouTube speaks during a panel for the Summit for Democracy on March 30, 2023 in Washington, DC. Anna Moneymaker | Getty Images YouTube CEO Neal Mohan said reducing “AI slop” and detecting deepfakes are priorities for the Google-owned video site in 2026. “It’s becoming harder to detect what’s real and…
Nurphoto | Nurphoto | Getty Images Facebook and Instagram parent company Meta on Wednesday said it will begin to show advertising on its Threads micro-blogging service to all users globally starting next week. “With ads on Threads, businesses can authentically join this conversation while finding new ways to connect with the people most interested in…
Nvidia CEO Jensen Huang said Wednesday that artificial intelligence will lead to more jobs, not fewer. In an interview with BlackRock CEO Larry Fink at the World Economic Forum in Davos, Switzerland, Jensen methodically explained how AI differs from other technological innovations of the past and how it can be an incredible engine for economic…
Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona. Panther Lake is the first client system-on-chips (SoCs) built on the Intel 18A process node. Courtesy: Intel Wall Street is piling into Intel ahead of the chipmaker’s…
Artificial intelligence startups OpenAI and Anthropic have their sights set on enterprise customers this year as they race to win more revenue, users and market share. In separate interviews with CNBC at the World Economic Forum in Davos, Switzerland on Wednesday, Anthropic CEO Dario Amodei and OpenAI CFO Sarah Friar highlighted enterprise as a key…
President Donald Trump’s artificial intelligence and crypto czar David Sacks on Wednesday criticized California’s proposed wealth tax on billionaires, calling it a “scary direction” for the U.S. “This is this is not a tax, this is an asset seizure,” the venture capitalist told CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland. “Never…
Traders work on the floor of the New York Stock Exchange during morning trading on January 21, 2026 in New York City. Michael M. Santiago | Getty Images News | Getty Images Technology stocks bounced on Wednesday as President Donald Trump ruled out military force in Greenland, easing geopolitical fears that sparked a global sell…
