Nearly a year ago, DeepSeek shook the AI world. Stocks of some of the leading Western tech companies plunged as the markets hit panic mode at the prospect of a new model from a relatively unheard of Chinese AI lab that challenged the premise of U.S. dominance in the space. Nvidia plummeted 17%, losing close…
Nvidia is building out an automotive tech business. Pictured here are its autonomous vehicle test cars at the company’s auto garage in Santa Clara, California, June 5, 2023. Bloomberg | Bloomberg | Getty Images Nvidia on Monday unveiled plans to test a robotaxi service with a partner as soon as 2027, highlighting the chipmaker’s ambition…
Mayor of San Jose, Matt Mahan, speaks during the NWSL Championship Welcome Reception at Rotunda at San Jose City Hall in San Jose, California, on Nov. 20, 2025. Eakin Howard | Nwsl | Getty Images The Democratic mayor of San Jose, California, has come out against a proposed statewide ballot measure that would ask voters…
Yuichiro Chino | Moment | Getty Images E-commerce logistics startup Stord has bought CEVA Logistics subsidiary Shipwire, the company said Monday. The deal, which closed Jan. 1 for a undisclosed amount, adds 12 new locations to Stord’s growing logistics network and about 60 new employees. Shipwire is an AI fulfillment platform used by e-commerce firms….
Yann LeCun, chief AI scientist at Meta Platforms Inc., at the VivaTech conference in Paris, France, on Wednesday, May 22, 2024. Bloomberg | Bloomberg | Getty Images Meta’s former chief AI scientist, Yann Lecun, has called its 29-year-old AI boss “inexperienced,” and warned of a staff exodus from the company. Alexander Wang, the billionaire co-founder…
Alexa+ signage during an unveiling event in New York, US, on Wednesday, Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon on Monday launched an Alexa+ website that lets some users chat with its assistant via their browser, putting it in more direct competition with OpenAI’s ChatGPT. The Alexa.com website is only available…
Foxconn, a major partner for Nvidia, has reported a 22% surge in revenues in the final quarter of 2025, as tech firms continue to ramp up spending on AI infrastructure. Also known as Hon Hai, Foxconn reported revenues of 2.6 trillion Taiwan dollars ($83 billion) in the quarter up to December, as its components and…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. It was anything but a quiet weekend for news, so I’ll cut to the chase. S&P 500 futures are up slightly this morning. The market is coming off a losing week. Here are five key things investors need to know…
A trader wears “2026” glasses on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images May this year prove as lucrative as 2025, when the S&P 500 rallied 16.39% mostly on the back of enthusiasm over artificial intelligence. Other…
A trader wears “2026” glasses on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images May this year prove as lucrative as 2025, when the S&P 500 rallied 16.39% mostly on the back of enthusiasm over artificial intelligence, though…
