Elon Musk’s xAI loses co-founder Tony Wu in latest senior departure

Elon Musk’s xAI loses co-founder Tony Wu in latest senior departure

Jaap Arriens | Nurphoto | Getty Images Elon Musk’s xAI has lost another founding member. Tony Wu announced late on Monday that he resigned from the artificial intelligence startup, becoming the latest co-founder to leave the company. Others, including Igor Babuschkin, Kyle Kosic and Christian Szegedy, have also departed, and Greg Yang announced last month…

Read More
Saint-Gobain wants to solve the U.S. housing dilemma

Saint-Gobain wants to solve the U.S. housing dilemma

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. French…

Read More
Michael Saylor downplays Strategy credit risk as bitcoin tumbles: ‘We’ll refinance the debt’

Michael Saylor downplays Strategy credit risk as bitcoin tumbles: ‘We’ll refinance the debt’

Strategy CEO Michael Saylor brushed off concerns about the company’s credit risk if bitcoin continues to tumble. In fact, Saylor said he plans to keep accumulating the cryptocurrency for the company every quarter. “If bitcoin falls 90% for the next four years, we’ll refinance the debt,” the executive said Tuesday on CNBC’s “Squawk Box.” “We’ll…

Read More
UBS downgrades U.S. tech sector despite a recovery

UBS downgrades U.S. tech sector despite a recovery

Key Points UBS downgraded its outlook on U.S. IT stocks on Tuesday, citing lingering “software uncertainty” and increased capital expenditure. The Swiss investment bank’s move comes after a sell-off in software stocks over the past week as investors turn cautious towards the sector. UBS recommended investors diversify exposure to other sectors, including healthcare and utilities….

Read More
Sen. Johnson hardens opposition to Dem DHS demands as shutdown looms

Sen. Johnson hardens opposition to Dem DHS demands as shutdown looms

U.S. Senator Ron Johnson (R-Wisc.) speaks with reporters after a vote in the U.S. Capitol June 3, 2025. Annabelle Gordon | Reuters Sen. Ron Johnson, R-Wis., on Tuesday slammed Democrats for conditioning Homeland Security Department funding on a requirement that federal immigration agents must obtain judicial warrants to carry out key enforcement activities. Johnson, in…

Read More