Articles from cnbc.com
24 kept
- Led by Buc-ees, Dolly Parton, America's gas stations go mega-size
Major gas station chains like Buc-ee's are expanding into massive retail destinations, using clean facilities and high-margin food to attract customers, while Dolly Parton enters the trend with her own travel stop.
- OpenAI proposes U.S. government own 5% stake to address political blowback
OpenAI proposed giving the U.S. government a 5% stake worth $42.6 billion to ease political pressure, with Sam Altman arguing it shares AI benefits publicly.
- Palantir's Karp says businesses are 'unhappy' with frontier AI labs
Palantir CEO Alex Karp says enterprise customers are unhappy with frontier AI labs, which he claims prioritize 'tokenmaxxing' over understanding business needs.
- South Korea is obsessing over Nvidia CEO Jensen Huang's visit
South Korean investors track Nvidia CEO Jensen Huang's every move during his celebrity-like visit, hoping for deeper tech supply-chain ties.
- AI: Morgan Stanley to open its wealth management funnel to agents
Morgan Stanley will let external AI agents pull client stock-plan data directly from ShareWorks and Equity Edge, bypassing human interfaces.
- Rally in chip stocks becomes the most hated in history. Here's the data
Traders have piled into put options on the VanEck Semiconductor ETF to record levels, signaling hedging or bearish sentiment amid the stock rally.
- Cheap AI could derail OpenAI and Anthropic's IPOs
The article argues that cheap AI from Chinese labs and Western alternatives is eroding the pricing power and market share underpinning OpenAI and Anthropic's high IPO valuations.
- Berkshire Hathaway portfolio changes: How the new stocks are trading
Berkshire Hathaway disclosed a $2.6 billion Delta Air Lines stake and increased its Alphabet position, with several stocks rising on the news.
- Fitness wearable Whoop to offer on-demand clinician access in U.S.
Whoop will add in-app on-demand doctor consults and AI coaching for U.S. users, with video visits at extra cost, expanding into connected health.
- Paul Tudor Jones says AI bull market has 'another year or two to run'
Paul Tudor Jones predicts AI bull market has one to two years left, likening it to 1980s Microsoft and 1995 internet booms.
- Vibe check from AI industry HumanX: Anthropic is talk of the town
Anthropic's Claude Code is now the dominant focus in AI industry conversations at HumanX, as enterprise adoption positions it ahead of OpenAI and Cursor.
- OpenAI slams Anthropic in memo to shareholders as rival gains momentum
OpenAI told investors that Anthropic operates on a smaller compute curve, claiming it will have 30 GW by 2030 versus Anthropic's 7-8 GW by 2027.
- How China is getting everyone on OpenClaw, from gearheads to grandmas
China's tech giants are hosting public events to drive mass adoption of OpenClaw, the AI agent now used beyond the U.S. and supported by government subsidies.
- Musk unveils joint Tesla-xAI project 'Macrohard'
Musk announced Macrohard, a joint Tesla-xAI project combining Grok LLM with a Tesla AI agent to emulate entire software companies.
- Head of Amazon’s AGI lab is leaving the company
David Luan, head of Amazon's AGI lab, is leaving the company less than two years after joining through the acqui-hire of his startup Adept.
- Anthropic updates Claude Cowork tool for the average office worker
Anthropic releases connectors and plugins for Claude Cowork, making the enterprise AI tool compatible with Google Drive, Gmail, DocuSign, and FactSet.
- Pinterest laying off 15% of workforce as part of AI push; stock falls
Pinterest will lay off less than 15% of its workforce and cut office space to reallocate resources toward AI-powered products and capabilities.
- OpenAI launches ChatGPT Health to connect user medical records
OpenAI launched ChatGPT Health, a dedicated space for users to connect medical records and wellness apps for health queries without diagnosis.
- Anthropic's Daniela Amodei on the company's 'do more with less' bet
Anthropic bets on efficiency and disciplined spending to compete with rivals' massive scale, challenging the dominant AI scaling paradigm.
- Amazon faces a dilemma — fight AI shopping agents, or join them
Amazon faces a dilemma between blocking external AI shopping agents like OpenAI's Instant Checkout and partnering with them, as the company risks losing control over e-commerce transactions to these agents.
- MIT study finds AI can already replace 11.7% of U.S. workforce
MIT研究用Iceberg Index模拟发现AI已可替代美国11.7%的劳动力,涉及1.2万亿美元工资。
- Amazon cut thousands of engineers in its record layoffs, filings show
Nearly 40% of Amazon's 4,700 layoffs in four states were engineering roles, as the company cuts bureaucracy to invest in AI.
- OpenAI's dominance is unlike anything Silicon Valley has ever seen
OpenAI's unique private status, massive spending, and vertical expansion up and down the stack create unprecedented dominance and uncertainty for AI startups.
- CNBC's The China Connection newsletter: China's video game soft power
Chinese video games like NetEase's "Where Winds Meet" and Tencent's "Honor of Kings" are winning global audiences, boosting China's cultural soft power and attracting investment from Saudi Arabia's Savvy Games.