Semiconductor stocks have been getting crushed in recent days, but CNBC’s Jim Cramer said Tuesday there’s a compelling reason not to give up on the group. The VanEck Semiconductor ETF has fallen 7.2% over six consecutive sessions, and Cramer warned that rising oil prices and interest rates could prolong the sell off. However, he argued…
An OpenAI employee was arrested after a “sophisticated recording device” was discovered inside its executive conference room, according to the Department of Justice and a post by the company. Abdulrahman Alfozan, 35, who is a national of the Kingdom of Saudi Arabia, was arrested on Oct. 9 in connection with the matter, the DOJ said…
A federal magistrate judge in Virginia ruled that Elon Musk engaged in “state sanctioned intimidation” of ex-FEMA CFO Mary Comans when he posted falsehoods on X last year accusing her of “criminal action” and of “funneling $58 million to illegal migrant hotels in Manhattan.” Musk, the world’s richest person, was working for the Trump administration…
Chip stocks sank on Tuesday after a Chinese memory chipmaker said it had made significant progress in developing new and more efficient designs. ChangXin Memory Technologies, or CXMT, announced over the weekend that it had made headway on new architecture that will increase memory density by packing more data into a smaller space. CXMT is…
Anthropic plans to disclose its third-quarter financials for the first time at a meeting with potential investors on Wednesday as the artificial intelligence giant prepares for what could be the largest initial public offering in history. San Francisco-based Anthropic will release the numbers to a group of institutional investors, according to two people familiar with…
Character.ai, the startup behind one of the largest artificial intelligence companion apps, filed for Chapter 11 bankruptcy Monday, according to a company release and court filings. The company said the platform, where users can have one-on-one conversations and roleplay with AI characters, became “costly to develop and grow,” in filings to the Delaware District bankruptcy…
John Ternus, chief executive officer of Apple Inc., during a product unveiling event at Apple Park in Cupertino, California, US, on Wednesday, Sept. 9, 2026. David Paul Morris | Bloomberg | Getty Images Apple on Tuesday announced a new home hub called HomeView. Apple said the device with a 7-inch screen was designed to be…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday, and happy belated birthday to the bull market, which officially turned four yesterday. As CNBC’s Sarah Min writes, it might have a harder time making it to its next birthday. Stock futures are mixed this morning after the S&P 500…
An Anthropic logo is displayed at Moscone Center during the Dreamforce 2026 technology summit in San Francisco, California, US, September 17, 2026. Carlos Barria | Reuters Anthropic said Monday that small AI models are “months away” from developing the capabilities needed to replicate themselves across internet-connected devices in the home, marking the latest warning from…
SpaceX has agreed to testify before the New York City Council this week as part of a legislative investigation concerning artificial intelligence safety risks, the council announced on Tuesday. The council said in a press release that the hearing will take place on Friday at 10 a.m. ET in front of its tech committee. Julie…