The logo of the artificial intelligence company xAI appears on the screen of a smartphone placed on a surface reflecting an abstract blue illustration. Samuel Boivin | Nurphoto | Getty Images Lawsuits against Elon Musk’s xAI are piling up, with Baltimore becoming the first major U.S. city to file a complaint against the company concerning…
Stablecoin issuer Circle is tumbling as the latest version of a bill known as the Clarity Act shows it could limit yield on stablecoin balances. The shares fell 20% on Tuesday, marking the stock’s worst day ever. Previously, its steepest dive was June 27, when it sunk 15.5%. The move also dragged down Coinbase, which…
Fauna CEO Rob Cochran with a Sprout robot. Courtesy: Fauna Robotics Amazon has acquired Fauna Robotics, a startup that builds “approachable” humanoid robots for consumers and businesses, the company confirmed Tuesday. Terms of the deal weren’t disclosed. “We are excited about Fauna’s vision to build capable, safe, and fun robots for everyone,” an Amazon spokesperson told CNBC…
Arm Holdings stock popped 6% in after-hours trading on Tuesday as CEO Rene Haas announced 2031 annual revenue expectations that were more than six times what it was in 2025. Haas unveiled Arm’s first in-house chip on Tuesday at an event in San Francisco, with Meta as the initial customer. CNBC got an exclusive first…
Six months after launching the Sora app and seeing it quickly go viral, OpenAI is shuttering the service, the company said on Tuesday. “We’re saying goodbye to Sora. To everyone who created with Sora, shared it, and built community around it: thank you,” OpenAI wrote in a post on X. “What you made with Sora…
Meta CEO Mark Zuckerberg arrives at Los Angeles Superior Court on Feb. 18, 2026. Jill Connelly | Getty Images A jury has reached a verdict in a major New Mexico trial in which the state’s attorney general alleged that Meta failed to safeguard its family of apps from child predators. The civil trial, in which…
OpenAI CEO Sam Altman attends an event to pitch AI for businesses in Tokyo, Feb. 3, 2025. Kim Kyung-hoon | Reuters OpenAI is rolling out a new shopping experience within ChatGPT to make it easier for users to find and compare products, after its Instant Checkout feature failed to take off. The company said on…
For more than 35 years, Arm Holdings has licensed its instruction sets to the world’s biggest chipmakers and collected royalties on every processor made with its designs. Now the U.K.-based company is making physical silicon of its own for the first time. Arm CEO Rene Haas unveiled his company’s first in-house chip on Tuesday at…
We’re buying 10 shares of CrowdStrike at roughly $395 each. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will own 265 shares of CRWD, increasing its weighting in the portfolio to 2.8% from 2.7%. Enterprise software stocks were back under pressure Tuesday as concerns about AI-driven disruption intensified. When the group trades off, the first place…
Dario Amodei, co-founder and chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images Anthropic heads to San Francisco federal court on Tuesday to ask a judge to temporarily pause the Pentagon’s blacklisting of its Claude artificial intelligence models…