SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California on October 10, 2019. Philip Pacheco | Afp | Getty Images Elon Musk‘s SpaceX is planning to set a fixed price of $135 per share ahead of…
The European Commission on Wednesday proposed a slew of rules intended to bolster homegrown chips, AI and cloud services as the bloc scrambles to develop tech sovereignty amid huge reliance on products and services from the U.S. and China. The proposals, which must be approved by all 27 member states, include new actions to bolster…
Morgan Stanley’s office in Canary Wharf financial district on Jan. 30, 2025 in London, UK. Mike Kemp | In Pictures | Getty Images Morgan Stanley will soon open a key wealth management funnel to artificial intelligence agents from thousands of corporations, CNBC has learned exclusively. It’s one of the earliest instances of a major Wall…
OpenAI chief Sam Altman will be attending the G7 conference in France later this month, CNBC has learned, as President Emmanuel Macron steps up efforts to court tech leaders across the globe in support of the country’s AI ambitions. France is hosting 2026’s G7 conference — an annual meeting of heads of state or government…
Cooling towers at the Dampierre-en-Burly nuclear power plant, operated by Electricite de France SA (EDF), in Dampierre-en-Burly, France, on Tuesday, May 3, 2022. EDF’s falling nuclear production, combined with Russia’s invasion of Ukraine, is exacerbating Europe’s energy crisis as France is traditionally a net exporter of electricity. Bloomberg | Bloomberg | Getty Images SoftBank’s plan…
A fleet of Tesla Cybertrucks sits outside the Starbase Build Site at SpaceX’s South Texas testing facility on Feb. 6, 2026. Reginald Mathalone | Nurphoto | Getty Images SpaceX is expected to start trading on the Nasdaq in just over two weeks, but Morningstar analysts have warned that Elon Musk’s tech behemoth is “significantly overvalued.”…
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024. CostFoto | Nurphoto | Getty Images Sales of Tesla’s China-made electric vehicle rose by nearly 40% in May amid a broader recovery in the country’s EV market. The automaker in May delivered 85,982 new energy vehicle units from its Shanghai Gigafactory —…
A Goldman Sachs logo is displayed on the floor of the New York Stock Exchange in New York City, on Wednesday, August 11, 2010. Ramin Talaie | Corbis Historical | Getty Images Alphabet‘s plan to sell $80 billion in shares to fund its artificial intelligence commitments leaves markets in “unprecedented territory”, co-chief executive officer at…
The companies that can provide the most economic value from the power their AI uses will ultimately command the highest valuations, Perplexity CEO Aravind Srinivas told CNBC on Wednesday. Srinivas said that whichever company can provide the “most taken value per watt per user” will be the winner in the future. “Whoever is able to…
Jensen Huang, chief executive officer of Nvidia Corp., presents the RTX Spark Superchip at the Nvidia GTC conference on the sidelines of Computex 2026 in Taipei, Taiwan, on Monday, June 1, 2026. Lam Yik Fei | Bloomberg | Getty Images As important as Nvidia has become to the tech industry, its entire run-up in recent…