Brian Chesky, chief executive officer of Airbnb Inc., during the Airbnb annual product event in San Francisco, US, on Wednesday, May 20, 2026. David Paul Morris | Bloomberg | Getty Images Airbnb CEO Brian Chesky said the rental platform could become an Amazon for travel as the company adds hotels and new services in its…
Ultrabillionaire Jeff Bezos on Wednesday hyped artificial intelligence, blamed government meddling for economic woes and broadly defended himself and his mega-rich peers in an exclusive interview with CNBC. But the Amazon and Blue Origin founder, in a wide-ranging interview with Andrew Ross Sorkin, initially struck a populist tone, at times sounding more like some progressive…
This earnings season, the cost of AI started showing up in the numbers. Meta, Shopify, Spotify, and Pinterest all flagged rising AI and inference costs as a drag on margins. Shopify said economies of scale were “partially offset by increased LLM costs.” This is the bill coming due for the pricing model that underpins OpenAI’s…
Uncertainty swirls around chip sales to China, despite Huang’s Beijing trip Nvidia founder and CEO Jensen Huang waves after a welcome ceremony for US President Donald Trump at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images One big area of uncertainty is China, specifically…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks are sharply higher, looking to snap a three-day losing streak. A decline in soaring bond yields and elevated oil prices were helping. Investors on Wednesday rotated back into…
Amazon founder Jeff Bezos said bringing data centers into space is a “very realistic” outcome, but could take longer than expected to pan out as enthusiasm for the sector builds ahead of SpaceX’s upcoming IPO. “Some of the timelines we hear are very short,” he told CNBC’s Andrew Ross Sorkin on Wednesday. “People would talk…
Amazon founder Jeff Bezos shrugged off concerns of a looming artificial intelligence bubble on Wednesday, telling CNBC that the massive investments will ultimately help push the technology forward in the long run. “Even if it does turn out to be a bubble, you shouldn’t worry about it because the bubble is driving investment and a…
Female apprentice engineer working with CNC machine in factory Witthaya Prasongsin | Moment | Getty Images The days of going to college to secure a lucrative career are over, as skilled trade workers have seen a 30% wage bump in the past few years, the CEO of the world’s largest recruitment firm told CNBC. Sander…
AI adoption is on the rise in Singapore, with 52% of workers in the country using the technology in their jobs, according to Slack’s new Workforce Index. Primeimages | E+ | Getty Images Singapore has inked separate agreements with Google and OpenAI to strengthen its position as a global artificial intelligence hub and accelerate AI…
Samuel Boivin | Nurphoto | Getty Images Global artificial-intelligence chip leader Nvidia will launch a new research center in Singapore, one of a slew of new AI-related measures announced by the city-state on Wednesday. Nvidia’s new lab represents its first Singapore research hub, and its second such presence in the Asia Pacific. The company has increasingly…