Palo Alto Networks CEO Nikesh Arora warned that token costs need to drop as much as 90% to promote large-scale artificial intelligence adoption. “I think 54% is a good start,” Arora told CNBC’s Seema Mody on “Squawk on the Street” Thursday, after OpenAI CEO Sam Altman told CNBC that the frontier lab’s latest model is…
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 Thursday’s key moments. 1. Stocks rose Thursday as Wall Street tried to rebound despite renewed U.S.-Iran tensions and higher oil prices. The market showed a sharp divide within the technology sector: hardware and…
OpenAI CEO Sam Altman told CNBC on Thursday that GPT-5.6 Sol, the company’s latest artificial intelligence model, is 54% more token efficient on agentic coding tasks, and that it’s “as good or better” than competing models on the market. “Every enterprise now is thinking about spend and the value they’re getting in exchange for AI,…
Alexandr Wang, chief AI officer of Meta, during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 4, 2026. David Paul Morris | Bloomberg | Getty Images Three months after unveiling its first artificial intelligence model under the leadership of AI chief Alexandr Wang, Meta is rolling out a major update as…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. We’re releasing our exclusive America’s Top States for Business study this morning. Fun fact: It’s the 20th year of the study. S&P 500 futures are higher this morning after another losing day for the index. Here are five key things…
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty Images U.S. investors are getting a new way to buy into the memory boom. SK Hynix, the second most valuable company in South Korea, behind…
AI executives and companies are betting that spending millions in the 2026 midterm elections will allow them to influence AI bills being developed in Congress. As of the end of June, the two biggest artificial intelligence political action committees have dropped at least $44 million into 40 House and Senate candidates, per a CNBC analysis…
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People visit the booth of Luxshare Precision Industry Co., Ltd during Electronica China 2021 at Shanghai New International Expo Centre on April 14, 2021 in Shanghai, China. Visual China Group | Getty Images Shares of Luxshare Precision Industry fell more than 5% in their Hong Kong trading debut Thursday, as investors cheered the market entry…
Argentina’s forward #10 Lionel Messi kicks the ball during the Qatar 2022 World Cup final football match between Argentina and France at Lusail Stadium in Lusail, north of Doha on December 18, 2022. Kirill Kudryavtsev | Afp | Getty Images Alphabet-owned Google broke a search record thanks to the World Cup international soccer tournament. During…