Watch CNBC’s full interview with Microsoft President Brad Smith at the AI Impact Summit in India
Microsoft President Brad Smith told CNBC’s Arjun Kharpal that U.S. tech companies should “worry a little bit” about the subsidies their Chinese competitors receive from their government in the AI race. They were speaking at the sidelines of the AI Impa…
Saudi’s Humain invested $3 billion in xAI’s Series E funding round
The investment made Humain a “significant” minority shareholder, with its xAI holdings converted into SpaceX shares, it said.
CNBC Daily Open: Traders are betting for a rate cut — but a hike could be on the table
Traders think there’s a roughly 50% of the Fed cutting rates in June, according to the CME FedWatch tool. Perhaps they should start considering the possibility of higher interest rates, too.
Dow drops more than 260 points as private credit, Iran worries weigh on markets: Live updates
The three major averages fell on Thursday as investors eyed simmering tensions between the U.S. and Iran.
South Korea’s Kospi jumps to record high as regional rally tracks Wall Street gains
Asia-Pacific markets traded higher on Thursday, with several bourses in the region returning from the Lunar New Year holiday.
Anthropic is clashing with the Pentagon over AI use. Here’s what each side wants
Anthropic landed a $200 million Defense contract last year, as did AI rivals OpenAI, Google and xAI.
Trump Jr. calls banking a ‘Ponzi scheme’ that forced family to create crypto business
Donald Trump Jr. and Eric Trump are hosting the World Liberty Forum at Mar-a-Lago in Palm Beach, Florida, which is owned by their father, President Donald Trump.
Microsoft’s Brad Smith says U.S. tech should ‘worry a little’ about Chinese firms’ government subsidies
The Microsoft president said American firms will have to compete with subsidies provided by Beijing to Chinese companies.
FDA agrees to review Moderna’s mRNA flu vaccine application in a reversal
The FDA is slated to make a decision on the flu shot on Aug. 5, which will allow Moderna to make the vaccine available for the upcoming influenza season.
Palo Alto shares sink 7%, CEO defends cybersecurity’s position as AI hits software stocks
Palo Alto has bet big on AI in recent months and launched an aggressive acquisition spree that included buying CyberArk for $25 billion.
