Google rolls out its most powerful AI models as competition from OpenAI heats up
Google on Tuesday announced new additions to its AI model following a flashy rollout a day earlier from OpenAI.
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Speaking to the Foreign Bankers’ Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.
China is engaged in ‘deliberate’ efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
U.S. Ambassador to the EU Mark Gitenstein said China is “engaged in a deliberate effort to undermine economic sectors in both Europe and the United States.”
AMC completes $250 million stock sale during meme rally, shares jump 30%
AMC shares soared following news of the sale and was paused for volatility at one point.
European stocks close slightly higher as investors digest U.S. inflation data; Delivery Hero up 26%
European stocks closed slightly higher on Tuesday as global investors reacted to the latest U.S. inflation data.
Alibaba shares fall 6% after the Chinese tech giant posts 86% drop in profit
Alibaba posted a beat on revenue in its fiscal fourth quarter ended in March, but the Chinese e-commerce giant’s net profit plunged.
These are the 2024 CNBC Disruptor 50 companies: See the full list of startups riding the AI wave
CNBC reveals the 2024 Disruptor 50 list, AI-driven startups moving beyond the ‘better, faster, cheaper’ mantra that defined Silicon Valley’s past.
‘Frankly stupid’: Fund manager weighs in on reignited meme stock frenzy as GameStop soars
Cole Smead, CEO of Smead Capital Management, told CNBC that it was “frankly stupid” that day traders were piling once again into GameStop and other meme stocks.
Fintech firm Klarna says 90% of its employees are using generative AI daily
“Buy now, pay later” firm Klarna says generative AI has seen substantially high adoption among its 5,000-strong workforce.
Diamond giant De Beers faces spin-off amid wider restructuring as Anglo American takeover pressure mounts
Anglo American shares fell over 3% early Tuesday after it announced plans to spin off its highly prized De Beers diamond business.
