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China's racing to build its AI ecosystem as U.S. tech curbs bite. Here's how its supply chain stacks up
CNBC· 2025-06-12 11:55
In this articleNVDA"Compared to Nvidia's export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation," said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis. Sinology | Moment | Getty ImagesWith the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing is placing hopes on domestic alternatives such as Huawei. The task has been made more challenging by the fact that U.S. curbs not only inhibit Chin ...
Chime prices IPO at $27 per share, valuing fintech company at $11.6 billion ahead of Nasdaq debut
CNBC· 2025-06-12 06:58
Chime IPO定价及融资情况 - 公司IPO定价为每股27美元 高于预期区间 估值达到116亿美元 [1] - 通过IPO融资约7亿美元 现有投资者额外出售价值1.65亿美元股票 [1] - 股票将于周四开始交易 交易代码为CHYM [1] 金融科技IPO市场动态 - 此次IPO打破多年冻结状态 此前因利率上升和估值重置导致晚期公司推迟上市 [2] - 市场开始回暖 上个月交易平台eToro纳斯达克首日上涨29% [2] - 加密公司Circle上周上市后股价同样出现上涨 [2] - 在线贷款机构Klarna推迟IPO计划 上月公布巨额季度亏损 [2]
Oracle shares climb 8% as earnings, revenue top estimates
CNBC· 2025-06-12 04:30
财务表现 - 公司第四季度收入同比增长11%至159亿美元,超出预期的1559亿美元 [2][6] - 净利润从去年同期的314亿美元增长至343亿美元,每股收益从111美元增至119美元 [2] - 调整后每股收益170美元,高于预期的164美元 [6] - 云服务和许可支持收入达117亿美元,超过分析师预期的1159亿美元 [3] - 云和本地许可收入201亿美元,高于预期的182亿美元 [3] 云业务增长 - 云基础设施收入预计2026财年增长超70%,本季度增长率为52% [2] - 公司宣布与IBM达成云和咨询合作承诺 [4] - 与Cleveland Clinic及阿联酋AI控股公司G42合作开发医疗AI交付平台 [4] 市场反应与战略动态 - 盘后交易中股价上涨8%,年内累计涨幅达6%,跑赢标普500指数2%的涨幅 [1][4] - 软银将以65亿美元收购公司支持的芯片设计初创企业Ampere [4] - 公司参与OpenAI联合Nvidia、软银等发布的Stargate UAE项目 [6] 管理层沟通 - 高管将在美东时间下午5点的电话会议中提供业绩指引并讨论财报 [5]
Small retailers on 'vacation from hell' as they seek clarity on Trump's China tariffs
CNBC· 2025-06-12 04:11
In this articleAMZNA UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesWhen Matt Kubancik, a small business owner in Louisville, Kentucky, cast his ballot for Donald Trump in November, he was hoping that the Republican nominee's return to the White House would provide a spark to the economy and lead to reduced prices for gas and groceries.Instead, the first half-year of Trump's second term in the White House has been more like a "vac ...
Google adds Chief AI Architect to accelerate development of AI products
CNBC· 2025-06-12 03:27
Google on Wednesday added a Chief AI Architect to its leadership ranks as the company continues to prioritize artificial intelligence and add the technology to more of its products.The company tapped Koray Kavukcuoglu, Google DeepMind's chief technology officer, for the new senior vice president position, the company confirmed Wednesday. Kavukcuoglu will report directly to Google CEO Sundar Pichai. Semafor first reported the executive change.Kavukcuoglu will help with product strategy and "accelerate how we ...
Howard Schultz says he 'did a cartwheel' when Starbucks CEO Niccol coined 'back to Starbucks' strategy
CNBC· 2025-06-12 02:09
Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company's compliance with labor law on Capitol Hill in Washington., U.S., March 29, 2023.LAS VEGAS, NEV. — Former Starbucks CEO Howard Schultz said Wednesday that he "did a cartwheel" in his living room when current chief executive Brian Niccol first coined his "back to Starbucks" strategy.The enthusiasm from the 71-year-old S ...
Healthy Returns: Ozempic, Wegovy linked to rare cases of serious eye condition
CNBC· 2025-06-12 02:00
Weight loss syringes of the brands "Wegovy", "Ozempic" are sold at In der Achat Apotheke in Mitte, Germany.A version of this article first appeared in CNBC's Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.Novo Nordisk's blockbuster weight loss and diabetes drugs Wegovy and Ozempic are once again being linked to unintended side effects. The weekly injections may, in very rare cases, cause a serious eye condition that can ...
State AGs led by NY's Letitia James pressure Meta to clean up investment scams on Facebook
CNBC· 2025-06-12 00:00
New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City.A group of 42 state attorneys general are calling on Meta to curb the rise of investment scams on Facebook that fraudulently use the images of Warren Buffett and other famous figures, New York Attorney General Letitia James said Wednesday. James said in a news release criminals are consistently evading Meta's automated and human review systems to post fake ads that ...
Tesla gains for a fourth day as Musk sets robotaxi date, Trump tensions cool
CNBC· 2025-06-11 22:33
Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025.Tesla rallied for a fourth straight session as the spat between CEO Elon Musk and President Donald Trump showed further signs of a cooldown.Shares rose about 2% Wednesday and were up more than 12% this week.Tesla investors also caught a spark of hope for the company's robotaxi strategy ...
Meta launches AI 'world model' to advance robotics, self-driving cars
CNBC· 2025-06-11 22:17
Mark Zuckerberg, CEO of Meta Platforms. Artificial intelligence has been an integral focus for the tech giant's leader amid competition from players like OpenAI, Microsoft and Google.Meta on Wednesday announced it's rolling out a new AI "world model" that can better understand the 3D environment and movements of physical objects.The tech giant, which owns popular social media apps Facebook and Instagram, said its new open-source AI model V-JEPA 2 can understand, predict and plan in the physical world. Known ...