Business

Advanced Micro Devices to Buy Startup Taalas for New AI Chips

Advanced Micro Devices Inc. is buying Canadian startup Taalas, a move that will let it offer another type of artificial intelligence chip to the burgeoning data center industry.

Grindr's AI spend is paying off and its pricey new tier has had some surprises, CEO says

Grindr's AI spend is paying off and its pricey new tier has had some surprises, CEO says

Grindr says AI is boosting engineering productivity, supporting a new $350/month premium tier and driving stronger subscriber growth and retention.

Savers Value Village thrift store launches new AI tool to price items

Savers Value Village thrift store launches new AI tool to price items

Savers Value Village is launching a new AI pricing tool to keep product prices consistent and low, the company told CNBC exclusively.

AMD buys chip startup that hardwires AI models into its silicon

AMD buys chip startup that hardwires AI models into its silicon

Taalas' current chip runs a small version of Meta's Llama 3.1, though the company is working on chips for bigger and more advanced models.

Hackers Target Wall Street in New Set of Attacks

Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, according to people familiar. Hedge funds have been the main target. Mandeep Singh of Bloomberg Intelligence takes a closer look at what companies are…

Airbnb Lifts 2026 Outlook Again on US, European Demand

Airbnb Inc. boosted its annual revenue forecast for a second time this year after it saw robust global travel demand, particularly in the US and Europe.

IMF's Katz Says Japan Has Scope to Normalize Policy

Dan Katz, first deputy managing director at the International Monetary Fund, discusses what steps the Bank of Japan should take to aid the country's currency and assesses the nation's path forward for monetary policy. He speaks with…

What Is OpenAI’s Device? A Doughnut-Shaped Speaker That Costs Over $300

A highly anticipated new device from OpenAI will have a unique look, complete with moving parts that help give it personality, and likely cost more than $300, according to people familiar with the matter.

The last time value stocks beat growth by this much was 2022 — the year of the last major bear market

MarketWatch

The last time value stocks beat growth by this much was 2022 — the year of the last major bear market

Value is leaving growth behind at a pace rarely seen outside major market downturns. The twist: This is a bull market.

MarketWatch

Google Grapples With Exit of AI Pioneer and ‘Most Google Person’

Days after Google unveiled its first Gemini chatbot in 2023 to compete with ChatGPT, Jeff Dean went to an AI conference where he was promptly swarmed by attendees. Suddenly, the Google executive looked at his watch and realized he was due…

Copper jumps to its highest level ever. What the metal is telling us

Copper jumps to its highest level ever. What the metal is telling us

Once a reliable gauge if economic health, "Dr. Copper" may be giving complicated signals this year.

Sen. Mitch McConnell says he's left rehab, will work from home

Sen. Mitch McConnell says he's left rehab, will work from home

"On the advice of my doctors, I'll maintain an intensive regimen of physical therapy from home during the state work period," the 84-year-old McConnell said.