Take-Two Interactive CEO Strauss Zelnick believes AI cannot compete with Rockstar’s Grand Theft Auto series, calling the technology “backward-looking” and derivative. His stance contrasts sharply with competitors embracing AI as essential to game development. This reveals a fundamental industry divi
Character.ai’s decision to ban users under 18 comes as the company faces multiple wrongful death lawsuits and regulatory pressure. The move signals a broader reckoning for AI companies about youth safety and content moderation.
The $4 trillion market cap club gains two new members as Apple and Microsoft cross the historic threshold. Meanwhile, critical Fed decisions and major earnings reports set the stage for market volatility ahead.
A $6 billion bitcoin miner just beat Microsoft for a major AI data center contract. The secret weapon wasn’t funding or technology – it was speed. Here’s what this means for the future of crypto mining and AI infrastructure.
Swiss pharmaceutical giant Novartis is reportedly in advanced discussions to acquire Avidity Biosciences in a deal that could value the RNA therapeutics company at over $7 billion. The potential acquisition represents Novartis’s latest strategic move to strengthen its position in next-generation gen
Supply constraints across multiple industries are creating unprecedented pricing power for companies, according to market analysis. The semiconductor sector appears particularly affected, with AI-driven demand overwhelming available capacity and boosting earnings performance for major chipmakers.
In a surprising twist for market watchers, being unable to meet customer demand has become a significant advantage for companies across multiple sectors. According to analysis from CNBC’s Jim Cramer, supply constraints are emerging as the dominant theme of this earnings season, creating what he describes as “the holy grail” for businesses: the ability to raise prices without losing customers.
The Securities and Exchange Commission continues monitoring markets for manipulative activity despite the government shutdown, according to Chair Paul Atkins. Eight foreign companies have been halted from Nasdaq trading due to suspicious behavior patterns. However, IPO reviews and cryptocurrency legislation work remain stalled due to staff furloughs.
The U.S. Securities and Exchange Commission is maintaining its market surveillance operations despite the ongoing government shutdown, according to reports. SEC Chair Paul Atkins confirmed in a Wednesday CNBC interview that the regulator continues monitoring for manipulative behavior and has taken action against several companies showing suspicious trading patterns.
Country music legend Martina McBride has joined industry leaders in warning about the dangerous rise of AI deepfake scams. At recent congressional and industry events, she described how fake versions of artists are being used to defraud fans and damage careers. The music industry is pushing for protective legislation amid growing concerns about voice and likeness manipulation.
Country music star Martina McBride has become a leading voice in the growing movement to regulate artificial intelligence deepfakes, warning that the technology poses serious dangers to both artists and their fans, according to her recent testimony at the CNBC AI Summit in Nashville.
Major Workforce Reduction in Meta’s AI Division Meta Platforms has confirmed the elimination of approximately 600 positions within its artificial…
A coalition including the American Federation of Teachers and Public Citizen has launched the “Take Back Tesla” campaign. The initiative urges shareholders to vote against a compensation package that would grant CEO Elon Musk nearly $1 trillion in stock. The campaign argues the package is excessive and doesn’t address concerns about Musk’s divided attention.
A coalition of labor unions and corporate watchdog groups has launched the “Take Back Tesla” campaign, urging shareholders to reject what they describe as an “outrageous” compensation package for CEO Elon Musk that could be worth nearly $1 trillion, according to reports. The campaign comes just ahead of Tesla’s quarterly earnings report and ahead of next month’s annual shareholder meeting where the proposal will be voted on.
