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Search resuls for: "Kate Rooney"


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FTC deepens Amazon antitrust probe
  + stars: | 2024-04-26 | by ( Kate Rooney | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTC deepens Amazon antitrust probeCNBC’s Kate Rooney joins 'Power Lunch' to discuss the FTC further investigating Amazon in antitrust discovery.
Persons: Kate Rooney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStripe Co-Founder John Collison on AI enthusiasm in a new interest rate environmentStripe President and Co-Founder John Collison joins CNBC's Kate Rooney at Stripe Sessions 2024 to talk how higher interest rates impact Silicon Valley, and where Stripe stands as the IPO market regains momentum.
Persons: John Collison, CNBC's Kate Rooney
Rising interest rates crushed technology valuations and had a chilling effect on Silicon Valley. Stripe had to take a major haircut along with the rest of the industry as soaring inflation and rising interest rates, starting in 2022, pushed investors out of the riskiest assets, lifted borrowing costs and and forced startups to tighten their belts. "Valuations are a product of interest rates," Collison said. While many tech companies took a hit in 2022 and 2023, Collison said the rising interest rate environment succeeded in flushing out the "wackiest" startup ideas, leaving the best ones to get funded. He pointed to an "overfunding" of marginally good ideas, and "zombie companies" taking too long to go bust.
Persons: John Collison, Collison, Patrick, Elon, We're, Jerome Powell Organizations: CNBC, SpaceX, Wall Street Journal, Federal Locations: Silicon Valley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnthropic Co-Founder Daniela Amodei on AI adoption, Claude 3 and impact on paymentsAnthropic Co-Founder Daniela Amodei joins CNBC's Kate Rooney at Stripe Sessions 2024 to discuss partnerships and competition, Claude 3 rollout, and AI adoption in the banking and payments spaces.
Persons: Daniela Amodei, Claude, Kate Rooney Organizations: Anthropic
Tech companies are using stack ranking to decide job layoffs
  + stars: | 2024-04-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech companies are using stack ranking to decide job layoffsCNBC's Kate Rooney joins 'Power Lunch' to report on stack ranking in tech jobs for deciding which employees to lay off.
Persons: Kate Rooney Organizations: Email Tech
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed remains in focus for venture capital investors after strong CPI reportCNBC's Kate Rooney reports on news how rates will impact Silicon Valley investor's privately held portfolios.
Persons: Kate Rooney
Amazon's Jassy on AI strategy: 'Co-opetition' with rivals
  + stars: | 2024-04-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon's Jassy on AI strategy: 'Co-opetition' with rivalsCNBC's Kate Rooney reports on the latest news from Amazon.
Persons: CNBC's Kate Rooney Organizations: Amazon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon walks a tightrope as investments in AI rise, but cost discipline remains a priorityCNBC's Kate Rooney reports on the state of Amazon.
Persons: Kate Rooney Locations: Amazon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDestiny Tech100 fund launches to expand investments in buzzy startupsCNBC's Kate Rooney reports on a new fund helping retail investors get access to the hottest tech startups.
Persons: Kate Rooney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobotics race ramps up among tech giants such as Apple, Google, Amazon and TeslaCNBC's Kate Rooney reports on Apple's reported move into home robotics, ditching its plans to create an electric vehicle, and what the shift means for the tech industry.
Persons: Tesla, Kate Rooney Organizations: Apple, Google
He outlined three recent events that give him cause for concern: Cohere valuation The first is that generative AI company Cohere is reportedly on track to raise funds at a $5 billion valuation. "Another red flag was Microsoft's ability to hire the CEO and 70 staff from the AI start-up Inflection AI," he said. Amazon investment Emphasizing the "FOMO effect" around AI, Windsor noted that even tech giant Amazon isn't immune. Amazon's largest-ever investment will see it continue to pump money into the generative AI start-up, which has a chatbot Claude that competes with OpenAI 's ChatGPT. He added that he already owns chip stock Qualcomm , which is in a "very good position to benefit as generative AI starts to be implemented at the edge."
Persons: Richard Windsor, Cohere, Windsor, Martin Kon, Claude, OpenAI, Stocks, , Kate Rooney Organizations: Radio Free Mobile, Mar, CNBC, Nvidia, Google, Windsor, Nomura Securities, Microsoft, Qualcomm Locations: Amazon's
The companies announced an initial $1.25 billion investment in September, and said at the time that Amazon would invest up to $4 billion. The deal was struck at the AI startup's last valuation, which was $18.4 billion, according to a source. Over the past year, Anthropic closed five different funding deals worth about $7.3 billion — and with the new Amazon investment, the total exceeds $10 billion. News of the Amazon investment comes weeks after Anthropic debuted Claude 3, its newest suite of AI models that it says are its fastest and most powerful yet. But multimodality, and increasingly complex AI models, also lead to more potential risks.
Persons: Claude, Anthropic, OpenAI's, what's, Swami Sivasubramanian, OpenAI's ChatGPT, OpenAI, Microsoft's OpenAI, Anthropic's Claude, Daniela Amodei, We've, Tesla, Brendan Burke, Bill Gurley, Gurley, Microsoft's, Lina Khan Organizations: Amazon, Google, CNBC, Fortune, Nvidia, Microsoft, Apple, U.S . Federal Trade Commission Locations: San Francisco, Anthropic, OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon's social commerce strategy: How the company could benefit from a TikTok banAmazon has been beefing up its social media shopping strategy, and some say could benefit from a potential TikTok ban. CNBC's Kate Rooney joins 'Squawk on the Street' with the details.
Persons: CNBC's Kate Rooney Organizations: Amazon
Bitcoin hits record high above $72k
  + stars: | 2024-03-11 | by ( Kate Rooney | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin hits record high above $72kCNBC's Kate Rooney joins 'Power Lunch' to discuss Bitcoin crossing $72,000 as the UK opens the doors to cryptocurrency exchange.
Persons: Kate Rooney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVenture capitalist Mark Farrell stakes his claim in the San Francisco mayor's raceVenture capitalist and former San Francisco mayor Mark Farrell talks with CNBC's Kate Rooney on his campaign to fix the city's issues and image, and how business and tech leaders are getting more involved in local politics.
Persons: Mark Farrell, CNBC's Kate Rooney Organizations: Email Venture, Venture, San Locations: San Francisco
Shares of Coinbase on the move after Q4 beat
  + stars: | 2024-02-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShares of Coinbase on the move after Q4 beatCNBC's Kate Rooney joins the 'Fast Money' to talk Coinbase earnings after a Q4 beat.
Persons: CNBC's Kate Rooney
Retail investors buy the dip: Here's what you need to know
  + stars: | 2024-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail investors buy the dip: Here's what you need to knowCNBC's Kate Rooney joins 'The Exchange' to report on trader sentiment, trends in trader positioning, and more.
Persons: CNBC's Kate Rooney
Watch CNBC’s full interview with Robinhood CEO Vlad Tenev
  + stars: | 2024-02-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Robinhood CEO Vlad TenevRobinhood CEO Vlad Tenev and CNBC's Kate Rooney join 'The Exchange' to discuss recent traction in Robinhood's platform, how vital crypto is to the business, and more.
Persons: Vlad Tenev Robinhood, Vlad Tenev, CNBC's Kate Rooney
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood CEO Vlad Tenev: Our experience is 'quite good' for small and larger accountsVlad Tenev, Robinhood CEO, joins 'The Exchange' with CNBC's Kate Rooney to discuss retaining Robinhood customers on the platform, the company's shifting demographic, and more.
Persons: Vlad Tenev, CNBC's Kate Rooney
PayPal CEO: Majority of new innovations not included in guidance
  + stars: | 2024-02-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPayPal CEO: Majority of new innovations not included in guidanceCNBC's Kate Rooney joins 'Fast Money' with the latest from the PayPal CEO following disappointing guidance despite a Q4 beat.
Persons: CNBC's Kate Rooney
PayPal shares tumbled more than 10% Thursday after a disappointing forecast added to uncertainty around the payments giant. While the company posted beats on most metrics for its fourth quarter on Wednesday, PayPal guided for earnings that were well below expectations. He called 2024 a transition year and told CNBC in a phone interview that the company was staying "conservative" on guidance. 'Show me' stock PayPal's CEO faced criticism for over-promising before its Jan. 25 product event . Leading up to that, Chriss told CNBC PayPal planned to "shock the world."
Persons: Alex Chriss, FactSet, it's, Wells, Andrew Bauch, Chriss, Gordon Haskett, Don Bilson, Bilson, Bryan Keane, Michael Bloom Organizations: PayPal, Apple, CNBC, Intuit, CNBC PayPal, Bank of America, Deutsche Bank
Fintech companies are starting layoffs
  + stars: | 2024-01-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFintech companies are starting layoffsCNBC's Kate Rooney joins 'Power Lunch' to discuss the latest round of layoffs in FinTech.
Persons: Kate Rooney Locations: FinTech
PayPal will cut 9% of its global workforce, or about 2,500 jobs, CEO Alex Chriss wrote Tuesday in an internal letter to employees, which was viewed by CNBC. The cuts will affect both existing roles and job listings that PayPal had planned to hire for, and will take place over the course of the year, Chriss wrote. If your role is included in this workforce reduction, you will be notified between today and the end of the week. PayPal has significant potential to create substantial value for our employees, our customers, and shareholders. I am confident that our PayPal community will come through this period even stronger, and I am optimistic about the future we will create together.
Persons: Alex Chriss, Chriss, Alex Don't Organizations: PayPal, CNBC, Intuit, CNBC PRO
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon VP on Prime's record-breaking year for delivery speeds and its accelerated objectives in 2024Sarah Mathew, Amazon VP of delivery experience, sits down with CNBC's Kate Rooney to discuss delivery speeds and goals for the e-commerce giant.
Persons: Sarah Mathew, CNBC's Kate Rooney Organizations: Amazon VP
Nubank CEO David Vélez on LatAm tech opportunities
  + stars: | 2024-01-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNubank CEO David Vélez on LatAm tech opportunitiesNubank CEO David Vélez speaks to CNBC's Kate Rooney about e-commerce and growth opportunities in the Latin American market, and how the region's tech savvy and underbanked population remains a draw for growth investors.
Persons: David Vélez, CNBC's Kate Rooney
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