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☆ Tuesday's big stock stories: What's likely to move the market in the next trading session
▼ + stars: | 2024-08-05 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +2 min

It's now 18% from the February 52-week high. The stock is 17% from the April 52-week high. Dow Winners There are only four Dow stocks that are up in the last three days. Shares are 1.7% from the July 24 52-week high. The stock is 11% from the January 52-week high.

Persons: Russell, Crypto, Michael Saylor, MicroStrategy, Cleanspark, Joe Hinrichs, It's, Johnson, McDonald's Organizations: CNBC, Nasdaq, Dow Jones, Galaxy, CSX, Caterpillar, Dow, Procter, Gamble, Johnson

☆ Samsung Employees Return to Work After Strike Fails to Win Concessions
▼ + stars: | 2024-08-05 | by ( Jin Yu Young | More About Jin Yu Young | ) www.nytimes.com time to read: +1 min

Thousands of unionized workers at Samsung Electronics in South Korea, who had declared an indefinite strike last month, had returned to work by Monday after failing to win concessions from the global tech giant. It was the first unionized action in the decades-long history of Samsung, one of the world’s biggest makers of computer chips. But the striking employees, numbering roughly 6,500 or so, accounted for only a fraction of union membership and a sliver of the company’s total work force. Most of them were back at work by Monday, according to Lee Hyun Kuk, the vice president of the Nationwide Samsung Electronics Union. But the financial burden of a prolonged, unpaid strike on employees forced union leaders to issue a back-to-work order last week.

Persons: Lee Hyun Kuk Organizations: Samsung Electronics, Samsung, Nationwide Samsung Electronics Union Locations: South Korea

☆ We're dipping our toes back into the sell-off and buying a tech giant that's under pressure
▼ + stars: | 2024-08-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 260 shares of MSFT, increasing its weighting to 3.33% from 2.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, DOV, Jim Cramer, Jim Organizations: Microsoft, MSFT, Ford, Wynn Resorts, NXT, CNBC Locations: DuPont, Dover, Nextracker, Wells Fargo

☆ Warren Buffett's moves on Apple 'make a lot of sense' to me right now, says Maxim Group's Tom Forte
▼ + stars: | 2024-08-05 | 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 EmailWarren Buffett's moves on Apple 'make a lot of sense' to me right now, says Maxim Group's Tom ForteTom Forte, Maxim Group senior consumer internet analyst, joins 'Squawk on the Street' to discuss Apple after investors slash their stake on the tech giant stock.

Persons: Warren Buffett's, Maxim, Tom Forte Tom Forte Organizations: Apple, Maxim Group

☆ Google loses massive antitrust lawsuit over its search dominance
▼ + stars: | 2024-08-05 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

New York CNN —Google has violated US antitrust law with its search business, a federal judge ruled Monday, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online and to upend decades of dominance. The decision by the US District Court for the District of Columbia is a stunning rebuke of Google’s oldest and most important business. The company has spent tens of billions of dollars on exclusive contracts to secure a dominant position as the world’s default search provider on smartphones and web browsers. Now, said US District Judge Amit Mehta, that powerful position has led to anticompetitive behavior that must be stopped. “It has violated Section 2 of the Sherman Act.”This is a developing story and will be updated.

Persons: Microsoft’s Bing, Trump, Amit Mehta, “, ” Mehta, Sherman Organizations: New, New York CNN, Google, US, Court, District of Columbia Locations: New York

☆ There's a $30 billion reason the Google antitrust ruling will have the search giant very worried right now
▼ + stars: | 2024-08-05 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

Google projected it could lose $30 billion if it lost its default spot on Apple devices. A federal judge ruled that Google's agreements with Apple and others "have anticompetitive effects." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle's agreements with Apple and other companies to be their default search engine have violated antitrust law, a federal judge ruled on Monday.

Persons: —, Amit P, Mehta Organizations: Google, Apple, Service, Samsung, Business

☆ Egypt’s first pyramid constructed using a hydraulic lift, study says
▼ + stars: | 2024-08-05 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +11 min

Now, a team of engineers and geologists brings a new theory to the table — a hydraulic lift device that would have floated the heavy stones up through the middle of Egypt’s oldest pyramid using stored water. Water from ancient streams flowed into a system of trenches and tunnels that surrounded the Step Pyramid, according to the study team. The shaft within the Step Pyramid is connected to a 200-meter-long (656-foot-long) underground tunnel that connects to another vertical shaft outside the pyramid. Conversely, a moderate-sized hydraulic lift can raise 50 to 100 tons. “It doesn’t mean (the hydraulic lift device) wasn’t used,” she added.

Persons: Pharaoh Djoser, ”, Dr, Xavier Landreau, aren’t, David Jeffreys, Paleotechnic, Guillaume Piton, Judith Bunbury, rainier, Jeffreys, Fabian Welc, Stefan Wyszynski, Welc, ” Welc, King Djoser, Landreau, University of Cambridge geoarchaeologist, ” Bunbury Organizations: CNN, University College London, France’s National Research Institute for Agriculture, Food, Institute of Environmental Geosciences, University Grenoble Alpes, University of Cambridge, of Archaeology, Stefan Wyszynski University Locations: Egypt, Paris, London, Old, Old Kingdom, Kingdom, Moat, Warsaw, Poland, Saqqāra, Giza, University of Cambridge geoarchaeologist Bunbury

☆ Earnings playbook: Disney and this industrial giant are among companies slated to report this week
▼ + stars: | 2024-08-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

More than 70 S & P 500 names are slated to report this week, including Disney and Caterpillar . Tuesday Uber Technologies is set to report earnings before the bell. This quarter: The ride-hailing giant is expected to report a 70% year-over-year increase in earnings, LSEG data shows. What history shows: Uber has beaten earnings expectations in six of the last seven quarters, according to data from Bespoke Investment Group. Wednesday Walt Disney is set to report earnings before the open.

Persons: Eli Lilly, Benjamin Black, Uber, Walt Disney, Wells, Steven Cahall, LLY, Eli Lilly's Organizations: Disney, Caterpillar . Pharmaceutical, behemoth, CNBC, Technologies, Investors, Autonomous Vehicle, Deutsche Bank, Investment, Caterpillar, JPMorgan Locations: California

☆ Insider Today: Mark Cuban vs. Big Pharma
▼ + stars: | 2024-08-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first: Big Tech reporting for duty. AdvertisementEven before Amazon, Apple, Meta, and Microsoft reported earnings, investors' focus was clear. Meta CEO Mark Zuckerberg didn't shy away from his intention to keep plowing money into AI, but investors didn't mind. Softening demand from shoppers for Amazon led to a miss in reported net sales and a weaker-than-expected sales forecast for the third quarter. Also read:Getty Images; Jenny Chang-Rodriguez/BIMark Cuban's pharma missionIn 2022, Mark Cuban launched a low-cost online pharmacy with the goal of cutting drug prices for consumers.

Persons: —, Jeff Bottari, Rebecca Zisser, Tesla, Mark Zuckerberg, iStock, That's, Gen, Zers, Tyler Le, Tetiana Lazunova, Jenny Chang, Rodriguez, Cuban's, Mark Cuban, somebody's, Emily Durham Organizations: Service, Business, Big Tech, Getty Images, Apple, Meta, Microsoft, Apple Intelligence, Amazon, pharma, Cuban's pharma, Cost, Pfizer, Novo Nordisk Locations: China

☆ Our backyard is a free-for-all hangout spot for neighborhood kids. Everyone follows the same simple rules, or they go home.
▼ + stars: | 2024-08-04 | by ( Bethaney Phillips | ) www.businessinsider.com time to read: +4 min

If my kids are inside, they may knock on the door to see if they can play. My kids get play dates without us having to schedule or drive anyone, and more often than not, everyone plays by the rules. Adults often stop by to chat, too, which is also nice for me; our backyard has become something of a neighborhood hangout. There are rules, and all the kids have to follow themIt's simple enough: everyone needs to be having fun. Other parents on my block also let kids come by to play, and each household (and yard) may have slightly different rules.

Persons: they've, It's, littles Organizations: Service

☆ When I got married, I still did all of the housework and started to resent my husband. We had to learn how to be a team.
▼ + stars: | 2024-08-04 | by ( Ashley Archambault | ) www.businessinsider.com time to read: +4 min

After a while, I began to wonder how and when things were supposed to change now that I had a partner. I had been independent for so long before I met my husband that I had gotten used to doing everything on my own. So, I asked a close girlfriend what she and her husband did as far as the housework went. I asked her how they decided, and she said that if there was something she really didn't enjoy doing, then she would ask if her husband minded doing that and vice versa. I really love my husband, and I didn't want to harbor feelings of resentment over things like chores around the house.

Persons: we've Organizations: Service, Business

☆ Trying to Save a Concrete ‘Monument to Corruption’
▼ + stars: | 2024-08-04 | by ( Andrew Higgins | ) www.nytimes.com time to read: +1 min

The 17-story hotel, a giant and graceless gem of socialist modernist architecture cherished by aficionados of concrete, took four years to build in the 1970s and became a proud symbol of the Soviet Union’s embrace of modernity. Wealthy tycoons have wrangled over it, shuffling ownership between opaque offshore companies, while competing groups of graffiti artists have turned its facade into a huge tableau displaying their rival loyalties. One group daubed it with the colors of the Ukrainian flag, then a group opposed to Ukraine painted a Russian military symbol. In June, a new group painted the exterior with the colors of Moldova’s flag. Prosecutors and preservationists have struggled to understand how what was once a prize piece of real estate has fallen on such hard times.

Organizations: Prosecutors Locations: Soviet, Moldova, Chisinau, Ukrainian, Ukraine, Russian

☆ Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple
▼ + stars: | 2024-08-03 | by ( Yun Li | ) www.nbcnews.com time to read: +3 min

Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. Even after the selling Apple remains the largest stock stake by far for Berkshire. Buffett had trimmed the Apple stake by 13% in the first quarter and hinted at the Berkshire annual meeting in May that it was for tax reasons. Berkshire’s Apple holding was once so big that it took up half of its equity portfolio. Berkshire began buying the stock in 2016 under the influence of Buffett’s investing lieutenants Ted Weschler and Todd Combs.

Persons: Warren, Berkshire Hathaway, Buffett, Ted Weschler, Todd Combs Organizations: Apple, Oracle, Berkshire, U.S, Apple . Berkshire, Bank of America, Buffett Locations: Omaha, Berkshire, U.S

The same Chinese brokers who were laundering fentanyl proceeds were now heavily involved in marijuana trafficking across the U.S. as well. Over the past decade, Chinese organized crime groups in the U.S. quietly became the dominant money launderers for Mexican cartels. Since 2023, federal prosecutors have charged at least 31 people linked to Chinese groups accused of laundering cartel drug money. In the ensuing months, the team began to understand for the first time how the Chinese became the Mexican cartels’ go-to money launderers. The Chinese money brokers then arrange for the cartels to receive the equivalent amount in pesos or cryptocurrency in Mexico.

Persons: Ray Donovan, Joaquin “ El Chapo ” Guzman, Guzman, Donovan, ”, Michael Mezner, ‘, I’ve, El Chapo, ” Donovan, “, Christopher Urben, “ They’ve, Dennis Wilder, ” Wilder, Urben, ” Urben, Bill Bodner, Vanda Felbab, Brown, ’, They’re, Xi Jinping Organizations: Attorney’s, Central, Central District of, U.S, Division, CIA, Ministry of State Security, U.S ., National Intelligence, National Security Council, Los, Singapore —, Brookings Institution, Operations Division, DEA, Citibank Locations: U.S, East, China, El, Sinaloa, Pasadena, Calif, Central District, Central District of California, Virginia, United States, CJNG, propping, Los Angeles, San Francisco and New York, Asia, Australia, Singapore, New York, Chicago, Miami, Mexico, Los Angeles County . U.S, Guangzhou, America

☆ Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50%
▼ + stars: | 2024-08-03 | by ( Robert Ilich | ) edition.cnn.com time to read: +1 min

CNN —Warren Buffett’s Berkshire Hathaway slashed its stake in tech giant Apple by nearly 50%, according to Berkshire’s second quarter earnings report released on Saturday. Berkshire Hathaway disclosed its holdings in Apple were valued at $84.2 billion at the end of the quarter, dropping from 790 million shares to 400 million shares. Berkshire Hathaway has previously downsized its stake Apple, which has a market cap over $3.3 trillion. In the final three months of 2023, Berkshire Hathaway sold off 10 million shares of Apple stock, representing about 1% of its holdings in the company. Along with Apple, Berkshire cut its stake in its second largest position, Bank of America, to $41.1 billion.

Persons: CNN — Warren, Berkshire Hathaway, Buffett Organizations: CNN, Berkshire, Apple, Bank of America, American Express, Chevron Locations: Apple, Berkshire, Omaha , Nebraska

☆ Warren Buffett raises Berkshire cash level to record $277 billion after slashing stock holdings
▼ + stars: | 2024-08-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. Berkshire Hathaway 's cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock holdings including Apple . The Omaha-based conglomerate's cash hoard jumped significantly higher from the previous record of $189 billion, set in the first quarter of 2024. For the second quarter, Berkshire's operating earnings, which encompass profits from the conglomerate's fully-owned businesses, enjoyed a jump thanks to the strength in auto insurer Geico. Operating earnings totaled $11.6 billion in the second quarter, up about 15% from $10 billion a year prior.

Persons: Warren Buffett, Berkshire Hathaway, Tim Cook, Buffett, I've Organizations: Berkshire Hathaway, Berkshire, Apple, Oracle, Buffett, Bank of America, Federal Reserve, Dow, Industrial Locations: Omaha , Nebraska, Omaha, Berkshire

☆ Airbnb executive hints at coming perks that could convince travelers not to book hotels
▼ + stars: | 2024-08-03 | by ( Dan Latu | ) www.businessinsider.com time to read: +1 min

Dave Stephenson teased massages, personal chefs, and other add-ons in an interview with Bloomberg. It's the latest tactic the company is considering to woo travelers who might otherwise book hotels. Go to newsletter preferences Thanks for signing up! While attending the Olympics, Airbnb executive Dave Stephenson told Bloomberg that the short-term rental giant is considering an array of new offerings for guests. In his remarks, Stephenson mentioned massages, personal chefs, and more frequent cleanings — amenities that mimic those found in many luxury hotels.

Persons: Dave Stephenson, massages, —, Stephenson Organizations: Bloomberg, Service, Business

☆ Behind McKenzie Long’s Olympic debut, a mother’s love and a profound grief
▼ + stars: | 2024-08-03 | by ( Marcus Thompson Ii | ) www.nytimes.com time to read: +14 min

Then she was one of the darlings of the Olympic trials. It pushes me through.”Gabby Thomas and McKenzie Long embrace after the 200-meter at U.S. Olympic trials. Running for Ole Miss, McKenzie Long was 2024 NCAA outdoor champion in the 100- and 200-meter. I got us.”An open book like her mother, she’s talked of her bouts with anxiety, and how overwhelming the transition to professional has been. GO DEEPER Gabby Thomas, Olympic 200-meter favorite, is firmly in the spotlight — and ready for it(Top photo of McKenzie Long during U.S. Olympic trials: Charlie Neibergall / AP)

Persons: ” McKenzie Long, Long, Tara Elizabeth Jones, neé Murphy, Jones, “, ” Long, mascara, pouncing, it’s, she’d, Dang, Patrick Smith, could’ve, Sha’Carri Richardson, what’s, ”, Mom, “ You’re McKenzie Long, She’s, she’s, that’s, ” Gabby Thomas, McKenzie Long, Jake, Isaiah, McKenzie, Karmen — Jones, “ Tara, Lizzo, Jake Long, Kenzie, It’s, Ole, Morgan Engel, —, Bowerman, Michael, would’ve, Gabby Thomas, Jamaica’s Shericka Jackson, Saint Lucia’s Julien Alfred, Great, of Long, Charlie Neibergall Organizations: Adidas, U.S, Hayward, University of Oregon, Olympic, USA, Ole Miss, NCAA, Paris, Jones, West, North Carolina State’s, Carolina State’s, State, WSAZ News Locations: Hawaii, Eugene ,, Paris, Ironton , Ohio, West Virginia, Ironton, Columbus, North Carolina, N.C, State, N.C . State, America, Instagram

☆ In Mexico City, women water harvesters help make up for drought and dicey public water system
▼ + stars: | 2024-08-02 | by ( The Associated Press | ) www.nbcnews.com time to read: +7 min

“I’m always looking for different rainwater harvesting systems,” she said, smiling. “I’m also always looking for places to install one.”Driven by prolonged drought and inconsistent public water delivery, many Mexico City residents are turning to rainwater. At the height of the pandemic, she taught classes on urban farming and water harvesting at a local community space. Huitzil’s mother had qualified for a free water harvesting system from Mexico City’s government in 2021. As women, she and the other members of Pixcatl want to set an example for those who want to get involved in water harvesting.

Persons: Sonia Estefanía Palacios, “ I’m, Palacios Díaz, Sonia Estefania Palacios Diaz, E, Pineda Castro, Marco Ugarte, ”, That’s, Palacios, Lizbeth Esther Pineda Castro, Sara Huitzil Morales, Huitzil, Pineda, Palacios Díaz plopped, ” Sara Huitzil Morales, Iztapalapa, ” Palacios Diaz, “, ” Loreta Castro Reguera, Abigail López Durán Organizations: Isla Urbana, Authorities, National Water Commission, Sporting, National Autonomous University, Mexico City, NBC Locations: Mexico City, Mexico, Iztapalpa, Iztapalapa’s Buenavista, Mexico City’s, State of Mexico

☆ Intel shares plunge 28%, dragging down global chip stocks
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | Arjun Kharpal Is A Senior Correspondent For Cnbc In London. | ) www.nbcnews.com time to read: +2 min

Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the biggest names in the tech sector. A number of major U.S. chip names also dropped on Friday in U.S. premarket trade, with Nvidia trading around 4% lower. The DOJ is looking at complaints that the chip giant allegedly abused its market dominance in artificial intelligence chips, The Information reported. Adding to the pressure on chip stocks is a global equity sell-off that began in the U.S. and has fed its way through to Asia and Europe. The VanEck Semiconductor ETF, which includes major names in the sector, closed roughly 6.5% lower in the U.S. on Thursday.

Persons: ”, prem Organizations: Intel, Nvidia, U.S . Department of, DOJ, NVIDIA, CNBC, Taiwan Semiconductor Manufacturing, Samsung, SK Hynix, midafternoon, Infineon, AMD, Qualcomm, Nasdaq, VanEck Semiconductor Locations: U.S, Asia, Taiwan, South Korea, TSMC, Europe, Netherlands

☆ He worked at four Big Tech companies. Here's how he went from $200,000 post-MBA at Meta to much more at Google.
▼ + stars: | 2024-08-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

He has since worked at Meta, Visa, and PayPal and is currently a senior product manager at Google. Related storiesHe switched companies because he was looking for a role in product management, his goal even before business school. GoogleDuring the recruitment process at Google, Lin said he applied to other companies for two reasons. Advertisement"This time, when I ended up sharing a competing offer, I actually took my PayPal offer," he said. AdvertisementBusiness Insider has verified his offer letters, employment history, and Google compensation.

Persons: —, Yu Lin, Lin, Meta Lin, Visa Lin, PayPal Lin Organizations: Service, Business, University of Southern, Meta, Visa, PayPal, Google, Yahoo, Nvidia Locations: University of Southern California, Taiwan, Park , California, Sunnyvale , California

☆ Friday, August 2, 2024: Cramer says this tech giant is 'misunderstood'
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

Friday, August 2, 2024: Cramer says this tech giant is 'misunderstood'Go behind the scenes with Jim Cramer and Jeff Marks of the CNBC Investing Club as they talk candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how they decide when, and if, to take action on stocks.

Persons: Cramer, Jim Cramer, Jeff Marks Organizations: CNBC, Trust

☆ Meta in Talks to Use Voices of Judi Dench, Awkwafina and Others for A.I.
▼ + stars: | 2024-08-02 | by ( Mike Isaac | Nicole Sperling | ) www.nytimes.com time to read: +1 min

Meta is in discussions with Awkwafina, Judi Dench and other actors and influencers for the right to incorporate their voices into a digital assistant product called MetaAI, according to three people with knowledge of the talks, as the company pushes to build more products that feature artificial intelligence. Apart from Ms. Dench and Awkwafina, Meta is in talks with the comedian Keegan-Michael Key and other celebrities, said the people, who spoke on the condition of anonymity because the discussions are private. The talks remain fluid, and it is unclear which actors and influencers, if any, may sign on to the project, the people said. If the parties come to an agreement, Meta could pay millions of dollars in fees to the actors. Meta, which owns Facebook, Instagram and WhatsApp, has invested heavily in artificial intelligence, which the biggest tech companies are racing to develop and lead.

Persons: Awkwafina, Judi Dench, Dench, Keegan, Michael Key Organizations: Meta, Bloomberg

☆ Giant pigeon to perch atop New York City’s High Line
▼ + stars: | 2024-08-02 | by ( Benjamin Sutton | ) edition.cnn.com time to read: +3 min

Editor’s Note: This article was originally published by The Art Newspaper, an editorial partner of CNN Style. The next commission to alight above Tenth Avenue on the park’s prominent plinth will be Dinosaur (2024), a hyper-realist aluminum sculpture of a pigeon by Iván Argote, the Bogotá-born, Paris-based artist. Courtesy the artist/The High LineLike many New Yorkers, pigeons are not native to the region. “Iván has a charming ability as an artist to take something familiar and make us consider it anew in profound ways,” Cecilia Alemani, the director and chief curator of High Line Art, said in a statement. Courtesy the artist/The High LineArgote’s prominent pigeon will be the fourth High Line Plinth commission, following works by Pamela Rosenkranz, Simone Leigh and Sam Durant.

Persons: Iván Argote, “, ” Argote, “ Iván, ” Cecilia Alemani, Joseph Gallieni, Marcel Duchamp, Pamela Rosenkranz, Simone Leigh, Sam Durant, Argote’s Organizations: The Art, CNN, Tenth, Centre Pompidou Locations: Paris, New York, “

☆ Ex-Google engineers who founded Character.AI rejoin company with new AI partnership
▼ + stars: | 2024-08-02 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

"I am super excited to return to Google and work as part of the Google DeepMind team," Shazeer said in a statement on Friday. I am confident that the funds from the non-exclusive Google licensing agreement together with the incredible Character.AI team positions Character.AI for continued success in the future." The move also comes amid a competitive talent and AI landscape, leading companies to form partnerships against a tough regulatory landscape that has placed scrutiny on mergers and acquisitions. Britain's competition watchdog said earlier this week it is looking into Google's partnership with AI startup Anthropic, for example. In March, Microsoft hired Mustafa Suleyman, a co-founder of AI startup DeepMind that Google acquired in 2014, and much of its staff to lead AI initiatives.

Persons: Noam Shazeer, Daniel De Freitas, Character.AI, Freitas, Axios, OpenAI's ChatGPT, Shazeer, We're, Noam, Mustafa Suleyman, Suleyman, Satya Nadella Organizations: Google, Character.AI, CNBC, Microsoft Locations: Character.AI

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