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☆ OpenAI gets $1.5 billion investment from SoftBank in tender offern a tender offer
  + stars: | 2024-11-27 | by ( Kate Rooney | ) 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 EmailOpenAI gets $1.5 billion investment from SoftBank in tender offern a tender offerCNBC's Kate Rooney joins 'Squawk Box' to discuss the latest news from OpenAI.
Persons: Kate Rooney Locations: OpenAI
☆ OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer
  + stars: | 2024-11-26 | by ( Hayden Field Kate Rooney | Hayden Field | Kate Rooney | ) www.cnbc.com   time to read: +2 min
OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. Employees will have until Dec. 24 to decide if they want to participate in the new tender offer, which has not previously been reported, one of the people said. The tender offer is not related to OpenAI's potential plans to restructure the firm to a for-profit business, one of the people said. The OpenAI investment matches SoftBank's eagerness to deploy cash, with a capital-intensive business model, a person close to Son told CNBC. The company also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion.
Persons: Masayoshi Son, OpenAI, SoftBank, Son Organizations: CNBC, Employees, Apple, Qualcomm, SoftBank's, Microsoft, Nvidia
☆ Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out
  + stars: | 2024-11-26 | by ( Kate Rooney | ) www.cnbc.com   time to read: +3 min
San Francisco-based Databricks is raising at least another $5 billion in its latest funding round — though it could raise up to $8 billion given the round is ongoing — according to several sources who asked not to be named because the discussions were private. The latest raise would value the company at $55 billion and could top the largest round of the year by OpenAI. The latest funding is designed to help Databricks employees sell shares, a source said. One source said the funding round makes Databricks' highly anticipated public debut less urgent. This summer, it acquired MosaicML, a $1.3 billion software startup that focuses on large language models that can churn out natural-sounding text.
Persons: Ali Ghodsi, Databricks, OpenAI, Andreessen Horowitz, Baillie Gifford, Snowflake, Ghodsi Organizations: Databricks Inc, Bloomberg Technology, CNBC, OpenAI, Walgreens, Nvidia, Capital, Fidelity, Insight Partners, Tiger Global Locations: San Francisco
☆ Watch CNBC's full interview with U.S. Secretary of Commerce Gina Raimondo
  + stars: | 2024-11-22 | 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 U.S. Secretary of Commerce Gina RaimondoCNBC's Kate Rooney sits down with Commerce Secretary Gina Raimondo in her first interview since the 2024 presidential election to discuss the future of AI safety, the status of CHIPS Act funding, and her advice to the incoming administration.
Persons: Gina Raimondo, Kate Rooney Organizations: U.S
☆ Robinhood's Dan Gallagher isn't interested in SEC Chair role
  + stars: | 2024-11-22 | 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 EmailRobinhood's Dan Gallagher isn't interested in SEC Chair roleCNBC's Kate Rooney joins 'Squawk on the Street' to report on Robinhood's chief legal officer speaking out on potential SEC chair role.
Persons: Dan Gallagher isn't, Kate Rooney Organizations: SEC
☆ 'A lot of room to go' before Google antitrust case is decided, says BofA's Justin Post
  + stars: | 2024-11-22 | 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 Email'A lot of room to go' before Google antitrust case is decided, says BofA's Justin PostJustin Post, BofA Securities senior internet technology analyst, joins CNBC's Kate Rooney and Deidre Bosa on 'The Exchange' to discuss the AI landscape, Google's antitrust scrutiny, and more.
Persons: BofA's Justin, Justin Post, Kate Rooney, Deidre Organizations: BofA Securities
☆ San Francisco hopes to revive offices with AI companies
  + stars: | 2024-11-19 | 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 EmailSan Francisco hopes to revive offices with AI companiesCNBC's Kate Rooney and Michael Shvo, SHVO founder and CEO, join 'Power Lunch' to discuss San Francisco's office shift.
Persons: San Francisco, Kate Rooney, Michael Shvo Organizations: San
☆ Trump Media is in advanced talks to buy crypto platform Bakkt, reports say
  + stars: | 2024-11-18 | 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 EmailTrump Media is in advanced talks to buy crypto platform Bakkt, reports sayCNBC's Kate Rooney joins 'Closing Bell' to discuss reports that Trump Media is in advanced talks to buy crypto platform Bakkt.
Persons: CNBC's Kate Rooney Organizations: Email Trump Media, Trump Media
☆ Tension over guardrails at OpenAI
  + stars: | 2024-11-18 | 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 EmailTension over guardrails at OpenAICNBC's Kate Rooney looks back at the year that changed OpenAI and reports on some disputes at the company.
Persons: CNBC's Kate Rooney
☆ Matt Gaetz has a history of going after Big Tech. As Trump's attorney general, he'd be tasked with enforcing antitrust laws.
  + stars: | 2024-11-14 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com   time to read: +5 min
Gaetz has criticized Big Tech for censoring conservatives and supports antitrust enforcement. Both the Justice Department and the FTC enforce antitrust laws that impact large tech companies. Gaetz has frequently railed against Big Tech, accusing Silicon Valley firms of censoring conservatives. The current Federal Trade Commission chair, Lina Khan, whom Trump may end up replacing, has aggressively gone after Big Tech companies. "But the hurdles for Big Tech could remain elevated," he added.
Persons: Donald Trump, Matt Gaetz, Gaetz, —, Trump, Lina Khan, Khan, JD Vance, Mark, Buchanan Ingersoll, Rooney, he's, Isaac Boltansky, Barron's, Kasten, TikTok, George Hay, Hay Organizations: Big Tech, Justice Department, Service, Senate, Florida Republican, Business, FTC, Federal Trade Commission, Nvidia, Meta, Microsoft, Wall Street Journal, China, Apple, Google, Cornell University Locations: Florida, Silicon, Silicon Valley
☆ How to buy Rascal Flatts tickets: Dates and prices compared
  + stars: | 2024-11-14 | by ( Jordan Williams | Sarah Saril | Freelance Writer | ) www.businessinsider.com   time to read: +7 min
We’ve got you covered if you’re looking for how to get tickets to Rascal Flatts’ 2025 concert tour. How to buy tickets for Rascal Flatts’ 2025 concert tourYou can buy standard original tickets to Rascal Flatts’ 2025 concert tour on Ticketmaster. Prices for tickets to Rascal Flatts’ 2025 reunion tour vary depending on the date, location, and demand for each show. Meanwhile, resale tickets for Rascal Flatts’ 2025 Life Is a Highway Tour are generally comparable to or cheaper than standard original tickets. The available VIP packages include the Rascal Flatts Hot Ticket Package (starting at $200), Rascal Flatts VIP Lounge Experience (starting at $315), and Rascal Flatts Premium VIP Lounge Experience (starting at $415).
Persons: Rascal, Rascal Flatts, Gary LeVox, Jay DeMarcus, Joe Don Rooney, We’ve, Durant, Lauren Alaina, Chris Lane Organizations: Business, Midwest, FL, Ticketmaster, Vivid Locations: Jacksonville , Florida, Greenville , South Carolina, United States, Florida, Evansville, Charleston, Rapids, MI, Sioux, Bay, WI, Moline, IL, Columbus, Toledo, Youngstown, Manchester, Uncasville, Allentown, Huntsville, Savannah, Fort Worth , TX, Lafayette, LA, Estero, FL, Orlando, Jacksonville, Rock , Arkansas, Toledo , Ohio, Green, , WI, Durant , Oklahoma
☆ Rooney Vera: Industrials, defense, and banks will continue to rise
  + stars: | 2024-11-12 | 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 EmailRooney Vera: Industrials, defense, and banks will continue to riseKathryn Rooney Vera from Stonex discusses the market pullback after record highs, with concerns over the U.S. deficit and tax cuts.
Persons: Rooney Vera, Industrials, Kathryn Rooney Vera, Stonex
☆ Meet the Press – November 3, 2024
  + stars: | 2024-11-03 | by ( ) www.nbcnews.com   time to read: +55 min
KRISTEN WELKER:As the 2024 election nears the finish line, Vice President Kamala Harris and former President Donald Trump make their last appeal to voters. Vice President Harris and former President Trump and their surrogates are making their closing arguments. North Carolina was the state former president Trump won in 2020 by the smallest margin and both candidates held events there on Saturday. I asked, what is his message to women who are thinking about voting for Vice President Harris. Today, Vice President Harris is in Michigan working to shore up the blue wall, her simplest path to winning the White House.
Persons: KRISTEN WELKER, PRES, KAMALA HARRIS, FMR . PRES, DONALD TRUMP, Kamala Harris, Donald Trump, Steve Kornacki, Liz Cheney, Let's, TONY HINCHCLIFFE, Raphael Warnock of, Doug Burgum, Chuck Todd, Cristina Londoño Rooney, Marc Short, Mike Pence, Jen Psaki, Kristen Welker, . PRES, Harris, Trump, Biden, haven't, Will Nikki Haley, hasn’t, Kamala, TIM WALZ, Donald Trump's, SEN, JD VANCE, FMR, MICHELLE OBAMA, She's, Hurricane Helene, NBC's Dasha Burns, DASHA BURNS, Kristen, Ann Selzer, “, we've, Dasha, We're, Alcindor, YAMICHE, STEVE KORNACKI, Harris ., They've, she's, Joe Biden's, Steve, they've, We've, –, Raphael Warnock of Georgia, Warnock, Press . SEN, RAPHAEL WARNOCK, It's, Martin Luther King Jr, Barack Obama, I've, I’ve, we're, They're, Governor Burgum, DOUG BURGUM, Nikki Haley, NIKKI HALEY, they're, Trump's, I'm, he's, Emerson, Iowa that's, I'd, Trump hasn't, It’s, Biden's, There's, Burgum, JEN PSAKI, Chuck, hasn't, CHUCK TODD, who's, – KRISTEN WELKER, she’s, Harris isn't, Jen, that's, Cristina, let's, CRISTINA LONDOÑO ROONEY, They’re, Obama, there's, o’clock, Clinton, JD Vance, RUDOLPH, MAYA RUDOLPH, we'd, Hillary Clinton, Marc, We'll, it's Organizations: FMR, NBC, Puerto Rico, Trump, Democratic, Republican, Washington, Telemundo, Staff, White House Press, Press, Rockefeller, Des Moines Register, NBC News, DONALD TRUMP : Georgia, GOV, TIM, FIRST, United States Capitol, Des Moines, White, Muslim, National, Black, Press ., Ebenezer Baptist Church, New York Times, Central, American, UN, Penn State football, Madison, –, Iowa, Republicans, oversampled, Puerto Ricans, Obama, it's, Democratic Party Locations: America, FMR ., United States, Puerto Rico, Raphael Warnock of Georgia, North Dakota, New York, ., Wisconsin, North Carolina, Pennsylvania, ELON, Hurricane, Greensboro, Iowa, Michigan, Detroit, East Lansing, Dearborn , Michigan, Gaza, Arizona, Des, Washington, Ebenezer, Georgia, Trump's, Puerto Rican, Madison, Korea, Ukraine, Israel, Iran, American, Pennsylvania , Wisconsin, Kansas, Puerto, Puerto Ricans, Trump, , Wisconsin, it's New Hampshire, New Hampshire
☆ OpenAI launches ChatGPT search
  + stars: | 2024-10-31 | by ( Kate Rooney | ) 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 EmailOpenAI launches ChatGPT searchCNBC's Kate Rooney joins 'The Exchange' to report on OpenAI's new entry to take on search engines.
Persons: Kate Rooney
☆ Robinhood shares down as promotions eat into profits
  + stars: | 2024-10-31 | 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 EmailRobinhood shares down as promotions eat into profitsCNBC's Kate Rooney joins 'Squawk on the Street' to discuss Robinhood earnings.
Persons: Kate Rooney
☆ Goldman Institute calls for ‘data center diplomacy’ as U.S. competes in global AI race
  + stars: | 2024-10-29 | by ( Kate Rooney | ) www.cnbc.com   time to read: +3 min
"Data may be the new oil, and it's ultimately nations, not nature, that's going to determine the future of AI infrastructure built." AI relies on massive amounts of data for training and gigantic data centers. Despite a slowing economy, Beijing has been investing in AI data centers, and launched a $6.1 billion national initiative called "Eastern Data, Western Computing." The U.S. has its own slate of initiatives, including a task force on AI infrastructure. "The Arab Gulf countries of the Middle East present many promising opportunities for AI data centers," Cohen wrote.
Persons: Goldman Sachs, Jared Cohen, Goldman, Cohen, it's, They've, Anthropic Organizations: Goldman Sachs Global Institute, CNBC, Google, Microsoft, Meta, Computing, United, United Arab Locations: China, Beijing, U.S, Canada, Australia, France, Gulf, OpenAI, United Arab Emirates, Qatar, Saudi Arabia
☆ Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation
  + stars: | 2024-10-28 | by ( Kate Rooney | ) www.cnbc.com   time to read: +2 min
Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Artificial intelligence startup Sierra, co-founded by ex-Salesforce co-CEO Bret Taylor, is more than quadrupling its valuation to $4.5 billion in a fresh funding round. The San Francisco-based company, which was valued at $1 billion in January, raised $175 million in a funding round led by Greenoaks Capital. Sierra is focused on helping enterprises like home security company ADT , Sonos , Weight Watchers and Casper personalize and implement AI agents for customer service. Taylor describes Sierra as "conversational AI," and bristles at the word "chatbot," even banning the phrase in the company's downtown San Francisco office.
Persons: Bret Taylor, Sierra, Taylor, Marc Benioff, Elon Musk, Clay Bavor, Casper personalize, Bavor, ICONIQ, Josh Kushner’s Organizations: Salesforce, Viva Technology Conference, Greenoaks Capital, Twitter, Elon, Google, Sierra, Google Labs, CNBC Locations: Paris, San Francisco
☆ Former Salesforce co-CEO Bret Taylor on his new startup's funding round and $4.5 billion valuation
  + stars: | 2024-10-28 | 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 EmailFormer Salesforce co-CEO Bret Taylor on his new startup's funding round and $4.5 billion valuationBret Taylor, OpenAI board chair and co-founder of Sierra, joins CNBC's 'The Exchange' to discuss the company's quadrupled valuation, how AI models can remain relevant without licensing content from media, and more.
Persons: Bret Taylor
☆ Former Pittsburgh Steelers line up on opposite sides in the Trump-Harris showdown
  + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Allan Smith | ) www.nbcnews.com   time to read: +10 min
PITTSBURGH — Inside Acrisure Stadium, home of the Pittsburgh Steelers, Minnesota Gov. “The Steelers are largely a cultural identity for the whole region,” said state Rep. Nick Pisciottano, a Democrat from Allegheny County. “I mean, Brown is the Pittsburgh Steelers’ [second] all-time leading receiver. “Former Pittsburgh Steelers are split on the Presidential election,” Ryan Clark, an ESPN personality and former Steelers safety, posted on X. For Pisciottano, the difference between Trump’s and Harris’ Steelers backers is that Harris’ have much more substantial ties to Pittsburgh and the region than Trump’s do.
Persons: Tim Walz, Will Allen, ”, Antonio Brown, Allen, deriding Walz, Donald Trump, ” Brown, Trump, Kamala Harris, Brown, Harris, Walz, Bell, Nick Pisciottano, Joe Greene, Jerome Bettis, Franco Harris, Mel Blount, Le'Veon Bell, Jim Watson, Mike Wallace, Jack Lambert, couldn’t, —, ” Allen, “, Tim ”, “ Trump, MAGA Memecoin, Sen, JD Vance, Donald Trump Jr, Alex Bruesewitz, ” Bruesewitz, It’s, he’s, Bruesewitz, Maxx Crosby, Lawrence Taylor, He’s, ” Ryan Clark, Troy Polamalu, Clark, ” Dave McCormick, ” Gregg Paladina, Josh Shapiro, Antonio Brown’s, ” Dok Harris, Franco Harris ’, they’re, Lynn Swann, Dan Rooney, Barack Obama, Rooney, … Organizations: PITTSBURGH, Pittsburgh Steelers, Minnesota Gov, Steelers, “, Super, Trump, Democrat, New York Jets, Democratic National Committee, Getty, Fame, ’ Steelers, ”, Daily, Pittsburgh Steelers ’, Kodak, NFL, Las Vegas Raiders, New York Giants, Steeler, “ Former Pittsburgh Steelers, ESPN, GOP, NBC News, Democratic Gov, Trump Steelers, Harris ’ Steelers, Pittsburgh Locations: Latrobe , Pennsylvania, Pennsylvania, Allegheny County, Latrobe , Pa, AFP, Latrobe, R, Ohio, Acrisure, Trump, Florida, “, New Castle , Pennsylvania, Pittsburgh, Ireland
☆ Tapestry-Capri merger blocked by U.S. judge
  + stars: | 2024-10-24 | 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 EmailTapestry-Capri merger blocked by U.S. judgeCNBC's Kate Rooney joins 'Closing Bell Overtime' with breaking news on the Tapestry-Capri merger.
Persons: Kate Rooney Locations: Capri
☆ Perplexity AI faces copyright lawsuits from media companies
  + stars: | 2024-10-21 | 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 EmailPerplexity AI faces copyright lawsuits from media companiesCNBC’s Kate Rooney and Credo AI CEO Navrina Singh, join 'Power Lunch' to discuss Perplexity AI’s latest round of funding and its copyright problems.
Persons: Kate Rooney, Navrina Singh
☆ Perplexity AI seeks valuation of about $9 billion in new funding round
  + stars: | 2024-10-20 | by ( Kate Rooney Rebecca Picciotto | Kate Rooney | Rebecca Picciotto | ) www.cnbc.com   time to read: +1 min
The Perplexity AI logo is seen in this photo taken Jan. 4, 2024. Perplexity AI, an artificial intelligence search engine startup hoping to chip away at Google's dominance, is seeking to more than double its valuation to about $9 billion in its next funding round, CNBC has confirmed. The Wall Street Journal was first to report on the new funding round. Perplexity started the year with a roughly $500 million valuation. Since then, the company has continued to attract investor interest alongside the bigger boom in generative AI, raising three funding rounds this year.
Persons: Perplexity, OpenAI, ChatGPT Organizations: CNBC, New York Times
☆ Amazon ramps up AI chip race
  + stars: | 2024-10-15 | 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 EmailAmazon ramps up AI chip raceCNBC's Kate Rooney joins 'The Exchange' to discuss how Amazon is ramping up its long-term AI strategy.
Persons: Kate Rooney
☆ Amazon strikes AI chip deal with Databricks as it looks to narrow gap with Nvidia
  + stars: | 2024-10-15 | 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 EmailAmazon strikes AI chip deal with Databricks as it looks to narrow gap with NvidiaCNBC's Kate Rooney joins 'Money Movers' to report on Amazon's five-year deal with Databricks as the latest step in the tech giant looking to advance its reach in the AI market.
Persons: Kate Rooney Organizations: Nvidia, Databricks
☆ Hedge funds look to AI to get ahead of the markets
  + stars: | 2024-10-14 | 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 EmailHedge funds look to AI to get ahead of the marketsCNBC's Kate Rooney joins 'The Exchange to report on hedge funds trying to get a new edge on Wall Street by using artificial intelligence.
Persons: Kate Rooney
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