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Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed. Intuit called for second-quarter earnings of $2.55 to $2.61 per share, with $3.81 billion to $3.85 billion in revenue. At Thursday's close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained almost 25% in the same period. On Tuesday Intuit shares slipped 5% after The Washington Post said U.S. President-elect Donald Trump's proposed Department of Government Efficiency had discussed developing a mobile app for federal income tax filing. WATCH: H&R Block, Intuit shares fall after report Trump admin considering a free tax-filing app
Persons: Sasan Goodarzi, LSEG, Sandeep Aujla, Aujla, Donald Trump's, CNBC's Jon Fortt, Goodarzi, he's Organizations: Intuit, Global Business Solutions Group, Small, Washington Post, Government Efficiency, CNBC, Trump Locations: Los Angeles, MailChimp, Thursday's
Comcast to spin off cable networks
  + stars: | 2024-11-21 | by ( Jon Fortt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailComcast to spin off cable networksCNBC's Jon Fortt reports on Comcast's decision to spin off its cable networks.
Persons: Jon Fortt Organizations: Comcast
Silver told Fortt that his current model shows the odds favoring Trump, who holds a 55% to 45% win probability advantage over Harris. Most people no longer even have the landline phones which past election cycle polling history relied on. Why the betting markets may be all 'vibe and chatter'The betting markets show a much bigger edge for Trump, with major wagers placed on Polymarket, Robinhood jumping into the action, and presidential election contracts surging in popularity. Critics have raised concerns that the election betting markets are potentially being manipulated. But Silver, who is a consultant to one of the leading prediction markets, Polymarket, says he wouldn't pay much attention to the betting markets data right now, as they simply may not be very accurate at this moment in the election cycle.
Persons: Nate Silver, Donald Trump, Kamala Harris, Silver, Trump, CNBC's, Jon Fortt, Fortt, Harris, Ken Griffin, Stanley Drunkenmiller, Critics Organizations: New York Times, CNBC Technology, CNBC, Trump, Trump Media Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's behind the latest odds in 2024 presidential election: Nate SilverNate Silver lays out all the reasons he thinks Donald Trump is more likely than Kamala Harris to win the election in an interview with CNBC's Jon Fortt at Tuesday's CNBC Technology Executive Council Summit in New York City.
Persons: Nate Silver Nate Silver, Donald Trump, Kamala Harris, CNBC's Jon Fortt Organizations: CNBC Technology Locations: New York City
As CEO of one of the world's largest industrial conglomerates, Honeywell 's Vimal Kapur doesn't think about AI like most individuals. "There is always a trend which makes your skills obsolete, every five years," Kapur said at the recent CNBC Evolve: AI Opportunity Summit in New York City. The AI opportunity for Honeywell is creating a new labor pool that can learn and work alongside AI and accumulate and deploy institutional knowledge much faster. "The future belongs to companies with 'first-order' data sets," he told CNBC "Closing Bell Overtime" anchor Jon Fortt at the Evolve: AI Opportunity event. "Data and data sets are the next frontier for AI," Delangue said.
Persons: Kapur, It's, it's, Jake Loosararian, Jon Fortt, Clément Delangue, Delangue, Katherine Forrest, Paul, Weiss, Garrison, Honeywell's Kapur Organizations: Honeywell, Labor, Nvidia, Gecko Robotics, CNBC, Amazon, Google Locations: New York City, industrials, Rifkind, Wharton
Building Better: AI and Infrastructure
  + stars: | 2024-10-02 | by ( Jon Fortt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuilding Better: AI and InfrastructureevolThink AI-enabled inspection robots sound too sci-fi to be true? Gecko Robotics CEO and Co-Founder Jake Loosararian tells us how his company deploys them to help organizations maintain and repair critical infrastructure in some of the most hazardous, inaccessible places on earth.
Persons: Jake Loosararian Organizations: Robotics
The rally provides little relief to CEO Pat Gelsinger, who has had a tough run since taking the helm in 2021. Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. That prospect would be more palatable to Wall Street if Intel's core business was at the top of its game. Microsoft CEO Satya Nadella said in February that it would use Intel to produce a chip, but didn't provide details. U.S. President Joe Biden listens to Intel CEO Pat Gelsinger as he attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022.
Persons: Patrick Gelsinger, Brendan Smialowski, Pat Gelsinger, Seth Wenig, Gelsinger, CNBC's Jon Fortt, Intel hasn't, Fortt, Satya Nadella, Joe Biden, Joshua Roberts Organizations: Intel, AFP, Getty, CNBC, Qualcomm, Nvidia, AP, U.S, Taiwan Semiconductor Manufacturing Company, Samsung, Apple, Microsoft, Intel Foundry Locations: Chandler , Arizona, New York, Silicon Valley, Poland, Germany, Malaysian, New Albany , Ohio, U.S
Report: Qualcomm has approached Intel about a takeover
  + stars: | 2024-09-20 | 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 EmailReport: Qualcomm has approached Intel about a takeoverCNBC's Jon Fort joins 'Closing Bell' with some breaking news about Qualcomm and Intel.
Persons: Jon Fort Organizations: Qualcomm, Intel
Intel awarded up to $3b under Chips Act
  + stars: | 2024-09-16 | 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 EmailIntel awarded up to $3b under Chips ActCNBC's Jon Fort joins 'Power Lunch' to report on Intel being awarded up to $3 billion by the Biden Administration under the Chips Act or Secure Enclave Program.
Persons: Jon Fort Organizations: Intel, Biden Administration, Program
Intel having worst day since 1974
  + stars: | 2024-08-02 | 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 EmailIntel having worst day since 1974CNBC's Jon Fortt joins 'The Exchange' to discuss Intel's stock drop due to weaker-than-expected Q2 earnings and revenue.
Persons: Jon Fortt Organizations: Intel
Intel stock on pace for worst day since 1974
  + stars: | 2024-08-02 | 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 EmailIntel stock on pace for worst day since 1974CNBC's Jon Fortt reports on the latest from Intel.
Persons: Jon Fortt Organizations: Intel
AWS CEO Matt Garman breaks down the company's AI strategy
  + stars: | 2024-07-01 | 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 EmailAWS CEO Matt Garman breaks down the company's AI strategyCNBC's Jon Fortt goes one-on-one with AWS' new CEO Matt Garman to discuss the company's plan to implement AI.
Persons: Matt Garman, Jon Fortt Organizations: AWS
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald’s $5 value meal is coming: Here's what you need to knowCNBC's Jon Fortt joins 'Squawk Box' to discuss McDonald's as the company is offering a $5 value meal in June.
Persons: Jon Fortt
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActor Idris Elba on AI content creation: 'You still need human beings behind it'Idris Elba, actor and entrepreneur, joins CNBC's Jon Fortt to talk creating content with AI, building an eco-city off the coast of Sierra Leone, the cross section of technology and storytelling and more.
Persons: Idris Elba, Jon Fortt Locations: Sierra Leone
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia CEO Jensen Huang: We're moving from world of software to producing digital intelligenceNvidia CEO Jensen Huang and ServiceNow CEO Bill McDermott join CNBC's Jon Fortt at the Knowledge 2024 conference to talk the future of AI chipmaking and computing.
Persons: Jensen Huang, Bill McDermott, CNBC's Jon Fortt
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Nvidia's Jensen Huang and ServiceNow's Bill McDermottNvidia CEO Jensen Huang and ServiceNow CEO Bill McDermott join CNBC's Jon Fortt at the Knowledge 2024 conference to talk the future of AI chipmaking and computing.
Persons: Nvidia's Jensen Huang, Bill McDermott, Jensen Huang, CNBC's Jon Fortt
As companies race to deploy artificial intelligence in ways that aim to make them better at operating, hiring, and competing, they're also chasing after top AI talent, including filling the position of chief AI officer. A lot of these companies, Doonan said, "can't really articulate what they want, why they want it, and what are the outcomes that they're looking for." "All I could think is that you could change the word 'cowbell' to 'AI,'" Doonan said. Without that understanding, Doonan said companies are going to hire "somebody really senior and they're going to be doing [data] clean-up for the next two years. Of course, that hasn't stopped companies from wanting to add a chief AI officer to their ranks.
Persons: they're, Mike Doonan, Doonan, CNBC's, Jon Fortt, Christopher Walken, that's, hasn't, LinkedIn's, I've Organizations: CNBC Technology, Alteryx's Enterprise
David Paul Morris | Getty Images News | Getty ImagesThe iPhone could have had an Intel chip inside. It would've made sense to use Intel chips, which ran on the best desktops at the time, including Apple's Macs. Braithwaite, who worked at Intel in the 1980s, said Intel's process engineers were the company's "crown jewels." Intel doesn't have a GPU competitor to Nvidia's AI accelerators, but it has an AI chip called Gaudi 3. For comparison, AMD expects about $2 billion in annual AI chip revenue.
Persons: Pat Gelsinger, Seth Wenig, Gelsinger, Biden, Nicholas Braithwaite, Akshara Bassi, It's, Steve Jobs, David Paul Morris, Apple, Paul Otellini, Walter Isaacson's, Otellini, Isaacson, Jobs, Apple didn't, Apple —, TSMC, Mikako Kitagawa, Joe Biden, Brendan Smialowski, Braithwaite, Gordon Moore, Moore's, Brian Krzanich, 7nm —, TSMC didn't, Jensen Huang, Josh Edelson, OpenAI, Gaudi, Intel's, it's, Bassi, CNBC's Jon Fortt Organizations: Intel, Taiwan Semiconductor Manufacturing Company, Nvidia, Micro Computer, Qualcomm, Broadcom, Texas Instruments, AMD, Apple, Celesta, Meta, Microsoft, Getty, Samsung, Gartner, Asus, AFP, Semiconductor, Engineers, SAP Center, Afp, Companies, Blackwell, Habana Labs, Gaudi, FactSet, U.S Locations: New York, American, U.S, Chandler , Arizona, California, San Jose , California, Taiwan, Columbus , Ohio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel CEO Pat Gelsinger: We expect the foundry business to break even in 2027CNBC's Jon Fortt sits down with Intel CEO Pat Gelsinger at the Council on Foreign Relations to discuss Intel's foundry business, the impact of geopolitical tensions and more.
Persons: Pat Gelsinger, CNBC's Jon Fortt Organizations: Intel, Council, Foreign Relations
Nvidia CEO Jensen Huang speaks to CNBC's Jon Fortt
  + stars: | 2024-02-22 | 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 EmailNvidia CEO Jensen Huang speaks to CNBC's Jon ForttNvidia CEO Jensen Huang joined CNBC's Jon Fortt in an interview Wednesday discussing AI, earnings, chip demand and more.
Persons: Jensen Huang, CNBC's Jon Fortt, Jon Fortt
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA Giant Reborn: Satya Nadella's Decade as Microsoft CEOTen years after he was introduced to the world as Microsoft's next CEO, Satya Nadella has overseen a 10x increase in the stock price and a cultural transformation. Microsoft in 2024 reigns as the world's most valuable company, and its sights are set on continuing to win in the age of artificial intelligence. How did Nadella pull it off? CNBC's Jon Fortt uncovers the history of a leader's unlikely rise with an eye on the challenges ahead.
Persons: Satya Nadella, CNBC's Jon Fortt Organizations: Microsoft
At his startup Log10, Bansal oversees the production of tools that third-party developers can use to build LLM-powered applications. Since the OpenAI drama unfolded, Bansal told CNBC the startup's instability was a reason customers cited. A spokesperson for OpenAI declined to comment but said the startup's services are working again following three hours of issues. One founder of an AI startup, who asked not to be named in order to discuss internal matters, said he uses multiple application program interfaces from OpenAI and has considered switching to offerings from Anthropic, the AI startup founded by former OpenAI executives with backing from Amazon and Google . The source, who previously worked alongside Shear, said Shear is "very smart" and admires his integrity.
Persons: Jaap Arriens, Sam Altman, Arjun Bansal, Bansal, Altman, Emmett Shear, Satya Nadella, OpenAI, Greg Brockman, There's, Shear, he's, Martin Kon, Kon, Anthropic, Srinivas Narayanan, Steven Heidel, Nadella, CNBC's Jon Fortt Organizations: Nurphoto, CNBC, Microsoft, Amazon, Google Locations: OpenAI, LLMs, Anthropic
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSam Altman's ousting seems to have been a 'temper tantrum' by the board: Yale's Jeffrey SonnenfeldJeffrey Sonnenfeld, Yale School of Management, joins CNBC's Jon Fortt for a Special Report surrounding the leadership turmoil at OpenAI, Microsoft's reaction, and more.
Persons: Sam Altman's, Yale's Jeffrey Sonnenfeld Jeffrey Sonnenfeld, Jon Fortt Organizations: Yale School of Management Locations: OpenAI
Microsoft CEO Satya Nadella told CNBC's Jon Fortt on Monday that the governance structure of OpenAI needs to change, three days after the sudden firing CEO Sam Altman. Early Monday morning Nadella said that Altman, Brockman and their colleagues would join Microsoft as part of a new AI research group. That post followed news that ex-Twitch CEO Emmett Shear had been named OpenAI interim head as Altman looked to depart. Nadella told Fortt that Microsoft respects OpenAI's nonprofit roots and shares its belief that AI needs to be developed and rolled out in a safe manner. WATCH: A timeline of the drama between Sam Altman, OpenAI and Microsoft
Persons: Satya Nadella, CNBC's Jon Fortt, Sam Altman, Nadella, Altman, OpenAI, Greg Brockman, Brockman, Emmett Shear, Fortt Organizations: Microsoft, Tiger, Sequoia Capital
Watch CNBC's Special Report: Satya Nadella and the Future of AI
  + stars: | 2023-11-20 | 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 Special Report: Satya Nadella and the Future of AICNBC's Jon Fortt hosts a CNBC special report covering the latest out of the AI space including OpenAI's leadership turmoil, CNBC's interview with Microsoft CEO Satya Nadella, discussions with current players in the AI space and more.
Persons: Satya Nadella, Jon Fortt Organizations: CNBC, Microsoft
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