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☆ FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE
▼ + stars: | 2024-03-25 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted late Friday to a Delaware court. That group is purchasing nearly $500 million worth of Anthropic shares. Multiple sovereign wealth funds were reportedly clamoring for a piece of FTX's Anthropic stake. Jane Street's head of quantitative research, Craig Falls, has also proposed to personally buy around $20 million worth of shares. Should it be approved, the sale would collectively account for nearly two-thirds of FTX's shares in Anthropic.

Persons: Jane Street, Sam Bankman, Fried, Caroline Ellison, Jane Street's, Craig, John Dorsey Organizations: Investment Co, United, United Arab Emirates, CNBC, Alameda Research, Venture, HOF Capital, Ford Foundation, Fidelity Management Locations: Delaware, United Arab, Saudi Arabia, UAE, Craig Falls, Anthropic

☆ Inside Austin's bitcoin underground
▼ + stars: | 2024-03-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Austin's bitcoin undergroundCNBC's MacKenzie Sigalos reports from Austin, one of the country's biggest bitcoin hubs.

Persons: CNBC's MacKenzie Sigalos Locations: Austin

He was tied at 6-under 136 with Kevin Streelman (72), tour rookie Chandler Phillips (68), Brendon Todd (69) and Mackenzie Hughes (68). “There's a reason that so many players rave about this course,” Cink said. Only six shots separated the players sharing the lead to the players making the cut on the number. For Spieth, it was the first time since 2017 that he missed the cut at regular PGA Tour events in consecutive weeks (Players Championship, Byron Nelson). “I get another chance to learn some really great lessons and maybe some hard lessons this week again.”___

Persons: — Stewart Cink, There's, Kevin Streelman, Chandler Phillips, Brendon Todd, Mackenzie Hughes, “, ” Cink, Streelman, Phillips, Justin Thomas, Lucas Glover, ” Thomas, ”, —, — Jordan Spieth, Sam Burns, Brian Harman, Tony Finau, Keegan Bradley, Byron Nelson, Todd, ” Todd, I’m Organizations: PGA, Augusta National, “ Locations: PALM HARBOR, Fla, Innisbrook, British, Arizona, Cologuard, Tucson

CALGARY, Alberta (AP) — Alex Ovechkin scored twice and became the third player in NHL history to have at least 20 goals in 19 consecutive seasons as the Washington Capitals beat the Calgary Flames 5-2 on Monday night. The 38-year-old Ovechkin had two power-play goals in the second period as Washington won its third straight game. He was the spark we needed tonight.”The Capitals have been helped in their playoff chase by a rejuvenated power play. “ ... It’s on the penalty kill guys have to do a better job, myself right up there.”Calgary was 0 for 3 on the power play. For me, that was the difference in the game,” Calgary coach Ryan Huska said.

Persons: — Alex Ovechkin, Ovechkin, Gordie Howe, Brendan Shanahan, ”, Spencer Carbery, “, ” Dylan Strome, Hendrix Lapierre, Tom Wilson, We’re, Kevin Rooney, MacKenzie Weegar, Charlie Lindgren, Dustin Wolf, Wolf, Max Pacioretty, John Carlson, ” Wolf, — Wayne Gretzky, ” Lapierre, we’re, Lapierre ’, —, ” Rooney, It’s, Ryan Huska, ” Jacob Markstrom, ___ Organizations: Washington Capitals, Calgary Flames, Washington, Eastern Conference, Capitals, Calgary, The Flames, Flames, NEXT, Toronto, Vancouver Locations: CALGARY, Alberta, ” Washington, Detroit, Washington, Pacioretty, Calgary

☆ Eva Longoria and Admiral Bill McRaven to receive $100 million Bezos Award
▼ + stars: | 2024-03-14 | by ( Jake Tapper | Ramishah Maruf | ) edition.cnn.com time to read: +3 min

In 2021, the inaugural recipients of the prize were Van Jones, a lawyer and CNN commentator, and chef José Andrés, each of whom received $100 million. They also serve as national spokespeople for the Brain Health Project, which focuses on brain health and brain performance with a concentration on veterans. Longoria, who starred in the television series “Desperate Housewives,” has focused on education and entrepreneurship in Latino communities. The Eva Longoria Foundation aims to connect Latinos and Latinas in lower-income areas with peer mentors, and Longoria has a start-up fund for Latino-owned small businesses. Bezos and Sánchez pledged $100 million to recovery efforts in Maui after the devastating wildfires in 2023, though the donation has come under scrutiny.

Persons: Jeff Bezos, Lauren Sánchez, Bill McRaven, Eva Longoria, Bernard Arnault, Van Jones, José Andrés, Dolly Parton, McRaven, “, Lauren, Jeff, ” McRaven, Longoria, ”, ” Longoria, Bezos, Warren Buffett, Melinda French Gates, Bill Gates, MacKenzie Scott, Sánchez Organizations: New, New York CNN, Amazon, University of Texas, Bloomberg, CNN, Warrior Foundation, Brain Health, “, Fund Locations: New York, Bezos, Maui

☆ All eyes are on AI at SXSW
▼ + stars: | 2024-03-12 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll eyes are on AI at SXSWCNBC’s Mackenzie Sigalos joins 'Power Lunch' to discuss the latest from SXSW including AI applications and the issue of the energy needed to power AI.

Persons: Mackenzie Sigalos Organizations: SXSW

☆ Musk’s haphazard philanthropy is under scrutiny
▼ + stars: | 2024-03-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

As CEO of Tesla, “I’ve done more for the environment than any single human on Earth,” he told the New York Times last year. But American tax law dangles some significant incentives for them to do so. Musk likely managed to shave a couple billion off his $11 billion tax bill in 2021, thanks to the $5.7 billion he donated to the Musk Foundation, according to the Times. In Musk’s case, according to the Times, that meant giving millions of dollars to Cameron County, Texas. “The way I see Elon Musk is that he’s really pushing the limits of the alternative approaches to philanthropy,” Pasic said.

Persons: CNN Business ’, New York CNN — Elon Musk, Tesla, ”, MacKenzie Scott, Jeff Bezos, “, ’, ’ ” Musk, Musk, ” Amir Pasic, Indiana University Lilly, Elon, ” Pasic Organizations: CNN Business, New York CNN, New York Times, Musk, Times, Indiana University, Indiana University Lilly Family School of Philanthropy, SpaceX Locations: New York, Cameron County , Texas

☆ Bitcoin hits new all-time high as crypto fans descend on Austin for SXSW
▼ + stars: | 2024-03-08 | 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 EmailBitcoin hits new all-time high as crypto fans descend on Austin for SXSWCNBC's MacKenzie Sigalos joins 'Last Call' to report on bitcoin's record rise higher from Austin where SXSW kicks off today.

Persons: CNBC's MacKenzie Sigalos Organizations: Austin, SXSW Locations: Austin

☆ Elon Musk is lashing out at MacKenzie Scott, Jeff Bezos' ex, for donating billions to charities for women and minorities
▼ + stars: | 2024-03-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

"'Super rich ex-wives who hate their former spouse' should be listed among 'Reasons that Western Civilization died,'" Musk wrote in an X post referencing Jeff Bezos' ex-wife. Shame on anyone who uses it," Musk wrote on X in January. Unfortunately, a lot of others are getting caught in the crossfire," Musk wrote in an X post at the time. "The hard part is figuring out how to do it in a levered way," Bezos told CNN. In 2021, Musk donated $5.7 billion in Tesla shares to the Musk Foundation, a charity he started with his brother, Kimbal, in 2002.

Persons: —, Elon, MacKenzie, Jeff Bezos, Musk, who'd, Scott, ”, ” — Elon, she's, ahem, Bezos, she'd, Ruth Simmons, Simmons, he's, Kimbal, St Organizations: Service, Business, Republican, Democratic Party, M University, Associated Press, CNN, Musk Foundation, St Jude Children's Research, Bloomberg, Musk, Business Insider Locations: Prairie

☆ Bitcoin resumes rally after hitting a new all-time high
▼ + stars: | 2024-03-06 | by ( Mackenzie Sigalos | ) 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 resumes rally after hitting a new all-time highCNBC's MacKenzie Sigalos reports on factors driving bitcoin's record run higher, including spot ETFs fomenting institutional adoption of the asset class.

Persons: CNBC's MacKenzie Sigalos

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin prices recover after retreating from new record: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Dixon, founder and managing partner of a16z crypto, discusses his new book on blockchain technology, blockchain use cases and Ethereum's next big upgrade from ETHDenver.

Persons: explainers, Chris Dixon Organizations: CNBC Crypto, CNBC Locations: ETHDenver

Microsoft is accusing The New York Times of "unsubstantiated" claims in the publisher's lawsuit filed in December against OpenAI, a case that could have major implications for the future of generative artificial intelligence. In a motion to dismiss part of the suit on Monday, Microsoft said the Times presented a false narrative of "doomsday futurology" in which OpenAI's ChatGPT chatbot will decimate the news business. "In this case, The New York Times uses its might and its megaphone to challenge the latest profound technological advance: the Large Language Model," attorneys for Microsoft wrote. In its lawsuit, the Times accused OpenAI and Microsoft of copyright infringement and abusing the newspaper's intellectual property in training LLMs. A New York Times spokesperson didn't immediately respond to a request for comment.

Persons: Microsoft Corporation Satya Nadella, OpenAI, didn't Organizations: Microsoft Corporation, Economic, Microsoft, New York Times, OpenAI, Times, The New York Times Locations: Davos, Switzerland, OpenAI

☆ Bitcoin is boring and that is its beauty: Neoclassic's Mike Bucella
▼ + stars: | 2024-03-05 | 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 EmailBitcoin is boring and that is its beauty: Neoclassic's Mike BucellaCNBC's Mackenzie Sigalos and Mike Bucella, Neoclassic Capital managing partner, join 'Power Lunch' to discuss the surge in Bitcoin and the state of cryptocurrency.

Persons: Mike Bucella CNBC's Mackenzie Sigalos, Mike Bucella Organizations: Neoclassic Capital Locations: cryptocurrency

☆ Bitcoin price surge and generative AI dominate discourse at Africa Tech Summit
▼ + stars: | 2024-03-04 | by ( Mackenzie Sigalos | ) 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 EmailBitcoin price surge and generative AI dominate discourse at Africa Tech SummitCNBC's MacKenzie Sigalos reports from Nairobi, Kenya, on bitcoin's big upward price swings, how crypto adoption is growing there, and other headlines from the Africa Tech Summit.

Persons: Africa Tech Summit CNBC's MacKenzie Sigalos Organizations: Africa Tech Summit Locations: Nairobi, Kenya

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin inches closer to all-time high as cryptocurrency tests $67,000: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, SEC Commissioner Hester Peirce discusses what needs to change for regulating crypto in the U.S. from ETHDenver.

Persons: explainers, Hester Peirce Organizations: CNBC Crypto, CNBC, SEC Locations: U.S, ETHDenver

☆ Ether surges past $3,600 as thousands descend on ETHDenver 2024
▼ + stars: | 2024-03-04 | 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 EmailEther surges past $3,600 as thousands descend on ETHDenver 2024CNBC's MacKenzie Sigalos reports from ETHDenver on the latest trends in web3 and AI.

Persons: CNBC's MacKenzie Sigalos Locations: ETHDenver

☆ Ether up 50% this year as trader optimism soars over possible spot ether ETF approval
▼ + stars: | 2024-03-01 | 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 EmailEther up 50% this year as trader optimism soars over possible spot ether ETF approvalCNBC's MacKenzie Sigalos reports from EthDenver on the run-up in crypto prices as thousands gather for one of the biggest crypto conferences of the year.

Persons: CNBC's MacKenzie Sigalos Locations: EthDenver

☆ China's economy looks like a mess — but some sectors are quietly doing well in its '2-speed economy'
▼ + stars: | 2024-02-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Meanwhile, its financial markets are bleeding, the property market has gone up in smoke, local government debt appears alarming, and foreign investors are exiting in droves. Real estate — which was a huge part of China's economy — has been hit badly, he said. AdvertisementTravel has picked up after years of pandemic lockdownServices is another pillar of China's economy that Beijing has been trying to build up. AdvertisementThis is in part because new growth industries are not able to take the place of real estate — yet. Because the property market accounts for one-quarter of China's GDP and more than two-thirds of household wealth, its overall drag on China's economy is much greater than whatever is doing well right now.

Persons: —, Rory Green, GlobalData.TS Lombard, AllianceBernstein, John Lin, Lin, Donald Trump's, Louise Loo, Wood Mackenzie, AllianceBerstein's Lin, Nomura, Loo Organizations: Service, Business, Bloomberg TV, Oxford Economics, Nomura, Oxford Locations: China, GlobalData.TS, Real, COVID, Beijing, Europe, Taiwan, South Korea

☆ Coinbase users see $0 balance after crypto-trading app suffers glitch
▼ + stars: | 2024-02-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

The Coinbase and bitcoin logos are displayed on a phone screen in San Anselmo, California, on Feb. 15, 2024. Coinbase 's app suffered from glitches on Wednesday that led many users to see a balance of zero when opening their accounts. "We are aware that some users may see a zero balance across their Coinbase accounts and may experience errors in buying or selling," Coinbase said in a statement to CNBC. Coinbase advised users to check on the system outage at its status page: https://status.coinbase.com/incidents/qlpwww1zsm2yOne user sent a screengrab to CNBC showing a balance of $0.00 in his account. He soon received a notice titled "Site Degraded Performance," informing him that the company was investigating the matter.

Persons: Coinbase, Bitcoin Organizations: CNBC Locations: San Anselmo , California

Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022. While the long-term safety of bitcoin may still be up for debate, Saylor's strategy has been a hugely lucrative one, particularly this week. Add it up and Saylor is about $700 million richer than he was on Sunday. Between Saylor's MicroStrategy control and his bitcoin, his holdings climbed to $2.96 billion in value on Wednesday from $2.27 billion at the start of the week. The company said on Monday that it acquired an additional 3,000 bitcoins for a total of $155 million between Feb. 15 and Feb. 25.

Persons: Michael Saylor, MicroStrategy's Michael Saylor, Saylor, MicroStrategy, Andrew Kang, bitcoin Organizations: MicroStrategy Locations: Miami, bitcoin

☆ Bitcoin firm MicroStrategy pops 27% in two days as company's crypto stake hits $11 billion
▼ + stars: | 2024-02-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

In this article MSTR Follow your favorite stocks CREATE FREE ACCOUNTMicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion. watch nowInvestors have been increasingly bullish on the bitcoin trade following the SEC's approval of multiple spot bitcoin exchange-traded funds last month. "Institutional capital is still getting up to speed with bitcoin ETFs. For example, MicroStrategy has the ability to acquire bitcoin using proceeds from debt and equity issuances, the firm said.

Persons: Michael Saylor, Joe Raedle, MicroStategy, Andrew King, bitcoin, Bitcoin, Ryan Rasmussen, —, MicroStrategy, Cowen, CNBC's Dylan Butts, Ari Levy Organizations: Mana Convention, Getty, Bitwise Asset Management, Research, Benchmark Locations: Wynwood, Miami , Florida, bitcoin, Bitcoin

"Normal people do not use OpenAI's products in this way," OpenAI wrote in the filing. The news outlet's lawsuit, filed in December, seeks to hold Microsoft and OpenAI accountable for billions of dollars in damages. In the past, OpenAI has said it's "impossible" to train top AI models without copyrighted works. "We expect our ongoing negotiations with others to yield additional partnerships soon," OpenAI wrote in the filing. But in the filing, OpenAI says the content is vital to training today's AI models.

Persons: Sam Altman, OpenAI, Altman, Axel Springer, — CNBC's Ryan Browne Organizations: Economic, The New York Times, New York Times, Microsoft, House, Times, Bloomberg, CNN, Fox Corp, CNBC PRO Locations: Davos, Switzerland, Manhattan

☆ Australia women’s goalkeeper jerseys finally go on sale – six months after the World Cup
▼ + stars: | 2024-02-26 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —From this week, soccer fans will be able to buy Australian goalkeeper Mackenzie Arnold’s Nike jersey, more than six months after she wore the purple top at the Women’s World Cup. Arnold kept a tournament-high four clean sheets during the Matildas’ run to the semifinals of last year’s Women’s World Cup, which was co-hosted by Australia and New Zealand. That prompted England shot-stopper Mary Earps to campaign vociferously for the sportswear company to release the women’s goalkeeper jerseys ahead of the tournament. CNN has contacted Nike for comment regarding the release of the Australian goalkeeper jersey. Arnold kept four clean sheets at the Women's World Cup last year.

Persons: Mackenzie Arnold’s Nike, Arnold, ” Arnold, England, Mary Earps, vociferously, Brendon Thorne, Ashley Reade, ’ Organizations: CNN, Football Australia, France, Australia, Nike, Reuters, Nike’s Pacific, Australian, Uzbekistan Locations: Australia, New Zealand, England, US, France, Netherlands, Melbourne, Paris

☆ Block shares surge as much as 14% after company announces surprise profit
▼ + stars: | 2024-02-22 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Block stock rose as much as 14% in extended trading Thursday after the payments company reported fourth-quarter earnings that beat analyst estimates on gross profit and showed strong growth in its Square and Cash App revenue. Revenue: $5.77 billion vs. $5.70 billion expectedBlock posted $2.03 billion in gross profit, up 22% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company's core transactional businesses. Its Cash App business reported $1.18 billion in gross profit, a 25% year-over-year rise. The company, which is run by Jack Dorsey, said its Cash App Card has 23 million monthly actives in December, up 20%.

Persons: Jack Dorsey, Dorsey Organizations: Twitter Inc, Inc, Cash Locations: Miami , Florida

☆ Israel to Set Security Limits on Ramadan Prayers at Jerusalem's Al Aqsa, Netanyahu Says
▼ + stars: | 2024-02-19 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Monday that he had made a "balanced decision" to allow freedom of worship at Jerusalem's Al Aqsa mosque during Ramadan, but that access would be limited according to security needs. Asked about the possibility of blocking access for Israeli Muslims to Al Aqsa, a flashpoint prayer site in Jerusalem's Old City, Netanyahu's office said: "The prime minister made a balanced decision to allow freedom of worship within the security needs determined by professionals." It gave no details. Israel often sets limits on which worshippers can reach the prayer site - for example based on age - in order to avoid violence from erupting at the site, which is part of a compound also holy in Judaism. War in Israel and Gaza View All 209 Images(Reporting by Ari Rabinovitch; Editing by James Mackenzie)

Persons: Benjamin Netanyahu, Ari Rabinovitch, James Mackenzie Locations: JERUSALEM, Jerusalem's Al Aqsa, Al Aqsa, Jerusalem's Old City, Israel, Gaza

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