China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firms have reported record revenue last year driven by AI demand, a shortage of memory chips and U.S. export restrictions that have pushed Beijing to bolster its homegrown tech industry. Analysts and the companies themselves…
The progress of Chinese tech companies across the entire stack is “remarkable,” OpenAI’s Sam Altman told CNBC. Altman’s comments come as China races against the U.S. to develop artificial general intelligence (AGI) — where AI matches human capabilities — and roll out the technology across society. The pace of technological advance in “many fields,” including…
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg…
Check out the companies making the biggest moves in midday trading: F5 — Shares of the cybersecurity firm fell more than 3% after it disclosed a nation-state actor gained access to its systems. The company said the breach hasn’t hurt its operations. Progressive — The insurer’s stock tumbled about 8% after reporting disappointing results. Progressive…
My top 10 things to watch Wednesday, Oct. 15 1. Bank of America’s better-than-expected earnings report this morning showed a level of charge-offs that is incredibly low. Club name Wells Fargo yesterday also set aside less money for losses. Nobody else seems to be warning about lurking bad corporate loans. Is JPMorgan the outlier here?…
Traders work on the floor of the New York Stock Exchange (NYSE) on October 13, 2025, in New York City. Spencer Platt | Getty Images U.S. stock futures were little changed on Tuesday night, following a volatile session for stocks, as traders digested the latest developments in the U.S.-China trade war. Futures tied to the…
Traders watch as U.S. President Donald Trump greets Russian President Vladimir Putin, as they meet to negotiate for an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on the floor at the New York Stock Exchange in New York City, U.S., August 15, 2025. Brendan McDermid | Reuters This is…
European markets are expected to open mixed on Wednesday, as investors monitor the U.S. government shutdown. London’s FTSE 100 is expected to open flat, according to IG, while the French CAC 40 is expected to open 0.2% higher and Germany’s DAX index is slated to open 0.2% lower. Stocks are picking up from a positive…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Tuesday and what’s on the radar for Wednesday’s session. Stocks climb ahead of shutdown…
Nurphoto | Nurphoto | Getty Images Major global semiconductor stocks rose on Tuesday after Nvidia announced plans to invest $100 billion in OpenAI. The deal between Nvidia and OpenAI is on a large scale. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, which is equivalent to 4 million and 5…