People walk by a YouTube logo as Google celebrates the 20th anniversary of the first video uploaded to YouTube, at the company’s corporate headquarters in San Bruno, California, on April 23, 2025.Josh Edelson | AFP | Getty ImagesYouTube on Wednesday announced a new tool that will allow advertisers to use Google’s Gemini AI model to target ads to viewers when they are most engaged with a video. The artificial intelligence feature, called “Peak Points,” identifies times when videos receive elevated levels of viewer attention and packages ads to be placed after those moments. Peak Points has the potential to enable more…
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The logo for consumer lending firm Capital One Financial Corp. is seen on its headquarters in McLean, Virginia, on Jan. 20. 2023.Win Mcnamee | Getty Images News | Getty ImagesNew York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of “cheating” customers out of millions of dollars in interest payments, just months after the Trump administration’s Consumer Financial Protection Bureau dropped a similar suit against the financial institution.In a complaint filed in Manhattan federal court, James alleged that Capital One marketed its “360 Savings” account as its high-yield savings account, then left those customers in the…
Investors should consider getting bullish on Advanced Micro Devices following a slew of positive headlines surrounding the name, according to Scott Nations, president of Nations Indexes. Nations joined CNBC’s ” Power Lunch ” on Wednesday to discuss this and two more of the trading day’s biggest stock stories, and whether investors should take up or sell shares of those names. Advanced Micro Devices The artificial intelligence chip company gained more than 4% on Wednesday after it said its board of directors approved $6 billion in share buybacks . AMD 1D mountain AMD, 1-day Nations deemed AMD as a “buy,” pointing…
The Microsoft Teams app on a laptop arranged in New York, US, on Tuesday, June 25, 2024. Gabby Jones | Bloomberg | Getty ImagesEU antitrust regulators are set to accept Microsoft’s offer to widen the price differential between the Office product sold with its chat and video app Teams and its software sold without the app, people familiar with the matter said on Wednesday.The move would bring an end to a long-running case triggered by a 2020 complaint by Salesforce-owned Slack, which could have resulted in a hefty antitrust fine for the U.S. tech giant.The European Commission is likely to seek feedback from…
Cisco Chairman and CEO Chuck Robbins speaks at a keynote address at the Cisco Live! conference in Las Vegas on June 7, 2023.Ethan Miller | Getty Images Entertainment | Getty ImagesCisco reported earnings and revenue that topped analysts’ estimates on Wednesday and issued guidance that also exceeded Wall Street’s prediction.Here’s how the company did in comparison with LSEG consensus:Earnings per share: 96 cents adjusted vs. 92 cents expectedRevenue: $14.15 billion vs. $14.08 billion expectedRevenue increased 11% during the quarter, which ended on April 26, from $12.7 billion a year earlier, according to a statement. Net income rose to $2.49 billion, or 62…
Nvidia announced an agreement with Saudi Arabia on Tuesday to develop the kingdom’s artificial intelligence capabilities, a sign of its expanding global strategy.The partnership goes beyond the AI chip leader’s conventional Western collaborations and may serve as a litmus test for future U.S. export policies with nations that keep close ties with both Washington and China.But the chip export landscape just got a little more murky.As Nvidia CEO Jensen Huang was in Saudi Arabia announcing the Blackwell deal, the Trump administration released a new round of AI chip restrictions targeting China.The Commerce Department issued a warning against the use of…
Warren Buffett does a walkthrough of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBCAge isn’t just a number for Warren Buffett after all.The 94-year-old investment legend recently surprised shareholders by announcing his intention to step down as Berkshire Hathaway CEO after an epic 60-year run. The reason behind the decision was the physical effects of aging he has been experiencing, Buffett said in a new interview with The Wall Street Journal.”I didn’t really start getting old, for some strange reason, until I was about 90,” he told the Journal in…
Mike Intrator, co-founder and CEO of CoreWeave, testifies during a U.S. Senate Commerce Committee hearing on artificial intelligence in Washington on May 8, 2025.Brendan Smialowski | Afp | Getty ImagesShares of artificial intelligence infrastructure provider CoreWeave reported better-than-expected revenue on Wednesday in the company’s first earnings release since going public. The stock popped in extended trading. Here’s how CoreWeave did in comparison with LSEG consensus:Earnings per share: Loss of $1.49Revenue: $981.6 million vs. $853 million expectedRevenue soared 420% in the quarter, which ended on March 31, from $188.7 million a year ago, according to a statement. That compares with 737%…
Greenlight Capital’s David Einhorn gave a new investment idea on Wednesday at the Sohn Investment Conference in New York: Lanxess , a German chemical company. “Today, I’m presenting a company where the management has made excellent strategic decisions but the stock has suffered due to a lot of bad luck,” Einhorn said in a cartoon-littered presentation titled “When bad things happen to good people.” The star hedge fund investor noted that Lanxess has shed its highly cyclical commodity businesses and replaced them with more stable, higher-quality specialty chemicals. Lanxess was founded in 2004 after Bayer AG spun off its chemicals…
Jonathan Raa | Nurphoto | Getty ImagesThe Grok chatbot from Elon Musk’s xAI startup is responding to user queries with unrelated comments about the controversial topic of “white genocide” and South Africa.CNBC on Wednesday found numerous instances of Grok discussing the topic in response to unrelated user prompts. Screenshots of examples were also posted by users across X.When an X user asked Grok to fact-check the salary information of Toronto Blue Jays pitcher Max Scherzer, Grok responded with a non-sequitur that touched on Musk’s controversial views about South Africa, where he was born and raised.”The claim of ‘white genocide’ in…
