Tesla robotics development rival Apptronik announced a $350 million Series A funding round Thursday morning to scale the production of artificial intelligence-powered humanoid robots.The funding round was co-led by B Capital and Capital Factory, and included backing from Google, CEO Jeff Cardenas said in an exclusive Squawk Box interview Thursday.Apptronik, a Texas-based robotics developer founded in 2016, previously raised $28 million and is currently working on deploying what the company calls a “groundbreaking” humanoid robot designed for industrial work named Apollo.Jeff Cardenas, Apptronik Apollo and Yemi A.D. at the Featured Session: Robotic Renaissance: The Dawn of Humanoid Innovation as part…
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French President Emmanuel Macron (Centre L) and Indian Prime Minister Narendra Modi (Centre R) attend a visit at the ITER (International Thermonuclear Experimental Reactor) in Saint-Paul-les-Durance, near Marseille southern France, on February 12, 2025. (Photo by Laurent Cipriani / POOL / AFP) (Photo by LAURENT CIPRIANI/POOL/AFP via Getty Images) Laurent Cipriani | Afp | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storySaint-Paul-lez-Durance is a small town of…
Robinhood shares surged on Thursday after the financial services platform’s latest quarterly results soared past earnings estimates, prompting analysts to grow more bullish on the stock. Shares gained more than 10% on Thursday. Robinhood said it earned $916 million, or $1.01 per share, on revenue of $1.01 billion in the fourth quarter. That’s way above the 42 cents per share in earnings and $945.8 million in revenue that analysts polled by FactSet were anticipating in the period. HOOD 1D mountain HOOD, 1-day In an earnings call with analysts, CEO Vlad Tenev noted that this was the first time Robinhood’s quarterly…
Piotr Swat | Lightrocket | Getty ImagesShares of Applovin ripped more than 30% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets.The ad tech company said on its earnings call it was divesting its apps business, as the company aims to move into other verticals for their AI-powered AXON advertising software like fintech, insurance and automotive.Analysts at Wolfe praised the sale of the apps segment, saying the company’s financials “gets cleaner at a time when its growth outlook gets better” while raising their price target to $550 from $490.”We believe the…
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty ImagesReddit shares dropped more than 6% Thursday after the social media company fell short of Wall Street’s user estimates in the fourth quarter.The company reported a 39% rise in global daily active uniques from a year ago to 101.7 million, below the Wall Street estimate of 103.1 million.In a letter to shareholders, CEO Steve Huffman said that Reddit experienced some “volatility” in…
President Volodymyr Zelensky of Ukraine was already facing a daunting week as foreign officials gathered in Europe for talks about his country’s future.The Trump administration was demanding $500 billion in Ukrainian mineral rights, it canceled Ukraine’s exemption from U.S. tariffs on steel, and a leading American skeptic of military assistance for Kyiv, Vice President JD Vance, was on his way to Europe for a meeting with the Ukrainian leader.But on Wednesday, things went from bad to worse. Mr. Trump’s defense secretary delivered a harsh assessment of Ukraine’s prospects in its war with Russia. Then Mr. Trump announced that he had…
A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing.The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared to the Dow Jones estimate for 0.3%, the Bureau of Labor Statistics reported Thursday.Excluding food and energy, core PPI was up 0.3%, in line with the forecast.Stock market futures moved higher following the release while Treasury yields were sharply lower, despite the higher-than-expected headline number. Wall Street strategists cited details of the report…
U.S. President Donald Trump reads about tariffs on steel and aluminum, as Howard Lutnick stands in the background, in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | ReutersPresident Donald Trump set an Oval Office news conference on his plan to impose reciprocal tariffs on other countries for Thursday at 1 p.m. ET.Trump’s all-caps post on Truth Social announcing the presser offered no details about the plan, which remains opaque.In another post earlier Thursday, Trump hyped up the forthcoming tariffs, writing, “TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!!”Read more CNBC politics coverageThis is developing…
Chainalysis said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimatesBoonchai Wedmakawand | Moment | Getty ImagesCrypto fraud revenue is estimated to have hit record levels last year amid a surge in so-called romance scams as cybercriminals leverage artificial intelligence and become more organized, blockchain research firm Chainalysis warns.In a report released Thursday, the firm said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimates. It predicts 2024’s figure to grow to a record of $12.4 billion as Chainalysis identifies more scam…
Members of the emergency services work at the scene where a car drove into a crowd in the southern German city of Munich on February 13, 2025 leaving several people injured, police said.Michaela Stache | Afp | Getty ImagesMUNICH— German police said Thursday that at least 28 people were injured when a car plowed into a crowd in the city of Munich in what officials called a “suspected attack.”The incident came the day before a major security conference attended by world leaders was set to begin. Vice President JD Vance is among those due to address the conference.The United States Secret Service told…
