Databricks co-founder and CEO Ali Ghodsi.DatabricksOpenAI and Databricks are two of the most highly valued tech startups on the planet. Now they’re working together.Databricks, a data analytics software vendor, said Thursday that it has committed to spending $100 million over multiple years with OpenAI. Databricks is making it easier for customers to connect their data stored in its cloud service with GPT-5, announced in August, and other OpenAI models.OpenAI, which was recently valued by private investors at $500 billion, has become a household name in the years since the launch of its ChatGPT in late 2022. In partnering with Databricks,…
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In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be “unable to to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance.”Starbucks executives had previously said that the company would be slowing new openings in favor of remodeling existing locations this year. The renovated cafes are meant to encourage customers to linger, taking the coffee chain back to its roots as a “third place” for consumers, outside of home and the office.Following Thursday’s announcement, share of Starbucks were roughly flat…
Check out the companies making the biggest moves in premarket trading: Oracle — The database software company fell 3% as worries around the AI trade continue to drag the stock lower. Rothschild & Co Redburn initiated coverage of Oracle with a sell rating, saying the market is “materially” overestimating Oracle’s contracted cloud revenues. It sees a 40% drop ahead for the stock. Intel — Shares moved 2% higher following a Bloomberg report that Intel has approached Apple about investing in the chipmaker. Talks are in the early stages, the report said, citing sources. Transocean — The stock tumbled 15.7% after…
JIMMY KIMMEL LIVE! “Jimmy Kimmel Live!” airs every weeknight at 11:35 p.m. ET and features a diverse lineup of guests that include celebrities, athletes, musical acts, comedians and human interest subjects, along with comedy bits and a house band. Randy Holmes | Disney General Entertainment Content | Getty ImagesA group of Disney investors is demanding access to company records, alleging that the entertainment giant’s handling of late-night host Jimmy Kimmel’s suspension reflected political pressures rather than the best interests of shareholders.In a letter sent Wednesday to CEO Bob Iger, lawyers representing the American Federation of Teachers, AFL-CIO, a federation of labor…
A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty ImagesInitial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger.First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week’s upwardly revised figure and significantly less than the Dow Jones consensus estimate for 235,000, the Labor Department reported Thursday.Continuing claims, which run a…
Former French president Nicolas Sarkozy arrives for the verdict in his trial for illegal campaign financing from Libya for his successful 2007 presidential bid, at the Tribunal de Paris courthouse in Paris, on September 25, 2025. Julien De Rosa | Afp | Getty ImagesFormer French president Nicolas Sarkozy will soon be imprisoned after he was sentenced to five years in jail on Thursday by a court that found him guilty of criminal conspiracy over dealings with Libya, an unprecedented punishment for a leading French political figure.The sentence was harsher than many expected, and a first in modern French political history.…
Nvidia is poised to be a big winner in the AI arms race as dealmaking in the space heats up, which could catapult its stock price to new highs, according to Barclays. The investment bank, which has an overweight rating on shares, raised its price target to $240 from $200. That implies upside of 35.6%. “We see [deals] largely flowing into the NVDA P & L over the next 5+ years, moving numbers materially higher and making this the most attractive name in our space,” analyst Tom O’Malley said in the note to clients dated Thursday. . Nvidia has struck several big…
At the Keeneland September Sale, 56 yearlings fetched at least $1 million, led by a Gun Runner colt who sold for $3.3 million.Courtesy of KeenelandA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Wealthy connoisseurs are investing less in their passions, from art to fine wine. Racehorses, however, are bucking the trend.The Keeneland September Yearling Sale in Kentucky, the largest thoroughbred auction in the world, grossed a record $531.7 million this year, handily beating last year’s $427.9 million.…
Thomas Lohnes | Getty ImagesThe European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company’s practices in software support services.According to the Commission, the investigation will assess “whether SAP may have distorted competition in the aftermarket for maintenance and support services related to an on-premises type of software, licensed by SAP, used for the management of companies’ business operations.”SAP, in a statement on Thursday, said it believed its policies and actions were fully compliant with EU competition rules.”However, we take the issues raised seriously and we are working closely with the EU Commission to…
Real Madrid’s Spanish defender #20 Francisco Garcia fights for the ball with Barcelona’s Spanish forward #19 Lamine Yamal during the Spanish league football match between FC Barcelona and Real Madrid CF at Estadi Olimpic Lluis Companys in Barcelona, on May 11, 2025. Lluis Gene | Afp | Getty ImagesWalmart is bringing its brand to the biggest match in soccer.The nation’s largest retailer plans to announce Thursday a partnership with Spanish soccer league La Liga as it looks to expand its foothold in soccer and capitalize on its growing fandom in the U.S.Under the partnership, Walmart will become the first presenting…
