Microsoft CEO Satya Nadella, right, speaks with OpenAI CEO Sam Altman at OpenAI’s Dev Day in San Francisco on Nov. 6, 2023.Hayden Field | CNBCOpenAI CEO Sam Altman suggested on Tuesday that the relationship between his company and Microsoft is going strong.Altman posted a picture with Microsoft CEO Satya Nadella on social media site X, and wrote that the “next phase” of their partnership is “gonna be much better than anyone is ready for!!” Nadella responded to the post, saying he is “looking forward to all that’s ahead!”The alliance between the companies has been riddled with tension of late, and…
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A photograph taken on April 23, 2024 shows a view of the new Louis Vuitton luxury shop belonging to French luxury group LVMH Moet Hennessy Louis Vuitton SA, on the Champs Elysee avenue in Paris.Julien De Rosa | Afp | Getty ImagesShares of LVMH dropped 5% on Wednesday after slightly better-than-expected annual results from the world’s largest luxury company threw doubt over a broader recovery in the luxury sector.The owner of brands including Louis Vuitton, Moët & Chandon and Hennessy posted revenues of 84.68 billion euros ($88.27 billion) for 2024, exceeding the 84.38 billion euros forecast by LSEG analysts and equating to…
Many people were feared to have been killed early Wednesday after millions of Hindu pilgrims at the Maha Kumbh Mela, a huge festival in the Indian city of Prayagraj, rushed to bathe in holy river waters on what is considered one of the most auspicious dates in the Hindu calendar.As pilgrims rushed to the confluence of the Ganges and Yamuna rivers, which Hindus consider sacred, thousands of people who were sleeping on the river banks were trampled, safety barricades broke and fences were pulled down, government officials said. Others were trying to escape after bathing, adding to the chaos.Videos and…
A print copy of “The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom” purchased on Amazon.CNBCThe mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any involvement in the book despite being listed as its publisher.CNBC began raising questions last month about the authenticity of “The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom,” a purported collection of letters by John D. Rockefeller Sr. sold on Amazon, Barnes & Noble and other sites.The mysterious origin of “The 38 Letters” raises a…
The Vietnam War ended half a century ago, but American weapons from that era continue to kill people to this day. Unexploded bombs rained down by American troops are littered across large swaths of Vietnam and neighboring Cambodia and Laos. They have killed tens of thousands and maimed many more since the fighting ended.People have been working to clear out these bombs for decades, but experts say it may take another 100 years to finish the job. Parts of the region are also strewn with land mines laid during other conflicts. The United States is a big part of the…
The White House on Monday ordered a pause on federal grants and loans, according to a memo, but the Department of Education said the freeze will not affect student loans or financial aid for college.The freeze, which could affect billions of dollars in aid, noted an exception for Social Security and Medicare. The pause “does not include assistance provided directly to individuals,” according to the memo.The pause gives the White House time to review government funding for causes that don’t fit with President Donald Trump’s policy agenda, according to Matthew J. Vaeth, acting director of the White House Office of Management…
A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.Peter Boer | Bloomberg | Getty ImagesDutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter.Here’s how ASML did versus LSEG consensus estimates for the fourth quarter:Net sales: 9.26 billion euros versus 9.07 billion euros expected.Net profit: 2.69 billion euros versus 2.64 billion euros expected.ASML suffered losses during a global tech sell-off earlier in the week after Chinese startup DeepSeek’s low-cost AI application triggered questions over competitiveness and U.S. leadership in the sector.This breaking…
Sony headphones are displayed at a Best Buy store on December 17, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesSony Group President Hiroki Totoki will add the CEO role from April 1, while incumbent Chairman and CEO Kenichiro Yoshida will remain as chairman, the entertainment and technology conglomerate said on Wednesday.The moves cement the leadership position of Totoki, who assumed the president’s post in 2023 and has also served as finance chief of the company.Sony, once famous for its consumer electronics such as the Walkman, is aiming to strengthen its position in entertainment, with Yoshida credited with helping to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email’Fast Money’ is live from Miami with Brad Gerstner, Altimeter Capital founder, chairman, and CEO, to talk all things AI, including, Nvidia and China’s DeepSeek.04:33Tue, Jan 28 20255:19 PM EST Source link
In a Tuesday interview with CNBC’s Jim Cramer, Nucor CEO Leon Topalian expressed optimism about what President Donald Trump’s tariff policies mean for the U.S. steel industry.”We saw the memo last Monday on tariffs and what they’re going to do,” Topalian said. “And I think they’re going to be far reaching, and I think they’re going to be very broad to, again, stop the illegal dumping, the manipulation, currency manipulation and subsidization of steels coming into the shores of the U.S.”He referenced actions during Trump’s first term, when the administration imposed a 25% tariff on steel imports, meant to curb…
