The Grok AI logo is seen displayed on a smartphone with the Wikipedia logo in the background. Sopa Images | Lightrocket | Getty ImagesElon Musk launched an early version of an AI-powered encyclopedia called ‘Grokipedia’ on Monday, with its website temporarily crashing before coming back online hours later. The new AI service, named after xAI’s large language model Grok, has been promoted by Musk as an improved and less biased version of the popular free and web-based Wikipedia. The Tesla and SpaceX CEO announced last month that he was working on a Wikipedia rival after a suggestion from David Sacks, a fellow…
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Carlos Domingo, chief executive officer of Securitize Inc., speaks during the Messari Mainnet summit in New York, US, on Thursday, Sept. 21, 2023. Photographer: Michael Nagle/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSecuritize, the “real world assets” platform that powers BlackRock’s tokenized money market fund, will go public through a merger with a special purpose acquisition company, CEO Carlos Domingo told CNBC in an exclusive interview.The fintech firm will merge with Cantor Equity Partners II, Inc., a blank-check company sponsored by an affiliate of Cantor Fitzgerald that trades under the CEPT ticker. The deal values Securitize’s business at $1.25…
Cheng Xin | Getty Images News | Getty ImagesUnitedHealth on Tuesday raised its annual profit forecast and said it aims to grow in 2026, in a sign that the turnaround efforts under new CEO Stephen Hemsley were gaining steam.Shares of the company rose over 3% in premarket trading after third-quarter earnings came ahead of Wall Street expectations as the U.S. health insurer kept medical costs in check.Hemsley, who was at the helm of the company from 2006 to 2017, has been working to regain investor and consumer trust in the wake of an unexpected surge in medical costs, a federal…
Citi sees more upside ahead for Gold Fields on top of its already impressive year-to-date rally. The bank initiated the South Africa-headquartered gold miner at a buy rating. Analyst Ephrem Ravi’s $50 price target is about 33% higher than where shares of Gold Fields closed on Monday. The stock has soared more than 184% this year as gold prices surged to record levels above $4,000 per ounce. However, Ravi thinks the miner can build on those strong gains. GFI YTD mountain GFI YTD chart Ravi applauded Gold Fields for being the world’s eighth largest gold producer and having a diversified…
Cheng Xin | Getty Images News | Getty ImagesUnitedHealth on Tuesday raised its annual profit forecast and said it aims to grow in 2026, in a sign that the turnaround efforts under new CEO Stephen Hemsley were gaining steam.Shares of the company rose over 3% in premarket trading after third-quarter earnings came ahead of Wall Street expectations as the U.S. health insurer kept medical costs in check.Hemsley, who was at the helm of the company from 2006 to 2017, has been working to regain investor and consumer trust in the wake of an unexpected surge in medical costs, a federal…
Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | ReutersAlphabet has a high bar to clear when it reports earnings Wednesday.The company’s stock price soared 38% in the third quarter, its best quarterly performance in two decades. It’s continued to rally, climbing 11% so far in October, closing at a record on Monday.With revenue growth stuck in the low teens of late, and expected to come in at 12% next year, investors have recalibrated their expectations after witnessing speedier growth…
A cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on July 28, 2025.CFOTO | Future Publishing | Getty ImagesGlobal trade is not broken, despite the disruption, pressure and shock of trade tariffs introduced by the U.S. this year, the head of the World Trade Organization (WTO) told CNBC Tuesday.”Many people have the impression that, because of the unilateral actions of the U.S., that global trade is broken. Yes [they’ve] been a great disruption — the greatest disruption of global trade in 80 years — but we are pleased to see…
Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalPayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively.Shares of the company jumped 13% in premarket trading on the news.The agreement, sealed over the weekend, means that starting next year, both sides of PayPal’s ecosystem can plug into ChatGPT: PayPal users can purchase items through the AI platform, and its merchants can sell on it, with their inventory listed there, according to PayPal CEO Alex Chriss.”We’ve got hundreds of millions…
UBS predicts another strong quarter for Amazon . The bank maintained its buy rating on the e-commerce giant and lifted its 12-month price target to $279 per share from $271. The new forecast implies upside of 23% from Monday’s close. The target change comes ahead of Amazon’s third-quarter report. Analyst Stephen Ju made made several revisions to his Amazon estimates ahead of the release, including a modest increase to its e-commerce segment due to benefits from higher third-party seller inventory levels. The analyst sees this accompanied by likely margin expansion due to improving unit economics. He also cited the potential…
Microsoft cofounder Bill Gates attends a private dinner for technology and business leaders hosted by U.S. President Donald Trump in the State Dining Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | ReutersMicrosoft co-founder Bill Gates, who wrote a book in 2021 titled, “How to Avoid a Climate Disaster,” now says leaders need to shift their approach to climate change.In a letter published Tuesday ahead of next week’s COP30 U.N. climate summit, Gates argued that too many resources are focused on emissions and the environment, and that more money should go toward “improving lives”…
