Breaking News: Technology
- Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake - The French satellite group has seen its stock fall following a steep hike in March.
- Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
- Marvell to acquire Celestial AI for as much as $5.5 billion - The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business.
- Okta beats third-quarter earnings expectations - Okta said its benefitting from artificial intelligence widespread product adoption
- OpenAI is under pressure as Google, Anthropic gain ground - Sam Altman reportedly sent a memo to his staffers outlining a "code red" effort to improve ChatGPT.
- YouTube's new AI deepfake tracking tool is alarming experts and creators - A YouTube tool that uses creators' biometrics to remove AI-generated videos also allows Google to train its AI models on that sensitive data, experts told CNBC.
- Nvidia-backed $4 billion AI startup announces major London expansion - U.S.-based Luma AI is targeting 200 hires in the U.K. by early 2027 as a wave of North American tech companies eye European growth.
- SoftBank’s Son ‘was crying’ about the firm's need to sell its Nvidia stake - SoftBank Group founder Masayoshi Son has downplayed his firm's decision to dump its Nvidia position, saying he "was crying" to sell the shares.
- Samsung launches its first multi-folding phone as competition from Chinese brands intensifies - Samsung Electronics has announced the launch of its first multi-folding smartphone, as it faces growing pressure to keep up with innovations from competitors.
- Apple names former Microsoft, Google exec to succeed retiring AI chief - Apple's AI chief is stepping down after experts say the company has fallen behind its peers when it comes to investing in AI data centers, chips and models.