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OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

OpenAI has dissolved its Superalignment team amid the high-profile departures of both team leaders, Ilya Sutskever and Jan Leike.

GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped

GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.

Here's what has driven the Dow rally to 40,000, and why it could keep going

The Dow Jones Industrial Average passing the 40,000 barrier makes for a nice headline, but market experts do not take much else from the move.

Chinese EV maker Xpeng aims to deliver its first flying car in 2026

Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside.

As Tesla layoffs continue, here are 600 jobs the company cut in California

The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.

No walk-ins allowed: What to know when touring the world’s best wine regions

Appointments are often needed in Europe, but in "New World" regions winemakers employ an open-door approach, allowing visitors to drop in at leisure.

'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars

Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.

Microsoft's Mistral partnership avoids merger probe by British regulators

Mistral, a French AI firm founded in 2023, won a 15 million euro, or $16 million, investment from Microsoft earlier this year.

China pledges $42 billion in a slew of measures to support the struggling property sector

Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments.

Campus protests have called for schools to divest from Israel. Here's how that would actually work

Protesters on campuses nationwide have called on universities to divest from Israel due to the war in Gaza. Here's how divestment would actually work.

Shares of Cartier owner Richemont climb on record full-year sales, new CEO

Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as Asia-Pacific spending waned.

World's top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA championship event

Louisville police arrested Scottie Scheffler ahead of the PGA Championship. The golfer was charged with felony assault on a police officer and reckless driving.

Steve Jobs' former intern reflects on working for the tech mogul: 'I worked 20 yards away from him every day'

Steve Jobs' former intern is now a tech CEO who sold his company to Google. He attributes much of his success to his time working at NeXT.

China consumption slows as retail sales and investment data disappoint

China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.

Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term

India has witnessed signs of democratic backsliding that has become apparent during the Modi era, observers and critics say.

ECB board member reportedly cautions against back-to-back rate cuts, cites 'risk of easing prematurely'

European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid continued inflation risks, according to a Nikkei report.

CNBC's Inside India newsletter: What's next for India's regulators?

One area that has caught regulators' attention is the rapidly growing derivatives market, particularly futures and options trading.

Apple co-founder shares the best strategy his parents used while raising him: I'm 'the same way with my own kids'

Steve Wozniak says he became happier and more successful because his parents taught him to forge his own path and trust his gut.

China is a 'critical' global supplier, full decoupling may be impossible, survey shows

Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade. 

HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake

Ping An last year had supported a shareholder motion to spin off HSBC's Asia business and establish fixed dividends. The motion was eventually defeated.

Gold, silver and platinum's red-hot rally still has further to go, strategists say

Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.

China announces 15-day visa-free stay in select provinces for cruise travelers to boost tourism

Travelers can now stay in China up to 15 days visa-free when entering via cruises, the government announced Wednesday, as part of efforts to woo tourists.

CNBC Daily Open: Dow briefly tops 40,000 for the first time, meme stocks down but not out

JPMorgan Chase CEO Jamie Dimon this week warned policymakers the U.S. needs to address its growing fiscal deficit.

Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says

The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."

Reddit soars after announcing OpenAI deal that allows use of its data for training AI models

OpenAI and Reddit announced a partnership that will allow the ChatGPT maker to train its artificial intelligence models on Reddit content.

Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

Walmart may just be a pit stop for high-income consumers.

India 'very favorable' for IPOs, Peak XV says, as economy and investor sentiment stay strong

India offers a "very favorable" environment for companies to list, said Peak XV Partners.

Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.

Walmart surges to all-time high as earnings beat on high-income shopper, e-commerce gains

Walmart, the nation's largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.

After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation

Figma on Thursday announced a tender offer that will allow current and former employees to sell shares at a valuation of $12.5 billion.


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