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Duolingo stock plunges 25%, its worst session ever, as company prioritizes user growth
CEO and co-founder Luis von Ahn told CNBC that the company has shifted its investment strategy in recent months to focus on long-term initiatives.
Snap stock jumps 9% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
Microsoft forms superintelligence team under AI chief Suleyman 'to serve humanity'
The MAI Superintelligence Team will pursue research for improving artificial intelligence companions, diagnosing diseases and generating renewable energy.
Sam Altman says OpenAI will top $20 billion in annualized revenue this year, hundreds of billions by 2030
OpenAI has inked more than $1.4 trillion of infrastructure deals, raising questions about how it will pay for those commitments.
Apple's AI roadmap looks brighter — plus, Costco delivers upbeat sales numbers
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
OpenAI CFO Sarah Friar says company isn't seeking government backstop, clarifying prior comment
OpenAI CFO Sarah Friar said in a LinkedIn post that the artificial intelligence company is not seeking a government backstop for its infrastructure commitments.
Meta reportedly projected 10% of 2024 sales came from scam, fraud ads
Meta projected that about $16 billion in 2024 revenue came from running ads for scams and banned goods, according to a Thursday report from Reuters.
Trump AI czar Sacks says 'no federal bailout for AI' after OpenAI CFO's comments
Sacks' comments came after OpenAI CFO Sarah Friar mentioned a federal "backstop" during a conference.
AI startup Metropolis, biggest parking lot network in U.S., raises $1.6 billion for major retail expansion
Metropolis, which uses AI, computer vision for payments, raised $1.6 billion in equity and debt for a big retail push at gas stations, drive-thrus, and hotels.
Matthew McConaughey, Ryan Reynolds-backed password manager tops $400 million in ARR on AI tail winds
Canadian cybersecurity startup 1Password has surpassed $400 million in annual recurring revenue.
Tariffs in doubt, Musk's pay plan, shutdown flight reductions and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Google's rolling out its most powerful AI chip, taking aim at Nvidia with custom silicon
Google says Ironwood, the seventh generation of its Tensor Processing Unit, is more than four times faster than its predecessor chip.
Elon Musk expected to prevail in Tesla shareholder vote over CEO's $1 trillion pay plan
After Tesla 's annual shareholders meeting on Thursday, the company is expected to disclose results of the vote on CEO Elon Musk's pay plan.
Nvidia's Jensen Huang softens his ‘China will win the AI race’ remark to FT
Nvidia CEO Jensen Huang reportedly told the Financial Times that "China is going to win the AI race," before releasing a notably softer statement soon after.
Snap shares rocket 15% on strong forecast, $400 million Perplexity deal
Perplexity AI will pay the social media company $400 million over 1 year to integrate the AI startup's search features into Snapchat in 2026, Snap said.
Lucid misses Wall Street expectations, narrows production guidance
Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia's Public Investment Fund.
Figma delivers strong forecast as AI draws in more customers
People are signing up for Figma to use its Make tool for generating app designs with artificial intelligence, CEO Dylan Figma said.
Doordash stock sinks 9% as company misses earnings, says it expects further spending
The food delivery platform said it expects to spend "several hundred million dollars" on new initiatives and development in 2026.
Robinhood doubles revenue as it beats third-quarter earnings expectations
CFO Jason Warnick said prediction markets and Bitstamp are generating about $100 million or more in annualized revenues.
Qualcomm reports earnings, revenue beat and issues strong forecast
Qualcomm is trying to prove that it has a role in the artificial intelligence boom, which to date has been dominated by Nvidia.
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