Snap sued by New Mexico over Snapchat kid sextortion

Snap sued by New Mexico over Snapchat kid sextortion

Scott Olson | Getty Images The New Mexico attorney general has filed a lawsuit against Snap, alleging that the design and algorithmic recommendations of its social media app Snapchat “openly foster and promote illicit sexual material involving children and facilitate sextortion and the trafficking of children, drugs, and guns.” The suit calls Snapchat “a breeding … Read more

OpenAI gives artists access to Sora for New York gallery exhibit

OpenAI gives artists access to Sora for New York gallery exhibit

OpenAI announced Friday a New York City art gallery collaboration that gives artists access to unreleased artificial intelligence tools. The exhibit, a series called “Strada Nuova: New Road” on view at Strada Gallery will run for three weeks and centers on a “diverse group of artists [that] is curated to consist of brilliant researchers, academics, … Read more

Stock market news for September 6, 2024

Stock market news for September 6, 2024

Traders work on the floor at the New York Stock Exchange on Aug. 30, 2024. Brendan McDermid | Reuters The S&P 500 dropped Friday, notching its worst week since March 2023, as investors assessed the fallout from a weak August jobs report and ditched leading technology stocks. The broad index slid 1.73% to settle at … Read more

Top 10 people most likely to reach trillionaire status

Top 10 people most likely to reach trillionaire status

Combination showing Elon Musk (L), Gautam Adani (C), and Jensen Huang (R) Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. On Sept. 29, 1916, newspapers across the country announced a wealth … Read more

AI craze getting funded by tech giants, distorting traditional VCs

AI craze getting funded by tech giants, distorting traditional VCs

Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Almost three years into a largely dormant IPO cycle, venture capitalists are in … Read more

Google second antitrust trial advertising model

Google second antitrust trial advertising model

A pedestrian passes by the Google office in New York City on Jan. 25, 2023. Leonardo Munoz | View Press | Getty Images A month after losing a landmark antitrust case brought by the Department of Justice, Google is headed back to court to face off for a second time against federal prosecutors. In August, … Read more

AI gadgets have been a bust so far. Apple aims to change that

AI gadgets have been a bust so far. Apple aims to change that

Jaque Silva | SOPA Images | Lightrocket | Getty Images In late 2022, OpenAI’s launch of ChatGPT spurred an explosion of interest in the possibilities for artificial intelligence. Within months, some of the biggest tech companies in the world, including Microsoft, Meta and Google, joined the party, launching their own AI chatbots and generative AI … Read more

Cord cutters getting political ad blitz as campaigns flood Roku, Hulu

Cord cutters getting political ad blitz as campaigns flood Roku, Hulu

Vice President Kamala Harris, left, and former President Donald Trump Reuters Consumers who cut their cable cord in recent years are finding that there’s one thing about linear TV they can’t escape: political ads. With the U.S. presidential election less than 70 days away, campaigns are swarming streaming services like Roku and Hulu to such … Read more

Nvidia’s earnings report shows problem of being priced for perfection

Nvidia’s earnings report shows problem of being priced for perfection

Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Justin Sullivan | Getty Images Nvidia reported its fourth-straight quarter of triple-digit revenue growth on Wednesday, sailing past estimates on the top and bottom line while also issuing a … Read more

Stock Markets: Everyone’s waiting for Nvidia

Stock Markets: Everyone’s waiting for Nvidia

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more