Economy

An animated avatar generated by the AI video platform Synthesia.SynthesiaSynthesia, a digital media platform that lets users create artificial intelligence-generated videos, has raked in $90 million from investors — including U.S. chip giant Nvidia, the company told CNBC exclusively.The London-based company raised the cash in a funding round led by Accel, an early investor in… […]

Kent Walker speaks at a “Grow with Google” launch event in Cleveland.via Google Google and OpenAI, two U.S. leaders in artificial intelligence, have opposing ideas about how the technology should be regulated by the government, a new filing reveals.Google on Monday submitted a comment in response to the National Telecommunications and Information Administration’s request about how… […]

Djordje Krstic | Istock | Getty ImagesNew government data shows the annual rate of inflation dipped to the lowest level in about two years as of May.But that may be bittersweet news for Social Security beneficiaries, as they may receive a much lower cost-of-living adjustment in 2024 than they did this year.The Social Security COLA… […]

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on September 21, 2022 in Washington, DC.Drew Angerer | Getty ImagesThe Federal Reserve is expected to pause or skip — depending on whichever term you prefer… […]

An electronic stock board displayed inside the Kabuto One building in Tokyo, Japan, on Thursday, June 27, 2024. Bloomberg | Bloomberg | Getty Images Japan’s benchmark indexes nosedived on Friday, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight on recession worries. The Nikkei 225 tumbled 5.81% to end at 35,909.7, marking […]

Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle […]

In an aerial view, the Kayenta Solar Plant is seen on June 23, 2024 in Kayenta, Arizona. Brandon Bell |  Getty Images Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm’s backlog of projects overshadowed its better-than-expected quarterly results. […]

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its […]

Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. On a call with reporters following the […]

Silvio Berlusconi gestures before a 2016 soccer match between his AC Milan and SS Lazio in Milan, Italy.Marco Luzzani | Getty ImagesSilvio Berlusconi, the billionaire media mogul who served as Italian prime minister multiple times between 1994 and 2011, has died. He was 86.Berlusconi died at the San Raffaele Hospital in Milan, according to local… […]