Apple shares fall as OpenAI deal sparks Elon Musk’s iPhone threat

CUPERTINO, CALIFORNIA – JUNE 05: Apple CEO Tim Cook stands next to the new Apple Vision Pro headset … [+] will be shown during the Apple Worldwide Developers Conference on June 5, 2023 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC23 developer conference by announcing the new Apple Vision Pro mixed … Read more

Apple shares fall in premarket as Wall Street remains lukewarm on company’s AI vision and Musk quashes OpenAI iPhone plans

Topline Shares of Apple fell in premarket trading Tuesday after the company debuted “Apple Intelligence” to much fanfare at its annual WWDC event, a highly anticipated insight into the tech giant’s vision for artificial intelligence that includes a long-rumored partnership with ChatGPT maker OpenAI confirms and wrath of Tesla billionaire Elon Musk. Apple CEO Tim … Read more

Apple shares reach $3 trillion valuation as AI iPhone hype increases

Topline Apple posted its highest share price this year on Wall Street fanfare over the Silicon Valley titan’s artificial intelligence potential ahead of next week’s Worldwide Developers Conference, as investors eagerly await what some see as the next big event to hit the declining iPhone sales will drive. Apple CEO Tim Cook AFP via Getty … Read more

Chaos on the New York Stock Exchange with ‘technical problem’

By Isabelle Stanley for Dailymail.Com and Reuters 3:37 PM June 3, 2024, updated 5:25 PM June 3, 2024 About 60 stocks were affected by the technical glitch Some listed prices plummeted by 99 percent, while others saw small declines The New York Stock Exchange has resolved a ‘technical problem’ that caused tens of billions of … Read more

VCs are selling shares of popular AI companies like Anthropic and xAI to retail investors in a wild SPV market | TechCrunch

Illustration of AI and xAI

VCs are clamoring for investments in “hot AI” companies, willing to pay exorbitant stock prices for coveted spots on their cap tables. Yet most are completely unable to make such deals. Yet small, unknown investors, including family offices and high-net-worth individuals, have found their own way to grab shares of the hottest private startups like … Read more

Saudi Arabia will sell $12 billion worth of Aramco shares

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Saudi Arabia is selling about $12 billion worth of shares in its national oil company Saudi Aramco as the kingdom seeks more capital for its sovereign wealth fund. The Saudi government will sell at least … Read more

CNBC Daily Open: Nvidia shares rise on AI boom

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In this photo illustration, the Nvidia logo appears on a smartphone screen and in the background. Rafael Henrique | SOPA images | Light rocket | Getty Images This report is from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open updates investors with everything they need to know, wherever they are. … Read more

Employees of fintech giant Revolut will make money from the sale of shares worth $500 million

Revolut, Britain’s most valuable fintech, is lining up Morgan Stanley to coordinate a sale of up to £400 million worth of shares in the company, Sky News understands. By means of Mark Kleinman, city editor @MarkKleinmanSky Saturday May 18, 2024 12:19 PM, UK Bosses at Revolut, Britain’s biggest fintech, are drawing up plans to allow … Read more