Technology
- Oracle stock dips 5% on report Blue Owl Capital won't back $10 billion data center - The cloud company later said the project was moving forward and "on schedule," but that Blue Owl was not part of equity talks.
- OpenAI in talks with Amazon about investment that could exceed $10 billion - OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed.
- Shares of Chinese chipmaker MetaX soar nearly 700% in blockbuster Shanghai debut - Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared nearly 700% after raising nearly $600 million in its initial public offering.
- Hyperscaler AI spending could slow down if Oracle shows 'discipline' - CNBC's Jim Cramer on Tuesday opined on massive AI spending that has hurt tech stocks.
- Tesla stock hits record as Wall Street rallies around robotaxi hype despite slow EV sales - Wall Street's bullishness on Tesla has returned after the stock had its worst performance since 2022 in the first quarter of the year.
- Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon - Slope, an AI lending platform backed by JPMorgan Chase, told CNBC exclusively that it is launching a partnership with Amazon's independent sellers.
- U.S. halts UK tech trade deal negotiations, FT reports - The 'technology prosperity deal' is aimed at increasing collaboration between the countries on tech like AI, nuclear fusion and quantum
- The AI chip shortage could raise smartphone prices — new research spells out by how much - The average selling price of smartphones in 2026 is expected to rise 6.9%, Counterpoint Research said.
- PayPal applies to form bank that can offer small business loans and savings accounts - PayPal has applications pending with the state of Utah and the Federal Deposit Insurance Corporation to establish PayPal Bank.
- Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin - Tesla CEO Elon Musk said in a social media post that his company is testing driverless cars in Austin without a safety driver in the vehicle.