Author: Daniel snow

Andrew Bosworth, chief technology officer of Meta Platforms Inc., speaks during a Bloomberg Television interview on the sidelines of the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. Meta Platforms Inc. debuted its first pair of augmented reality glasses – devices that show a combined view of the digital and physical worlds, a key step in Chief Executive Officer Mark Zuckerberg’s goal of one day offering a hands-free alternative to the smartphone.David Paul Morris | Bloomberg | Getty ImagesOpenAI CEO Sam Altman said on a podcast this week that Meta has dangled $100 million signing…

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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 was modestly lower Friday as investors mull over the latest news from the Israel-Iran conflict and consider the Federal Reserve’s next monetary policy move. Fed Governor Christopher Waller said that policymakers could lower interest rates as early as July. “That would be my view, whether the committee would go along with it or not,” Waller told CNBC Friday morning. Meanwhile, shares of chip stocks —…

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Omar Marques | Lightrocket | Getty ImagesEther ETFs have finally come to life this year after some started to fear they may be becoming zombie funds.Collectively, the funds tracking the price of spot ether are on pace for their sixth consecutive week of inflows and eight positive week in the last nine, according to SoSoValue.The second largest cryptocurrency has become more attractive to institutions in recent weeks largely due to recent regulatory momentum in the U.S. around stablecoins – many of which run on the Ethereum network – the successful IPO of Circle, the issuer of the second-largest stablecoin; and…

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Meta approached artificial intelligence startup Perplexity AI about a potential takeover bid before ultimately investing $14.3 billion into Scale AI, CNBC confirmed on Friday.The two companies did not finalize a deal, and Perplexity ultimately walked away from the discussions, according to a source familiar with the matter who asked not to be named because of the confidential nature of the negotiations.Bloomberg earlier reported the talks between Meta and Perplexity. Perplexity declined to comment. Meta did not immediately respond to CNBC’s request for comment.Meta’s attempt to purchase Perplexity serves as the latest example of Mark Zuckerberg’s aggressive push to bolster his…

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