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Technology

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Hope to catch OpenAI, Anthropic in the ‘coming year’

TazaPulseJune 17, 2026

Amazon‘s top artificial intelligence executive told CNBC on Wednesday that he hopes the company will be able to compete with OpenAI and Anthropic on frontier models in the “coming year” after falling behind the two leading labs. “I think it’s a fair narrative that our models haven’t been at the very frontier for the very...

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‘Commercially useful’ quantum computers in 5-7 years

TazaPulseJune 17, 2026

The first “commercially useful” quantum computer will be available in the next five-to-seven years, Amazon‘s top artificial intelligence executive told CNBC on Wednesday. Peter DeSantis, who is a few months into his role leading a new Amazon organization focused on AI models, chips and quantum computing, said the technology will then grow in a similar...

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Allbirds stock soars after name change and CEO hire in AI pivot

TazaPulseJune 17, 2026

Sign on facade at shoe company Allbirds, Walnut Creek, California, August 25, 2025. Smith Collection | Archive Photos | Getty Images Allbirds is among the latest crop of companies pivoting to AI in a bid to capitalize on the burgeoning tech boom set off by ChatGPT’s debut in late 2022. A day after Allbirds’ rebrand,...

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Anthropic asked for regulation. Washington went much further

TazaPulseJune 17, 2026

Anthropic’s longstanding push for regulation is coming back to bite it. The artificial intelligence company, now valued at close to $1 trillion, has spent years touting its dedication to safety. But for the second time this year, Anthropic has found itself caught in the Trump administration’s crosshairs, this time out of concern for the safety...

5 things to know before the stock market opens Wednesday

TazaPulseJune 17, 2026

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Before we hear from Federal Reserve Chairman Kevin Warsh at his post-decision news conference this afternoon, President Donald Trump is set to hold his own press conference at the G7 summit this morning. S&P 500 futures are little changed this...

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AI in spotlight at G7 as Trump, world leaders joined by tech chiefs

TazaPulseJune 17, 2026

Chiefs of the world’s leading AI companies are descending on the G7 conference in France Wednesday, in a sign of their growing geopolitical influence as artificial intelligence rises to the top of the global agenda. CEOs including OpenAI’s Sam Altman, Anthropic’s Dario Amodei, Google DeepMind’s Demis Hassabis, alongside around a dozen other tech leaders, will...

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AI credit markets at risk of ‘violent’ correction, Man Group says

TazaPulseJune 17, 2026

The rapid increase in bond issuance by artificial intelligence and hyperscaler companies will require strong vigilance around investment choices, according to fund firm Man Group . “Public market credit investors in the AI space face an uncomfortable asymmetry: they bear meaningful exposure to execution risk and buildout delays, yet receive none of the equity upside...

Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk

TazaPulseJune 17, 2026

CNBC’s Jim Cramer said Tuesday that investors flocking to SpaceX are betting on Elon Musk’s ability to create transformative businesses — not the company’s current earnings power. “The stock is called SpaceX, but it might as well be called Elon Musk,” the “Mad Money” host said. SpaceX has quickly become one of the world’s most...

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Anthropic’s Fable shutdown is a big moment for open-source AI

TazaPulseJune 17, 2026

In this photo illustration, the Anthropic logo is seen on a smartphone with a Claude Mythos logo in the background. Sopa Images | Lightrocket | Getty Images Anthropic’s suspension of its top AI models late last week drove home a hard truth for the companies that were counting on them: access can be cut off...

Intel begins production of 18A-P, inches closer to possible Apple deal

TazaPulseJune 17, 2026

Intel CEO Lip-Bu Tan attends the annual Computex trade show in Taipei, Taiwan, June 2, 2026. Tsai Hsin-han | Reuters Intel has begun production of its most-advanced chip node, bringing the company one step closer to a possible deal to make some chips for Apple devices. Intel announced it’s making the new chip node, 18A-P,...