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MatX, a chip startup founded by two former Google hardware engineers, has raised $500 million in Series B led by Situational Awareness, an investment fund founded by Jane Street and former OpenAI researcher Leopold Aschenbrenner. The company’s goal is to make its processors 10x better at training LLM and delivering results than Nvidia’s GPUs. Other investors in the round include Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick Collison and John Collison, startup founder and CEO Reiner Pope announced in a LinkedIn post on Tuesday. The company hasn’t released its latest valuation, but Bloomberg reported last month that MatX’s…

U.S. Army Secretary Pete Hegseth speaks during a visit to Sierra Space, Monday, February 23, 2026, in Louisville, Colorado. Aaron Hontiveros | Denver Post | Getty ImagesDefense Secretary Pete Hegseth told Anthropic he needs to give the military broad access to its artificial intelligence models by Friday night, CNBC confirmed Tuesday. If Anthropic did not comply, Mr. Hegseth threatened to classify the company as a “supply chain risk” or invoke the Defense Production Act, according to a source familiar with the discussions. The people spoke on condition of anonymity because the matter is private. Negotiations between Anthropic and the Pentagon…

Shandi Sullivan became a ‘con artist’America’s Next Top Model Cycle 2 finalist Shandi Sullivan, who had a boyfriend back home, was photographed in bed with a male model who was partying at a contestant’s house in Milan on the March 16, 2004 episode of “The Girl Who Cheat.” Shandy said she felt drunk and passed out on the 2026 Netflix series “Reality Check: Inside America’s Next Top Model” and thought producers should have intervened. “I think after I got out of the bath and what happened after that,” Shandy said on the show. “I think they should have said, well,…

President Donald Trump speaks at an event honoring “angel families” who have lost family members to illegal acts committed by people within their own country at the White House in Washington, February 23, 2026.Evelyn HochsteinReuterPresident Donald Trump plans to call for new tax cuts in his State of the Union address Tuesday night, he said in a pre-speech meeting with news anchors at the White House.Follow CNBC’s live blog covering the State of the UnionCNBC’s Joe Kernen attended the rally and reported on CNBC’s “Power Lunch” that the president plans to advocate for new personal and corporate tax cuts, and…

Tech giants’ efforts to accelerate AI adoption in India may be reaching a tipping point. Companies are ending free promotions in hopes of converting the world’s fourth-largest economy into paying subscribers. According to market intelligence firm Sensor Tower, India will become the world’s largest market for downloads of generated AI apps in 2025, widening the gap with the US with installs increasing 207% year-on-year. Companies like OpenAI, Google, and Perplexity have rolled out extended free premium offers to accelerate user growth in price-sensitive markets. Leading AI companies are also supporting India in its quest to become a global artificial intelligence…

Workday co-founder Anil Bhusri speaks at the Workday Charity Classic at Stanford University Golf Course on August 28, 2024 in Stanford, California.David Paul Morris | Bloomberg | Getty Imagesworking day Shares fell 10% in after-hours trading Tuesday after the human resources and finance software maker reported a downbeat quarterly outlook.Here is the company’s performance compared to the LSEG consensus:Earnings per share: $2.47 adjusted vs. $2.32 expected Revenue: $2.53 billion vs. $2.52 billion expectedWorkday’s revenue increased 14.5% year-over-year in the fiscal fourth quarter ended Jan. 31, according to the announcement. Net income was $145 million, or 55 cents per share, up…

When she became pregnant for the first time, Mindy said she felt she could raise Kit on her own, just as her mother and father had done for her. She writes that she thought, “If my mother can do everything without a whisper of complaint, why can’t I?” But the Office graduate realized she didn’t have a mother nearby to advise her on breastfeeding and other seemingly easy tasks that later proved difficult. So, on the advice of a friend, she hired an infant nurse, which turned out to be one of the best decisions she ever made. “I didn’t…

Let’s check out the companies that are becoming a hot topic for after-hours trading. Lucid Group — The electric vehicle maker’s stock price fell more than 4%. In the fourth quarter, Lucid posted a better-than-expected loss of $3.62 per share, despite higher-than-expected sales. Lucid recently cut its U.S. workforce by 12%. Workday — Shares of Workday fell nearly 10% after the AI-powered workplace platform said it expects first-quarter subscription revenue of $2.34 billion, according to LSEG. This was slightly below the $2.35 billion expected by analysts. The company also reported disappointing non-GAAP operating margin estimates for the first quarter. CoStar…

Amazon logo on the facade of a brick office building with windows, San Francisco, California, August 29, 2025.Smith Collection | Gad | Archive Photos | Getty Imageshead of Amazon’s He is leaving the Institute for General Artificial Intelligence less than two years after joining his startup Adept through a so-called acquisition deal. David Ruan announced his departure in a LinkedIn post on Tuesday, saying he would be leaving the company this weekend “to prepare for something new.” Amazon appointed Luan in December 2024 to oversee the newly formed San Francisco-based AGI Lab. The institute is focused on “long-term research bets,”…

Traders work on the floor of the New York Stock Exchange (NYSE) on February 24, 2026 in New York City, USA.Gina Moon | ReutersStock futures rose slightly on Tuesday night ahead of important earnings reports. Nvidia. futures tied to Dow Jones Industrial Average We had a 27 point lead. S&P500 futures Add 0.1%, Nasdaq 100 futures It rose by about 0.3%.Major stock averages rose on Tuesday as concerns about artificial intelligence disruption in several industries faded. of S&P500 ended the session up nearly 0.8%. Nasdaq Composite It rose by about 1%. 30 shares Dow It increased by 370 points (about…