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Asia-Pacific markets traded mixed on Wednesday after Wall Street fell overnight as investors assessed the latest developments regarding OPEC and a report pointing to weakness in OpenAI.The United Arab Emirates will leave OPEC on May 1, dealing a major blow to the cartels that coordinate production among many of the world’s biggest oil producers, especially those in the Middle East. Optimism for tech stocks took a hit after the Wall Street Journal reported that OpenAI’s revenue and new user growth fell short of the company’s targets. The report added that CFO Sarah Fryer told company executives that she was concerned…
Google added 25 million more paid subscriptions to its services in the past quarter, parent company Alphabet announced in its first-quarter earnings report Wednesday. The company said it now has 350 million paid subscriptions across its services, up from 325 million in Q4 2025, with plans for YouTube and Google One (the company’s cloud storage and subscription service) driving recent growth. The earnings report doesn’t highlight Gemini’s subscriber numbers or monthly active users. But access to Gemini’s advanced features is bundled with Google One plans, and the plans are expanding. The lack of hard numbers may suggest that the Gemini…
Qualcomm shares made a dramatic reversal after the bell on Wednesday, as CEO Cristiano Amon said on an earnings call that the company would begin shipping data center chips to “major hyperscalers” within the calendar year.Shares initially fell as much as 7% after the company announced second-quarter profits beat Wall Street expectations but fell short of future expectations.Amon declined to identify the customers, but said details would be released during Qualcomm’s investor day in June.Although it is far behind giants such as Nvidia In the race for chips to power artificial intelligence, Qualcomm unveiled its own data center chip last…
Khloe Kardashian had doubts about doing her own show with Lamar Odom”Khloe & Lamar” first aired on E! on April 10, 2011, and seemed like a natural spinoff from the mothership “Keeping Up With the Kardashians,” which already spawned “Khloe & Kourtney Take Miami” and “Kourtney & Kim Take New York.” But according to Chloe, now 41, that wasn’t her idea. “Khloe and Lamar were greatly guided by Lamar,” she said in a written statement. “I was really thin. And I also didn’t really want to jeopardize the family brand, which was Keeping Up at the time. I thought there…
A passenger plane sits on the tarmac at Dubai International Airport in Dubai, March 11, 2026. On March 11, as Iran continued its campaign to disrupt oil markets and air and sea traffic, a drone crashed near Dubai airport in or near the Strait of Hormuz, injuring four people.AFP | Getty Images Hello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.Against the backdrop of a fragile ceasefire, the oil market was just beginning to stabilize at a high level. Then came another shock. The United Arab Emirates is planning to withdraw from OPEC.At…
Google Cloud, the enterprise AI solutions company owned by parent company Alphabet, had a successful first quarter, with revenue exceeding $20 billion at one point and a 63% increase over the same period last year. But investors who attended the company’s earnings call expressed concerns about constraints surrounding the business and how Google decides to allocate cloud capacity. The company said cloud growth in the first quarter of 2026 was driven by strong performance from Google Cloud Platform, which grew faster than revenue growth for the entire Google Cloud division. (The cloud division includes a variety of services such as…
Anthropic co-founder and CEO Dario Amodei during the company’s Builders Summit on Monday, February 16, 2026 in Bangalore, India. Samyukta Lakshmi | Bloomberg | Getty ImagesAnthropic has been following OpenAI since announcing ChatGPT in late 2022. Looks like we’ve finally caught up. The artificial intelligence startup, founded five years ago by former OpenAI executives, is in talks with investors to raise money at a valuation of $900 billion, according to people familiar with the matter. No term sheet has been signed and negotiations are ongoing, said the people, who requested anonymity because the talks are private. An Anthropic spokesperson declined…
2. But Lance wasn’t the original fifth member of *NSYNC. That was Jason Galasso. He knew Fatone from his high school choir and received a page out of nowhere from an old friend. Coincidentally, as Galasso explained on his 2019 podcast “Digital Get Down,” he also knew Chasez because he “used to hang out with the stars of The Mickey Mouse Club.” He joined the group after performing Boyz II Men’s “End of the Road.” “I remember thinking, ‘Damn, Justin is young!'” he recalled. “But then I heard him sing and I thought, ‘Wow, no matter how old he is,…
SYDNEY, AUSTRALIA – DECEMBER 6: Pedestrians and shoppers move along George Street on December 6, 2024 in Sydney, Australia. Lisa Marie Williams | Getty Images News | Getty ImagesAustralia’s inflation rate rose to 4.09% in the first quarter compared to the same period last year, the highest level in more than two years.The figure was lower than the 4.2% expected by economists polled by Reuters, but still raised expectations for a rate hike by the Reserve Bank of Australia. Prices rose 1.4% from the previous quarter. Inflation rose to 4.6% in March, mainly due to rising costs of housing, transportation…
Despite the persistent perception that no one actually uses Copilot, Microsoft announced Wednesday that the user base and engagement with the AI tools built into M365 apps like Word, Excel, and Outlook email is growing. M365 Copilot currently has 20 million paid enterprise Copilot seats, Microsoft CEO Satya Nadella said on the company’s quarterly earnings conference call. Nadella said the company has quadrupled the number of companies paying for 50,000 seats or more, noting that Bayer, Johnson & Johnson, Mercedes and Roche have more than 90,000 seats. He pointed to a deal announced earlier this week with Accenture for more…