Proofpoint to acquire Israeli company Varonis in $6.3 billion cash deal
The transaction will net Varonis shareholders $49.75 per share, a 52% premium to the stock’s closing price in June before initial sales rumors. The deal will take the Nasdaq-listed data security company private and expand Proofpoint’s…
Microsoft AI CEO says new model beats OpenAI by using less compute
Mustafa Suleyman, CEO of Microsoft AI, told employees that an in-house model was better than a similar offering from OpenAI, one of the software giant’s largest customers and partners. “We now have a pre-trained base model that is more powerful…
Roger Penske’s automotive group closes $16.3 billion deal
Roger Penske is moving away from the circuits considerably. Penske Automotive Group, the publicly traded dealership company chaired by the legendary NASCAR team owner, announced Thursday (Oct. 15) that it had agreed to a $16.3 billion deal that would…
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States say OpenAI’s chatbot model violates consumer protection laws
HARRISBURG, Pa. (AP) — At least eight states continue Artificial intelligence giant OpenAI, claiming the company’s popular chatbot model violated state consumer protection laws by harming children and deceiving adults in what prosecutors described…
Above 911? Porsche previews a new mid-engined supercar.
And, as we learned today, a mid-engined supercar. “The Mission S provides a glimpse into the ideas and design features that will shape Porsche in the years to come,” Leiters said. “At the same time, the Mission S represents a mid-engined supersports car…
The global technological collapse is running out of steam
By Jamie McGeever ORLANDO, Fla., Oct 15 (Reuters) – The rout in AI stocks accelerated sharply in Asia on Thursday amid growing fears about the shadowy and circular financing fueling the build-out of the intelligence revolution, even as its strength…
Stock Market Today: Live Updates
Traders work on the floor of the New York Stock Exchange during morning trading October 14, 2026 in New York. Michael M. Santiago | Getty Images S&P 500 futures remained relatively unchanged Thursday after the S&P 500 posted its first winning…
Europe’s EV sales soar as North America falls 44% – here’s the catch
Sales of electric vehicles in Europe just hit a record in September, as global market growth shifts towards Europe and beyond its largest established markets. Nearly 600,000 electric vehicles were sold in Europe in September, up 39% year-on-year,…
CNBC Daily Open: Is the AI sector losing its rosy shine?
Saul Van Beurden, Wells Fargo co-CEO of consumer banking and head of AI and Bret Taylor, co-founder of Sierra and president of OpenAI, speaking at the CNBC AI Forum in Dallas, Texas, October 1, 2026. Carla Thorpe | CNBC Hello, this is Hui Jie writing to…