Hugh Son

Articles by Hugh Son

Credit card issuer Synchrony partners with OpenAI for ChatGPT shopping - CNBC

Business August 18, 2026

Synchrony Financial, the credit card issuer for brands including Amazon, Walmart and Lowe's, is working with OpenAI to allow shoppers to buy products directly inside ChatGPT using their store cards. οΏ½...

Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China - cnbc.com

Business August 12, 2026

Jensen Huang built the world's most valuable company by pioneering the specialized computer chips behind the artificial intelligence boom. To keep his vision for the future within reach, the Nvidia οΏ½...

Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push - CNBC

Business August 11, 2026

Nvidia is attempting to turn its artificial intelligence chips into Wall Street's newest asset class, partnering with six large asset managers on a $500 billion financing push designed to treat compuοΏ½...

Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks - CNBC

Business August 1, 2026

Clear Street, the prime brokerage startup that recently shelved plans for its own IPO, is now aiming to give investors access to some of Silicon Valley's hottest private companies before they go publοΏ½...

How Leopold Aschenbrenner built a $45 billion AI hedge fund β€” and lost most of it in days - CNBC

Business August 1, 2026

Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a sprawling, 165-page essay that became required reading in Silicon Valley, the formeοΏ½...

Visa is cutting 7% of employees in efficiency push as AI reshapes work - CNBC

Business July 29, 2026

Visa, which runs the world's largest payments network, plans to cut about 7% of its workforce as CEO Ryan McInerney moves to streamline the company and invest more in growth areas, according to a memοΏ½...

Moody's says 'unprecedented' AI spending threatens credit quality of Amazon, Meta, Alphabet and others - CNBC

Business July 26, 2026

Sundar Pichai, CEO of Alphabet, Satya Nadella, CEO of Microsoft, Andy Jassy, CEO of Amazon and Mark Zuckerberg, CEO of Meta. The race to build artificial intelligence infrastructure at a trillion-doοΏ½...

Goldman Sachs creates private markets platform as rich investors seek the next SpaceX and Stripe - CNBC

Business July 22, 2026

A SpaceX Flacon 9 rocket lifts off from Space Launch Complex 40 on June 8, 2026, in Cape Canaveral Space Force Station, Florida. Goldman Sachs has created a new platform to expand its offerings for οΏ½...

Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices - CNBC

Business July 22, 2026

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 Institute of International Finance annual membership meeting in Washington, Oct. 16, 2025. JPMorgan Chase CEOοΏ½...

Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion - CNBC

Business July 17, 2026

Sen. Elizabeth Warren, D-Mass., said Thursday that the Trump administration's overhaul of the Consumer Financial Protection Bureau has cost Americans up to $26.5 billion so far, the latest DemocraticοΏ½...