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A tangled web of AI deals
CNBC· 2025-11-06 17:00
At the center of this web of AI deals are OpenAI, the maker of the widely popular AI chatbot ChatgPT, and Nvidia, a maker of GPUs used to power AI. Just this year, OpenAI alone has made around a trillion worth of AI deals. Let's take a closer look at some of these.In September, OpenAI confirmed that it would pay Oracle $300 billion for computer infrastructure over the course of 5 years. This deal is part of a $500 billion data center buildout project called Stargate to which Japan's SoftBank Group is also c ...
AI, Tariffs And The Unexpected Rise Of Secondhand Fashion
CNBC· 2025-11-05 17:01
Market Trends & Growth - The global secondhand apparel market is expected to reach $367 billion by 2029, growing almost three times faster than the overall global apparel market [3] - The U S secondhand apparel market is expected to reach $74 billion by 2029, growing 9% annually on average [8] - ThredUp reported that revenue grew 34% year-over-year in its third quarter 2025 earnings, with new buyer growth up 54% from the same period last year [12] Consumer Behavior & Preferences - Gen Z shoppers are driving the rise of secondhand fashion, with new shoppers accounting for 60% of all secondhand spending by 2029 and younger generations for nearly 70% [2][20] - Consumers are increasingly turning to resale platforms to save money and earn extra income, viewing resale as just as good as other options like fast fashion and private brands [3][11] - Affordability and sustainability are key values for Gen Z and millennials, making resale an attractive option [19] ThredUp Operations & Performance - ThredUp's warehouse in Suwanee, Georgia can house roughly up to 35 million items [1] - ThredUp processes roughly 40,000 articles of used clothing each day at its Suwanee, Georgia warehouse [1] - ThredUp receives more than 100,000 pieces of clothing every day [1] - ThredUp operates four facilities across the U S, collectively processing hundreds of thousands of secondhand items weekly [6] Impact of Technology & AI - AI tools, like Phia, are making it easier for shoppers to buy secondhand by comparing listings and personalizing results [4][16] - AI is accelerating the adoption of secondhand by providing unlimited search attributes and transforming online shopping [17][18]
The Truth About AI And The Mass Layoffs
CNBC· 2025-11-04 17:00
Between January and September 2025, there have been more than 946,000 job cuts announced, with roughly 300,000 from the government sector. That's the highest since 2020, and it's a 55% increase from what we saw last year through the same time period. It would make sense to think AI is to blame for the layoffs.Now that we've had generative AI come in and kind of change the equation, investors and boards are asking management teams: how are you using AI. Why aren't you using AI. Can AI help you streamline cos ...
Are city-run grocery stores a good idea?
CNBC· 2025-11-03 17:00
I think city funded grocery stores are a good idea where they are needed. We're of a small town. It was a necessity for us.I'm Keith Vanluan. I'm mayor of St. Paul, Kansas.Population 650 people. The store is profitable. It is about 1 to 2% profitability a year.Our workforce, we have two full-time people and 13 to 15 part- timerrs. >> St. Paul Supermarket in St.Paul, Kansas stands out as a successful city-owned grocery store. Just 10 miles away, Erie Market offers a stark contrast, having closed its doors af ...
Why this price tag could bring surge pricing to groceries
CNBC· 2025-11-02 16:01
This is an electronic shelf label or ESL. They display the price of an item in a store using a digital screen instead of paper or plastic. The global electronic shelf label market size was estimated at $1.85% billion in 2024 and is projected to reach $7.54% billion by 2033.>> It's definitely an industry that is looking at significant double-digit year-over-year growth for the foreseeable future. ESLs can already be found at Whole Foods, Amazon Fresh, Kroger, stores in Canada, Europe, and Asia, and more. >> ...
Why Americans won't quit their jobs
CNBC· 2025-10-31 16:01
Labor Market Trends - The US economy has experienced a loss of 1.2 million jobs since April 2024 [1] - The quits rate has decreased to approximately 2% following fluctuations since the pandemic [1] - Employers are hiring at the slowest rate since 2013, excluding the pandemic period [2] - A significant portion, 58%, of US professionals surveyed feel their skills are underutilized in their current roles [3] Employee Sentiment and Engagement - Four out of five employees surveyed indicated they are not thriving at work [3] - There is considerable anxiety regarding the direction of both the economy and the labor market, contributing to job retention [4] - The labor market currently lacks significant churn [3] Company Implications - Companies may be experiencing retention, but this could be masking disengagement among employees [3] Economic Impact - Reduced mobility in the labor market may be slowing down innovation [3]
Why U.S. small businesses are teaching customers how to use stablecoins
CNBC· 2025-10-30 16:01
Company Overview - Prevail Coffee is a specialty coffee brand that operates as a roaster and micro importer with four retail locations [1] - The company has locations in Atlanta (two), Montgomery, and Birmingham [1] Business Model - Prevail Coffee engages in direct trade partnerships with farmers globally to source high-quality specialty coffee [2] Blockchain Integration - The company is exploring blockchain technology to address issues within the global coffee trade and promote global financial inclusion [2][3] - Blockchain is seen as a solution to problems related to financial tools in the developing world [2][3]
How Amazon Opened Its Largest AI Data Center In The World In Just One Year
CNBC· 2025-10-29 14:01
AI Infrastructure Development - Amazon's Project Reineer in Indiana rapidly transformed farmland into a large-scale AI data center in about a year [1][2][8] - The Indiana site will consist of 30 buildings on 1,200 acres, consuming 2.2 gigawatts of electricity [6] - Amazon plans to run over 1 million Tranium 2 chips jointly by the end of the year [3] - Amazon invested $11 billion in the Indiana data center project [10] Technology and Innovation - Amazon is using its own custom Tranium 2 chips and plans to deploy Tranium 3 chips, without relying on NVIDIA GPUs [2][20][44] - Tranium 2 offers 30-40% better price performance than rival GPU instances [22] - Amazon is developing Tranium 3 with Anthropic, focusing on improved performance, latency, and power consumption [31] Economic and Environmental Impact - Indiana granted Amazon over $4 billion in property and technology tax exemptions over 35 years, and state legislation will save Amazon $4 billion more over 50 years [11] - The state anticipates a GDP improvement of over $1 billion and the creation of approximately 1,000 long-term jobs [12] - The 2.2 gigawatt AWS site will consume as much electricity as 1.5 million average homes in the INM service area [36] - INM anticipates peak power demand to more than double from approximately 2.8 gigawatts in 2024 to over 7 gigawatts by 2030 [37] Partnerships and Strategy - Amazon has invested approximately $8 billion in Anthropic as its key AI partner [28] - Anthropic has used AWS as its primary cloud provider since Amazon's first major investment in 2023 [29]
Why Fed Rate Cuts Aren’t Helping Most Americans
CNBC· 2025-10-28 16:02
The Federal Reserve is making loans cheaper. The federal funds rate is currently around 4.11%. By the end of 2026, this rate is expected to fall below 3.5%.Wall Street is excited, but middle class Americans aren't likely to benefit much from this decline in interest rates. Low rate and high liquidity environments benefit the guys who have money in markets, benefit the guys who already have the wealth. The top 0.1%: they have seen their wealth nearly double since 2020 to over $23 trillion.Stocks accounted fo ...
Is AI spending propping up the economy?
CNBC· 2025-10-27 16:00
Global AI spending will top more than $330 billion in 2025 and $500 billion by the end of 2026. And by 2030, it could take about $2 trillion a year to support the infrastructure being built today. That's more than Amazon, Apple, Microsoft, Meta, Nvidia, and Google's parent company, Alphabet, made combined in revenue in 2024.It's the start of trillions being spent in this buildout of the fourth industrial revolution. Big tech right now is doing the equivalent of building Vegas in the 1950s where there was ju ...