Jordan Novet

San Francisco

Technology Reporter at CNBC

Technology reporter and spreadsheet hoarder @CNBC. Write to me: [email protected]

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Articles

Meta CTO Bosworth says OpenAI countered lucrative job offers to AI startup's employees

1 week ago | cnbc.com | Jordan Novet

Andrew Bosworth, chief technology officer of Meta Platforms Inc., speaks during a Bloomberg Television interview on the sidelines of the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 25, 2024. Meta Platforms Inc. debuted its first pair of augmented reality glasses - devices that show a combined view of the digital and physical worlds, a key step in Chief Executive Officer Mark Zuckerberg's goal of one day offering a hands-free alternative to the smartphone.
Canva expands from design into analytics with acquisition of MagicBrief

1 week ago | cnbc.com | Jordan Novet

From left, Cliff Obrecht, Canva's co-founder and chief operating officer, and George Howes, co-founder and CEO of MagicBrief, pose for a photo at the Cannes Lions festival in Cannes, France, in June 2025. CanvaCanva has grown into a $32 billion startup through its popular design tools used for easily creating images, marketing material and presentations. Now the company, with its 12th acquisition, is buying its way into the analytics market.
OpenAI wins $200 million U.S. defense contract

1 week ago | flipboard.com | Jordan Novet

6 hours agoBuild a Brand That Gets You Noticed—Starting with This One ToolLearn how technology can help entrepreneurs and professionals craft polished, authentic digital identities. In a digital-first world, your first impression rarely happens in person. It happens online — in Google results, on LinkedIn, in your byline.
OpenAI wins $200 million U.S. defense contract

1 week ago | cnbc.com | Jordan Novet

OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025. Justin Sullivan | Getty Images News | Getty ImagesOpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools.
OpenAI wins $200 million U.S. defense contract

1 week ago | share.google | Jordan Novet

The Defense Department has awarded a one-year $200 million contract to OpenAI for the use of its artificial intelligence models. Most of the work will take place in the Washington, D.C. area. In December, OpenAI announced a partnership with defense tech startup Anduril to deploy advanced AI systems for "national security missions."OpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools.
Oracle’s stock on pace for best week since 2001 on cloud momentum

2 weeks ago | nbcchicago.com | Jordan Novet

• Oracle shares popped 24% this week, their best performance since 2001, after the company's earnings report pointed to momentum in its cloud business. • The stock has outperformed all of tech's megacaps so far this year. • CEO Safra Catz gave revenue guidance for the next fiscal year that was well ahead of consensus. Oracle shares are on pace for their best week since 2001 as Wall Street cheers a strong earnings report and bullish comments on the company's prospects in cloud computing.
Oracle shares pop 15% to record high on earnings beat, cloud optimism

2 weeks ago | cnbc.com | Jordan Novet

Larry Ellison, Oracle's co-founder, chief technology officer and chairman, at right, and U.S. President Donald Trump share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan.
Databricks says annualized revenue will reach $3.7 billion by next month

2 weeks ago | cnbc.com | Jordan Novet

Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company's Data and AI Summit in San Francisco on June 11, 2025. Jordan Novet | CNBCDatabricks, a data analytics software vendor, said on Wednesday that it expects to generate $3.7 billion in annualized revenue by July, with year-over-year growth of 50%. CFO Dave Conte delivered the numbers at a briefing for investors and analysts tied to the company's Data and AI Summit in San Francisco on Wednesday.
Oracle shares climb 8% as earnings, revenue top estimates

2 weeks ago | cnbc.com | Jordan Novet

From left, former Fox Corp Executive Chairman Rupert Murdoch and Larry Ellison, Oracle's co-founder, chief technology officer and executive chairman, listen as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House in Washington on Feb. 3, 2025.
Stargate partner Crusoe lands $750 million credit line from Brookfield

2 weeks ago | cnbc.com | Jordan Novet

From left, Cully Cavness, co-founder and operating chief of Crusoe, and Chase Lochmiller, Crusoe's co-founder and CEO, appear at a Kent Denver School event in Englewood, Colo., on April 9, 2025. The two were recognized as distinguished alumni. CrusoeCloud infrastructure startup Crusoe, which is helping to build OpenAI's Stargate data center project in Texas, said Wednesday that it has raised a $750 million credit line from Brookfield Asset Management.