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Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco on April 9, 2019.

Michael Short | Bloomberg | Getty Images

Google is deepening its push into generative artificial intelligence, introducing features Tuesday that will let users create text in Gmail and Docs using the company’s AI technology.

The company is testing the AI products and making them accessible for a limited number of users of Workspace, which includes Gmail and Google’s productivity tools.

“Whether you’re a busy HR professional who needs to create customized job descriptions, or a parent drafting the invitation for your child’s pirate-themed birthday party, Workspace saves you the time and effort of writing that first version,” Johanna Voolich Wright, vice president of product for Google Workspace, wrote in a blog post. “Simply type a topic you’d like to write about, and a draft will instantly be generated for you.”

Generative AI has been the hottest topic in tech this year after San Francisco startup OpenAI introduced the ChatGPT chatbot in November and watched it quickly go viral. ChatGPT lets users ask a question or make a request and responds with answers that are surprisingly sophisticated and creative. The top technology companies are now rushing to work similar capabilities into their own products.

With Google’s test, a user can go to a text box in an email and type “draft an email to the team.” The application will spit out a three-paragraph thank-you note that the user can edit, elaborate upon or turn into a bulleted list. The user can also ask the program to try again.

Google boasts more than 3 billion users of Workspace. That includes consumers and companies, which pay for subscriptions.

Google’s top rival in the market is Microsoft 365, the productivity bundle that, until October 2022, was called Office 365. Microsoft, a major investor in OpenAI, will discuss AI and productivity software at an online event hosted on LinkedIn on Thursday.

A Google spokesperson told CNBC that the company is giving early access to the new features to consumers as well as some business and education users. The company didn’t say when it will release the capabilities broadly, nor did it say if the extra features will be included in existing packages or cost extra.

Google said that later this year it plans to bring out additional AI features to Workspace, including formula generation in Sheets, automatically generated images in Slides and note-taking in Meet.

The company recently instituted a “code red” alert for employees to respond to ChatGPT. Last month, Google said it will add AI features to its dominant internet search engine. Separately on Tuesday, Google Cloud CEO Thomas Kurian said the company has started testing a service for building corporate chatbots. The cloud business includes Workspace.

“We’re so excited by the potential of generative AI, and the opportunities it will unlock,” Kurian wrote in a blog post. Kurian said the technology will help people express themselves, enable developers to build new kinds of software, and change how people interact businesses and governments.

WATCH: Google could have a second-mover advantage with its chatbot tech, says Big Technology’s Alex Kantrowitz

Google could have a second-mover advantage with its chatbot tech, says Big Technology's Alex Kantrowitz

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Circle shares fall after stablecoin issuer says it will offer 10 million shares

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Circle shares fall after stablecoin issuer says it will offer 10 million shares

Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025.

NYSE

Circle Internet Group stock tumbled more than 5% in extended trading Tuesday after it said it would offer 10 million Class A shares to the public.

Of the total stock being offered, 2 million shares will be offered by Circle. The remaining 8 million shares will be sold by stockholders.

The stablecoin issuer’s shares have soared more than 450% since it went public on June 5.

As part of the offering, Circle is offering its underwriters a 30-day option to buy an additional 1.5 million shares.

Circle shares closed Tuesday up 1.3% after the company reporting its first quarterly results as a publicly traded company. While charges tied to its IPO weighed on its second-quarter results and led to a loss of $4.48 per share, it saw revenue rise 53% on the back of strong stablecoin growth.

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CoreWeave shares drop even as revenue tops estimates

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CoreWeave shares drop even as revenue tops estimates

Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025.

Michael M. Santiago | Getty Images News | Getty Images

CoreWeave shares fell about 6% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure beat estimates for second-quarter revenue

Here’s how the company did in comparison with LSEG consensus:

  • Earnings per share: Loss of 21 cents
  • Revenue: $1.21 billion vs. $1.08 billion expected

Revenue more than tripled from $395.4 million a year earlier, CoreWeave said in a statement. The company registered a $290.5 million net loss, compared with a $323 million loss in second quarter of 2024. CoreWeave’s earnings per share figure wasn’t immediately comparable with estimates from LSEG.

CoreWeave’s operating margin shrank to 2% from 20% a year ago due primarily to $145 million in stock-based compensation costs. This is CoreWeave’s second quarter of full financial results as a public company following its IPO in March.

CoreWeave pointed to an expansion in business with OpenAI, a major client and investor. Also during the quarter, CoreWeave acquired Weights and Biases, a startup with software for monitoring AI models, for $1.4 billion.

In May, management touted 420% revenue growth, alongside widening losses and nearly $9 billion in debt. The stock still doubled anyway over the course of the next month.

CoreWeave shares became available on Nasdaq at the end of the first quarter, after the company sold 37.5 shares at $40 each, yielding $1.5 billion in proceeds. As of Tuesday’s close, the stock was trading at $148.75 for a market cap of over $72 billion.

A CoreWeave data center project with up to 250 megawatts of capacity is set to be delivered in 2026, the company said in the statement.

Executives will discuss the results and issue guidance on a conference call starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

WATCH: Citi’s Tyler Radke’s bullish call on CoreWeave, upgraded to buy

Citi's Tyler Radke's bullish call on CoreWeave, upgraded to buy

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White House says it’s working out legality of Nvidia and AMD China chip deals

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White House says it's working out legality of Nvidia and AMD China chip deals

U.S. President Donald Trump (L) invites Nvidia CEO Jensen Huang to speak in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.

Andrew Harnik | Getty Images

The Trump administration is still working out the details of its 15% export tax on Nvidia and AMD and could bring deals of this kind to more companies, the White House’s Karoline Leavitt said Tuesday.

“Right now it stands with these two companies. Perhaps it could expand in the future to other companies,” said Leavitt, the White House’s spokesperson.

“The legality of it, the mechanics of it, is still being ironed out by the Department of Commerce, and I would defer you to them for any further details on how it will actually be implemented,” she continued.

President Donald Trump confirmed on Monday that he had negotiated a deal with Nvidia in which the U.S. government approves export licenses for the China-specific H20 AI chip in exchange for a 15% cut of revenue. Advanced Micro Devices also got licenses approved in exchange for a proportion of its China sales, the White House confirmed.

“I said, ‘If I’m going to do that, I want you to pay us as a country something, because I’m giving you a release,'” Trump said Monday.

“We follow rules the U.S. government sets for our participation in worldwide markets,” Nvidia said in a statement this week.

Trump said the export licenses for AMD and Nvidia were a done deal. But lawyers and experts who follow trade have warned that Trump’s deal may be complicated because of existing laws that regulate how the government can charge fees for export licenses.

The Commerce Department didn’t immediately return a request for comment.

The H20 is Nvidia’s Chinese-specific chip that is slowed down on purpose to comply with U.S. export relations. It’s related to the H100 and H200 chips that are used in the U.S., and was introduced after the Biden administration implemented export controls on artificial intelligence chips in 2023.

Earlier this year, Nvidia said that it was on track to sell more than $8 billion worth of H20 chips in a single quarter before the Trump administration in April said that it would require a license to export the chip.

Trump signaled in July that he was likely to approve export licenses for the chip after Nvidia CEO Jensen Huang visited the White House.

The U.S. regulates AI chips like those made by Nvidia for national security reasons, saying that they could be used by the Chinese government to leapfrog U.S. capabilities in AI, or they could be used by the Chinese military or linked groups.

The Chinese government has been encouraging local companies in recent weeks to avoid using Nvidia’s H20 chips for any government or national security-related work, Bloomberg reported on Tuesday.

WATCH: Access to Nvidia’s H20 won’t hand China an AI advantage: Analyst

Access to Nvidia's H20 won't hand China an AI advantage: Analyst

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