People walk in front of the MGM Resorts International Bellagio Resort & Casino in Las Vegas, Nevada, on Tuesday, March 17, 2020.
Joe Buglewicz | Bloomberg via Getty Images
Casino and lodging operator MGM Resorts shut down a number of its computer systems including its website in response to a “cybersecurity issue,” the company said in a social media post Monday.
The initial shutdown impacted nearly every aspect of the casino operator’s business. Reservation systems, booking systems, hotel electronic key card systems, and the casino floors were all apparently impacted by the outage.
The company’s email systems were also apparently taken down in response to the cybersecurity issue, and have not yet come back online.
The company said that as of Monday evening, their casino floors were back online. But the reservation systems that power their thousands of hotel rooms and the booking system that controls reservations for their restaurants are apparently still down, more than a day after the first reports of the incident began to circulate.
MGM operates thousands of hotel rooms across Las Vegas and the United States. Revenue from their hotel rooms in Las Vegas outstrips the revenue directly attributed to their casino operations, according to SEC filings. The company reported Las Vegas rooms revenue of $706.7 million for the quarter ended June 30, compared to casino revenue of $492.2 million for the same period.
“We quickly began an investigation with assistance from leading external cybersecurity experts,” MGM said in a post on X, formerly known as Twitter. “We also notified law enforcement and took prompt action to protect our systems and data, including shutting down certain systems.”
The FBI confirmed that it was aware of the “ongoing” incident but did not provide further information.
MGM shares closed down nearly 2.4% on Monday.
MGM’s website has been replaced by a landing page advising that patrons contact their hotels or casinos directly via phone. It wasn’t immediately clear when the outage started, although some users on social media reported that MGM’s systems were down as early as Sunday night.
The company has had cybersecurity incidents in the past. In 2020, the personal details of more than 10 million MGM visitors were published on a hacking forum. The information was exfiltrated in the summer of 2019, the company said at the time.
The scope of the government response, beyond the FBI involvement, was not immediately clear. The government identified the “commercial facilities sector,” which includes gaming and lodging, as critical infrastructure in 2003.
“A large communications failure or intentional cyberattack could substantially disrupt payments and basic operations, compromise customer and company data privacy, threaten company integrity and reputation, and create large legal and economic burdens,” the Department of Homeland Security warned in a 2015 sector-specific plan.
Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.
The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have “thousands” of vehicles across Europe in the “following years,” the two companies said.
Lyft has had very little presence in Europe until last week when it closed the acquisition of Germany-based ride hailing company FreeNow, which is available in over 150 cities across nine countries, including Ireland, the U.K., Germany and France.
Deployment of the autonomous cars is “pending regulatory approval,” Lyft and Baidu said in a Monday statement. It’s unclear if Lyft will offer Baidu’s robotaxis via the FreeNow app or another product.
The partnership marks a continued push from Baidu to expand its robotaxis to international markets.
Last month, Baidu partnered with Uber to deploy its autonomous cars on the ride-hailing giant’s platform outside the U.S. and mainland China, with a focus on the Middle East and Asia, which will launch later this year. The partnership also covers Europe, though a launch date for the region has not yet been disclosed.
In China, Baidu has been operating its own robotaxi service since 2021 in major cities like Beijing, allowing users to hail an Apollo Go car through the app. Meanwhile, for Lyft, the deal could boost the firm’s presence in the region as it looks to take on rivals like Uber and Bolt.
Autonomous vehicles have become a big focus for ride-hailing companies which have looked to partner with companies that are developing the technology for driverless cars.
Tesla CEO Elon Musk was awarded an interim pay package of 96 million shares of the company over the weekend. The shares would be worth about $29 billion.
The company said in a filing Sunday that the pay package would vest in two years as long as Musk continued as CEO or in another key executive position.
The new award would be forfeited if the legal battle over his 2018 compensation ends with Musk being able to exercise the larger pay package, which was valued at $56 billion.
In January, Chancellor Kathaleen McCormick upheld a prior ruling in the case, Tornetta v. Musk, that the compensation plan was improperly granted. Tesla shareholders approved the pay package in June 2024.
The case is now before the Delaware Supreme Court.
Musk’s 2018 pay package included a set of performance targets for the company, which were all achieved.
The judge called it “the largest potential compensation opportunity ever observed in public markets” in her January decision and said it was 33 times higher than the nearest comparison, which was Musk’s prior compensation package.
Harvey co-founders Winston Weinberg and Gabe Pereyra
Courtesy of Harvey
Artificial intelligence startup Harvey on Monday announced it has reached $100 million in annual recurring revenue, or ARR, just three years after its launch.
Harvey runs an AI-powered legal platform for lawyers at law firms and large corporations. Its technology can help with legal research, drafting and diligence projects, and the company is also building industry-specific use cases.
Winston Weinberg, co-founder and CEO of Harvey, said the startup’s ARR milestone has largely been driven by usage. Harvey has surpassed 500 customers, including CNBC’s parent company, Comcast, and its weekly average users have quadrupled over the past year, the startup said.
“Most of our accounts grow pretty massively,” Weinberg told CNBC. “You’ll sell to a Comcast or to a law firm, and they’ll buy a couple hundred seats, and then they expand that usage pretty quickly.”
Weinberg is a former lawyer, and he co-founded Harvey with his friend and roommate Gabe Pereyra, a former research scientist at Google DeepMind and Meta. The pair launched the company in 2022 after experimenting with OpenAI’s large language model GPT-3, which came out before its viral AI chatbot, ChatGPT.
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The company’s name, Harvey, is partially inspired by one of the main characters in “Suits,” a legal drama TV series, Weinberg said.
Harvey has raised more than $800 million from investors, according to PitchBook, including Kleiner Perkins, Sequoia Capital and the OpenAI Startup Fund. The company also earned a spot on the 2025 CNBC Disruptor 50 list.
“With gen AI, and how fast everything’s moving, you just have to learn how to scale really, really fast,” Weinberg said. “I’d say, like every six months I go through a new scaling experience.”
In the months ahead, Weinberg said Harvey is focused on its global expansion and continuing to build out its team. The startup recently hired Siva Gurumurthy, the former director of engineering at Twitter, as its chief technology officer, and John Haddock, who spent a decade at Stripe, as its chief business officer.
Weinberg said he has learned to appreciate the value of a strong team, especially during periods of rapid growth.
“We’re starting to get to the point where we have really good leadership in place,” Weinberg said. “That just changes your ability to scale to such a massive degree.”
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.