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BurnBot RX burns unwanted vegetation without emitting plumes of smoke.

Lora Kolodny for CNBC

Last year’s record heat wave worsened drought and dry conditions across the globe, a particularly calamitous situation for California, which has seen 13 of the state’s 20 most destructive wildfires in history break out since 2017.

In South San Francisco, a small startup is working on a high-tech approach to wildfire prevention.

Anukool Lakhina and Waleed “Lee” Haddad founded BurnBot in 2022 to develop robotics and remote-controlled vehicles that can munch up and burn away invasive plants or other dry vegetation that can fuel fires if left fallow.

BurnBot has just raised a $20 million funding round led by climate-focused ReGen Ventures, for expansion, hiring, and to develop new machines that can traverse steeper hills and get into tighter spaces.

Before BurnBot, firefighters and land owners had to use expensive, time-consuming and more dangerous options like grazing away the vegetation (typically with goats), burning it, applying herbicides or removing vegetation mechanically with a mix of equipment and manual labor.

“The sort of traditional way to do a prescribed burn is with drip torches, and that requires a large number of people,” said Lakhina, BurnBot’s CEO. “A drip torch is like a diesel watering can. You go around, you drop diesel, then ignite it.”

Burnbot’s current model, the RX, is a remote-operated vehicle that looks a cross between an oversized Zamboni and a steel cooking range with a set of fire extinguishers strapped to its back. Like other agricultural and construction equipment, the RX rolls forward on tank-like tracks and wheels, which enable it to maneuver through rough fields.

Within the chambers of the RX are several rows of torches that emit blue flames, and adjust the heat levels precisely to zap away unwanted vegetation or other fuels on the ground below. The chambers of the BurnBot RX also trap and torch away the smoke that comes from burning vegetation, so it doesn’t pollute the air in surrounding communities. When the torching is done, the RX sprays water repeatedly to extinguish any remaining embers.

Inside the chambers of the BurnBot RX torches are lit to do the work of a prescribed burn.

Lora Kolodny for CNBC

Lakhina said BurnBot’s systems can be put to use where traditional controlled burns won’t work. For example, drip torch burns produce a good deal of smoke, which is conductive enough it would interfere with the proper functioning of power lines or high-voltage equipment. BurnBot’s machines can be used even under power lines.

The company is aiming to make every person who works in fire prevention 10 times more effective than they were with old methods, Lakhina said.

Haddad, BurnBot’s chief technology officer, noted that land isn’t always ready to “receive fire” in a prescribed burn. So the company has programmed equipment, which it procures from another supplier, to roll ahead of the RX to crunch up the vegetation in an area of concern before it’s ready for torching.

BurnBot plans to conduct a prescribed burn this Friday in San Diego, a project for CalTrans, the state’s transportation agency. It also plans for another burn for Pacific Gas & Electric, the state’s major utility, in June.

PG&E spends upward of $1 billion on “vegetation management” each year. Kevin Johnson, who leads the company’s Wildfire Resilience Partnerships, said PG&E is always “looking for opportunities to do this work safer, faster, cheaper and to be more environmentally friendly.”  

BurnBot has already completed one demonstration of its controlled burn machine underneath PG&E transmission lines.

Brice Muenzer, a battalion chief with CalFire in Monterey, California, said massive fires in the state and throughout the U.S. over the past decade have been partly caused and certainly exacerbated by overzealous elimination of smaller fires, including ritual fires from indigenous communities.

“We removed fire from the ecosystem for the last 150 years and are living through that reality now,” the chief said.

CalFire has worked with BurnBot personnel, machines and additional drones overhead, to create what’s known as a control line in the field in at least one location. Muenzer says the group hopes to do more with the startup.

Creating a control line, or blacklining the land, involves firefighters strategically burning areas when the weather is calm and where flames can be controlled to create scars that will block other fires from jumping in and reaching areas with lots of new material to burn.

BurnBot cofounders (L-R) CTO Waleed “Lee” Haddad and CEO Anukool Lakhina

Lora Kolodny for CNBC

BurnBot aims to eventually expand its operations beyond California, with offices and fleets of its machines wherever vegetation management is needed and wildfire risk is highest.

“There are 50 million acres that the U.S. Forest Service has said need treatment every year and that’s just forest land,” said Lakhina. In the U.S. there are 237 million acres that need treatment overall. And grazing can cost $1,000 an acre.”

Childrens’ health is at stake along with property and healthy forests, Lakhina added. According to the Harvard School of Public Health, wildfire smoke can be more toxic than air pollution from other sources, leading to more emergency room visits, especially for children who are exposed.

Because BurnBot offers greater precision than grazing, herbicides and mechanical removal, its systems should prove ecologically more beneficial as well, Haddad said. The BurnBot RX is able to help prevent the spread of seeds from invasive species, for example, without causing any of those species to develop resistance to an herbicide.

ReGen was joined in BurnBot’s funding round by investors including AmFam Ventures, which is the venture arm of an insurance company, Toyota Ventures, and earlier backers including robotics fund Pathbreaker, Convective Capital and Chris Sacca’s Lowercarbon Capital.

WATCH: Revisiting Maui six months after devastating wildfires

Revisiting Maui six months after devastating wildfires

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CrowdStrike shares drop on weak revenue guidance

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CrowdStrike shares drop on weak revenue guidance

George Kurtz, chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.

Patrick T. Fallon | Bloomberg | Getty Images

CrowdStrike shares fell 7% in extended trading on Tuesday after the security software maker issued a weaker-than-expected revenue forecast.

Here’s how the company did against LSEG consensus:

  • Earnings per share: 73 cents, adjusted vs. 65 cents expected
  • Revenue: $1.10 billion vs. $1.10 billion expected

Revenue increased by nearly 20% in the fiscal first quarter, which ended on April 30, according to a statement. The company registered a net loss of $110.2 million, or 44 cents per share, compared with net income of $42.8 million, or 17 cents per share, in the same quarter last year.

Costs rose in sales and marketing as well as in research and development and administration, partly because of a broad software outage last summer.

For the current quarter, CrowdStrike called for 82 cents to 84 cents in adjusted earnings per share on $1.14 billion to $1.15 million in revenue. Analysts polled by LSEG were expecting 81 cents per share and $1.16 billion in revenue.

CrowdStrike bumped up its guidance for full-year earnings but maintained its expectation for revenue. The company now sees $3.44 to $3.56 in adjusted earnings per share, with $4.74 billion to $4.81 billion in revenue. The LSEG consensus was $3.43 per share and $4.77 billion in revenue. The earnings guidance provided in March was $3.33 to $3.45 in adjusted earnings per share.

Also on Tuesday, CrowdStrike said it had earmarked $1 billion for share buybacks.

“Today’s announced share repurchase reflects our confidence in CrowdStrike’s future and unwavering mission of stopping breaches,” CEO George Kurtz said in the statement.

As of Tuesday’s close, the stock was up 43% so far in 2025, while the S&P 500 index had gained less than 2%.

Executives will discuss the results on a conference call with analysts starting at 5 p.m. ET.

WATCH: Trade Tracker: Malcolm Ethridge buys more CrowdStrike, Palo Alto Networks, Spotify and Oracle

Trade Tracker: Malcolm Ethridge buys more CrowdStrike, Palo Alto Networks, Spotify and Oracle

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Nvidia tops Microsoft, regains most valuable company title for first time since January

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Nvidia tops Microsoft, regains most valuable company title for first time since January

Nvidia CEO Jensen Huang speaks as he visits Lawrence Berkeley National Lab to announce a U.S. supercomputer to be powered by Nvidia’s forthcoming Vera Rubin chips, in Berkeley, California, U.S., May 29, 2025.

Manuel Orbegozo | Reuters

Nvidia passed Microsoft in market cap on Tuesday, once again becoming the most valuable publicly traded company in the world.

Shares of the artificial intelligence chipmaker rose about 3% on Tuesday to $141.40, and the stock has surged nearly 24% in the past month as Nvidia’s growth has persisted even through export control and tariff concerns.

The company now has a $3.45 trillion market cap. Microsoft closed Tuesday with a $3.44 trillion market cap.

Nvidia has been trading places with Apple and Microsoft at the top of the market cap ranks since last June. The last time Nvidia was the most-valuable company was on Jan. 24.

Nvidia and other chip named boosted markets Tuesday. Broadcom rose by 3%, and Micron Technology gained 4%. The VanEck Semiconductor ETF, which tracks a basket of chip stocks, gained 2%.

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Last week, Nvidia reported 96 cents in adjusted earnings per share on $44.06 billion in sales in its fiscal first quarter. That represented 69% growth from the year-ago period, an incredible growth rate for a company as large as Nvidia.

Nvidia’s growth has been fueled by its AI chips, which are used by companies like OpenAI to develop software like ChatGPT.

Companies including Microsoft, Meta, Google, Amazon, Oracle, and xAI have been purchasing Nvidia’s AI accelerators in massive quantities to build ever-larger clusters of computers for advanced AI work.

Nvidia was founded in 1993 to produce chips for playing 3D games, but in recent years, it has taken off as scientists and researchers found that the same Nvidia chip designs that could render computer graphics were ideal for the kind of parallel processing needed for AI.

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Nvidia’s Jensen Huang says Nintendo Switch 2 has dedicated AI processors

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Nvidia's Jensen Huang says Nintendo Switch 2 has dedicated AI processors

An attendee wearing a cow costume while playing Mario Kart World by Nintendo Switch 2 during the Nintendo Switch 2 Experience at the Excel London international exhibition and convention centre in London on April 11, 2025.

Isabel Infantes | Reuters

Nvidia CEO Jensen Huang on Tuesday talked up the capabilities of Nintendo‘s new Switch 2, days before the long-awaited console is set to hit store shelves.

In a video posted by Nintendo, Huang called the chip inside the Switch 2 “unlike anything we’ve built before.”

“It brings together three breakthroughs: The most advanced graphics ever in a mobile device, full hardware ray tracing, high dynamic range for brighter highlights and deeper shadows, and an architecture that supports backward compatibility,” Huang said.

He added that the console has dedicated artificial intelligence processors to “sharpen, animate and enhance gameplay in real time.”

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Huang’s comments come as Nintendo prepares to release the Switch 2 on Thursday. The Switch 2 is Nintendo’s first new console in eight years, and it is expected to be a bigger and faster version of its predecessor. The device costs $449.99.

Huang also paid tribute to the vision of former Nintendo CEO Satoru Iwata, who died before the original Switch was released.

“Switch 2 is more than a new console,” Huang said. “It’s a new chapter worthy of Iwata Son’s vision.”

WATCH: Nintendo expects to sell 15 million units of the Switch 2

Nintendo expects to sell 15 million units of the Switch 2

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