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Simone Biles competes on the uneven bars prior to the Senior Women’s competition of the U.S. Gymnastics Championships at Dickies Arena on June 06, 2021 in Fort Worth, Texas.
Jamie Squire | Getty Images

NBCUniversal, the parent company of CNBC, announced Monday it will show more than 7,000 hours of content from the Tokyo Olympics across its networks and streaming platforms.

Historically, the Summer Olympics has been a massive draw for viewers. In 2016, the two-week event attracted an average of 27.5 million viewers across all NBC platforms, and delivered 3.3 billion minutes of streaming video. The 2012 Games in London attracted roughly 31 million viewers, and the 2008 Beijing Olympics averaged 27 million viewers.

This year’s spectacle, which was postponed from 2020 because of the Covid pandemic, runs from July 23 to Aug. 8, with NBC’s broadcast network anchoring prime-time events. The games will include 41 sporting events, including new competitions such as baseball, softball, skateboarding, surfing and karate.

NBC will show popular competitions, including the USA men’s basketball team’s chase for a 16th gold medal, women’s basketball, women’s soccer, swimming and gymnastics featuring USA champion Simone Biles. More than 5,000 hours will stream on NBColympics.com

In addition, cable sports network NBCSN will broadcast more than 440 hours and USA Network more than 380 hours on USA Network. The Olympic Channel will show Team USA competitions, including wrestling and tennis. The Golf Channel will show golf events, and Telemundo Deportes will air competitions in Spanish language.

CNBC will show more than 100 hours of competitions during its prime-time programming hours, including diving, beach volleyball, rowing, water polo and rugby. The network has aired Olympic games since 2000. 

People have their photographs taken next to the Olympic Rings on June 03, 2021 in Tokyo, Japan. Tokyo 2020 president Seiko Hashimoto has stated that she is 100 percent certain that the Olympics will go ahead despite widespread public opposition as Japan grapples with a fourth wave of coronavirus.
Yuichi Yamazaki | Getty Images

In a statement, Molly Solomon, NBC Olympics production president, said coverage around the Tokyo Olympics would be “unprecedented” and will showcase “once-in-a-generation athletes and storylines that will capture the incredible uniqueness of these Games and our times.”

In 2014, NBC and the International Olympic Committee agreed to a $7.75 billion media rights deal to extend their partnership. The current agreement runs through the 2032 Olympics and allows NBC to leverage the 2024 event in France and the 2028 Games in Los Angeles.

There has been opposition about holding the event this year as Covid continues to impact countries. The IOC has inserted intense pandemic protocols for the games, including testing athletes at least every four days. Spectators from outside of Japan will not be allowed to attend competitions.

Disclosure: Comcast-owned NBCUniversal is the parent company of CNBC.

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Mark Zuckerberg names ex-OpenAI employee chief scientist of new Meta AI lab

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Mark Zuckerberg names ex-OpenAI employee chief scientist of new Meta AI lab

Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.

Manuel Orbegozo | Reuters

Meta CEO Mark Zuckerberg on Friday said Shengjia Zhao, the co-creator of OpenAI’s ChatGPT, will serve as the chief scientist of Meta Superintelligence Labs.

Zuckerberg has been on a multibillion-dollar artificial intelligence hiring blitz in recent weeks, highlighted by a $14 billion investment in Scale AI. In June, Zuckerberg announced a new organization called Meta Superintelligence Labs that’s made up of top AI researchers and engineers. 

Zhao’s name was listed among other new hires in the June memo, but Zuckerberg said Friday that Zhao co-founded the lab and “has been our lead scientist from day one.” Zhao will work directly with Zuckerberg and Alexandr Wang, the former CEO of Scale AI who is acting as Meta’s chief AI officer.

“Shengjia has already pioneered several breakthroughs including a new scaling paradigm and distinguished himself as a leader in the field,” Zuckerberg wrote in a social media post. “I’m looking forward to working closely with him to advance his scientific vision.”

Read more CNBC tech news

In addition to co-creating ChatGPT, Zhao helped build OpenAI’s GPT-4, mini models, 4.1 and o3, and he previously led synthetic data at OpenAI, according to Zuckerberg’s June memo.

Meta Superintelligence Labs will be where employees work on foundation models such as the open-source Llama family of AI models, products and Fundamental Artificial Intelligence Research projects.

The social media company will invest “hundreds of billions of dollars” into AI compute infrastructure, Zuckerberg said earlier this month.

“The next few years are going to be very exciting!” Zuckerberg wrote Friday.

WATCH: Meta announces massive ‘Prometheus’ & ‘Hyperion’ data center plans

Meta announces massive 'Prometheus' & 'Hyperion' data center plans

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Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025

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Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025

Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC.

Kevin Dietsch | Getty Images

Palantir has hit another major milestone in its meteoric stock rise. It’s now one of the 20 most valuable U.S. companies.

The provider of software and data analytics technology to defense agencies saw its stock rise more than 2% on Friday to another record, lifting the company’s market cap to $375 billion, which puts it ahead of Home Depot and Procter & Gamble. The company’s market value was already higher than Bank of America and Coca-Cola.

Palantir has more than doubled in value this year as investors ramp up bets on the company’s artificial intelligence business and closer ties to the U.S. government. Since its founding in 2003 by Peter Thiel, CEO Alex Karp and others, the company has steadily accrued a growing list of customers.

Revenue in Palantir’s U.S. government business increased 45% to $373 million in its most recent quarter, while total sales rose 39% to $884 million. The company next reports results on Aug. 4.

Earlier this year, Palantir soared ahead of Salesforce, IBM and Cisco into the top 10 U.S. tech companies by market cap.

Buying the stock at these levels requires investors to pay hefty multiples. Palantir currently trades for 273 times forward earnings, according to FactSet. The only other company in the top 20 with a triple-digit ratio is Tesla at 175.

With $3.1 billion in total revenue over the past year, Palantir is a fraction the size of the next smallest company by sales among the top 20 by market cap. Mastercard, which is valued at $518 billion, is closest with sales over the past four quarters of roughly $29 billion.

WATCH: Palantir’s Mike Gallagher: Enforcing a ceasefire will require a greater investment of American power

Palantir's Mike Gallagher: Enforcing a ceasefire will require a greater investment of American power

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Inside Tesla’s new retro-futuristic Supercharger diner

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Inside Tesla's new retro-futuristic Supercharger diner

Tesla has opened the doors to its first diner Supercharger station in Los Angeles.

CEO Elon Musk first teased the concept of building a drive-in themed charging station in 2018. On Monday, that vision was finally realized. Tesla describes the two-story restaurant, constructed of a steel exterior inspired by the Cybertruck, as retro-futuristic. It features 80 charging stalls and two 66-foot megascreens playing a rotation of short films, feature-length movies and Tesla videos.

The diner operates 24/7 serving classic American comfort food, such as burgers, grilled cheese sandwiches and milkshakes, to both electric vehicle owners charging their cars and the general public. CNBC visited the site and spoke with early patrons, who praised both the design and the food.

“It’s pretty cool. It has a very vintage vibe, but futuristic vibe at the same time” said Taju, who stopped by with a friend who drives a Tesla.

“I would bring friends from out of town, they would be very impressed coming to a place like this” said Don, a Model 3 owner who visited with his wife and neighbor.

Also on display for a limited time was Optimus, Tesla’s humanoid robot, which served popcorn and interacted playfully with guests. Less than 24 hours after opening, the line to order food stretched around the block.

Musk has said that if the concept proves successful, Tesla may open similar diner Supercharger stations in other major cities.

Watch the video to see what it’s like inside Tesla’s first diner charging station. 

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