CNBC

Technology stocks declined Wednesday, as the chipmaking sector signaled that President Trump’s sweeping tariff plans could hamper demand and growth. Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said the government will require a license to ship the chips there and other destinations. CNBC's @KristinaPartsinveleos reports. Read more: cnb.cx/3Yu4LWv

A federal judge found probable cause to hold the Trump administration in criminal contempt for defying a court order in a high-profile deportation case: cnb.cx/4lzY8fn

OpenAI has released its latest artificial intelligence model, which it said is capable of “thinking with images,” meaning it can understand and analyze a user’s sketches and diagrams, even if they’re low quality. The main new reasoning model from OpenAI is called o3, and the company simultaneously released a smaller model dubbed o4-mini. The rollout follows the September debut of OpenAI’s first reasoning model, o1, which focused on solving complex problems and deliberating over its answers in multiple steps.

OpenAI has released its latest artificial intelligence model, which it said is capable of "thinking with images," meaning it can understand and analyze a user's sketches and diagrams, even if they're low quality. The main new reasoning model from OpenAI is called o3, and the company simultaneously released a smaller model dubbed o4-mini. The rollout follows the September debut of OpenAI's first reasoning model, o1, which focused on solving complex problems and deliberating over its answers in multiple steps. With o3, users can upload whiteboards, sketches and other images and have the AI analyze and discuss them. The models can also rotate, zoom and use other image-editing tools.

FarmboxRx might be Ashley Tyrner-Dolce's brainchild, but bringing the company to life wasn't a one-woman show. Tyrner-Dolce founded her New York-based food subscription service in 2014 after struggling to find and afford fresh fruits and vegetables as a young, single mom. Her company partners with health insurance agencies to send low-income Americans healthy groceries at a low-to-no out-of-pocket cost, and brought in roughly $55 million in annual revenue as recently as 2023, according to a company spokesperson. FarmboxRx has been consistently profitable since 2022, the spokesperson adds.

Scale AI is working with Qatar to develop artificial intelligence tools for education, civil service, contact centers, tourism, health care and transportation in the Middle Eastern nation, according to a list viewed by CNBC. The five-year deal will include creating an AI personalized learning platform and AI teacher assistant for some schools within the country. But the details could change. Scale AI, which provides training data to key AI players like OpenAI, Google, Microsoft and Meta, expects revenue to more than double in 2025 to about $2 billion, up from about $870 million in 2024, according to a person familiar with the matter, who asked not to be named because the financials are confidential.

Scale AI's partnership with Qatar involves developing AI tools for education, civil service, contact centers, tourism, health care and transportation in the Middle Eastern nation, according to a list viewed by CNBC. The five-year deal will include creating an AI personalized learning platform and AI teacher assistant for some schools within the country. But the details could change. Scale AI, which provides training data to key AI players like OpenAI, Google, Microsoft and Meta, expects revenue to more than double in 2025 to about $2 billion, up from about $870 million in 2024, according to a person familiar with the matter, who asked not to be named because the financials are confidential. The company told CNBC that its work with governments in countries in Asia and Europe could account for a significant piece of sales over the next two quarters. (CNBC) https://lnkd.in/e6HUC2Tx

If your goal is to make money right after college, majoring in engineering is one of the safest bets. That's because many of the highest-paying degrees are in that field, new data from the Federal Reserve Bank of New York shows. The rankings line up with previous years' data, which consistently place engineering fields at the top for median salaries within five years of graduation. Top-paying majors include computer engineering, chemical engineering and computer science, with graduates earning a median early-career salary of $80,000. All engineering majors in the study have median early-career pay above $70,000.

Angela Beatty, chief leadership and human resources officer at Accenture, has been working in HR for more than two decades. In that time, she's figured out how to gauge her resume red and green flags and what those could mean about candidates. Among her red flags is multiple work stints of less than a year. That makes her question if a candidate is "able to gain some traction and collaborate and work with others in a way that would enable them to stay at a place long enough to make an impact," she says. She suggests jobseekers give some context in their resumes to make sure hiring managers know why those stints lasted the length they did.

Wall Street banks just posted their biggest-ever haul from stock trading as the opening months of President Donald Trump's tenure led to upheavals across asset classes — and the need for institutional investors around the world to position themselves for a new regime. Goldman Sachs, Morgan Stanley, JPMorgan Chase and Bank of America each notched record equities trading revenue in the first quarter, with the first three producing roughly $4 billion in revenue apiece. When including Citigroup and Wells Fargo, the six largest U.S. banks put up $16.3 billion in stock trading in the quarter, 33% more than a year earlier and higher than in previous periods of tumult, like the 2020 coronavirus pandemic or the 2008 global financial crisis.