Tech
How Corning Invented A New Fiber-Optic Cable For AI And Landed A $6 Billion Meta Deal
Meta is giving Corning up to $6 billion for fiber-optic cable in its AI data centers, in a deal reported first by CNBC. Famous for making iPhone glass for Apple, the 175-year-old U.S. company is now at the heart of the AI infrastructure boom, with demand for fiber sending its stock up more than 70% in the last year. CNBC went to North Carolina for an exclusive interview with Corning CEO Wendell Weeks about a new type of fiber he helped invent for AI, plus a look at an expansion that Corning says will make its Hickory cable factory the largest in the world, all to meet demand from Meta and other data center giants like Nvidia, OpenAI, Google and Microsoft.
Chapters:
0:00 Introduction
2:22 iPhones to AI data centers
7:05 Making fiber for AI
10:20 $6 billion from Meta
12:28 Staying ahead of competition
Produced and Shot by: Katie Tarasov
Edited by: Andrea Miller
Camera by: Magdalena Petrova
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Apple, Corning, Getty Images, Meta
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Corning Reinvented Itself As An iPhone Supplier. Now It’s Leaning Into The AI Boom
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President Donald Trump has established a reputation as a pro-stock-market president, leading to record highs in the market, while also causing some of its most significant drops.
CNBC’s Sean Conlon breaks down how investors perceive Trump’s impact on the market and what this means for everyday investors.
Find the full report in related video.
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McAffee CEO Chris Young gives his predictions for tech threats in 2018 like connected device security.
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McAfee CEO Chris Young: Here Are The Top Tech Threats In 2018 | CNBC
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The push to make weight loss drugs more affordable is running into legal limits. Telehealth company Hims & Hers pulled a less expensive oral version of Wegovy after lawsuits from Novo Nordisk and rising regulatory scrutiny. The dispute centers on pharmaceutical compounding, which is legal for individualized patient needs, and whether it crossed into large-scale marketing. With semaglutide no longer in shortage, Novo says compounded versions are not justified. CNBC’s Brandon Gomez reports.
Produced and shot by: Charlotte Morabito
Edited by: Andrea Miller
Reporting by: Brandon Gomez, Annika Kim Constantino
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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Why Cheaper GLP-1 Drugs Are Facing Legal Battles
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A technical indicator could show that tech stocks still have positive momentum. Matt Maley of Miller Tabak and Chad Morganlander of Washington Crossing Advisors discuss with Eric Chemi.
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The Key Indicator For Tech Stocks | Trading Nation | CNBC
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The Facebook-owned virtual reality company is developing a new device that interacts with its Rift headset.
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Facebook’s Mark Zuckerberg Teases Oculus Gloves: Bottom Line | CNBC
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