Tag: billion
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Marvell beats forecasts, shares slip as growth outlook underwhelms
Aug 27 : Marvell Technology forecast quarterly revenue above estimates on Thursday, but failed to meet lofty investor expectations after a sharp AI-fueled rally in its shares. The Santa Clara, California-based company’s shares fell nearly 3 per cent in extended trading. They have nearly tripled in value so fa
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Exclusive-Anthropic planned, then abandoned $7 billion purchase of MatX, sources say
SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters.The merger talks, which a third person said have evolved
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Universal Studios Japan to spend up to $1.88 billion on expansion, Nikkei reports
Aug 28 : Universal Studios Japan is preparing to undertake a major expansion, with investment expected to total between 200 billion yen and 300 billion yen ($1.26 billion-$1.88 billion), the Nikkei newspaper reported on Friday.Universal Japan plans to use a 60,000-square-meter site adjacent to the theme park
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Socure valued at $5.2 billion in latest funding, buys Fravity
Aug 27 : Identity verification startup Socure raised $156 million in a series E extension round that valued the company at $5.2 billion, Chief Marketing Officer Colton Pond told Reuters on Thursday. The extension comes nearly five years after the company raised $450 million as part of its Series E round at a
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SK Hynix holds groundbreaking ceremony for $4 billion Indiana AI chip packaging facility
WEST LAFAYETTE, Indiana, Aug 27 : South Korean chipmaker SK Hynix on Thursday held a groundbreaking ceremony for an advanced packaging and research facility in Indiana worth more than $4 billion, expanding its U.S. footprint to meet growing demand for memory chips used in AI applications. The facility, at the
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Lidl owner to invest up to $6.5 billion by 2033 in data centre in northern Germany
Aug 27 : Germany’s Schwarz Group, owner of discount retailer Lidl, said on Thursday it would spend up to €5.6 billion ($6.5 billion) on a data centre in northern Germany amid a push by European countries to become less dependent on overseas providers of cloud and AI services.Construction of the complex near
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Gamescom 2026: What’s next for the gaming industry?
As Gamescom 2026 opens in Cologne, AI, hardware costs and slowing user growth are putting pressure on the global games industry despite its current strength.
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Why social media harms are hard to regulate
Meta and other social media platforms face lawsuits alleging they foster addictive use among young people. Now regulators are struggling to rein in their engagement-driven business models.
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SoftBank in talks to buy stake in 1X at $6 billion valuation, The Information reports
Aug 26 : SoftBank is in talks to buy a majority stake in OpenAI-backed humanoid robot developer 1X Technologies in a deal that would value the startup at about $6 billion, The Information reported on Wednesday, citing people with knowledge of the deal.Reuters could not immediately confirm the report. SoftBan
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Salesforce raises annual forecasts, expands AI partnership with Anthropic
Aug 26 : Salesforce lifted its annual revenue and profit forecasts on Wednesday and rolled out a new plug-in combining its capabilities with Anthropic’s Claude AI models, sending its shares up 14 per cent in extended trading. Dubbed “Claudeforce”, the initiative marks an expansion in the companies’ partnershi
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