Tag: million
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Cerebras raises annual targets on strong AI chip demand
Aug 12 : Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.Still, its shares were down more than 14 per cent in extended trading after closing up 11.6 per cent in the reg
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Gulf states scramble for Strait of Hormuz alternative
Saudi Arabia has redirected oil exports away from the Strait of Hormuz, but most Gulf producers still lack a reliable backup option to the world’s most important energy choke point.
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UNESCO: 2.4 million girls barred from school in Afghanistan
Five years after the Taliban returned to power, millions of Afghan girls remain excluded from secondary education. UNESCO warns of lasting social and economic consequences.
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Anna Rodin
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu Anna Rodin is an editorial production lead for CNBC Cures, an initiative focused on raising awareness of – and improving
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Kurds in the Middle East: Struggle for a homeland
The Kurdish people are one of the largest ethnic groups in the world without their own country. Many are native to the region where four countries — Iran, Iraq, Syria and Turkey — meet and share languages and culture.
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Air taxi firm Joby acquires defense tech company for $500 million
Aug 11 : Joby Aviation said on Tuesday it would buy defense technology company Resonant Sciences for about $500 million, as it looks to scale its business in a growing defense market.Electric vertical take-off and landing aircraft (eVTOL) companies are focusing more on the military market amid ramped-up defen
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Trump Media’s quarterly loss widens to $238 million from $20 million a year earlier
Aug 11 : Trump Media & Technology Group, founded by U.S. President Donald Trump and known for its Truth Social platform, reported a wider second-quarter loss, largely due to unrealized losses tied to its cryptocurrency assets.Its second-quarter net loss jumped to $238.1 million from about $20 million a year e
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Defense tech firm Lyntris targets $2.5 billion valuation in US IPO
Aug 10 : Lyntris is targeting a valuation of up to $2.53 billion in its U.S. initial public offering, the Trive Capital-backed company said on Monday, making it the latest to test strong investor appetite for defense listings.The Falls Church, Virginia-based Lyntris and selling stockholders are seeking up to
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Trump-linked fintech firm AI Financial sells unit to PrimeDelta
(Corrects company name from Prime Delta to PrimeDelta throughout the story and in the headline, fixes description and hyperlink of PrimeDelta in bullet 3.)Aug 7 : AI Financial Corp, a company closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, has sold its Canad
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Trump-linked fintech firm AI Financial sells unit to Prime Delta
Aug 7 : AI Financial Corp, a company closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, has sold its Canadian unit to New York-based Prime Delta, weeks after fintech firm Perpetuals.com ended talks to buy the subsidiary. • AI Financial will receive a $12 milli
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