Tag: billion
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Broadcom’s second-quarter revenue misses estimates as competition bites
June 3 : Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday, as increased competition in the custom semiconductor market hurt gains from its AI chips, sending its shares down more than 11 per cent in extended trading.Second-quarter revenue came in at $22.19 billion, missing estim
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CrowdStrike reports higher operating expenses as AI investments gain pace
June 3 : CrowdStrike reported a 15 per cent jump in its first-quarter operating expenses on Wednesday, as the cybersecurity company ramps up investments in AI and product development.Shares of the company fell 8 per cent in extended trading.Here are some details: • CrowdStrike expects 2027 rev
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Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
June 3 : Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign of strong investor appetite for big tech companies as they expand their AI infrastructure and computing power.On Monday, the Google parent said it would raise $80 billion, as big tech companies compete to out-build e
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AlphaSense nearly doubles valuation to $7.5 billion in new funding round
June 3 : Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its funding round two years ago.The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, with new investors including D. E.
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Vietnam inflation accelerates in May, trade deficit widens to record high
HANOI, June 3 : Vietnam’s inflation rate accelerated in May and its trade deficit widened from April to a record high, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent in April,…
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How China keeps North Korea’s economy alive
Pyongyang relies on China for 95% of its legitimate trade; hacking, arms deals and remittances also help it stay afloat.
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Alphabet plans $80 billion stock sale as AI spending surges
The Google parent company’s announcement comes on the same day as Anthropic said it had confidentially filed paperwork for an initial public offering.
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Sawdah Bhaimiya
Sawdah Bhaimiya is a business news reporter for CNBC International in London, covering social media, artificial intelligence, and jobs and the workplace.
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