Tag: billion
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Goldman Sachs expects SpaceX’s AI revenue to surge 100-fold by 2030, FT reports
June 4 : Goldman Sachs expects revenue from SpaceX’s AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank’s forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX’s total revenue to rea
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Broadcom set to shed $300 billion in value as AI results fail to impress
June 4 : Broadcom shares slumped more than 14 per cent on Thursday, dragging chip peers lower, after the company’s results fell short of lofty expectations around demand for its custom AI chips business.The premarket losses, if sustained, will erase more than $315 billion from the company’s market value of ab
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Amazon unveils new AI warehouse robot in $12 billion Europe push
DARTFORD, England June 4 : Amazon on Thursday unveiled an upgraded AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment in its European fulfilment network. The Seattle-based e-commerce giant showcased the next-generatio
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Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
(Corrects typo in headline)By Anhata Rooprai, Zaheer Kachwala and Stephen NellisJune 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in ext
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Elon Musk’s SpaceX aiming to raise $75bn in record IPO
If completed, the unprecedented IPO would surpass the record $25.6 billion raised by Saudi oil producer Aramco in 2019 and could make Elon Musk the world’s first trillionaire.
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Broadcom’s sales and AI chip forecast comes in below expecations, shares tumble
June 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in extended trading.Second-quarter revenue of $22.19 billion missed estimates of $22.27 billio
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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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