Tag: billion
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Micron forecasts strong quarterly results on soaring memory chip demand
June 24 : Micron Technology forecast quarterly earnings above Wall Street estimates on Wednesday, signaling that heavy investments in AI-related infrastructure will drive strong demand for memory chips, sending its shares up more than 9 per cent in extended trading.The company expects fourth-quarter revenue o
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Qualcomm to buy startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
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Qualcomm to buy AI startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
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Trump offers Iran an economic lifeline — with strings
Iran has seen a speedy rebound in oil exports after the US-Iran deal granted immediate waivers on US sanctions. Relief on frozen assets and a $300 billion reconstruction fund now hinge on Tehran meeting key conditions.
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Qualcomm to buy AI startup Modular in $4 billion deal
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, as the chipmaker looks to diversify beyond its core smartphone business.Buying Modular pits Qualcomm against CUDA, the software platform that has helped underpin Nvidia’s AI dominance by tyi
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GameStop CEO Cohen spurns $35 billion pay plan to focus on plan to buy eBay
June 23 : Ryan Cohen, the billionaire CEO of GameStop, will not receive a potential performance award from the videogame retailer and plans to unveil more details about his bid to take over eBay soon, the company said on Tuesday.GameStop unveiled a compensation package worth roughly $35 billion for Cohen in J
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UK tribunal gives go ahead for $4 billion lawsuit against Apple over iCloud services
LONDON, June 23 : Britain’s competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which? said on Tuesday, clearing the way for tens of millions of consumers to join a collective action.The Competition Appeal Tribunal granted earlier
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Vimeo owner Bending Spoons seeks $1.62 billion US IPO, sources say
NEW YORK, June 22 : Bending Spoons, an Italian technology company that acquires and revamps software businesses, is seeking to raise as much as $1.62 billion in a U.S. initial public offering, according to two people familiar with the matter, in what would be one of the largest IPOs by a European company this year
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SpaceX turns to bond market to raise capital, reports $100.8 billion cash
June 22 : Elon Musk’s SpaceX turned to the bond market for the first time, capitalizing on a post-IPO momentum that has vaulted its cash reserves past $100 billion as the rockets-to-AI group ramps up spending.Monday’s notes offering comes mere days after SpaceX’s IPO, signaling the company’s push to reshape i
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SpaceX launches debt sale to raise capital, reports $100.8 billion in cash
June 22 : Elon Musk’s SpaceX launched its first-ever notes offering on Monday and said it had about $100.8 billion in cash and cash equivalents as of June 19, days after its blockbuster U.S. stock market IPO.The rockets-to-AI company debuted on the Nasdaq on June 12 after raising $85.7 billion from its initia
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