Tag: Business
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US spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment
June 23 : The U.S. Federal Communications Commission said Thursday an auction of wireless mid-band spectrum raised more than $3.5 billion, which will largely be used to fund the replacement of Chinese telecom equipment.The FCC said up to $3.3 billion of the auction’s proceeds will be used to cover funds bor
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Exclusive-SPS Commerce explores sale amid activist pressure, sources say
NEW YORK, June 23 : Supply chain software maker SPS Commerce is exploring a sale amid pressure from activist investors, according to three people familiar with the matter.The company is working with investment bank Morgan Stanley on the potential sale, which is expected to draw interest from private equity fi
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Anthropic launches Claude Tag in Slack with plans for wider rollout
June 23 : Anthropic on Tuesday launched an artificial intelligence agent inside Salesforce’s Slack app that can work alongside employees in group chats, deepening its push into the enterprise market that has emerged as a key battleground for AI startups.Called Claude Tag, the tool lets users summon the compan
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Alibaba sues US Department of Defense for branding it a ‘Chinese military company’
June 23 : Chinese tech and e-commerce giant Alibaba sued the U.S. Department of Defense for designations including saying it was a “Chinese military company,” according to a court filing on Tuesday. “The determinations have no basis in fact or law,” Alibaba said in its lawsuit. “Alibaba is governed by an ind
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SpaceX launches $25 billion notes offering, source says
June 23 : Elon Musk’s SpaceX has launched a five-tranche notes offering aimed at raising at least $25 billion, a source familiar with the matter said on Tuesday, as the newly public company seeks funding for its capital-intensive AI expansion.SpaceX’s AI ambitions carry a hefty price tag, requiring tens of bi
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SpaceX could remain under pressure as more insiders gain permission to sell. Here are the key dates
Investors can expect a significant wave of supply to hit the market that will likely drive the price down, with each new lockup expiration period.
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Blackstone plans $30 billion investment in Japan AI data centres, Nikkei reports
June 23 : Blackstone is planning to invest $30 billion in Japan’s AI data centers over the next three to five years, its president and chief operating officer Jonathan Gray told Nikkei in a recent interview, the business daily reported on Tuesday.The world’s largest alternative asset manager is in discussions
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Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports
June 23 : Meta CEO Mark Zuckerberg recently dispatched a small team at his company to create a smartphone app similar to Polymarket and Kalshi, the New York Times reported on Tuesday, citing two employees with knowledge of the matter.
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Anthropic launches Claude Tag in research preview for Slack users
June 23 : Anthropic on Tuesday launched an artificial intelligence agent inside Salesforce’s Slack app that can work alongside employees in group chats, deepening its push into the enterprise market that has emerged as a key battleground for AI startups.Called Claude Tag, the tool lets users summon the compan
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Stocks making the biggest moves midday: Micron Technology, SpaceX, IBM, Flex & more
These are the stocks posting the largest moves midday.
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