Tag: Business
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SpaceX bankers prepare for potential $20 billion bond offering, source says
June 18 : SpaceX’s bankers are preparing to meet investors as early as next week to discuss a bond offering of at least $20 billion, a source familiar with the matter said on Thursday, as Elon Musk’s newly public company seeks funding for an ambitious and capital-intensive AI expansion.SpaceX’s AI ambitions c
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SpaceX shares tumble as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped nearly 9 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 8.8 per cent to $174.8, after falling nearly 5 per cent…
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Accenture forecast takes hit from Iran war, shares tumble over 17%
June 18 : Accenture forecast quarterly sales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the Middle East and beyond, sending its shares down more than 17 per cent and sparking an industry selloff.The IT consulting giant took a $400 million hit to its Middle East
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Space startups seek insurance for orbital AI data centers
NEW YORK/LONDON, June 18 : Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin.The concept of data center satellites — designed to bypass Earth’s power constrain
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Accenture forecast takes hit from Iran war, shares tumble 14%
June 18 : Accenture forecast quarterly sales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the Middle East and beyond, sending its shares down more than 14 per cent and sparking an industry selloff.The IT consulting giant took a $400 million hit to its Middle East
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AI cuts tech project times from years to months, says Deutsche Bank exec
BENGALURU, June 18 : Artificial intelligence is accelerating productivity at Deutsche Bank, enabling tasks that once took years to be completed within months, a senior executive said on Thursday.The German lender is using AI to speed up technology projects and tackle a backlog of internal work, but it is keep
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Apple allows alternative app stores, payments in Brazil after deal with regulator
SAO PAULO, June 18 : Apple said on Thursday it will allow developers in Brazil to distribute iOS apps through alternative marketplaces and process payments outside its system, following an agreement with the country’s antitrust watchdog CADE. • Apple agreed to make the changes to its services in December
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Accenture strikes $4.18 billion cybersecurity deal, shares fall on weak forecast
June 18 : Accenture unveiled $4.18 billion in cybersecurity acquisitions on Thursday to push deeper into the booming sector, as a weak sales forecast sent its shares down 14 per cent and underscored the pressure AI tools exert on its consulting business.The premarket drop followed the company’s fourth-quarter
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ChapsVision says ethics panel can veto deals deemed risky
PARIS, June 18 : French software group ChapsVision said on Thursday its independent ethics committee can block contracts where its software could be misused, underscoring how oversight has become central as Europe seeks local alternatives to U.S. data analytics providers.ChapsVision President Silvano Sansoni
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Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports
June 18 : The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on Thursday, citing two people with direct knowledge of the matter.The move is in response to a Chinese government order that t
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