Tag: Business
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Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand
July 1 : ITG’s shares rose 12.5 per cent in their Nasdaq debut on Wednesday, giving the Oaktree-backed digital infrastructure company a market value of $2.18 billion as investors continued to back firms tied to the AI boom.The debut adds to signs that investor appetite for companies supporting the AI buildout
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India asks WhatsApp to hold ‘usernames’ rollout pending consultations, letter shows
July 1 : India on Wednesday directed Meta’s WhatsApp to explain within three days why regulatory action should not be initiated over its planned “usernames” feature and asked the company not to roll out the feature in the country until consultations are complete, according to a government letter reviewed by Reuters.
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California man with bipolar disorder says ChatGPT fueled delusions, led to self-harm in new lawsuit
July 1 : A California man sued OpenAI and its CEO Sam Altman on Wednesday, claiming the company’s ChatGPT platform exacerbated his bipolar disorder due to a lack of safeguards for users with mental illness.Michael Lines, 34, said in the complaint filed in state court in San Francisco that conversations he ha
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Cigna invests $100 million in new AI-powered specialty pharmacy program
July 1 : Cigna said on Wednesday its health services unit Evernorth has launched a new AI-powered specialty pharmacy program to reduce the time it takes to process prescriptions and improve customer service. The program, called Pharmacy Forward, is supported by a $100 million investment through 2028, the heal
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Toyota US second-quarter sales up 1%
July 1 : Japan’s Toyota reported a 1.1 per cent rise in U.S. sales during the second quarter, helped by demand from its hybrid models and affordable cars. The automaker reported sales of 673,971 units, compared with 666,469 units a year ago.
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Portugal launches first open-source AI model, joining Europe’s sovereignty push
LISBON, July 1 : Portugal launched on Wednesday its first open-source artificial intelligence model, joining a growing push across Europe for greater AI sovereignty and reduced reliance on U.S. providers.The move follows similar initiatives in other European countries, including France and Germany, where gove
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Together AI raises $800 million at $8.3 billion valuation
July 1 : Together AI on Wednesday said it has raised $800 million in a funding round led by Aramco Ventures, more than doubling the artificial intelligence startup’s valuation to $8.3 billion.Founded in 2022, the startup’s platform lets companies train and run AI workloads on open models such as DeepSeek, Min
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Google has exceeded $1 billion Africa investment target
JOHANNESBURG, July 1 : Google has exceeded a five-year target to invest $1 billion in Africa, it said on Wednesday, as it made public initiatives on infrastructure and development of AI to accelerate the continent’s digital growth.They follow on from Google’s launch of a cloud for the Johannesburg region in 2
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Meta names Alex Schultz first chief data officer
July 1 : Meta said on Wednesday its chief marketing officer Alex Schultz will become the company’s first chief data officer, to better manage AI analytics globally.The Facebook-parent also promoted its vice president of consumer marketing and growth, Denise Moreno, to marketing chief. • “My focus
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Ubisoft taps Amazon Games VP to lead Tom Clancy franchise
July 1 : French video games company Ubisoft said on Wednesday it recruited Amazon Games Vice President Christoph Hartmann to lead its “Creative House 2”, the division that manages games in the Tom Clancy franchise, such as “Splinter Cell” and “The Division”.Hartmann co-founded and led 2K, owned by Take-Two In
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