Tag: Business
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Zuckerberg says Meta made ‘mistakes’ in AI workforce shift
June 12 : Meta CEO Mark Zuckerberg has told employees that the social media giant has made mistakes in its AI transformation of its workforce, according to an internal memo seen by Reuters. Zuckerberg is pumping hundreds of billions of dollars into AI as he seeks to reshape his company’s inner workings around
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Jim Cramer says it’s not too late to buy SpaceX — under one condition
CNBC’s Jim Cramer said it’s not too late to buy SpaceX if investors view the company as a long-term bet on space exploration.
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Cramer’s lightning round: Buy Constellation Energy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Jim Cramer says SpaceX’s blockbuster IPO could have major implications for the week ahead
CNBC’s Jim Cramer said the successful debut of SpaceX could pave the way for more AI-related offerings and help create a more constructive backdrop for stocks.
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Roku is exploring strategic options, including a sale of the company, sources say
June 12 : Roku Inc is exploring its strategic options, including a full sale of the company, according to six people familiar with the matter, amid interest from companies seeking access to its vast streaming audience and advertising platform.The company, whose shares jumped 22 per cent, has held discussio
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Meta’s Zuckerberg admits ‘mistakes’ made on AI transformation
June 12 : Meta CEO Mark Zuckerberg has said that the social media giant has made mistakes on its AI transformation, in an internal memo seen by Reuters. In the memo, Zuckerberg describes the rapid advances in AI and the challenges bought on by the boom in the technology, as well as how it has…
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Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say
TOKYO, June 13 : Japanese investors were willing to subscribe to more than 1 trillion yen ($6.2 billion) of shares in SpaceX’s record-breaking IPO, two sources familiar with the offering said.The majority of the demand came from retail investors, added the sources, who declined to be identified as they were n
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Microsoft has considered spinning off Xbox, the Information reports
June 12 : Microsoft is considering options for its Xbox gaming unit, including a potential spinoff or restructuring as a wholly owned subsidiary, the Information reported on Friday, citing three people with direct knowledge of the discussions.The Windows maker is also weighing options such as creating a joint
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Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
June 12 : Streaming platform Roku is in talks to sell itself, including a possible media tie-up, Bloomberg News reported on Friday, citing people familiar with the matter. The company, whose shares jumped 22 per cent, has been in discussion with at least one U.S. media company about a potential combination an
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Space stocks slump as blistering rally cools after SpaceX market debut
June 12 : U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX’s market debut, snapping a months-long rally fueled by anticipation over the blockbuster IPO.The Elon Musk-led company jumped 28 per cent, clinching a valuation of over $2 trillion as both institutional inv
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