Tag: Business
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SpaceX, Tesla to initially spend $16.8 billion on Terafab chip plant in Texas
Aug 6 : Elon Musk’s SpaceX and Tesla will initially invest $16.8 billion to build Terafab, an advanced AI semiconductor complex in Grimes County, Texas, as the companies race to secure the chip capacity that the billionaire has called essential to their future.The facility is intended at nar
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DeepSeek resumes funding round seeking nearly $8 billion, Bloomberg News reports
Aug 6 : Chinese AI startup DeepSeek has resumed its second funding round, seeking close to $8 billion, with Monolith Management in talks to participate, Bloomberg News reported on Thursday, citing people familiar with the matter.DeepSeek is seeking a valuation close to 500 billion yuan ($74.09 billion), the r
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Fox advertising, streaming service Tubi get boost from World Cup
Fox advertising revenue increased 78% during the quarter primarily due to the FIFA Men’s World Cup and growth at ad-supported streaming service Tubi.
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EPAM cuts annual revenue forecast on weak software services demand, shares fall
Aug 6 : EPAM Systems on Thursday cut its annual revenue forecast, indicating slowing demand for its software services and sending its shares down more than 18 per cent.The company provides a wide range of IT services including consulting, cloud and AI transformation and software engineering.Here are so
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Alphabet seeks up to $25 billion from its latest bond sale, Bloomberg News reports
Aug 6 : Alphabet is looking to raise as much as $25 billion from its latest U.S. bond offering, Bloomberg News reported on Thursday, citing people familiar with the matter, weeks after the tech giant’s 2026 capital spending outlook triggered a steep selloff. The company is offering notes in as many as 10 part
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SpaceX shares slip as lockup expiry adds to post-IPO woes
Aug 6 : SpaceX shares fell on Thursday, as investors braced for a potential bout of insider stock sales that could heap fresh pressure on a company already enduring a bumpy ride since listing.The shares were last trading down 1.3 per cent at $106.45. When a company goes public, certain shareholders – t
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The divide between Eli Lilly and Novo Nordisk is widening after their latest earnings
As Lilly widens its lead in the obesity race, Novo is still racing to win back market share and restore investor confidence in its pipeline.
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Family offices back clean energy and sustainability startups in July as dealmaking holds steady
Private investment firms of John Doerr and other billionaires are backing geothermal energy, nylon recycling and more.
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Why were there no tiny dinosaurs? You might blame the mammals
WASHINGTON, Aug 6 : Everyone knows dinosaurs got really big. Some of the long-necked plant-eaters were the largest land animals ever on Earth, as shown by Argentinosaurus, perhaps 70 to 90 tons and upwards of 100 feet (30 meters) long. But how about tiny dinosaurs, like the size of a mouse? As far as we…
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Microsoft opens its largest India data center hub as AI race heats up
Aug 6 : Microsoft launched its largest India data center in Hyderabad on Thursday and has signed up Adani Group and HDFC Bank among early users as it races rivals for the country’s fast-growing AI market.The India South Central facility brings Microsoft’s cloud regions in India to four, adding to existing cen
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