Tag: Business
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AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership
Aug 4 : Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies.The startup has also launched a $5 billion AI infrastruct
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Why Ford believes its 10.2% July U.S. sales decline was still a ‘good’ month
The July decline adds to a lackluster sales year for the automaker, with results off 9.7% compared to 2025.
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Caterpillar lifts 2026 sales growth forecast as AI buildout powers on; shares surge 12%
Aug 4 : Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.Shares of the company were on track for their best day in over 17 ye
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Spotify forecasts profit and monthly active users below estimates, shares fall
Aug 4 : Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service’s challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.Shares of the company were down around 4 per cent in
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Broadridge quarterly profit climbs on investor communications strength
Aug 4 : Broadridge Financial reported higher fourth-quarter profit on Tuesday, helped by strength in its investor communications business.Shares of the company have fallen about 29.5 per cent so far this year, but rose 1.7 per cent in premarket trading following the results.Here are some details:
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Obsidian Security raises funding at $1.1 billion valuation on AI security demand
Aug 4 : Obsidian Security said on Tuesday it had raised $85 million in a Series D funding round that valued the AI security startup at $1.1 billion, as businesses seek to secure a growing number of AI agents accessing sensitive enterprise data.The round, led by Crescent Cove Advisors, comes as businesses adop
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Caterpillar lifts 2026 sales growth forecast as AI buildout powers on
Aug 4 : Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates on Tuesday, benefiting from a buildout of AI data centers that has spurred demand for its power-generation and construction equipment.Shares of the company jumped 11 per cent in premarket trading, sendi
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AI offers ‘lifeline’ for emerging economies, World Bank says
LONDON, Aug 4 : Artificial intelligence could enable developing countries to gain a century’s worth of development in a decade if they act quickly on power, connectivity and skills gaps, the World Bank said in a report on Tuesday.Widespread job losses due to AI are also less of a threat to emerging economies,
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Palantir earnings, McDonald’s new U.S. head, tiny ‘cars’ and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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