Tag: Business
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Qualcomm wins BMW chip supply deal for future vehicle platforms
July 29 : Qualcomm said on Wednesday it has signed a long-term deal to supply chips for German luxury automaker BMW’s future digital cockpit and advanced driver-assistance systems through the next decade.The agreement comes as competition intensifies in the automated driving market, with Nvidia and Mobileye G
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Eliyan raises $145 million at $1 billion valuation to ease AI chip data bottlenecks
SAN FRANCISCO, July 29 : Eliyan, a startup that aims to ease the bottlenecks in transferring data between AI chips in data centers, said on Wednesday it had raised $145 million in venture funding at a $1 billion valuation.Cisco Systems, Lumentum and an early investor in networking pioneer Mellanox before its
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Hyperscaler debt binge pushes yields up as investor demand cools
July 29 : Major U.S. technology companies are borrowing heavily as they ramp up spending on their artificial intelligence buildout, and at steadily higher yields as investors become more selective about absorbing the growing supply.Amazon, Alphabet, Meta Platforms and Oracle issued about $194 billion of bonds
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DoorDash launches in-house drone delivery program after FAA certification
July 29 : DoorDash on Wednesday launched its in-house drone-delivery program, DoorDash Air, after securing a U.S. Federal Aviation Administration certification to operate commercial drone deliveries in the U.S.The move marks the food-delivery company’s push into autonomous delivery as it looks to reduce relia
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Humana tops quarterly estimates, maintains profit outlook as medical costs stay in line
Humana maintained its 2026 adjusted profit outlook of at least $9 per share, which some analysts called a “disappointment” amid high expectations for insurers.
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Why shareholders are suing Novo Nordisk over next-generation weight-loss drug
Investors claim Novo Nordisk misled the market about CagriSema’s tolerability, after disappointing clinical trial results wiped billions off its market cap.
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Nvidia partner ChipAgents raises $60 million to accelerate chip design with AI agents
LONG BEACH, California, July 29 : Chip design startup ChipAgents expanded its Series A financing with a $60 million infusion to further fund its plans to speed up semiconductor design through the use of AI agents, its chief executive said.ChipAgents builds software that harnesses so-called AI agents – program
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NextEra, Brookfield plan $100 billion Kentucky data center campus
July 29 : NextEra Energy, Brookfield and other companies are developing a $100 billion data center campus at a former uranium enrichment site in Paducah, Kentucky, the companies said on Wednesday.Soaring U.S. electricity demand is pushing companies to invest heavily in artificial intelligence data centers and
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Bangladesh’s US-Bangla to buy 21 Boeing aircraft in $1.5 billion expansion
DHAKA, July 29 : Bangladesh’s leading private carrier, US-Bangla Airlines, plans to acquire 21 Boeing aircraft in a deal worth about $1.5 billion to expand its international network, it said on Wednesday.The order, announced at the “Beyond with Boeing” event in Dhaka, includes 15 Boeing 737-8 aircraft and six
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South Korea to cap investment in single-stock leveraged ETFs, ministry says
SEOUL, July 29 : South Korea will introduce additional curbs on single-stock leveraged exchange-traded funds (ETFs), including a cap that could limit an individual’s investment in such products to 20 per cent of their total investment assets, the finance ministry said on Wednesday. The measures follow sharp s
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