Tag: Business
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Minnesota IT officials disclose ‘coordinated cyberattack’ at more than 30 local water systems
July 28 : A “coordinated cyberattack” targeted more than 30 community water systems in the U.S. state of Minnesota on July 26 and July 27, the state’s IT agency said in a statement.The agency, Minnesota IT Services, said it was not aware of any active requests from Minnesota cities to have residents modify th
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SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts
SEOUL: South Korean chipmaker SK Hynix reported a more than sixfold increase in quarterly operating profit to a record high on Wednesday (Jul 29), driven by robust demand for advanced memory chips as big technology firms ramped up spending on AI data centres.The Nvidia supplier reported a 557 per cent
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Netflix edges BBC as first choice for UK viewers, Ofcom report shows
LONDON, July 29 : Netflix has edged ahead of the BBC as Britons’ first choice when deciding what to watch on television, media regulator Ofcom said on Wednesday, with 26 per cent of viewers turning first to the U.S. streaming service compared with 25 per cent for the BBC.Here are details from Ofcom’s annual M
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Jim Cramer: How to avoid getting burned by parabolic stocks
CNBC’s Jim Cramer urged investors to take profits as stocks go parabolic, saying those explosive rallies often unravel just as quickly once momentum fades.
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Cramer’s lightning round: ‘I like Ross Stores’
“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 it’s too soon to buy the dip in SpaceX. Here’s why he would wait
The “Mad Money” host said SpaceX’s looming lockup expiration makes him cautious on the hard-hit shares.
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Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead
CNBC’s Jim Cramer said investors are rotating out of memory-chip winners and into companies with growth outside the data center buildout.
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KLA results beat Wall Street estimates, but shares fall on high investor expectations
July 28 : KLA Corp on Tuesday beat fourth-quarter revenue estimates and forecast first-quarter revenue above Wall Street expectations, but its shares fell 9 per cent in extended trading as the results failed to meet investor expectations.The company’s shares have risen more than 57 per cent so far this year,
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Exclusive-OpenAI’s rogue agent compromised an account at a second tech firm, executive says
WASHINGTON, July 28 : The rogue agent that escaped from OpenAI and went on a days-long hacking spree at the AI firm Hugging Face also compromised a customer at a second tech company — New York-based Modal Labs — according to a Modal executive and two other sources familiar with the matter.According to a
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Tech employees call for US-backed global effort to manage risks of advanced AI
July 28 : More than 1,100 employees from leading tech firms on Tuesday urged the U.S. government to support an international effort to develop tools for managing the pace of advanced AI development.The statement comes as AI companies pursue increasingly powerful systems, raising concerns that developments cou
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