Tag: Business
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Exclusive-Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources say
Oct 27 : Super Micro-backed cloud computing firm Argentum AI is in talks to secure a $5 billion financing deal for AI chips with a major private credit firm, according to two people familiar with the matter. One of the people said the money would pay for additional chips for the data center Argentum secured
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Stocks rise and oil slips on Middle East diplomacy efforts ahead of Big Tech earnings
Oct 27 : Global stocks rose and oil prices slipped on Tuesday as investors weighed efforts to end the Middle East conflict ahead of US Big Tech earnings, seen as a key test of AI trade, and central bank meetings that could shape the near-term outlook for interest rates.Iran’s supreme leader met with the count
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Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion
(Corrects to removes extraneous word in fifth bullet)Oct 27 : Insurance software maker Guidewire said on Tuesday it would buy hyperexponential for $1.7 billion in cash and up to $400 million more if revenue targets are met, to expand into AI tools that help insurers assess price and risk.• London-ba
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Boeing jetliner production challenges weigh on third-quarter results
SEATTLE, Oct 27 : Boeing posted a bigger third-quarter loss than expected on Tuesday, as supply-chain challenges and production delays in its commercial airplane division overshadowed bigger margins across the rest of the company.The planemaker continued its long turnaround during the quarter following years
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Tech’s relief rally extends as attention turns to tough decisions for the Fed
Here are the key things investors need to know to start the trading day.
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A rising wealth tide lifts all yachts
As the yachting world prepares for the Fort Lauderdale International Boat Show this week, executives are betting on wealthy Americans to power the industry.
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Stocks making the biggest moves premarket: PayPal, Corning, UPS, Coca-Cola & more
These are the stocks posting the largest moves in early trading.
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Alibaba wins injunction against Pentagon contract restrictions tied to China blacklist
A US federal judge on Monday (Oct 27) granted Alibaba Group Holding’s request for a preliminary injunction, ordering the US government not to deny Pentagon contracts to companies because they, their parent companies or subsidiaries do business with firms that engage in lobbying activities for the e-commerce giant.
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Who controls powerful AI? Anthropic has a plan for long after its leaders depart
SAN FRANCISCO, Oct 27 : Few public companies claim to have the future of humanity on the line while making mundane choices about board composition.Not so with Anthropic. Having warned that its artificial intelligence could one day cure cancer or kill up to 8 billion people, Anthropic has set up a complex plan
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Fashion’s AI era: face swaps and digital clones
LONDON, Oct 27 : AI-generated fashion models present a tantalizing opportunity for brands: the ability to create lifelike images for their retail websites while cutting costs by 90 per cent or more compared to photo shoots with human models.For the modeling industry, the technology poses an existential threat
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