Tag: company
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Analysis:Why CoreWeave is in the crosshairs of the AI scare
LONDON/BENGALURU, Oct 16 : Loss-making and deeply indebted US cloud company CoreWeave became an easy target this week for investors concerned about an artificial intelligence bubble. Its selloff, though, has greater significance for markets than its size implies.The slump in the shares and bonds of the $39 bi
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Supermarket operator Ahold’s websites, app remain offline 5 days after cyber incident
AMSTERDAM, Oct 16 : Websites and online delivery services at grocery chains belonging to Dutch supermarket operator Ahold remained offline for a fifth day on Friday following what the company has described as a “cybersecurity incident” that prompted it to shut down some of its own IT systems. An Ahold spokes
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Thousands of German gamblers could sue for their money back
German gamblers may finally be able to beat the house, thanks to new court rulings in the EU and in Germany. The decisions could help gambling addicts — but the legal road might be difficult.
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Fintech startup Ramp hits $60 billion valuation after $1.85 billion funding round
Oct 15 : Financial technology startup Ramp said on Thursday it had raised $1.85 billion in a primary financing round led by Dragoneer Investment Group, valuing the company at $60 billion, as the company expands its artificial intelligence offerings.The funding underscores growing investor interest in financia
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Why does China dominate consumer technology, from smartphones and EVs to smart devices?
From action cameras and smartphones to EVs and robot vacuums, Chinese brands are gaining ground worldwide despite privacy and security concerns. What’s driving their rise, and can European rivals keep up?
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At Anthropic pre-IPO meet: ‘Thinking’ caps, surging revenue, no human extinction
NEW YORK/SAN FRANCISCO, Oct 14 : Anthropic told prospective investors on Wednesday that revenue in the third quarter surged 45 per cent from the prior quarter, two people who attended an investor day said, a move that could assuage market concerns about the huge costs of developing AI systems.Revenue in the t
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How a Chinese-made toy gets to a US retailer
With Christmas on the horizon, we trace children’s toys from factories in China to US shelves.
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US company announces progress toward resurrecting the extinct dodo
Oct 14 : A US biotech company says it is making progress toward its goal of resurrecting the dodo, the famous flightless bird with a large hooked beak, and returning it to its native Indian Ocean island of Mauritius, where humans drove it to extinction in the 17th century.Dallas-based Colossal Biosciences sai
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FBI arrests Saudi OpenAI engineer over covert recording device, DOJ says
Oct 13 : US federal agents arrested a Saudi national who was an OpenAI engineer and charged him with installing a hidden audio recording device in an executive conference room at the AI company, the Justice Department said on Tuesday.The case highlights growing security concerns around sensitive AI research a
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Deloitte helped in falsifying documents to evade tax on Abramovich’s wealth
Backdated paperwork also made the Russian oligarch’s yachts and mansions disappear from accounts, BBC finds.
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