Tag: Enterprise
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Corning shares jump 9% after striking deal to power Amazon AI data centers in U.S.
Amazon is the latest megacap company to announce a massive deal with Corning, which is rapidly becoming a critical player in the AI buildout.
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Meta’s stock sinks on report company could raise tens of billions of dollars to fund AI push
Meta shares dropped after the Financial Times reported that company could potentially raise tens of billions of dollars in a stock offering to help its AI push.
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LinkedIn co-founder Reid Hoffman is leaving Microsoft’s board after almost a decade
Reid Hoffman was one of OpenAI’s first donors, and he left its board in 2023 as the nonprofit cozied up with Microsoft.
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Alphabet is seeking fresh capital as stock’s 4-week losing streak tests investor appetite
Alphabet expects capex to reach up to $190 billion this year, double last year’s spending, and the company is turning to investors to help fund its expansion.
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Vibe coding phenomenon lifts AI startup Supabase to $10.5 billion valuation
Database startup Supabase announced a $500 million funding round that values the company at $10.5 billion, including the fresh capital.
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Amazon engineers in Seattle slam employer for building AI data centers while laying off 30,000 staffers
Amazon engineers called out their employer for conducting mass layoffs while it commits to spending $200 billion this year on AI infrastructure.
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Uber slashes people division by nearly a quarter. CEO says ‘changes are necessary’
Uber said the cuts were not driven by AI, which has allowed many tech businesses to cut costs and automate workloads
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OpenAI CEO Sam Altman to meet with lawmakers, Trump officials in D.C.
President Donald Trump signed an executive order about AI this week, which Altman voiced support for.
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Meta enters enterprise AI race with new business agent
LONDON, June 3 : Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player in the enterprise AI market.Announced at the company’s WhatsApp-focused Conversations conference in London, the new
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Microsoft unveils new AI models to lessen reliance on OpenAI and lower costs for developers
At its Build developer conference, Microsoft announced a series of generative AI models to try and crack a market controlled by OpenAI, Anthropic and Google.
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