Tag: fast
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Italy’s Juventus to ask investors for up to €250 million
MILAN, Sept 29 : Italian soccer club Juventus said on Tuesday it would ask shareholders to approve a capital increase of up to €250 million ($283 million) as it warned of another loss this fiscal year.• Juventus will ask shareholders to authorise the board to carry out the share issue, in one or more tran
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OpenAI targets $30 billion funding at $1.4 trillion valuation, Bloomberg News reports
Sept 29 : OpenAI aims to raise at least $30 billion in a funding round and is seeking a valuation of about $1.4 trillion, not including the money raised, Bloomberg News reported on Tuesday, citing people familiar with the matter.Here are more details: • The fundraising discussions are at an early sta
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Explainer-Five things to know about the college sports bill that passed the US Senate
WASHINGTON, Sept 29 : The US Senate passed legislation this week to regulate college sports, a multibillion-dollar industry that has been upended in recent years by increased earning opportunities for student athletes.Here are five things to know about the bill’s passage:WHAT JUST HAPPENED?The S
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Man City found guilty of all charges of financial rule breaches, Premier League confirms
Sept 29 : Manchester City have been found guilty of all charges relating to serious breaches of the Premier League’s financial rules over nine seasons, as well as three of four charges concerning their failure to co-operate with the investigation, the league said on Tuesday.City were charged in February 202
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Man City surprised after Premier League confirm findings of serious financial breaches
Sept 29 : The Premier League announced on Tuesday that an independent commission had found Manchester City guilty of all charges related to serious financial breaches between 2009 and 2018.• Premier League say Manchester City used ‘sham contracts’ to artificially inflate revenue and reduce costs during nine
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Senate Republican says Chinese vehicle bill will not ban Mercedes-Benz in US
WASHINGTON, Sept 29 : A sponsor of a bill toughen a U.S. government ban on Chinese vehicles said Tuesday talks are ongoing to ensure German automaker Mercedes-Benz is not banned from selling vehicles in the United States.The bill approved by the Senate Commerce Committee in July would ban companies with mo
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OpenAI takes on Meta with always-on Dots agent in enterprise AI push
SAN FRANCISCO, Sept 29 : OpenAI on Tuesday unveiled always-on agents called Dots that chase user goals across apps on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously. The Dots agents aim to capitalize on growing
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US appeals court upholds Thomson Reuters’ landmark win in AI training lawsuit
Sept 29 : A US appeals court on Tuesday upheld a ruling for information services company Thomson Reuters in its copyright dispute with former legal-research rival Ross Intelligence over Ross’ alleged misuse of copyrighted material to train an AI-powered legal search engine.The Philadelphia-based 3rd US Circ
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Exclusive-Tiger Global, Dragoneer in talks to invest in Kalshi’s new $1 billion fundraise, sources say
NEW YORK, Sept 29 : Kalshi is in advanced discussions to raise about $1 billion in fresh funding from existing and new investors, including Tiger Global Management and Dragoneer Investment Group, according to people familiar with the matter, as the prediction markets exchange looks to cement its lead over arch-riva
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OpenAI’s annualized recurring revenue nears $70 billion, source says
Sept 29 : OpenAI’s annualized recurring revenue is approaching $70 billion, driven by a more than twofold increase in enterprise sales since July, a source familiar with the matter told Reuters on Tuesday.The startup’s annualized revenue run rate has risen by more than 70 per cent since the beginning of the t
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