Category: Business
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Elon Musk’s xAI buys new property in Memphis amid supercomputer expansion
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(Reuters) – Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the…
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Broadcom forecasts strong second quarter on upbeat AI chip demand
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By Zaheer Kachwala (Reuters) – Broadcom forecast second-quarter revenue above Wall Street expectations on strong demand for its…
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Marvell’s shares end worst day in 24 years as tepid revenue forecast reignites AI spending fears
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By Arsheeya Bajwa (Reuters) -Marvell Technology’s shares closed down 19.8%, marking their worst day in more than two…
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Trump hails $20 billion investment by shipping firm CMA CGM
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WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday said French-based shipping firm CMA CGM would invest $20…
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Walgreens to be taken private by Sycamore in $10 billion deal
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By Sabrina Valle and Abigail Summerville (Reuters) -Walgreens Boots Alliance will be taken private by Sycamore Partners for…
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Adobe Earnings Preview: Will AI Drive the Next Growth Phase or Weigh on Expectations?
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Adobe Inc. (NASDAQ: ADBE) is set to report its fiscal Q1 2025 earnings on March 12, after market close,…
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Amazon’s AWS forms new group focused on agentic AI
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By Greg Bensinger (Reuters) -Amazon.com has formed a new group focused on agentic artificial intelligence to help users…
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Nvidia-backed cloud firm CoreWeave reveals revenue surge in US IPO filing
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By Arasu Kannagi Basil (Reuters) -Nvidia-backed CoreWeave’s revenue surged more than eight-fold in 2024, the cloud provider disclosed…
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Exclusive-Kazakhstan hikes oil output to a record high of 2.12 million bpd in February, source says
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MOSCOW (Reuters) – Kazakhstan raised crude oil and gas condensate production in February by 13% from January to…
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Trump and TSMC announce new $100 billion plan to build five new US factories
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By David Shepardson, Steve Holland WASHINGTON (Reuters) -TSMC CEO C.C. Wei announced on Monday the Taiwanese semiconductor company…
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