OpenAI in talks to raise funds at $150 billion valuation, Bloomberg News reports
(Reuters) -AI heavyweight OpenAI is in talks to raise funds at a valuation of $150 billion, Bloomberg News reported on…
Business
Amazon’s AWS to invest $1.8 billion in Brazil through 2034
SAO PAULO (Reuters) -Amazon’s cloud computing arm, Amazon Web Services (AWS), will invest 10.1 billion reais ($1.8 billion) in Brazil…
Broadcom shares slump as revenue target disappoints investors hoping for big AI boost
(Reuters) – Broadcom’s shares slid about 9% in premarket trading on Friday, after the chipmaker’s revenue forecast spooked investors betting…
Intel rises as report of chipmaker exploring options stokes investor enthusiasm
(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker…
NFL allows private equity firms to buy up to 10% stake
(Reuters) -The owners of the National Football League (NFL) have allowed some private equity firms to buy up to a…
Apple targets Sept. 10 debut for new iPhones, AirPods and watches, Bloomberg News reports
(Reuters) – Apple is planning its biggest product launch event of the year on Sept. 10, during which it will…
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
By Max A. Cherney (Reuters) -AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion…
Palo Alto forecasts annual results above estimates on robust cybersecurity demand
(Reuters) -Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing…
Barclays planned to pull out of Israel’s bond auctions under activist pressure, FT reports
(Reuters) -Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to…
Lilly demands doctors stop selling copycat weight-loss drugs
By Sriparna Roy and Christy Santhosh (Reuters) -Eli Lilly has sent cease-and-desist letters to U.S. healthcare providers in recent days…