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Antitrust police going after Nvidia, Microsoft and OpenAI - NYT. Amazon unit Zoox expands robotaxi testing to Austin, Miami. Tempus, AI-based diagnostics maker, sets terms for $400M IPO...
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(Bloomberg) -- Gideon Yu, the former chief financial officer of YouTube and Facebook, is leading an effort to raise about $500 million for a fund affiliated with Alphabet Inc.’s moonshot lab, X, according to people with knowledge of the matter.Most Read from BloombergA Struggling Business Park Deals a Blow to Singapore's Regional Hub AmbitionsBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayNvidia Tops $3 Trillion in Market Value, Leapfrogging Apple‘Everything Is Not Going to Be OK’...
Continue ReadingOn June 5, 2024, Sundar Pichai, CEO of Alphabet Inc (NASDAQ:GOOG), executed a sale of 22,500 shares of the company, according to the SEC Filing...
Continue ReadingInvesting.com -- Shares in Nvidia (NASDAQ:NVDA) ticked higher in premarket trading on Thursday, pointing to an extension to a rally in the prior session that saw the artificial intelligence chip designer top $3 trillion in market capitalization and overtake iPhone-maker Apple (NASDAQ:AAPL) as the world's second most valuable company...
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(Bloomberg) -- US regulators are investigating whether a deal Microsoft Corp. struck with AI startup Inflection may have been structured to avoid scrutiny, the Wall Street Journal reported, citing a person familiar with the matter.Most Read from BloombergA Struggling Business Park Deals a Blow to Singapore's Regional Hub AmbitionsBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayNvidia Tops $3 Trillion in Market Value, Leapfrogging Apple‘Everything Is Not Going to Be OK’ in Private E...
Continue ReadingAmazon plans to increase capital expenditures in 2024 to support the growth of AWS and generative AI. Read why I continue to rate AMZN stock as a buy...
Continue ReadingUnder the deal, the U.S. Department of Justice will take the lead in investigating whether Nvidia violated antitrust laws, while the FTC will examine the conduct of OpenAI and Microsoft, the report said. While OpenAI's parent is a nonprofit, Microsoft has invested $13 billion in a for-profit subsidiary, for what would be a 49% stake...
Continue ReadingCanaccord Genuity analysts have raised their price target for Tesla (NASDAQ:TSLA), and revised their delivery estimates for the upcoming quarter and the 2024 fiscal year...
Continue ReadingGoogle's revenue growth momentum shines, with dominance in digital advertising and a promising potential in the autonomous driving industry. Read more here...
Continue ReadingAfter years of playing it safe with general artificial intelligence, Apple is set to unveil new features next week...
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