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Analysis-Biggest IPO wave in history promises $3 trillion in value – with no profits

Analysis-Biggest IPO wave in history promises $3 trillion in value – with no profits

By Shashwat Chauhan, Purvi Agarwal and Medha Singh April 23 (Reuters) - SpaceX, OpenAI and Anthropic are shaping up to deliver the largest wave of initial public offerings in history and the three companies are losing money, a combination without precedent in U.S. market debuts.
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Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

LONDON, April 21 (Reuters) - Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, a London tribunal ruled on Tuesday.
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Meta breaks ground on over $1 billion data center in Oklahoma's Tulsa

Meta breaks ground on over $1 billion data center in Oklahoma's Tulsa

April 21 (Reuters) - Meta Platforms said on Tuesday it has begun construction on a new data center in Tulsa, Oklahoma, a project valued at more than $1 billion, as the Facebook-parent races to build AI infrastructure for securing computing power.
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GE Vernova lifts annual revenue, profit margin forecasts on data center demand

GE Vernova lifts annual revenue, profit margin forecasts on data center demand

April 22 (Reuters) - GE Vernova on Wednesday raised its annual forecasts for revenue and adjusted core profit margin, helped by strong demand from data centers for its power equipment. Its shares rose 4.2% in premarket trading.
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Alphabet Unveils New AI Chips Amid Growing Data Center Demand

Alphabet Unveils New AI Chips Amid Growing Data Center Demand

Alphabet Unveils New AI Chips Amid Growing Data Center Demand
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AI Infrastructure Race Intensifies Among Global Tech Giants

AI Infrastructure Race Intensifies Among Global Tech Giants

AI Infrastructure Race Intensifies Among Global Tech Giants
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Tech Giants Invest in AI Infrastructure to Boost Latin American Productivity

Tech Giants Invest in AI Infrastructure to Boost Latin American Productivity

Tech Giants Invest in AI Infrastructure to Boost Latin American Productivity
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Explainer-What do we know about Anthropic's Mythos amid rising concerns?

Explainer-What do we know about Anthropic's Mythos amid rising concerns?

April 20 (Reuters) - Anthropic earlier this month debuted Mythos, its most advanced AI model to date, equipped with sophisticated capabilities and designed for defensive cybersecurity tasks.
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OpenAI leans on global consultancies to expand Codex use in large companies

OpenAI leans on global consultancies to expand Codex use in large companies

April 21 (Reuters) - OpenAI said on Tuesday it is expanding partnerships with major global consulting firms to speed up enterprise adoption of its Codex artificial intelligence tools, as competition in the rapidly evolving AI market intensifies.
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Space investment in first quarter hits record as SpaceX IPO buzz lifts sector

Space investment in first quarter hits record as SpaceX IPO buzz lifts sector

By Akash Sriram April 21 (Reuters) - Global investment in space companies surged to a record in the first quarter of 2026, driven by larger late-stage financing and growing investor enthusiasm over SpaceX's public market debut, data from investment firm Seraphim Space showed on Tuesday.
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Marvell shares gain on report of deal talks with Google to develop two AI chips

Marvell shares gain on report of deal talks with Google to develop two AI chips

April 20 (Reuters) - Marvell Technology's shares jumped 7% in premarket trading on Monday following a report that Alphabet's Google is in talks with the chip designer to develop two new chips aimed at running AI models more efficiently.
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US stock futures climb as AI optimism tempers Middle East concerns

US stock futures climb as AI optimism tempers Middle East concerns

April 21 (Reuters) - U.S. stock index futures rose on Tuesday as renewed artificial intelligence optimism bolstered markets battered by repeated back-and-forth linked to headlines about the Middle East conflict. J.P.