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Meta taps MongoDB CEO Desai to drive enterprise AI push

Meta taps MongoDB CEO Desai to drive enterprise AI push

By Harshita Mary Varghese Sept 28 (Reuters) - Meta Platforms has poached MongoDB CEO Chirantan "CJ" Desai to spearhead a new business designed to bring the social media giant's AI tools to corporate customers.
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S&P 500 flat as higher bond yields counter tech optimism

S&P 500 flat as higher bond yields counter tech optimism

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 29 (Reuters) - The benchmark S&P 500 was flat on Tuesday, as rising government bond yields hurt risk sentiment and offset gains in AI-related stocks driven by optimism about Anthropic's plan to go public.
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Factbox-Anthropic IPO prospectus shows key executives and board

Factbox-Anthropic IPO prospectus shows key executives and board

Sept 28 (Reuters) - Anthropic's IPO prospectus, seen by Reuters, reveals its board and key executives at the helm of the AI giant, as it moves to beat its arch rival OpenAI to go public. 
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OpenAI's annualized recurring revenue nears $70 billion, source says

OpenAI's annualized recurring revenue nears $70 billion, source says

By Krystal Hu and Jaspreet Singh Sept 29 (Reuters) - 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.
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Wall St falls as bond yields test multi-decade highs

Wall St falls as bond yields test multi-decade highs

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 29 (Reuters) - US stocks were under pressure on Tuesday, with most sectors taking a hit as government bond yields resumed their uptrend, though gains in AI-linked stocks on optimism about Anthropic's plan to go public helped limit losses.
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AT&T signs over $3 billion fiber deal with Corning as data demand surges

AT&T signs over $3 billion fiber deal with Corning as data demand surges

Sept 29 (Reuters) - AT&T on Tuesday said it had signed a multi-year deal worth more than $3 billion with Corning to procure fiber and cable, as the telecom giant expands its network to meet surging demand for data. Corning shares rose 3.3% in premarket trading.
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Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

Nvidia sets biggest-ever buyback plan as AI chip competition weighs on stock performance

By Anhata Rooprai Sept 28 (Reuters) - Nvidia boosted its share buyback authorization by a record $150 billion, eclipsing Apple's $110 billion approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to peers.
FactFableFactFable
No, Google Pixel 11 Does Not Need to Beat iPhone Sales to Matter

No, Google Pixel 11 Does Not Need to Beat iPhone Sales to Matter

Measuring the Google Pixel's success by iPhone sales is missing the point. Here's why the Pixel matters for its strategic influence, not just its numbers.
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Europe's STOXX 600 slips as elevated bond yields outweigh tech gains

Europe's STOXX 600 slips as elevated bond yields outweigh tech gains

By Sudeshna Ghoshal and Purvi Agarwal Sept 29 (Reuters) - European shares closed lower on Tuesday as higher bond yields dampened risk appetite, outweighing gains in technology stocks that rose on the back of renewed AI optimism.
Arizona RepublicArizona Republic
Own an iPhone? You could be owed money. How to claim it in Arizona

Own an iPhone? You could be owed money. How to claim it in Arizona

Some eligible iPhone owners may qualify for a portion of a $250 million payout to resolve a lawsuit alleging Apple deceived consumers.
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Anthropic's IPO prospectus sharpens focus on AI valuations

Anthropic's IPO prospectus sharpens focus on AI valuations

Sept 29 (Reuters) - Anthropic is betting that AI will reshape the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters.
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Anthropic's IPO prospectus shows sweeping AI vision, surging costs

Anthropic's IPO prospectus shows sweeping AI vision, surging costs

By Echo Wang Sept 28 (Reuters) - Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. But the cost to get there will be staggering.