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Activist Starboard Value takes major stake in AI software maker Dynatrace, WSJ reports

Activist Starboard Value takes major stake in AI software maker Dynatrace, WSJ reports

April 27 (Reuters) - Activist investor Starboard Value has taken a major stake in AI software maker Dynatrace and is advocating for strategic changes to help boost its share price, the Wall Street Journal reported on Monday, citing a draft of a letter by a senior executive.
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OpenAI breaks off Microsoft exclusivity to free up path for Amazon, Google deals

OpenAI breaks off Microsoft exclusivity to free up path for Amazon, Google deals

April 27 (Reuters) - Microsoft will no longer have exclusive access to OpenAI's artificial intelligence models and products, a significant change that will allow the startup to sell its technology across rival cloud platforms including Amazon and Google.
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Qualcomm surges on report of OpenAI tie-up for AI smartphone processors

Qualcomm surges on report of OpenAI tie-up for AI smartphone processors

April 27 (Reuters) - Qualcomm shares jumped 13% in premarket trading on Monday after an analyst said OpenAI was working with the chip designer and Taiwan's MediaTek to develop smartphone processors.
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Spotify forecasts second-quarter profit below estimates, shares fall

Spotify forecasts second-quarter profit below estimates, shares fall

April 28 (Reuters) - Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America. Shares of the company fell around 6% in premarket trading.
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Bill Ackman's Pershing Square IPO expected to raise $5 billion, sources say

Bill Ackman's Pershing Square IPO expected to raise $5 billion, sources say

By Svea Herbst-Bayliss April 27 (Reuters) - Billionaire hedge fund manager Bill Ackman is expected to raise $5 billion for his new closed-end fund that is part of a combined initial public offering of the alternative asset management company, sources told Reuters on Monday, making it one of the
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Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft

Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft

By Aditya Soni April 27 (Reuters) - Microsoft is rolling out its Copilot 365 AI assistant to all of Accenture's roughly 743,000 employees, in the biggest enterprise deal for the chatbot as the software giant seeks to convert more of its vast customer base into paying users.
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AI fears drive US stock investors to rethink long-term growth bets, says Goldman

AI fears drive US stock investors to rethink long-term growth bets, says Goldman

By Siddarth S April 28 (Reuters) - Fears that artificial intelligence could disrupt long-term U.S. corporate growth have renewed investor focus on how much of stock valuations depend on profits expected beyond the next decade, particularly in sectors such as software, Goldman Sachs analysts said.
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Big Tech investors to gauge payoff as AI spending set to hit $600 billion

Big Tech investors to gauge payoff as AI spending set to hit $600 billion

By Aditya Soni and Deborah Mary Sophia April 28 (Reuters) - Big Tech has spent hundreds of billions of dollars over three years to power the artificial intelligence boom. But investors still want one answer: will all this pay off?
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US stock index futures muted on stalled US-Iran peace talks

US stock index futures muted on stalled US-Iran peace talks

April 27 (Reuters) - Wall Street futures were muted early on Monday as peace talks between the U.S. and Iran stalled, while investors awaited a flood of earnings as well as commentary from the Federal Reserve meeting this week.
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Citigroup lifts AI market view to over $4 trillion on enterprise adoption

Citigroup lifts AI market view to over $4 trillion on enterprise adoption

April 28 (Reuters) - Citigroup raised its global artificial intelligence market forecast, citing faster-than-expected enterprise adoption of artificial intelligence tools for coding and automation, with companies such as Anthropic showing strong revenue growth.
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Google signs classified AI deal with Pentagon, The Information reports

Google signs classified AI deal with Pentagon, The Information reports

April 28 (Reuters) - Alphabet's Google joined a growing list of technology firms to sign a deal with the U.S. Department of Defense to use its artificial intelligence models for classified work, The Information reported on Tuesday, citing a person familiar with the matter.
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Analysis-Blocking of Meta's AI startup buy raises risk for cross-border China tech deals

Analysis-Blocking of Meta's AI startup buy raises risk for cross-border China tech deals

By Kane Wu, Laurie Chen and Eduardo Baptista BEIJING/HONG KONG/SINGAPORE, April 28 (Reuters) - China's blocking of Meta's acquisition of AI startup Manus will heighten the risk for global investors looking to invest in advanced tech firms with ties to the country amid Beijing's expansion of