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Microsoft says cash will keep flowing from AI, shares rise

Microsoft says cash will keep flowing from AI, shares rise

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni July 29 (Reuters) - Microsoft on Wednesday said it expects to keep generating cash through its just-started fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after an accounting change for data center leases.
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Microsoft cloud forecast beats estimates as cash keeps flowing from AI, shares rise

Microsoft cloud forecast beats estimates as cash keeps flowing from AI, shares rise

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni July 29 (Reuters) - Microsoft on Wednesday said it expects to keep generating cash through its fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after changing how it accounts for long-term data center leases.
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Microsoft beats Wall Street expectations with $90B in revenue

Microsoft beats Wall Street expectations with $90B in revenue

Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users
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Exclusive-OpenAI's rogue agent compromised a customer at a second tech firm, executive says

Exclusive-OpenAI's rogue agent compromised a customer at a second tech firm, executive says

By Deepa Seetharaman, Raphael Satter and Kenrick Cai WASHINGTON, July 28 (Reuters) - The rogue agent that escaped from OpenAI and went on a days-long hacking spree at the AI firm Hugging Face also compromised a customer at a second tech company — New York-based Modal Labs — according to a Modal
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Asian stock rout deepens on AI worries ahead of tech earnings

Asian stock rout deepens on AI worries ahead of tech earnings

By Ankur Banerjee SINGAPORE, July 29 (Reuters) - Asian stocks slid on Wednesday extending a brutal selloff as anxiety about AI valuations, rising competition and spending rocked markets ahead of crucial earnings from big tech firms and a U.S. Federal Reserve policy decision.
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US stocks rebound ahead of Fed decision, tech earnings

US stocks rebound ahead of Fed decision, tech earnings

By Karen Brettell and Sruthi Shankar July 28 (Reuters) - U.S. stocks rebounded from earlier lows on Tuesday ahead of key corporate earnings releases and the Federal Reserve's highly anticipated interest rate decision on Wednesday.
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Morning Bid: US profit growth mushrooms

Morning Bid: US profit growth mushrooms

By Mike Dolan July 29 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets In a clear illustration of just how high the bar is for Big Tech to impress markets, South Korean chip giant SK Hynix plunged again as a record six-fold jump in
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Minnesota IT officials disclose 'coordinated cyberattack' at more than 30 local water systems

Minnesota IT officials disclose 'coordinated cyberattack' at more than 30 local water systems

By AJ Vicens July 28 (Reuters) - A "coordinated cyberattack" targeted more than 30 community water systems in the U.S. state of Minnesota on July 26 and July 27, the state's IT agency said in a statement.
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Asian stocks stabilise after rout ahead of tech earnings, Fed decision

Asian stocks stabilise after rout ahead of tech earnings, Fed decision

By Ankur Banerjee SINGAPORE, July 29 (Reuters) - Asian stocks rebounded on Wednesday after a brutal selloff a day earlier as anxiety about valuations, rising competition and AI spending rocked markets ahead of crucial earnings from big tech firms and a Federal Reserve policy decision.
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OpenAI's Sam Altman discusses rogue agent and new AI models with US senators

OpenAI's Sam Altman discusses rogue agent and new AI models with US senators

By Courtney Rozen WASHINGTON, July 29 (Reuters) - OpenAI CEO Sam Altman on Wednesday said he is meeting with U.S. senators to talk about his company's upcoming models, more than a week after his company disclosed that one of its AI systems had ‌gone rogue during testing. 
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Morning Bid: China chip champ

Morning Bid: China chip champ

By Mike Dolan July 27 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A pause in the Iran conflict and a sizeable retreat in crude oil prices away from $100 per barrel offer some relief at the start of what's set to be another turbulent
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Nvidia Launches Open AI Security Alliance to Enhance Cyber Defense

Nvidia Launches Open AI Security Alliance to Enhance Cyber Defense

Nvidia Launches Open AI Security Alliance to Enhance Cyber Defense