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Wall Street's biggest banks just landed Anthropic IPO

Wall Street's biggest banks just landed Anthropic IPO

The biggest companies rarely go public because they are short on cash. They go public because the people who built them, and the investors who funded them, eventually want a way to turn paper wealth into real money. For most of the past four years, that exit door stayed mostly shut. Valuations ...
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Target hijacks Amazon to keep winning shoppers back

Target hijacks Amazon to keep winning shoppers back

For the past year, many big retailers have been battling to attract the cash-strapped American consumers. Then there’s Target, which also faced a set of challenges of its own, stemming from several controversies and boycotts over its Pride collection and the scaling back of its DEI (diversity, ...
Reuters Reuters
Analysis-Europe's tech 'liberation day'? Computer says not yet

Analysis-Europe's tech 'liberation day'? Computer says not yet

By Toby Sterling AMSTERDAM, June 4 (Reuters) - As the European Union unveiled its technology sovereignty package on Wednesday, a top official posted in glee: "Today is Tech Liberation Day". True technological independence from U.S. Big Tech, however, will take longer to attain.
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Anthropic scales its most powerful AI a day after filing to IPO

Anthropic scales its most powerful AI a day after filing to IPO

Money is a story we agree to believe. A dollar buys a dollar's worth because we all act as if it does, and a company is worth whatever the next buyer will pay, not a penny more. For most of the past century, the biggest stores of that belief were countries and the giant public companies their ...
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Amazon Enhances Proteus Robot with Natural-Language Capabilities for European Expansion

Amazon Enhances Proteus Robot with Natural-Language Capabilities for European Expansion

Amazon Enhances Proteus Robot with Natural-Language Capabilities for European Expansion
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Skytech Gaming PC with AMD Ryzen 7 and Radeon RX 9070 XT Offered at Discount

Skytech Gaming PC with AMD Ryzen 7 and Radeon RX 9070 XT Offered at Discount

Skytech Gaming PC with AMD Ryzen 7 and Radeon RX 9070 XT Offered at Discount
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Bank of America has a bold new message for AI skeptics

Bank of America has a bold new message for AI skeptics

Every transformative technology shows up twice. First as a promise, loud and unavoidable, the kind that floods your phone, your group chats, and your retirement account. Then as a line item, quiet and underwhelming, buried in productivity data almost nobody reads. Right now, artificial intelligence ...
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Amazon Expands Grocery Delivery and Pickup Services at Bashas' Locations in Arizona

Amazon Expands Grocery Delivery and Pickup Services at Bashas' Locations in Arizona

Amazon Expands Grocery Delivery and Pickup Services at Bashas' Locations in Arizona
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U.S. Home Values Experience Largest Decline in a Decade Amid Economic Shifts

U.S. Home Values Experience Largest Decline in a Decade Amid Economic Shifts

U.S. Home Values Experience Largest Decline in a Decade Amid Economic Shifts
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Taiwan Semiconductor Manufacturing Sees Stock Increase Amid Strong AI Demand

Taiwan Semiconductor Manufacturing Sees Stock Increase Amid Strong AI Demand

Taiwan Semiconductor Manufacturing Sees Stock Increase Amid Strong AI Demand
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Analysis-US tech stocks' market dominance reaches new heights and presents new risks

Analysis-US tech stocks' market dominance reaches new heights and presents new risks

By Lewis Krauskopf NEW YORK, June 3 (Reuters) - The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group -- and more vulnerable should those market leaders trip up.
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Australia's Megaport secures four new AI infrastructure contracts, to raise $594 million

Australia's Megaport secures four new AI infrastructure contracts, to raise $594 million

June 3 (Reuters) - Australia's Megaport said on Wednesday it has secured four new AI infrastructure contracts with a total contract value of about A$458.9 million ($329.49 million), and launched a fully underwritten entitlement offer to raise A$827.3 million ($594 million).