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Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet closes in on Nvidia's spot as world's biggest company

By Shashwat Chauhan May 5 (Reuters) - Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business.
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Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

May 5 (Reuters) - Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday, citing a person with knowledge of the matter.
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Apple to let users choose rival AI models across iOS 27 features, Bloomberg News reports

Apple to let users choose rival AI models across iOS 27 features, Bloomberg News reports

May 5 (Reuters) - Apple will allow users to select from third-party artificial intelligence models for tasks such as generating and editing text and images, across its iOS 27 features, Bloomberg News reported on Tuesday.
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Big Tech's AI Spending Under Scrutiny Amid Market Volatility

Big Tech's AI Spending Under Scrutiny Amid Market Volatility

Big Tech's AI Spending Under Scrutiny Amid Market Volatility
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Alphabet taps euro bond market with six-tranche offering amid AI spending surge

Alphabet taps euro bond market with six-tranche offering amid AI spending surge

May 5 (Reuters) - Alphabet on Tuesday disclosed that it was selling euro-denominated bonds across six tranches, months after it raised about $32 billion in debt by tapping the dollar, sterling and Swiss franc markets.
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Why Intel, Apple and Venture Capital Changed California

Why Intel, Apple and Venture Capital Changed California

Silicon Valley is synonymous with technological innovation and entrepreneurship. Located in the San Francisco Bay Area, this region has become a gl...
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Super Micro forecasts quarterly revenue above estimates, shares climb

Super Micro forecasts quarterly revenue above estimates, shares climb

May 5 (Reuters) - Super Micro Computer on Tuesday forecast fourth-quarter revenue and adjusted profit above Wall Street estimates, banking on robust demand for its artificial intelligence servers, sending shares up 17% in extended trading.
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Trading Day: Rarified AIr

Trading Day: Rarified AIr

By Jamie McGeever ORLANDO, Florida, May 5 (Reuters) - The S&P 500 and Nasdaq sailed to new highs on Tuesday, riding the crest of yet another wave of optimism around the artificial intelligence boom.
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U.S. Stock Market Rises Despite Economic Concerns Amid AI Boom

U.S. Stock Market Rises Despite Economic Concerns Amid AI Boom

U.S. Stock Market Rises Despite Economic Concerns Amid AI Boom
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Big Tech Earnings Highlight AI Trade Winners and Losers Amid Market Divergence

Big Tech Earnings Highlight AI Trade Winners and Losers Amid Market Divergence

Big Tech Earnings Highlight AI Trade Winners and Losers Amid Market Divergence
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Nvidia CEO Jensen Huang Criticizes Extreme AI Job Loss Predictions

Nvidia CEO Jensen Huang Criticizes Extreme AI Job Loss Predictions

Nvidia CEO Jensen Huang Criticizes Extreme AI Job Loss Predictions
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Big Tech Earnings Highlight Divergence in AI Trade Success

Big Tech Earnings Highlight Divergence in AI Trade Success

Big Tech Earnings Highlight Divergence in AI Trade Success