Generative AI ‘FOMO’ is driving tech heavyweights to invest billions of dollars in startups
Tech giants are backing artificial intelligence startups, often investing huge sums in exchange for access to the technology. Source link
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Alphabet Inc.
Investor Brad Gerstner bought notable first-quarter underperformers Tesla and Alphabet on the dip
Altimeter Capital's Brad Gerstner is betting on some of the first quarter's biggest technology underperformers. Source link
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FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE
FTX reached an agreement to sell the majority of its stake in the artificial intelligence startup Anthropic for $884 million.
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Ericsson will cut 1,200 jobs in Sweden
Ericsson announced on Monday that it will lay off around 1,200 employees in Sweden as the telecom company faces slowed
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day. Source link
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Two fresh ways to play the weight loss and megacap tech hype
A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. Source
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Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia
Sovereign wealth funds and other investors are jostling to buy into an Anthropic stake. But the company has ruled out
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Reddit pops as much as 70% in NYSE debut after selling shares at top of range
Reddit entered the public market on Thursday, betting that a wider swath of investors will buy into the 19-year-old social
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Reddit prices IPO at $34 per share in first major social media offering since 2019
Reddit priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion. Source
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