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Business

US Department of Justice Challenges HPE's $14 Billion Acquisition of Juniper Over Antitrust Concerns

The US Department of Justice has sued to block HPE's acquisition of Juniper Networks, citing antitrust concerns. The $14 billion deal could lead to higher prices, reduced innovatio...

Business

Italy Imposes Immediate Ban on DeepSeek: A Blow to AI Innovation

Italy's Data Protection Authority has immediately restricted DeepSeek, citing user protection, and launched an investigation. This follows DeepSeek V3's market impact, including a ...

Business

OpenAI Eyes $40 Billion Boost in Groundbreaking Funding Round

OpenAI is in talks for a $40 billion funding round, potentially raising its valuation to $340 billion. SoftBank may lead with a $15-25 billion investment, partly supporting the $18...

Business

Amazon Ramps Up Ad Spending on X, Signaling a Strategic Shift in Social Media Marketing

Amazon is increasing its advertising spend on X.com, reversing its previous decision to cut back due to content concerns. CEO Andy Jassy influenced this strategic shift, while Appl...

Business

Intel Faces a Challenging Quarter: Q4 Revenue Drops 7% to $14.3 Billion

Intel Corporation reports a 7% drop in Q4 revenue to $14.3 billion, with a significant GAAP diluted loss per share. The company also forecasts a challenging first quarter of 2025, ...

Business

Visa Reports a Stellar Start to 2025 with a 10% Revenue Surge to $9.5B

Visa Inc. announced a 10% revenue increase to $9.5 billion in Q1 2025, with a GAAP net income rise of 5% to $5.1 billion. CEO Ryan McInerney highlighted the strong holiday season s...

Business

Intel Reports a 7% Decline in Q4 Revenue to $14.3 Billion, Exceeding Analyst Expectations

Intel Corporation announced a 7% decline in Q4 revenue to $14.3 billion for fiscal year 2024, with earnings per share slightly above expectations at $0.13, showcasing resilience in...

Business

Amazon Revamps Ad Strategy with Increased Spending on X, Signaling a New Chapter

Amazon.com Inc. is significantly increasing its advertising spending on X.com, marking a strategic shift from its previous decision to pull back. CEO Andy Jassy's influence is nota...