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...
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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...
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, ...
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...
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...
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...
US DoJ Challenges HPE's $14 Billion Acquisition of Juniper Over Antitrust Concerns
The US Department of Justice has sued to block HPE's $14 billion acquisition of Juniper Networks, citing antitrust concerns that could lead to higher prices, reduced innovation, an...
Italy Takes Immediate Action to Block DeepSeek Amid Data Protection Concerns
Italy's Data Protection Authority has immediately restricted DeepSeek to protect users, launching an investigation after its latest model outperformed competitors, causing signific...
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