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IBM raises annual software revenue outlook as deal delays ease

Oct 21 : IBM finance chief James Kavanaugh on Wednesday said delayed software deals that rattled investors in the last quarter were beginning to close, as the company lifted its forecast for the business and reported better-than-expected…

IBM raises annual software revenue outlook as deal delays ease

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Meta to issue new class of shares as it tightens AI spending forecast

Oct 21 : Meta raised the lower end of its annual spending forecast on Wednesday and said it would introduce new non-voting shares, in a move that would help fund its costly AI expansion.Shares of the company rose more than 4 per cent in…

Meta to issue new class of shares as it tightens AI spending forecast

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EA to shutter BioWare studio, cut jobs as it narrows game slate

Oct 21 : Electronic Arts is planning to close BioWare, the developer of the "Mass Effect" series of games, and lay off employees to focus on more lucrative projects, the company said on Wednesday in an email to employees. Here are some…

EA to shutter BioWare studio, cut jobs as it narrows game slate

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BlackRock adds robotics ETF to growing ranks of AI-themed products

NEW YORK, Oct 21 : BlackRock rolled out another in a suite of exchange-traded funds tied to AI on Wednesday, even as the willingness of investors to wholeheartedly embrace the theme has hit speed bumps.The global asset manager said that…

BlackRock adds robotics ETF to growing ranks of AI-themed products

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Anthropic adds former Harvard science dean to oversight body

Oct 21 : Anthropic said on Wednesday that Christopher Stubbs, former dean of science at Harvard University, had joined its oversight body, which holds the power to appoint a majority of the AI startup's board.Here are some details:• The…

Anthropic adds former Harvard science dean to oversight body

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OpenAI expands ChatGPT ads to 26 more countries in bid to boost revenue

Oct 21 : OpenAI said on Wednesday it was expanding advertising on ChatGPT to 26 more countries, bringing the total to 89, as the AI company beefs up its advertising business to boost revenue ahead of a potential initial public offering.The…

OpenAI expands ChatGPT ads to 26 more countries in bid to boost revenue

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Orange says network incident disrupts mobile services across France

PARIS, Oct 21 : Telecoms operator Orange said on Wednesday that an incident affecting its mobile network in France was causing major disruptions to its customers across the country.Technical teams are working to identify the cause of the…

Orange says network incident disrupts mobile services across France

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South Korea's Korai Flix to go public in US via $3.5 billion SPAC deal

Oct 21 : South Korean entertainment platform Korai Flix will go public in the U.S. through a $3.5 billion merger with special purpose acquisition company APEX Tech Acquisition, the companies said on Wednesday.The deal comes as SPACs, an…

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Wall St says Tesla-SpaceX deal inevitable but Musk says it's not certain

Oct 21 : Elon Musk sees "a lot of merit" in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way.That tension runs…

Wall St says Tesla-SpaceX deal inevitable but Musk says it's not certain

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Toyota to recall about 105,800 US vehicles over fire risk, NHTSA says

Oct 21 : Toyota is recalling 105,794 vehicles in the US over a potential fuel leak that could raise the risk of fire if it reaches an ignition source, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.Here are…

Toyota to recall about 105,800 US vehicles over fire risk, NHTSA says

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China says APEC finance ministers agree to boost policy coordination

HONG KONG: Finance ministers from member economies in the Asia-Pacific Economic Cooperation (APEC) forum have agreed to strengthen macroeconomic policy communication and coordination to address external risks and challenges, Chinese…

China says APEC finance ministers agree to boost policy coordination

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State Bank of India reports cyberattack involving customer records

Oct 21 : State Bank of India on Wednesday reported a cyberattack that resulted in the disclosure of 3,897 customer records containing personally identifiable information on the dark web.SBI said a preliminary analysis showed that the…

State Bank of India reports cyberattack involving customer records

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Japan September exports rise 16.7% y/y, slower than forecast

TOKYO, Oct 21 : Japanese exports in September rose 16.7 per cent year-on-year, up for a 13th straight month, data from the Ministry of Finance showed on Wednesday.The result compared with a 20.1 per cent increase expected by economists in…

Japan September exports rise 16.7% y/y, slower than forecast

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Super Micro sees quarterly revenue soaring on AI server boom

Oct 20 : Super Micro Computer said on Tuesday it expects quarterly revenue and profit margin well above Wall Street estimates as the server maker benefits from relentless AI data center demand, sending its shares 11.3 per cent higher in…

Super Micro sees quarterly revenue soaring on AI server boom

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SpaceX quarterly revenue jumps, beats estimates as AI business surges

Oct 20 : Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be "a good idea" and that they had formed special committees to discuss a union, sending shares of the space and technology company up 4.9 per…

SpaceX quarterly revenue jumps, beats estimates as AI business surges
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