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Reuters - 5 days ago

Echoes of dotcom bubble haunt driven US stock market

ANALYSIS-Echoes of dotcom bubble haunt AI-driven US stock market By Lewis Krauskopf NEW YORK, July 2 (Reuters) - A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology.
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Reuters - 1 week ago

EU regulators to decide on $14 bln Juniper deal by Aug. 1

EU regulators to decide on $14 bln HP-Juniper deal by Aug. 1 By Foo Yun Chee BRUSSELS, June 28 (Reuters) - EU antitrust regulators will decide by Aug. 1 whether to clear Hewlett Packard Enterprise's HPE.N $14 billion acquisition of networking gear maker Juniper Networks JNPR.N , a filing on the European Commission website showed on Friday. The deal announced in January would boost HPE's artificial intelligence (AI) products and double its networking business, underscoring the push by numerous co
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Reuters - 3 weeks ago

AI fever drives Nvidia’s rise to world’s most valuable company

RPT-GRAPHIC-AI fever drives Nvidia’s rise to world’s most valuable company Repeats story first published on Tuesday. By Lewis Krauskopf NEW YORK, June 18 (Reuters) - Nvidia NVDA.O has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years.
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Reuters - 3 weeks ago

AI fever drives Nvidia’s rise to world’s most valuable company

GRAPHIC-AI fever drives Nvidia’s rise to world’s most valuable company Adds closing share price in paragraph 2, updates market value By Lewis Krauskopf NEW YORK, June 18 (Reuters) - Nvidia NVDA.O has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years.
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Reuters - 3 weeks ago

AI fever drives Nvidia’s rise to world’s most valuable company

GRAPHIC-AI fever drives Nvidia’s rise to world’s most valuable company By Lewis Krauskopf NEW YORK, June 18 (Reuters) - Nvidia NVDA.O has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years. Nvidia shares rose about 3% on Tuesday, giving it a market value of about $3.33 trillion.
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Reuters - 3 weeks ago

Cisco to establish cybersecurity centre in Taiwan

Cisco to establish cybersecurity centre in Taiwan TAIPEI, June 17 (Reuters) - U.S. networking equipment maker Cisco CSCO.O said on Monday it would set up a cybersecurity centre in Taiwan and work with the government to train more people to work in the sector. Democratically governed Taiwan, which Beijing views as its own territory, has repeatedly complained of cyberattacks coming from China, targeting government officials and departments as well as tech firms as part of a broader pressure campai
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Reuters - 3 weeks ago

Former Cisco Systems Technology Executive Appointed To Tyson Foods Board Of Directors

BRIEF-Former Cisco Systems Technology Executive Appointed To Tyson Foods Board Of Directors Cisco Systems Inc CSCO.O : FORMER CISCO SYSTEMS TECHNOLOGY EXECUTIVE APPOINTED TO TYSON FOODS BOARD OF DIRECTORS TYSON FOODS INC: APPOINTMENT OF MARIA N. MARTINEZ INCREASES NUMBER OF DIRECTORS ON TYSON FOODS BOARD TO 15, WITH 11 INDEPENDENT DIRECTORS Source
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Reuters - 3 weeks ago

Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Updates headline, recasts first paragraph June 12 (Reuters) - Companies in the U.S. and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly.
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Reuters - 3 weeks ago

US, Canadian companies kick off 2024 with layoffs

FACTBOX-US, Canadian companies kick off 2024 with layoffs Adds FedEx layoffs June 12 (Reuters) - Companies in the United States and Canada have extended their job cuts into 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime unit , 5% at audi
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Reuters - 4 weeks ago

Mistral AI raises 600 mln euros in latest funding round

UPDATE 1-Mistral AI raises 600 mln euros in latest funding round Adds valuation in paragraph 2 By Yuvraj Malik and Krystal Hu June 11 (Reuters) - Fra nce's Mistral AI has raised 600 million euros ($643.7 million) in a funding round led by existing investor General Catalyst, it said on Tuesday, as AI continues to draw the bulk of technology-focused venture capital funds .
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Reuters - 4 weeks ago

Mistral AI raises 600 mln euros led by General Catalyst

Mistral AI raises 600 mln euros led by General Catalyst June 11 (Reuters) - French tech company Mistral AI said on Tuesday it had raised 600 million euros ($643.7 million) in a funding round led by existing investor General Catalyst. The Series-B round included investments from firms such as Lightspeed, Andreessen Horowitz, Cisco Systems CSCO.O and Nvidia NVDA.O , bringing the AI startup's total funding in the past one year to more than 1 billion euros.
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Reuters - 1 month ago

Cisco launches $1 bln AI fund and makes first investments

Cisco launches $1 bln AI fund and makes first investments STOCKHOLM, June 4 (Reuters) - Cisco CSCO.O on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms. The company, through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200 million of the fund, it said.
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Reuters - 1 month ago

Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says

Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says By Krystal Hu June 4 (Reuters) - Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia NVDA.O and Salesforce Ventures CRM.N , as well as new investors including Cisco CSCO.O and Canadian pension fund PSP Investments, according to a source familiar the matter.
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Reuters - 1 month ago

Big Tech develops AI networking standard but without chip leader Nvidia

UPDATE 1-Big Tech develops AI networking standard but without chip leader Nvidia Updates with Nvidia's response in paragraph 11 May 30 (Reuters) - Major tech firms, including Meta META.O , Microsoft MSFT.O , Advanced Micro Devices AMD.O and Broadcom AVGO.O , said on Thursday they have developed a new industry standard for networking in AI data centers, the latest effort to break the dominance of market leader Nvidia NVDA.O .
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Reuters - 1 month ago

Major tech firms develop AI networking standard but without major player Nvidia

Major tech firms develop AI networking standard but without major player Nvidia May 30 (Reuters) - Major tech firms, including Meta META.O , Microsoft MSFT.O , Advanced Micro Devices AMD.O and Broadcom AVGO.O , said on Thursday they have developed a new industry standard for networking in AI data centers, the latest effort to break the dominance of market leader Nvidia NVDA.O .
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Reuters - 1 month ago

CIT Northbridge Credit Provides $75 Million To Cisco Equipment Rentals

BRIEF-CIT Northbridge Credit Provides $75 Million To Cisco Equipment Rentals May 30 (Reuters) - Cisco Systems Inc CSCO.O : CIT NORTHBRIDGE CREDIT PROVIDES $75 MILLION TO CISCO EQUIPMENT RENTALS Source text for Eikon: ID:nPn7pD0tFa Further company coverage: CSCO.O
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Reuters - 1 month ago

Lenovo And Cisco Announce Strategic Partnership To Simplify Path To AI Innovation

BRIEF-Lenovo And Cisco Announce Strategic Partnership To Simplify Path To AI Innovation May 30 (Reuters) - Lenovo Group Ltd 0992.HK : LENOVO AND CISCO ANNOUNCE STRATEGIC PARTNERSHIP TO SIMPLIFY PATH TO AI INNOVATION Source text for Eikon: ID:nBw1j04h6a Further company coverage: 0992.HK
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Reuters - 1 month ago

AMD, Broadcom, Cisco, Google, Hpe, Intel, Meta, Microsoft Form Ultra Accelerator Link Promoter Group To Drive Data Center Ai Connectivity

BRIEF-AMD, Broadcom, Cisco, Google, Hpe, Intel, Meta, Microsoft Form Ultra Accelerator Link Promoter Group To Drive Data Center Ai Connectivity May 30 (Reuters) - Advanced Micro Devices Inc AMD.O : AMD, BROADCOM, CISCO, GOOGLE, HPE, INTEL, META, MICROSOFT FORM ULTRA ACCELERATOR LINK PROMOTER GROUP TO DRIVE DATA CENTER AI CONNECTIVITY UALINK PROMOTE
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Reuters - 1 month ago

Cisco Announces June 2024 Events With The Financial Community

BRIEF-Cisco Announces June 2024 Events With The Financial Community May 28 (Reuters) - Cisco Systems Inc CSCO.O : CISCO ANNOUNCES JUNE 2024 EVENTS WITH THE FINANCIAL COMMUNITY Source text for Eikon: ID:nPn8DMKV3a Further company coverage: CSCO.O
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Reuters - 1 month ago

Nutanix rises after brokerages raise PT

BUZZ-Nutanix rises after brokerages raise PT ** Shares of cloud services company Nutanix NTNX.O rise 1.9% to $72.80 ** Barclays raises PT to $81 from $68, J.P. Morgan lifts it to $80 from $70 - LSEG data ** Barclays sees "continued share gains and expanding pipelines as well as increased private cloud repatriation" ** J.P. Morgan sees continued str
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