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Google signs deal with nuclear company as data center power demand surges

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People take photos in front of a giant Google logo at Google's Bay View campus in Mountain View, California on Aug 13, 2024 where...
Bussiness

OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity

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OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news...
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OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round

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OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster...
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Sam Altman tells OpenAI staff there’s no plan for him to receive a ‘giant equity stake’ in company

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At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a "giant equity stake" in the...
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Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer

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Phil Spencer, executive vice president at Microsoft, speaks at the company's Xbox One X reveal event ahead of the E3 Electronic Entertainment Expo in...
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Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report

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Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersFor Nvidia investors,...
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Is Nvidia’s earnings report really make or break? Here’s why we don’t think so

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Nvidia is set to report earnings next week, and investors are understandably on edge given the swings in shares of the artificial intelligence chipmaker...
Bussiness

CNBC Daily Open: Wall Street soars; Starbucks ousts CEO

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Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty ImagesThis...
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Amazon’s $4 billion investment in AI firm Anthropic faces UK merger investigation

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Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic.Chesnot | Getty ImagesLONDON — E-commerce giant Amazon's multibillion-dollar investment in the U.S. artificial intelligence firm...
Bussiness

Could Antitrust Ruling Against Google Bring Breakup of the Company?

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Alphabet Inc.’s Google lost the biggest antitrust challenge it has faced when a US judge found Aug. 5 that it illegally monopolized the search...
Bussiness

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound

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A trader works on the floor of the New York Stock Exchange.NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC...
Bussiness

Japan stocks rebound over 10% after historic losses; other Asia markets were also up

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Employees work in the trading room inside the Mitsubishi UFJ Trust and Banking head office in Tokyo, Japan, on Tuesday, March 19, 2024.Bloomberg |...
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