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Apollo Taps New AI Sector Head to Chase More Megafinancings

Apollo Global Management is looking to turn its blockbuster $35 billion Broadcom financing deal into repeat business, naming a new leader to coordinate teams and land more financing business from chipmakers and other tech companies at the center of the AI build-out. The firm in recent months tapped partner Reed Rayman to lead its chip-focused coverage, one piece of a broader strategy to source more digital infrastructure deals and connect them with investment teams across Apollo, two people...

Meta Debuts New AI Coding Tools

Muse Code and Muse Spark 1.2 mark Meta's latest push to narrow the gap with Anthropic and OpenAI.

White House Briefs Companies on Voluntary AI Framework

The Trump administration rolled out the new guidelines at an industry meeting on Tuesday.

Jeff Dean Leaves Google as Demis Hassabis Steps Aside as Google DeepMind CEO

The changes will likely strike a blow to morale at Google DeepMind, which has already seen a string of departures, and could complicate its efforts to catch up in the AI race.

Shopify Stock Soars on Strong Revenue Growth

Shopify president Harley Finkelstein said AI search was "particularly helpful to some of the smaller brands," which make up most of Shopify's merchant base.

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Disney’s Streaming Revenues Grow 11% Despite Ad Weakness

Disney's results showed that streaming growth is coming almost entirely from the subscription side, rather than advertising.

Uber Plans to Invest $10 Billion Over Time in Autonomous Vehicle Fleet Expansion

Uber has partnered with a very wide range of autonomous vehicle developers, making their cars available on its platform, as it endeavors to keep ahead of the technological transition.

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AMD Shares Fall After Hours Despite 50% Revenue Growth

Even with the stock slump, it’s still been a banner year for the chip designer.

OpenAI Calls Apple Lawsuit Careless and ‘Oddly Personal’

OpenAI claims a former employee ended up with sensitive material because of Apple’s own security errors

SpaceX First Earnings Report Since IPO Shows Heavy AI Spending

SpaceX reported $7.8 billion in revenue, up 92% from the previous year.

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Polymarket Seeks to Raise at Over $20 Billion Valuation

The prediction market is in early talks to raise about $1 billion, Bloomberg reports.

Spotify Reports 14% Higher Revenue

Spotify said ad revenue rose just 1% in the quarter, which is an improvement on the past three quarters where ad revenue fell as much as 6%.

Bending Spoons to Acquire Airtable for Around $1.3 Billion, Steep Drop from Pandemic Peak

The sale price is a big markdown from its 2021 high.
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