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AI anxiety sparks tech rout, broad selloff in Asian markets - Euronext Markets: Real-time Stock Market Data | live
1+ hour, 40+ min ago (480+ words) SINGAPORE, July 28 (Reuters) - Asian markets fell on Tuesday led by chipmakers on unease about the massive funding demands of the AI boom, while a slide in oil prices did relatively little to lift bonds and left traders nervous about U.S. rate…...
OpenAI to triple workforce at Dublin European headquarters to 350 - Euronext Markets: Real-time Stock Market Data | live
16+ hour, 29+ min ago (193+ words) DUBLIN, July 27 (Reuters) - OpenAI is to more than triple its headcount at its European headquarters in Dublin to 350, the ChatGPT maker said on Monday as it announced it was leasing 8,000 square meters (88,000 square feet) of office space in the city's…...
Samsung Elec wins $200 billion Broadcom AI chip partnership, boosting foundry push - Euronext Markets: Real-time Stock Market Data | live
2+ day, 18+ hour ago (255+ words) SEOUL, July 25 (Reuters) - Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract chip making and advanced packaging envisaged to exceed $200 billion until 2030. Winning long-term production commitments from Broadcom, one…...
Aerospace fights for young recruits as AI drains talent pool - Euronext Markets: Real-time Stock Market Data | live
3+ day, 10+ hour ago (506+ words) By Joanna Plucinska and Shivansh Tiwary FARNBOROUGH, England, July 24 (Reuters) - For Hassan Butt, a 17-year-old British student volunteering at the Farnborough airshow this week, there was nothing cooler than watching the planes and thinking about the physics that kept them…...
Intel forecast crushes estimates as AI boom boosts chip demand; shares jump | live
4+ day, 1+ hour ago (714+ words) By Anhata Rooprai and Stephen Nellis July 23 (Reuters) - Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 5.2% in after-hours trade and helping prompt the company to boost spending plans over the next two years as…...
World stocks head for weekly fall, yields at multi-decade highs as oil fuels inflation fears - Euronext Markets: Real-time Stock Market Data | live
3+ day, 19+ hour ago (811+ words) By Stella Qiu and Shashwat Chauhan July 24 (Reuters) - World stocks were headed for a weekly loss and long-dated bond yields hovered around multi-decade highs on Friday, as a near-40% rise in oil prices this month due to the intensifying conflict…...
India's Coforge secures over $230 million AI transformation contract with European client - Euronext Markets: Real-time Stock Market Data | live
3+ day, 22+ hour ago (163+ words) July 24 (Reuters) - India's Coforge said on Friday it had secured a five-year contract worth more than $230 million with a major European client, without naming the customer, for an AI-led business transformation program. • The IT services company said the engagement, one…...
Nvidia, Amkor strike $1.5 billion chip packaging deal - Euronext Markets: Real-time Stock Market Data | live
4+ day, 6+ hour ago (190+ words) July 23 (Reuters) - Amkor Technology said on Thursday it had entered a multi-year agreement with Nvidia worth $1.5 billion to expand advanced semiconductor packaging and test capacity in the U.S., as the chip industry races to build out AI infrastructure. Shares of the…...
Stocks sink on Big Tech cash burn; oil hits $100 for first time since May - Euronext Markets: Real-time Stock Market Data | live
4+ day, 13+ hour ago (745+ words) By Lawrence Delevingne and Marc Jones July 23 (Reuters) - Oil prices spiked to $100 a barrel for the first time since May, major tech giants knocked U.S. stocks lower, and Europe's borrowing costs spiked to long-term highs in an unsettling day across markets…...
Alphabet's cash burn raises alarm for Big Tech as AI spending climbs - Euronext Markets: Real-time Stock Market Data | live
4+ day, 14+ hour ago (688+ words) By Aditya Soni and Deborah Mary Sophia July 23 (Reuters) - Alphabet's first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the world's most profitable companies, and the pain…...