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Amazon, Meta again Scale AI in $1 billion funding offer that values agency at $14 billion
Scale AI CEO Alex Wang, still left. Scale AI Artificial intelligence startup Scale AI mentioned Tuesday that it has raised $1 billion in a Series F funding round that values the organization tech firm at $13.8 billion — just about double its last reported valuation. The San Francisco-primarily based business, ranked No. 12 on this year’s CNBC Disruptor […]
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Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
Barbara Furlow-Smiles attends the 2020 Sisters’ Awards at Skirball Cultural Center on March 08, 2020 in Los Angeles, California. Robin L. Marshall | Getty Images A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing more than $5 million from those companies that had been […]
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Stocks making the biggest moves midday: Walmart, Deere, Meta, Chubb and more
Check out the companies making headlines in midday trading: Meta — Shares pulled back 1.3% after the European Union opened a probe into the company regarding child safety concerns on social media platforms Facebook and Instagram. Deere — Deere shares slipped about 3% after the maker of agricultural equipment cut its full-year guidance. The company […]
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Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Walmart shopping bag is seen in Krakow, Poland on February 9, 2024. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in premarket trading. Under Armour — The sportswear maker’s Class A shares slumped 11% and its Class C stock fell […]
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Wayfair to open its first large store, as physical locations make a comeback
Wayfair store in Wilmette, Illinois. Courtesy: Wayfair What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading consumers to […]
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Meta slapped with child safety probe under sweeping EU tech law
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Alex Wong | Getty Images Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc’s strict online content law […]
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David Tepper’s Appaloosa is betting big on Chinese tech stocks
Billionaire investor David Tepper’s hedge fund increased its bets on Chinese tech stocks during the first three months of 2024, while dialing back exposure to some key domestic names. Appaloosa Management’s quarterly report on Wednesday showed that Alibaba is now its top holding after buying several hundred million dollars worth of shares. Similarly, the fund […]
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Dell surges 9% on optimism it has secured big AI server orders
Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Joan Cros | Nurphoto | Getty Images Dell shares rose more than 9% on Wednesday to an all-time high after Morgan Stanley raised its price target and predicted that the company would […]
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Instagram co-founder Mike Krieger joins Amazon-backed Anthropic
Omar Marques | Lightrocket | Getty Images Instagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday. Krieger, the former chief technology officer of Meta-owned Instagram, grew the platform to 1 billion users and increased its engineering team to more than 450 people during his time there, […]
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Amazon’s visual appearance at Upfronts highlights thrust outside of digital adverts and into regular media
Rafael Henrique | Lightrocket | Getty Photographs Amazon has come to be a expanding menace to electronic ad incumbents Meta and Google, attracting billions of pounds a quarter from brand names that are making an attempt to attain the masses of shoppers who swarm to the website on a daily foundation. But it is no […]
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