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Saudi Arabia eyes data embassies amid sovereign AI push. Here’s what we know so far
As countries race to build domestic data centers in the name of sovereign AI, Saudi Arabia is betting on a more creative idea: data embassies. A data embassy is where data is stored outside of a country’s physical borders but operates under its laws, much like a diplomatic embassy. The concept is not new. Estonia established the first data embassy in 2017 and there’s only been one […]
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Broadcom is firing on all cylinders, and Wall Street can’t get enough of the stock
Broadcom shares hit an all-time high during Monday’s trading session after the emergence of another encouraging sign that the company’s custom chips are all the rage on the AI scene. The newest development comes from the tech website, The Information, which said Microsoft could be looking to move its custom chip business from Marvell Technology […]
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Confluent stock soars 29% as IBM announces $11 billion acquisition deal
IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025. Andy Wenstrand | Sxsw Conference & Festivals | Getty Images IBM announced Monday that it is acquiring data streaming platform Confluent in a deal worth $11 billion. Shares of Confluent soared 29% premarket. IBM stock sank about 1%. IBM […]
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How Ray Dalio would play the markets if he was still running Bridgewater
As talk of an AI-fueled bubble continues, Bridgewater Associates founder Ray Dalio broke down how he would play the market if he were still running the asset management firm. Speaking to CNBC on Monday, Dalio said that he would play the AI game but bet more on companies using the technology rather than hyperscalers: the […]
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The New York Times sues Perplexity, alleging copyright infringement
Davide Bonaldo | Lightrocket | Getty Images The New York Times on Friday filed a lawsuit against Perplexity, alleging the artificial intelligence startup has illegally copied and distributed its copyrighted content. The suit, filed in the Southern District of New York, accuses Perplexity of unlawfully scraping The Times’ stories, videos, podcasts and other content to […]
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Why healthcare is the ‘ultimate hedge’ against an AI correction, according to Kepler Cheuvreux
Key Points Talk of an AI bubble has grown since high-profile investor Michael Burry, known for predicting the housing meltdown ahead of 2008, revealed he is shorting AI players like Nvidia and Palantir. Healthcare, meanwhile, is recovering after a perfect storm, according to Kepler Cheuvreux analysts. The sector is also increasingly benefiting from AI adoption […]
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Asia-Pacific markets slide after subdued Wall Street session
Hong Kong Skyline Nikada | E+ | Getty Images Asia-Pacific markets opened lower Friday following a subdued Wall Street session. Australia’s ASX/S&P 200 fell 0.17%. Japan’s benchmark Nikkei 225 index lost 1.36%, while the Topix declined 1.12%. Yields on the Japanese 10-year government bond rose to 1.94%, the highest since July 2007, data from LSEG […]
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Salesforce CEO calls AI a ‘commodity feature’, says the technology bolsters enterprise software
As Wall Street worries that advancements in artificial intelligence will hurt enterprise software companies, Salesforce CEO Marc Benioff told CNBC’s Jim Cramer a large language model is “just a commodity feature” that strengthens his company’s products. “All these large language models are the same. We just want the lowest cost one, then we plug it […]
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S&P 500, Nasdaq close higher, extending gains for third day as investors await next week’s rate decision
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 25, 2025. Brendan McDermid | Reuters The S&P 500 and Nasdaq Composite rose slightly on Thursday as investors prepared for next week’s interest rate decision from the Federal Reserve. The broad-based index inched up 0.11% to close […]
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Google taps AI vibe-coder Replit in challenge to Anthropic and Cursor
Google Cloud announced Thursday a multi-year partnership with artificial intelligence coding startup Replit, giving the search giant fresh firepower against the coding products of rivals, including Anthropic and Cursor. Under the partnership, Replit will expand usage of Google Cloud services, add more of Google’s models onto its platform, and support AI coding use cases for […]
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