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Microsoft will invest $1.5 billion in a tech company backed by the U.A.E., a deal that includes an intergovernmental pact to ensure artificial-intelligence security.
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Meta stock plunges 15% as company plans to invest heavliy in artificial intelligence
Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.NBC News - Top stories -
BlackRock-Backed $1.4 Billion Fund Proves There's Cash to Make in Climate Tech
BlackRock's Decarbonization Partners raised its first fund amid growing investor interest in climate tech.Inc. - Business - Climate -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Amazon said it would let companies use their own generative artificial-intelligence models inside its AI app development platform.
Amazon said it would let companies use their own generative artificial-intelligence models inside its AI app development platform.The Wall Street Journal - World -
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.The Wall Street Journal - World -
Hipgnosis agreed to an improved $1.51 billion takeover by Apollo-backed music company Concord, trumping an approach from Blackstone.
Hipgnosis agreed to an improved $1.51 billion takeover by Apollo-backed music company Concord, trumping an approach from Blackstone.The Wall Street Journal - World -
Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech
ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.CNBC - Business -
Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI
Tech giant Cisco Systems has joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethicallyABC News - World -
Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss
Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.CNBC - Business -
Meta Platforms reported record first-quarter revenue as the company's advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.
Meta Platforms reported record first-quarter revenue as the company’s advertising business grew at a rapid clip even as investors soured on forecasts of rising costs related to artificial intelligence.The Wall Street Journal - World
More from The Wall Street Journal
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Blinken Begins High-Stakes Middle East Trip Aimed at Gaza Cease-Fire
Washington hopes to delay an Israeli invasion of Rafah as protests rile U.S. campuses and Israel’s isolation deepens.The Wall Street Journal - World -
Australia Shares Set to Build on Week-Opening Gains
Australia’s S&P/ASX 200 looks set to edge higher at the open, building on its week-opening gains following a positive lead by U.S. equities.The Wall Street Journal - World - Australia -
NBC Prepares $2.5-Billion-a-Year Bid to Pluck NBA Rights From TNT
The league is in advanced stages of a new round of media-rights deals. Disney’s payments would increase under a proposed deal.The Wall Street Journal - World - NBA -
Columbia Turns Up Pressure on Pro-Palestinian Student Protesters
Alumni, donors and Democrats had called on the school to disband encampment.The Wall Street Journal - World -
Protectionism Won't Save U.S. Steel's Jobs
Its Japanese suitor, Nippon Steel, has the capital it needs to make it competitive again.The Wall Street Journal - World