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Microsoft Posts Record $450bn Market Value Surge As Azure Outlook Validates AI Spending Strategy
Microsoft added nearly $450 billion to its market value on Thursday, marking the largest single-day increase ever recorded by a publicly traded company after...
Exxon, Chevron Profits Surge As Iran War Drives Oil Prices Higher
ExxonMobil and Chevron posted sharply higher second-quarter profits on Friday after the U.S.-Iran conflict pushed crude oil prices higher, boosting earnings across their upstream...
Nscale to Acquire Anyscale in $1.65bn AI Software Deal to Expand Cloud Infrastructure Platform
Cloud infrastructure provider Nscale has agreed to acquire AI software startup Anyscale in a deal reportedly valued at about $1.65 billion, marking another step...
OpenAI Sparks AI Price War with Massive GPT-5.6 Cost Reductions
OpenAI has dramatically reduced the pricing of its GPT-5.6 family of artificial intelligence models, signaling an increasingly aggressive battle for dominance in the rapidly...
Strategy Reports $8.2 Billion Q2 Loss as Bitcoin Volatility Weighs on Financial Results
Strategy has reported an $8.2 billion net loss for the second quarter, highlighting the significant impact that Bitcoin price volatility can have on corporate...