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...The bulk of the $27bn raised by AI start-ups last year came from big tech companies....
...The BBC is making plans to build its own artificial intelligence models, while holding talks over selling access to the broadcaster’s vast archives to Big Tech groups developing the cutting-edge technology.The...
...The chief of Germany’s largest military contractor Rheinmetall has urged European countries to ditch their preference for national champions and build bigger, more specialised defence groups to compete with...
...Other Chinese companies with large operations in western markets, including TikTok owner ByteDance and fast-fashion group Shein, have picked Singapore as their global headquarters....
...The region-wide Stoxx Europe 600 added 1.1 per cent — led higher by strong performance from technology groups and healthcare stocks....
...LVMH, the world’s largest luxury group, fell 2.3 per cent. Tech stocks also sank after disappointing results from Meta late on Wednesday. London’s FTSE 100 defied the gloom....
...European equity markets closed higher on Friday, buoyed by strong performance from technology stocks, consumer groups, and rate-sensitive real estate stocks....
...The tech-focused Nasdaq Composite rose 2 per cent, with four Magnificent Seven stocks trading higher....
...The region-wide Stoxx Europe 600 dropped 0.7 per cent, weighed down by steep declines for technology and consumer groups. France’s CAC 40 and Germany’s Dax both dropped 0.9 per cent....
...The tech-heavy Nasdaq Composite added 1.4 per cent....
...Contracts tracking the benchmark S&P 500 and the tech-heavy Nasdaq Composite were down 0.7 per cent and 1.3 per cent, respectively, ahead of the New York trading session....
...But Lex isn’t convinced by the hype around the pipeline of tech IPOs coming stateside....
...European equities closed lower on Monday as technology groups — which have driven the majority of gains in 2024 — weighed on markets. The region-wide Stoxx Europe 600 index fell 0.4 per cent....
...European stocks finished higher on Tuesday, boosted by tech stocks and utilities....
...VC firms have raised more than $655mn for Africa’s tech industry since November....
...Proponents of structural remedies argue that smaller divisions of larger big tech groups would be forced to compete on price and innovation, therefore benefiting consumers....
...US stocks slipped, with relatively broad gains across the S&P 500 overpowered by a slide in heavyweight tech stocks....
...UK software group Solidatus, which helps companies manage their data, is ranked 91st....
...Super Micro Computer, a server equipment group seen as a beneficiary of the AI boom, closed down 23 per cent....
...A 38-year-old programmer recently laid off from a major ride-hailing group said finding new work was tough....
...Technology groups weighed on European stock markets on Monday, following the trend that pulled Wall Street lower at the end of last week....
...The key moment in SGS’s genesis, according to Gilpin, came in 2015, when she met a group of shipowners at the Paris Climate Conference all concerned about the risks of buying ships reliant on new, untested...
...In a paper this month, the CMA said it had found an “interconnected web” of more than 90 partnerships and investments involving the same six Big Tech groups — Google, Apple, Microsoft, Meta, Amazon and chipmaker...
...Big tech stocks drove US stock markets higher on Friday afternoon, more than offsetting any worries over when the Federal Reserve will start cutting interest rates....
...from the 12 per cent of the preceding quarter, but not bad for a group of companies expected to register combined quarterly revenue of more than $400bn....
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