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Snowflake beat on almost everything. One number went the other way

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Snowflake beat expectations on revenue, on profit and on guidance, and its shares rose more than 20% after hours. One number in the release went the other way, and it is the one that looks furthest into the future. Remaining performance obligations, the contracted revenue Snowflake has booked but not yet recognised, came in at […]

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SoftBank seeks a second $10bn loan against its OpenAI stake

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SoftBank is seeking a further $10bn loan to fund its OpenAI stake, Bloomberg reported on Friday. It closed a loan of exactly that size, secured against the same asset, 22 days earlier. TNW has not independently verified the report and could not review its full terms, so what follows sets the reported request against the […]

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Nvidia reported revenue of $96.2bn for the second quarter

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Nvidia reported revenue of $96.2bn for the quarter, up 106% from the same period last year, and then did something it has never done before by guiding a full year ahead. The shares slipped about 1.3% on the release and only turned sharply higher once chief financial officer Colette Kress reached the section of the […]

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The SEC has subpoenaed four banks over Situational Awareness

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American securities regulators have subpoenaed the banks that lent Situational Awareness the money it used to make its AI bets. The Securities and Exchange Commission wants the timing of the fund’s trades, and its communications with lenders about the money it was borrowing. It also told the banks to preserve any information they hold on […]

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Revolut is launching a euro stablecoin into a market MiCA handed to an American company

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Revolut is launching a euro-backed stablecoin, according to Bloomberg, entering a market that European regulation has spent two years accidentally consolidating around a single American issuer.The neobank is also one of the 36 firms the ECB picked for its digital euro pilot, which means it is now building the private euro token and helping test […]

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Nvidia is about to report its fastest growth in seven quarters

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Nvidia is expected to report quarterly revenue of $92.18bn, close to double the same period last year and its fastest growth in seven quarters, with analysts forecasting a further rise to $104.20bn in the current quarter. The numbers are not really the issue anymore, because the scrutiny has moved to how much of that demand […]

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Intuit is separating Mailchimp out and guiding it to zero growth

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Intuit is moving Mailchimp out of its main business and into a segment of its own. The first standalone forecast it has ever published for the marketing tool is for no growth at all. Mailchimp will bring in $1,256mn to $1,266mn in fiscal 2027, Intuit said on Tuesday. That range runs from minus 1% to […]

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Anthropic is expected to pitch investors a $30tn market opportunity

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Anthropic is likely to tell IPO investors that its potential revenue opportunity runs above $30tn. That figure would top the $28.5tn SpaceX put in front of investors before its own record listing. Corrie Driebusch reported the number for The Wall Street Journal, citing people familiar with the matter. Companies going public estimate a total addressable […]

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Unitree shares fall 45% from their debut peak, wiping out $30bn

Asia, Business, China, Digital Marketing, Finance, robots, SEO Tips, Technology /

Unitree’s shares have fallen roughly 45% from the peak they hit on their first day of trading in Shanghai. The slide has turned a national success story into an argument about how China prices its listings. The stock steadied on Tuesday after three consecutive days of decline, Reuters reported. The valuation of the Hangzhou humanoid […]

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Unitree shares fall 45% from their debut peak, wiping out $30bn Read More »

Scalable Capital connects €60bn of client assets to outside AI assistants

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Scalable Capital has opened its investment platform to ChatGPT and Claude, allowing its clients to analyse their portfolios and place trades through the two AI assistants rather than through the broker’s own app. The Munich company says it is the first European bank to do this, and it arrives as the industry works out what […]

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