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Samsung expects record $80bn quarterly profit as AI memory demand soars

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Samsung Electronics expects its operating profit for the third quarter to reach a record level of about 107.4 trillion won ($80bn), a significant increase from 12.17 trillion won a year earlier. The South Korean company released its preliminary figures today. It represents an increase of nearly nine times, or roughly 783 per cent, and sales […]

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RBI chief says the next financial crisis may start with a cyberattack

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The next financial crisis may not start in a bank at all, India’s central bank governor has warned. Sanjay Malhotra said it could come from a war, a cyberattack or a tech failure, as Bloomberg reported. He spoke at the Kautilya Economic Conclave in New Delhi on Saturday. “It may begin with a geopolitical event, or cyber […]

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Bank of England’s Bailey warns the AI boom could bring market shocks

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AI could set off shocks in financial markets, and the UK has to be ready for them, Bank of England governor Andrew Bailey told the BBC on Thursday. He said the Bank is watching the money flowing into AI “very carefully”. Mitchell Labiak and Faisal Islam of the BBC asked him whether an AI bubble […]

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Meta tells the IRS its AI data centres are experiments, NYT reports

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Meta tells the IRS that its AI data centres are an experiment that could fail, The New York Times reported on Wednesday. That lets Meta claim a research tax credit on the AI chips it buys. The credit cut almost $4bn off its tax bill last year. Kashmir Hill, Jesse Drucker, Eli Tan and Mike […]

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Oura postpones its $2.2bn IPO, citing market uncertainty

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Oura has postponed its Nasdaq IPO, citing “uncertainty in the IPO market”. The Finnish-founded smart ring maker said so in a statement on Tuesday, a week after it launched the offering. It said it is postponing “despite strong demand”, and gave no new date. Oura had planned to sell 50 million shares at $40 to […]

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Nvidia talks to insurers about loans backed by its AI chips, FT reports

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Nvidia has talked to insurers about taking on some of the risk of loans backed by its AI chips, the Financial Times reported on Tuesday. The talks are at an early stage and may not lead to any deals, according to the FT. TNW has not independently verified the report. One idea would insure loans […]

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Nvidia adds a record $150bn to its share buyback

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Nvidia’s board has approved an extra $150bn for share buybacks, the company said on Monday. That lifts the total remaining authorisation to $235bn, which Nvidia expects to use through fiscal year 2028. Nvidia called it the largest increase to a share repurchase authorisation in history. “This authorization reflects our confidence in the long-term opportunity ahead,” […]

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Nubank’s owner is in talks to buy Monzo at up to £10bn

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Monzo is in talks about a sale to Brazil’s Nu Holdings, the owner of Nubank. A deal could value the British digital bank at between £8bn and £10bn, Mark Kleinman reported for Sky News on Saturday. The talks are at a relatively early stage, according to Sky News. Monzo has hired Morgan Stanley and Qatalyst […]

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Raspberry Pi’s revenue jumps 90% as its memory stockpile pays off

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Raspberry Pi nearly doubled its revenue in the first half of 2026, helped by memory chips it stockpiled before prices soared. Revenue rose 90% to $256.9 million in the six months to 30 June, the company said in its interim results on Thursday. A year earlier it was $135.5 million. Pre-tax profit rose 216% to […]

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Anthropic seeks 50.1% voting control for founders, The Information reports

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Anthropic wants its seven co-founders to keep control of the company after it goes public. The company is asking shareholders to approve a special class of shares for them, The Information reported on Thursday. Chief executive Dario Amodei and his six co-founders would hold a combined 50.1% of the vote on most corporate matters. The […]

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