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Apple hit $5tn by refusing to play the AI game everyone else is losing

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Apple has become the second company in history worth $5tn. It got there by being the one big-tech giant that refused to bet its balance sheet on AI. The iPhone maker briefly touched a $5.04tn market value on Tuesday. Shares hit a session high of $342.89 before easing to close at $340.08, just under the […]

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PayPal turned down $53bn, and pointed to a beat and a $70 target

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PayPal finally addressed the $53bn offer sitting on its table. Its answer was: not at that price. The company gave its first public response on Tuesday’s Q2 earnings call, alongside a beat. Chief executive Enrique Lores would not comment on Stripe and Advent’s bid directly. He said only that PayPal would “carefully consider” any path […]

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Visa is cutting 2,600 tech jobs to bankroll the tech that threatens it

Artificial Intelligence, Business, Digital Marketing, Finance, Fintech and ecommerce, SEO Tips, Technology, United States /

Visa is cutting about 2,600 jobs, roughly 7% of its staff, and it is cutting them mostly from the teams that build its technology. The money it saves is going into the payment methods that could one day make those rails matter less. The payments network confirmed the cuts on Tuesday, in a staff memo […]

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Traders price an outsized Microsoft move as AI capex scrutiny mounts

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Options traders are positioning for a swing of roughly $190 billion in Microsoft’s market value after its results, an unusually large bet on a single earnings report. The pricing, reported by Reuters on 29 July, implies a move of about 6.6% in either direction once the fiscal fourth-quarter numbers land. That is well above Microsoft’s […]

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China’s free AI models may not stay free, Goldman says

Artificial Intelligence, Business, China, Digital Marketing, Finance, SEO Tips, Startups and technology, Technology /

For a year, the story of Chinese AI has been simple. It is nearly as good as the American frontier, and it is effectively free. That second part may be about to change. Chinese developers could start charging cloud platforms commercial licensing fees to host their open-weight models, Goldman Sachs told the South China Morning […]

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The handoff tax: What it costs when your rep is alone on the call

Artificial Intelligence, Business, Digital Marketing, Finance, SEO Tips, Technology /

The most expensive moment in a B2B sales cycle does not look like one. An account executive is thirty minutes into a live call. Discovery is finished, the buyer is engaged, and the conversation has moved past polite curiosity into the part where deals get decided. Then comes the question that matters: how the integration […]

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The AI wrote every security control. It skipped the question underneath

Anthropic, Artificial Intelligence, Business Apps, Digital Marketing, Finance, Security, SEO Tips, Technology /

A penetration test at a financial services firm managing billions of dollars in client assets has found a critical flaw in AI-generated code. The interesting part is what the code got right. Sygnia, the incident response firm, assessed a customer onboarding application built substantially with Claude. It handled government-issued identification, identity verification data, payment details […]

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The Italian state just backed €500m for the company that owns AOL

Business, Corporates and innovation, Digital Marketing, Europe, Finance, Investors and funding, SEO Tips, Technology /

Bending Spoons has agreed a €500m loan facility guaranteed by the Italian state. The guarantee comes from SACE, Italy’s export credit agency, which is wholly owned by the Ministry of Economy and Finance. HSBC Continental Europe, Intesa Sanpaolo and BPER Banca arranged the facility, which matures in March 2031. The Milan company will use the […]

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A quarter of the S&P now claims measurable AI benefits. Last year it was 14%

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Wall Street has spent three years paying for the companies that build AI. It is starting to pay for the companies that use it. The rotation has a number behind it. Morgan Stanley ran a systematic analysis of earnings call transcripts. It found that 25% of S&P 500 members cited measurable benefits from AI adoption […]

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Coforge says AI is expanding its margins. Its rivals call it ‘AI deflation’

Artificial Intelligence, Asia, Business, Digital Marketing, Finance, India, SEO Tips, Technology /

Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an industry bracing to shrink. HCL Technologies has warned of “AI deflation”. […]

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