Banks behind the rockets-to-AI venture’s $2 trln IPO are now ballparking market caps as much as 400% higher in fawning new reports. Oddly, the wilder the target, the lower the revenue estimates.
Venezuela sits on the world’s largest oil reserves, yet pumps a meager fraction of them. Creditors may soon confront that ...
UniCredit CEO Andrea Orcel's lowball Commerzbank offer may leave him with a big stake in his €43 bln prey. But he can’t merge, extract the full cost savings or totally control the board. Still, ...
Samsung and SK Hynix are turning to multi-year contracts to protect earnings in the cyclical chip market. It's prudent given their $2 trln spending plans and warnings of faltering AI demand. But ...
Alphabet, Microsoft and rival giants are set to spend some $5 trln by 2030 to dominate artificial intelligence. Funding ...
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