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News

AMD introduces AI chips for business laptops and desktops

UPDATE 2-AMD introduces AI chips for business laptops and desktops Adds background on AI PCs throughout April 16 (Reuters) - Advanced Micro Devices AMD.O unveiled a new series of semiconductors for artificial intelligence-enabled business laptops and desktops on Tuesday as the chip designer looks to expand its share of the lucrative "AI PC" market.
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Startup Rivos raises $250 million to develop V AI chips

Startup Rivos raises $250 million to develop RISC-V AI chips By Max A. Cherney April 16 (Reuters) - Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's NVDA.O combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80% market share of AI chips in 2023. But a host of startups and chip giants have started to lau
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Microsoft-backed Rubrik targets up to $5.4 bln valuation in US IPO

UPDATE 3-Microsoft-backed Rubrik targets up to $5.4 bln valuation in US IPO Adds more background in paragraphs 6,9 April 16 (Reuters) - Microsoft-backed MSFT.O cybersecurity software firm Rubrik said on Tuesday it was targeting a valuation of up to $5.44 billion in its U.S. initial public offering, as new listings rebound after a two-year lull. Technology companies have been leading a revival in listings this year as stronger equity markets and robust debuts including social media platform Reddi
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Clearlake sweetens offer to buy out Blackbaud to $4.3 billion

UPDATE 3-Clearlake sweetens offer to buy out Blackbaud to $4.3 billion Adds statement from Blackbaud, updates shares April 15 (Reuters) - Blackbaud's BLKB.O largest shareholder Clearlake Capital Group has made a fresh buy-out offer that values the cloud software provider at $4.3 billion, the company said on Monday. The raised offer values each share of Blackbaud at $80, representing a premium of 4.3% to its last close.
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Global PC market returns to growth in first quarter after two-year decline, IDC says

Global PC market returns to growth in first quarter after two-year decline, IDC says April 8 (Reuters) - Global shipments of personal computers returned to growth in the first quarter after two years of decline, according to preliminary results from market research firm International Data Corporation (IDC) released on Monday. The PC market grew 1.5% from a year earlier, with 59.8 million shipments in the first quarter, and returned to pre-pandemic levels with the onset of a refresh cycle for PCs
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