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NBA signs broadcasting deal with Disney, Amazon, Comcast worth $77 billion

UPDATE 4-NBA signs broadcasting deal with Disney, Amazon, Comcast worth $77 billion Adds comment from TNT Sports in paragraph 3 July 24 (Reuters) - Walt Disney's DIS.N ESPN, Comcast-owned CMCSA.O NBCUniversal and Amazon.com AMZN.O have clinched the rights to carry National Basketball Association games in an 11-year deal valued at $77 billion, the league said on Wednesday.
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NBA signs broadcasting deal with Disney, Amazon, Comcast

NBA signs broadcasting deal with Disney, Amazon, Comcast July 24 (Reuters) - Walt Disney's DIS.N ESPN, Comcast-owned NBCUniversal and Amazon.com clinched the rights to carry National Basketball Association , ending a 40-year-long partnership with Warner Bros Discovery's WBD.O networks. A spokesman for TNT Sports could not immediately be reached for comment.
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India Kotak Mahindra Bank appoints external auditor post RBI order

UPDATE 1-India Kotak Mahindra Bank appoints external auditor post RBI order Recasts with comments from management By Siddhi Nayak MUMBAI, July 20 (Reuters) - India's Kotak Mahindra Bank KTKM.NS has appointed Grant Thorton Bharat as an external auditor for its IT systems, months after the central bank (RBI) barred the lender from adding new clients digitally, its chief executive officer said on Saturday.
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Collaboration software maker Smartsheet fields buyout interest, sources say

EXCLUSIVE-Collaboration software maker Smartsheet fields buyout interest, sources say Adds share reaction in paragraph 4 By Milana Vinn and Anirban Sen July 18 (Reuters) - Smartsheet SMAR.N , a U.S. maker of workplace collaboration software with a market value of $6.6 billion, has tapped investment bankers after attracting acquisition interest from buyout firms, according to people familiar with the matter.
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Collaboration software maker Smartsheet fields buyout interest, sources say

EXCLUSIVE-Collaboration software maker Smartsheet fields buyout interest, sources say By Milana Vinn and Anirban Sen July 18 (Reuters) - Smartsheet SMAR.N , a U.S. maker of workplace collaboration software with a market value of $6.3 billion, has tapped investment bankers after attracting acquisition interest from buyout firms, according to people familiar with the matter.
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Echoes of dotcom bubble haunt driven US stock market

ANALYSIS-Echoes of dotcom bubble haunt AI-driven US stock market By Lewis Krauskopf NEW YORK, July 2 (Reuters) - A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology.
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EU regulators to decide on $14 bln Juniper deal by Aug. 1

EU regulators to decide on $14 bln HP-Juniper deal by Aug. 1 By Foo Yun Chee BRUSSELS, June 28 (Reuters) - EU antitrust regulators will decide by Aug. 1 whether to clear Hewlett Packard Enterprise's HPE.N $14 billion acquisition of networking gear maker Juniper Networks JNPR.N , a filing on the European Commission website showed on Friday. The deal announced in January would boost HPE's artificial intelligence (AI) products and double its networking business, underscoring the push by numerous co
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AI fever drives Nvidia’s rise to world’s most valuable company

RPT-GRAPHIC-AI fever drives Nvidia’s rise to world’s most valuable company Repeats story first published on Tuesday. By Lewis Krauskopf NEW YORK, June 18 (Reuters) - Nvidia NVDA.O has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years.
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AI fever drives Nvidia’s rise to world’s most valuable company

GRAPHIC-AI fever drives Nvidia’s rise to world’s most valuable company Adds closing share price in paragraph 2, updates market value By Lewis Krauskopf NEW YORK, June 18 (Reuters) - Nvidia NVDA.O has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years.
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AI fever drives Nvidia’s rise to world’s most valuable company

GRAPHIC-AI fever drives Nvidia’s rise to world’s most valuable company By Lewis Krauskopf NEW YORK, June 18 (Reuters) - Nvidia NVDA.O has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years. Nvidia shares rose about 3% on Tuesday, giving it a market value of about $3.33 trillion.
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Cisco to establish cybersecurity centre in Taiwan

Cisco to establish cybersecurity centre in Taiwan TAIPEI, June 17 (Reuters) - U.S. networking equipment maker Cisco CSCO.O said on Monday it would set up a cybersecurity centre in Taiwan and work with the government to train more people to work in the sector. Democratically governed Taiwan, which Beijing views as its own territory, has repeatedly complained of cyberattacks coming from China, targeting government officials and departments as well as tech firms as part of a broader pressure campai
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Former Cisco Systems Technology Executive Appointed To Tyson Foods Board Of Directors

BRIEF-Former Cisco Systems Technology Executive Appointed To Tyson Foods Board Of Directors Cisco Systems Inc CSCO.O : FORMER CISCO SYSTEMS TECHNOLOGY EXECUTIVE APPOINTED TO TYSON FOODS BOARD OF DIRECTORS TYSON FOODS INC: APPOINTMENT OF MARIA N. MARTINEZ INCREASES NUMBER OF DIRECTORS ON TYSON FOODS BOARD TO 15, WITH 11 INDEPENDENT DIRECTORS Source
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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Updates headline, recasts first paragraph June 12 (Reuters) - Companies in the U.S. and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly.
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US, Canadian companies kick off 2024 with layoffs

FACTBOX-US, Canadian companies kick off 2024 with layoffs Adds FedEx layoffs June 12 (Reuters) - Companies in the United States and Canada have extended their job cuts into 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime unit , 5% at audi
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Mistral AI raises 600 mln euros in latest funding round

UPDATE 1-Mistral AI raises 600 mln euros in latest funding round Adds valuation in paragraph 2 By Yuvraj Malik and Krystal Hu June 11 (Reuters) - Fra nce's Mistral AI has raised 600 million euros ($643.7 million) in a funding round led by existing investor General Catalyst, it said on Tuesday, as AI continues to draw the bulk of technology-focused venture capital funds .
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Mistral AI raises 600 mln euros led by General Catalyst

Mistral AI raises 600 mln euros led by General Catalyst June 11 (Reuters) - French tech company Mistral AI said on Tuesday it had raised 600 million euros ($643.7 million) in a funding round led by existing investor General Catalyst. The Series-B round included investments from firms such as Lightspeed, Andreessen Horowitz, Cisco Systems CSCO.O and Nvidia NVDA.O , bringing the AI startup's total funding in the past one year to more than 1 billion euros.
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Cisco launches $1 bln AI fund and makes first investments

Cisco launches $1 bln AI fund and makes first investments STOCKHOLM, June 4 (Reuters) - Cisco CSCO.O on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms. The company, through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200 million of the fund, it said.
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Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says

Nvidia and Salesforce double down on AI startup Cohere in $450 million round, source says By Krystal Hu June 4 (Reuters) - Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia NVDA.O and Salesforce Ventures CRM.N , as well as new investors including Cisco CSCO.O and Canadian pension fund PSP Investments, according to a source familiar the matter.
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Big Tech develops AI networking standard but without chip leader Nvidia

UPDATE 1-Big Tech develops AI networking standard but without chip leader Nvidia Updates with Nvidia's response in paragraph 11 May 30 (Reuters) - Major tech firms, including Meta META.O , Microsoft MSFT.O , Advanced Micro Devices AMD.O and Broadcom AVGO.O , said on Thursday they have developed a new industry standard for networking in AI data centers, the latest effort to break the dominance of market leader Nvidia NVDA.O .
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Major tech firms develop AI networking standard but without major player Nvidia

Major tech firms develop AI networking standard but without major player Nvidia May 30 (Reuters) - Major tech firms, including Meta META.O , Microsoft MSFT.O , Advanced Micro Devices AMD.O and Broadcom AVGO.O , said on Thursday they have developed a new industry standard for networking in AI data centers, the latest effort to break the dominance of market leader Nvidia NVDA.O .
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