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Bloomberg6d agoneutral
Apollo Inks $2.6 Billion Financing Deal With NY Yankees

(Bloomberg) -- Apollo Global Management Inc. is providing $2.6 billion of financing to the owners of the New York Yankees, the private capital giant’s largest investment to date in US sports.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AITrump Makes Sweeping New Demands on Iran as Deal Hopes DimStocks Churn as Hormuz Standoff Spurs Rally

IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster
Reuters6d agoneutral
IBM, Together AI ink $240 million deal for Nvidia-powered AI inference cluster

IBM and startup Together AI have signed a $240 million multi-year ‌agreement to build a large-scale artificial intelligence ‌cluster on IBM Cloud using Nvidia systems, the companies ​said on Tuesday. The cluster will provide inference for open-source AI models, which have gained traction as businesses seek to rein in AI costs ‌and weigh concerns ⁠about cybersecurity incidents involving models from Anthropic, OpenAI and Meta. Inference, the process ⁠of running trained AI models to generate responses, has become one of the largest drivers ​of ​demand for computing capacity, ​prompting cloud providers ‌and chipmakers to spend billions of dollars expanding AI infrastructure.

Hims & Hers shares slide as costly weight-loss push squeezes margins
Reuters6d agoneutral
Hims & Hers shares slide as costly weight-loss push squeezes margins

Aug 11 (Reuters) - Hims & Hers Health's shares fell nearly 7% in premarket trading on Tuesday, as concerns over ‌shrinking profit margins overshadowed strong subscriber growth and a raised ‌annual revenue forecast. The company posted second-quarter revenue on Monday that topped expectations and added ​more than 300,000 subscribers.

Forkast News6d agoneutral
Anthropic’s $965B IPO Path Runs Through Seven Compute Corridors Across Three Continents

Anthropic’s $965 billion IPO path rests on the aggressive, multi-layered industrialization of compute. The company has transformed access from a variable cost into a structural moat by diversifying hardware and energy supply across three continents through seven distinct funding mechanisms — effectively decoupling its growth from the supply-chain bottlenecks that throttle competitors tethered to single-cloud […]

Tech Weekly: Nvidia raises cash, robot dogs keep homes safe
Reuters Videos6d agoneutralVIDEO
Tech Weekly: Nvidia raises cash, robot dogs keep homes safe

<body><p>STORY: From Nvidia drumming up cash to four legged robots keeping homes safe.</p><p>This is Tech Weekly.&nbsp;</p><p>:: Tech Weekly</p><p>Nvidia said it's partnered with six major financial institutions to launch compute financing platforms...</p><p>aimed at raising over $500 billion in third-party capital for AI infrastructure.</p><p>Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to $125 billion, or 25% of the potential deals.</p><p>The move highlights how surging demand for AI computing capacity is drawing institutional investors.</p><p>A U.S. appeals court allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok and Snap Inc's Snapchat.</p><p>It's over claims they designed their products to be addictive to young users.</p><p>A San Francisco-based court rejected an appeal by Meta and TikTok seeking to overturn a lower court ruling requiring them to face more than 3,000 lawsuits filed in federal court.</p><p>&nbsp;Eyewitness video captured the moment China’s Long March 7A rocket exploded after take-off in Hainan.</p><p>State news agency Xinhua said the cause was under investigation.</p><p>The failure could trigger checks of other Chinese launches if investigators identify a problem involving shared components, manufacturing or Wenchang launch operations.</p><p>And would you trust a robot dog to keep you safe at home?</p><p>"Hey this is Landon from Undaunted products. How can I help you today?"</p><p>Robotic dogs are replacing overnight security guards at several Atlanta apartment complexes, where property managers say the machines are helping deter crime and improve safety.</p><p>At 445 Cleveland Apartments, two four-legged robots patrol the property's roughly 200 units.</p><p>The robots, operated by Atlanta-based startup Undaunted, are remotely controlled by human operators.</p><p>They monitor live camera feeds and communicate directly with residents through onboard speakers.</p></body>

On Holding (ONON) Matches Q2 Earnings Estimates
Zacks6d agoneutral
On Holding (ONON) Matches Q2 Earnings Estimates

On Holding (ONON) delivered earnings and revenue surprises of 0.00% and -3.42%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Duolingo earnings put a Wall Street warning to the test
TheStreet6d agoneutral
Duolingo earnings put a Wall Street warning to the test

Duolingo's latest quartergave investors fresh evidence that user growth is accelerating, but one Wall Street firm still sees a problem with what the market is paying for the language-learning company. Duolingo (DUOL) reported second-quarter revenueof $298.5 million, up 18% from a year earlier, ...

GRND Stock Has Soared 250% Since Its 2022 IPO Crash, Leaving Starbucks, Target and Ethereum Behind
Benzinga6d agoneutral
GRND Stock Has Soared 250% Since Its 2022 IPO Crash, Leaving Starbucks, Target and Ethereum Behind

Grindr Inc. (NYSE:GRND) has staged a stunning Wall Street turnaround, soaring 251.62% from its 2022 post-IPO trough to dramatically outperform mainstream retail titans Starbucks Corp. (NASDAQ:SBUX) and Target Corp. (NYSE:TGT), as well as crypto heavyweight Ethereum (CRYPTO: ETH). A Remarkable Market Comeback After making its public trading debut in late 2022, the dating platform’s shares plunged to a low of $4.65 on Dec. 30, 2022. As noted in financial market commentary by automated trading serv

Rising Oil Prices Pressure Bond Market Again
The Wall Street Journal6d agoneutral
Rising Oil Prices Pressure Bond Market Again

Higher energy prices are reigniting inflation concerns, pushing global government bond yields upward. The benchmark 10-year Treasury yield rose to 4.729% this morning, according to Tradeweb, within striking of its year-to-date closing peak of 4.

Bloomberg6d agoneutral
‘Beverly Hills, 90210’ School Faces Crisis With Shrinking Enrollment, Rising Costs

(Bloomberg) -- With its verdigris copper bell tower, the 90-year-old Alexander Hamilton High School in West Los Angeles encapsulates many of the Los Angeles Unified School District’s woes.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Hopes DimStocks Churn as Hormuz Standoff Spurs Rally in Oil: Markets WrapFive Takeaways From Zuckerberg’s 6,500-Wo

How To Earn $500 A Month From Cisco Stock Ahead Of Q4 Earnings
Benzinga6d agoneutral
How To Earn $500 A Month From Cisco Stock Ahead Of Q4 Earnings

Ahead of Cisco Systems, Inc‘s fourth-quarter earnings report on Wednesday, Aug. 12, investors may be eyeing potential gains from the company’s dividends. Currently, Cisco has an annual dividend yield of 1.38%, which is a quarterly dividend amount of 42 cents...

BlackRock reveals what Bitcoin investors feel right now
TheStreet6d agoneutral
BlackRock reveals what Bitcoin investors feel right now

BlackRock's head of digital assets, Robert Mitchnick, appeared for an interview on Bloomberg on Aug. 10 in which he shared strong words on the sentiment prevalent among Bitcoin investors right now. BlackRock launched iShares Bitcoin Trust (IBIT), its spot Bitcoin exchange-traded fund ...