In Q2, “other income”, mostly from investment gains, at Amazon and Alphabet totaled ~$121B after taxes and made up 66% and 71%, respectively, of profits — Gains on investments in companies like Anthropic are boosting earnings at some of the biggest technology companies
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Source: Greg Brockman is “in founder mode” and getting more involved across every level of OpenAI to build out a leadership team ahead of an expected IPO — A wave of top OpenAI executives — including Sam Altman's top deputy, a longtime chief operating officer and the chief revenue officer …
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France's top court blocks a bill banning social media for under-15s, citing freedom of expression; Macron asks his government to re-work the bill — France's top court on Friday blocked a bill banning social media access for under-15s, saying it infringed upon freedom of expression …
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Sources: stablecoin payments company RedotPay delays plans for a US IPO to 2027 or later, as it seeks regulatory approvals and deals with legal issues — RedotPay has delayed plans for an initial public offering in the US as the stablecoin payments company seeks regulatory approvals and deals …
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Chip equipment maker Lam Research plans to invest $3B+ over five years to expand its global R&D network, aiming to increase its experiment capacity by 50%+ — Lam Research (LRCX.O) said on Thursday it intends to invest more than $3 billion in the next five years to expand its global research …
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