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OpenAI and chipmaker AMD sign chip supply partnership for AI infrastructure

Semiconductor maker AMD will supply its chips to ChatGPT maker OpenAI as part of an agreement to team up on building artificial intelligence infrastructure, the companies said Monday. According to a joint statement announcing the deal, AMD will provide OpenAI with the latest version of ...
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US bank Fifth Third to buy regional lender Comerica in $10.9 billion deal

(Reuters) -U.S. bank Fifth Third on Monday agreed to buy regional lender Comerica in an all-stock deal valued at $10.9 billion, aiming to expand its presence in key growth markets. The deal will create a lender with combined assets of about $288 billion, making it ...
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Factbox-Trump administration’s investment push in rare-earth companies, chipmakers

(Reuters) -The Trump administration is ramping up its efforts to secure U.S. supply chains for critical minerals and semiconductors by converting federal grants into equity stakes in key companies. The move marks a shift from traditional subsidies to direct ownership, aimed at reducing reliance on ...
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Ferrari completes e-Vortex test circuit near Fiorano

(Reuters) -Ferrari has completed the construction of e-Vortex, the new test circuit next to its Fiorano test track in less than four months, the sports car maker said on Monday. The infrastructure is about 2 kilometers long, covers 37,000 square metres and is divided into ...
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AI venture funding continued to surge in third quarter, data shows

(Reuters) -As the rush towards AI-related companies continues on Wall Street, data from Crunchbase showed on Monday that the sector enjoyed a bulk of venture funding in the third quarter, with names including Anthropic raking in billions. BY THE NUMBERS Global venture funding in ...
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French markets tumble after PM Lecornu resigns

LONDON (Reuters) -A selloff in French markets gathered pace on Monday after French media reports that Prime Minister Sebastien Lecornu has resigned. French stocks fell sharply, government bond yields were up 8 basis points and the euro was last down 0.65% at $1.1667. The premium ...
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Standard Chartered says assets at CIO Funds reach $3 billion, launches Islamic suite

SINGAPORE (Reuters) -Standard Chartered said on Monday that assets under management at its Signature CIO Funds have risen to $3 billion, three years after launch, and it will introduce a Shariah-compliant version to meet growing demand. The multi-asset funds, launched in 2022 and managed by ...
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Wall Street futures rise as investors focus on AI, rate-cut themes

(Reuters) -U.S. stock index futures rose on Monday, building on gains from last week as a flurry of AI-related dealmaking and softer labor market trends bolstered expectations for an interest-rate cut. The resilience in equities came despite the federal government shutdown showing little signs of ...
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Critical Metals shares surge after Reuters report says Washington eyeing stake

(Reuters) -Shares of Critical Metals surged over 75% in premarket trading on Monday after Reuters reported the Trump administration is discussing taking an equity stake in the development-stage mining company, citing four people familiar with the talks. If completed, the deal would give the U.S. ...
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German unemployment expected to fall as economy gains pace, source says

By Holger Hansen BERLIN (Reuters) -Germany’s unemployment level is expected to fall in the two next years as the long-awaited recovery of Europe’s biggest economy gathers pace, a source told Reuters on Monday, citing government forecasts. The forecasts, first published by Reuters on Saturday, will ...
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J.P. Morgan upgrades euro zone to ‘overweight’, cites attractive equities

(Reuters) -J.P. Morgan upgraded its stance on the euro zone to “overweight” from “neutral” on Monday, noting that the equities in the region have become more attractive after several months of underperformance and policy support. “The time is coming up to turn bullish on Eurozone ...
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Framework deal for European space giant will require some weeks, source says

ROME (Reuters) -A framework agreement between Italy’s Leonardo and France’s Thales and Airbus for a new European space giant will require some weeks, a source with knowledge of the matter said on Monday. The parties are still considering some key points of the alliance ...
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