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With a valuation of $2 billion within its first year, Mistral’s rapid ascent reflects the tech industry’s unwavering optimism regarding the future potential and profitability of AI businesses. Mistral AI, a formidable competitor to…

© Reuters Investing.com - The U.S. dollar retreated in early European trade Friday, as a key inflation release added to expectations that U.S. interest rates have peaked. At 04:40 ET (09:40 GMT), the Dollar Index, which tracks the…

OpenAI said that Sam Altman was officially reinstated as chief executive officer of the company and it has a new initial three-member board of directors.  The announcement Wednesday — a blog post penned by Altman — comes two weeks after…

In a recent technical analysis published by crypto analyst Egrag, an inverse head and shoulders (H&S) formation has been identified on the XRP/USD chart, indicating a potential bullish reversal in the near…

Companies Top banks set aside Sh62bn, anticipate record defaults Tuesday November 28 2023 Eight tier-1 banks have increased their loan-loss provisions by 45.8 percent to Sh62.5 billion. PHOTO | SHUTTERSTOCK Eight tier-1 banks…

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Brigid Riley and Alun John TOKYO/LONDON (Reuters) -The U.S. dollar hit a three-month low…

© Reuters. By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) - Chinese firms are on track for their strongest earnings expansion in seven years in 2024, LSEG estimates based on analysts' expectations for government measures to…

Last week, Nvidia Corporation (NASDAQ: NVDA) reported staggering third-quarter results. Despite its reliance on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Nvidia’s Data Center division drove this impressive growth,…

US DOLLAR OUTLOOK – EUR/USD & USD/JPYThe broader U.S. dollar was flat on Monday, but volatility could pick up in the coming trading sessions, with several high-impact events on the calendarThe focus will be on U.S. PCE data, ISM…

Israeli technology-enabled homebuilding company Veev is set to shut down. In March 2002 the company raised $400 million at a valuation of $1 billion to become the first unicorn in building technology sector. …