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07.02.26 - 01:42
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Big Tech′s $650 Billion AI Plans Spark Chip Rally (Bloomberg)
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Nvidia shares soared Friday as investors snapped up shares of companies positioned to benefit from the vast sum of money that big technology firms have said they'll spend on artificial intelligence infrastructure this year. Amazon sparked the rebound after the technology giant said during an earnings call that it plans to spend $200 billion on data centers, chips and other equipment this year. All told, Amazon, along with Alphabet, Meta and Microsoft, are expected to shell out roughly $650 billion for AI tools in 2026, about 60% more than the prior year. Mark Mahaney, Senior Managing Director and Head of Internet Research at Evercore ISI, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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06.02.26 - 23:18
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Cantor Equity Partners VI, Inc. Announces Closing of $115 Million Initial Public Offering (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Cantor Equity Partners VI, Inc. (Nasdaq: CEPS) (the “Company”) announced today that it closed its initial public offering of 11,500,000 Class A ordinary shares at $10.00 per share, including 1,500,000 shares pursuant to the full exercise of the underwriter's over-allotment option. The shares began trading on the Nasdaq Global Market under the symbol “CEPS” on February 5, 2026.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of shares, $115,000,000 was placed into the Company's trust account. An audited balance sheet of the Company as of February 6, 2026, reflecting receipt of the proceeds from the consummation of the initial public offering and such private placement, will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (the “SEC”).
Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering.
About C...
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06.02.26 - 20:06
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Triple-I: Lloyd′s Marketplace Underscores Importance to U.S. Economy as Risks Intensify (Business Wire)
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Triple-I Examines Lloyd's Role, Financial Strength, and Innovation Amid Evolving Global Risk LandscapeMALVERN, Pa.--(BUSINESS WIRE)--As climate, cyber, artificial intelligence, and geopolitical risks accelerate, the Lloyd's insurance marketplace is reinforcing the need for innovation, capital resilience, and collaboration to address emerging threats, according to the Insurance Information Institute's (Triple-I's) latest issues brief, Lloyd's: Trends and Insights.
“With roots dating back to the 1600s, Lloyd's has evolved into a global marketplace to assist as well as regulate the transferring of complex risks,” said Sean Kevelighan, chief executive officer, Triple-I. “Its unique model connects global capital with risk, helping U.S. businesses, communities, and insurers manage exposures that might otherwise be difficult to insure.”
Lloyd's is not a single insurer but a global marketplace of independent businesses that collectively underwrite specialty and complex risks. Its modular structure ...
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