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Intel forecast misses estimates; shares tumble

(Reuters) -Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data center and PC chips and trails in the surging market for AI components. Businesses have prioritized spending on advanced and speedy artificial intelligence server chips, hurting demand for Intel's central processing units (CPUs), which have been the mainstay chip powering data centers for decades. Helped by its software, Nvidia dominates the market for AI chips with its powerful graphics processing units (GPUs), and commanded roughly 80% share last year.

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Intel forecast misses estimates; shares tumble

Intel forecast misses estimates; shares tumble
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Nature loss could slow UK growth 12% by the 2030s, report says

By Virginia Furness LONDON (Reuters) - Nature loss could pose a greater risk to Britain's economy than the COVID-19 pandemic and wipe 300 billion pounds ($373.83 billion) off UK economic growth if measures are not taken to slow it, the first such s...

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Support gathers for controversial New York bill on sovereign debt ahead of legislature return

A number of former heads
of state and policy makers have urged New York State lawmakers
to push ahead with a bill that would alter the legal landscape
governing over $800 billion in sovereign bonds...
-April 25, 2024 at 02:15 pm EDT
- MarketScreener

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Support Gathers for Controversial New York Bill on Sovereign Debt Ahead of Legislature Return

Support Gathers for Controversial New York Bill on Sovereign Debt Ahead of Legislature Return
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Support gathers for controversial New York bill on sovereign debt ahead of legislature return

Support gathers for controversial New York bill on sovereign debt ahead of legislature return
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Support gathers for controversial New York bill on sovereign debt ahead of legislature return

Support gathers for controversial New York bill on sovereign debt ahead of legislature return
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Musk's X Corp Appeals Dismissal of Lawsuit Against Anti-Hate Group

Musk's X Corp Appeals Dismissal of Lawsuit Against Anti-Hate Group
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LG Energy Solution to license out battery patents to block tech infringement, exec says

LG Energy Solution said on Wednesday it would launch a new business model of licensing out its battery technologies next month, as infringements of the South Korean company's patents surge with competition to supply electric vehicle makers. LGES, the world's second-largest EV battery producer after China's CATL, will also consider issuing warning notices or suing those it suspects are infringing its patents, Lee Han Sun, head of LGES' intellectual property center, said in an interview. "Over the past two or three years, myriads of latecomers have sprung up in the EV battery sector globally, resulting in the spread of a price war and patent infringements," Lee said.

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