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Reuters05:02 ET

LSEG Expects Improved Profitability in 2025 as Microsoft Product Rollout Gathers Pace

Yahoo Finance02:46 ET

In the midst of the AI boom, the cloud computing rental sector is booming! The AI cloud giant CoreWeave has seen its valuation skyrocketing to 35 billion dollars and is about to go public on the US stock market.

CoreWeave, an AI Cloud Computing company supported by NVIDIA, plans to IPO with a valuation exceeding 35 billion dollars; recently, market enthusiasm for investments in newly listed AI-related companies has surged.

Zhitong Finance02:39 ET

Meta has increased executive bonuses to twice the salary, shortly after laying off 3,600 people.

According to reports, while implementing large-scale layoffs, the American technology giant Meta is increasing the compensation for Company Executives. The company recently approved a plan to raise the bonuses for executives from 75% of their base salary to a maximum of 200%. According to a recent filing with the USA Securities and Exchange Commission (SEC), the company's goal is to align executive compensation more closely with the company's priorities and industry standards. However, the timing is surprising, as just a week before this announcement, Meta laid off 3,600 employees, about 5% of its total workforce. Meta's Board of Directors in the document

Global Market Report01:59 ET