SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says
June 3 (Reuters) - SpaceX will disrupt the $1.6 trillion U.S. communications industry as the Elon Musk-led company's satellite broadband unit Starlink expands, Oppenheimer said in a note on Wednesday, adding that legacy broadband providers like AT&T may be most at risk.
Meta enters enterprise AI race with new business agent
LONDON, June 3 (Reuters) - Meta Platforms on Wednesday unveiled an artificial intelligence agent aimed at helping businesses carry out day-to-day operations, positioning the social media giant as a player in the enterprise AI market.
Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
June 3 (Reuters) - Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign of strong investor appetite for big tech companies as they expand their AI infrastructure and computing power.
US FDA to review AI-based tool to predict drug-related liver damage
June 3 (Reuters) - The U.S. FDA's Center for Drug Evaluation and Research said on Wednesday it has accepted a letter of intent for an artificial intelligence-based drug development tool designed to help predict drug-induced liver injury.
EU plans energy standards for data centres amid concerns over soaring power use
BRUSSELS, June 3 (Reuters) - The European Union will develop minimum energy-efficiency standards for data centres, it said on Wednesday, as concerns grow over their rapidly rising power use.
EU targets Big Tech dependence with 'made-in-Europe' drive
BRUSSELS, June 3 (Reuters) - The European Commission proposed laws on Wednesday to boost domestic cloud, AI and semiconductor industries and cut reliance on U.S. Big Tech, defying U.S. government criticism of the bloc's crackdown on its industry.
AlphaSense nearly doubles valuation to $7.5 billion in new funding round
June 3 (Reuters) - Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its funding round two years ago.
EU Parliament to switch to French search engine from Google in tech sovereignty push
BRUSSELS, June 3 (Reuters) - The European Parliament will switch to French search engine Qwant from Google, it said on Wednesday, underscoring Europe's push to reduce its reliance on U.S. technology in favour of local alternatives.
Analysis-Software stocks bounce back - now comes the hard part
June 3 (Reuters) - Software stocks have rebounded from a punishing selloff as investors are betting that AI may boost the sector rather than leaving it for dead.
When IPOs go wrong: SpaceX, AI firms face a delicate process
SAN FRANCISCO, June 3 (Reuters) - Beware the ghosts of IPOs past.
