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Switch in talks to raise funds at $50 billion-plus valuation, The Information reports
Switch in talks to raise funds at $50 billion-plus valuation, The Information reports June 4 : Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, The Information reported on Thursday, citing people with knowledge of the deal. Here are some details: • Brookfield Asset Management, KKR and other private equity and institutional investors have been in talks to invest in the round, the report said. • The fundraising round could possibly...
Salesforce cuts staff amid acquisition spree and $50 billion share buyback
Salesforce is undergoing another round of layoffs, its second this year, according to a filing with California’s Worker Adjustment and Retraining Notification office. The notice filed on Monday stated that 86 employees would be laid off from its Mission Street office in San Francisco on August 7. We're not sure if these were the only jobs cut, and Salesforce did not immediately respond to an email to its press office seeking comment.
Brookfield Bets on AI at Scale Never Tested Before in $50 Billion Push
The 1,400-acre site for Project Jupiter, an AI data center under development in New Mexico.
DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL
Chinese artificial intelligence start-up DeepSeek is finalising its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation of just under US$60 billion, according to people familiar with the matter – marking a six-fold leap from its US$10 billion valuation in April. The blockbuster round highlights intensifying global competition and a shifting strategy for the AI breakout star, which had previously resisted external capital. Market-oriented investors...
Inside Australia’s first major new airport in more than 50 years
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'Very troubled project': Hospital cost blowout concerns treasurer
Treasurer worried about hospital cost blowout amid projected record debt Sat 6 Jun 2026 at 7:27am In short: The SA treasurer says he is "very worried" about escalating costs for the new Women's and Children's Hospital in Adelaide, but will not reveal an updated price tag for the project. The state government handed down the 2026–27 budget on Thursday, which revealed net debt is expected to blow out to more than $50 billion in 2029–30. The treasurer says state net debt will reduce once the...
Can RBI shield rupee from further fall? Analysts expect up to $75 bn in fresh inflows
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Australia hits its highest number of billionaires on record. Do we need more?
In short: Australia has its highest number of billionaires on record, at 178 — up 17 from last year — with total wealth exceeding $686 billion, according to Oxfam analysis. The report finds the collective wealth of Australia's billionaires increased by $25.67 billion over the past year — equivalent to almost $50,000 per minute. The increasing number of Australian billionaires has led to divided views on how it will impact the nation's prosperity.
Elon Musk is steamrolling Wall Street to become a trillionaire
Today on Decoder, I’m talking to Ryan Mac, a technology reporter at The New York Times and coauthor of the excellent book Character Limit: How Elon Musk Destroyed Twitter, which came out in 2024. I can’t recommend it enough. I wanted to have Ryan on the show because we’re on the cusp of the SpaceX IPO, which promises to be one of the most consequential public offerings in history for a variety of reasons — its biggest-ever size, of course, at nearly $2 trillion dollars, but also because all...
GameStop submits $56 billion offer to buy eBay
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