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Microsoft, Google, Amazon Look to Generative AI to Lift Cloud Businesses
Tech Cloud providers are trying to use the tech behind ChatGPT to heat up demand Source link
First Citizens Buys Much of Silicon Valley Bank
The acquisition comes more than two weeks after the lender’s collapse sent tremors through the banking system. Source link
Semiconductor Firms Asked to Submit Financial Projections to Get Chips Act Funds
WSJ News Exclusive Business Commerce Department will use financial statements to evaluate applications Source link
Uber Eats to Take Down Thousands of Virtual Brands to Declutter the App
WSJ News Exclusive Tech Company plans to stop allowing restaurants to list multiple brands with the same menu Source link
U.S. Ad Spending Still Expected to Grow in 2023 Despite ‘Stressful Economic Signals’
CMO Today Media owners’ U.S. ad revenues are expected to increase 3.4% to $326 billion this year, according to a new forecast from Magna Source
Europe’s Big Polluters Win Carbon-Credit Windfall
Some of Europe’s largest polluters are earning windfalls from the sale of carbon credits. Their profits are an unintended consequence of generous subsidies that make
Salesforce Shakes Off Proxy Fight From Elliott
The activist investor says it was swayed by the business-software provider’s latest financial results and cost-cutting. Source link
Toshiba Shareholders Draw the Short Stick, Again
Markets Heard on the Street Toshiba’s sale was supposed to be a bookend to years of corporate governance reforms in Japan Source link
Social Media Platforms Are Asking Users for Money. They Probably Don’t Mean You.
Social-media companies are finally asking users to pay up. It isn’t personal—it’s strictly business. As of last month, the option to pay for Facebook’s new
Accounting-Fraud Indicator Signals Coming Economic Trouble
A tool to identify corporate earnings manipulation finds the most risk in over 40 years. Source link