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Coatue is raising $1B for AI bets

Coatue Management, a hedge fund that invested heavily in tech startups during the pandemic-infused boom, is raising $1 billion to back AI-focused companies, Bloomberg reported on Monday. The funding, which will top up the firm’s flagship fund, will be raised primarily from institutional investors. However, high-net-worth individuals with accounts at …

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Palantir Reports Record Profit, Cites ‘Unwavering’ AI Demand

(Bloomberg) — Palantir Technologies Inc. reported quarterly revenue that beat analysts’ estimates and raised its forecast for operating income in the current period, citing high demand in the US for its artificial intelligence software. Most Read from Bloomberg The company’s stock jumped about 13% in after-hours trading following the report. …

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A Recent Timeline of Elon Musk Going All In on Trump

Billionaire X owner Elon Musk has become one of former president Donald Trump’s most important financial backers, and certainly his most vocal in Silicon Valley, since endorsing him in July. For the final month of the US presidential campaign, Musk has been pulling out all the stops, going “all in” …

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