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AI leaders stare down limits as they keep spending big
- AI leaders continue to spend significantly, with IPOs like eToro rising but overall IPO market still uncertain.
- Software-only cloud hyperscalers like Salesforce are emerging, while doubts grow around the sustainability of cutting-edge AI models.
- Companies like Meta face challenges as they delay mega-model releases and question the effectiveness of reasoning models.
- Despite ongoing investments in AI, concerns about profitability arise, especially with some companies experiencing low revenue.
- The quantum computing sector sees investments in startups like Classiq, although commercial viability remains a distant prospect.
- Amidst a bustling tech event week, including Dell Tech World and Google I/O, several earnings reports are expected.
- Key developments include AI advancements by Google DeepMind and OpenAI, acquisitions by Salesforce and Databricks, and new AI tools by various companies.
- Financial activities include IPO preparations by Chime and Pony AI, acquisitions, and significant funding rounds for AI startups.
- Policy discussions involve Trump's views on business strategies and ongoing cyber incidents, like the data breach at Coinbase.
- Across the tech industry, quantum computing gains attention with investments in companies like Classiq, along with acquisitions such as Robinhood acquiring WonderFi.
- Notable industry movements include executive changes at companies like Cisco, Microsoft, and Lidar startup Luminar Technologies.
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