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| Palantir's strong quarter: The data software company with close ties to the US government exceeded estimates with its latest revenue and annual forecast, sending its stock higher in late trading. NXP's struggles: The Dutch chipmaker reported slightly slower growth than anticipated in its key automotive market, adding to concern about the pace of the company's recovery. OpenAI-xAI court fight: OpenAI accused Elon Musk's artificial intelligence startup of destroying evidence in a lawsuit that alleges OpenAI blocked competition in the market for generative AI tools. | |
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| Waymo raised $16 billion in a funding round that valued the Alphabet robotaxi company at $126 billion. The financing was led by new investors including Sequoia Capital. Waymo leads the field of companies vying for commercial autonomous driving operations, running full driverless, fare-charging services in about a half-dozen US cities with plans to expand this year in the US and into the UK. | |
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| Apple's iPhone set a sales record in China during the holiday quarter, evidence of its hold on consumers even though it lags behind rivals in some specifications like battery life and hasn't mastered artificial intelligence, Vlad Savov reports in today's Tech In Depth. The iPhone 17, however, is a genuine step up in style and features, particularly for those who haven't upgraded in several years, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world. | |
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