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Qualcomm Buys Alphawave in $2.4B AI Push

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Amazon to Invest $20 Billion in Pennsylvania

Amazon has announced plans to invest $20 billion in Pennsylvania to expand its cloud infrastructure. This strategic move underscores the tech giant’s commitment to leading the generative AI revolution. Amazon Web Services will deploy a series of high-capacity data centers aimed at supporting increasingly sophisticated AI models and services. The announcement follows closely on the heels of a similar investment in Ohio, marking a broader regional push.
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BlackRock Faces GOP Legal Challenge

BlackRock is pushing back against Republican-led states accusing it of antitrust violations over climate-related investing. The lawsuit claims asset managers colluded through ESG frameworks. BlackRock’s legal team dismissed the allegations as implausible. Meanwhile, the case has sparked new debate over fiduciary responsibility and politicized investing. Markets are watching closely, as the ruling could have wide implications for ESG investing in the U.S.
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Qualcomm Buys Alphawave in $2.4B AI Push

Qualcomm is acquiring UK chip designer Alphawave for $2.4 billion to enhance its AI data center capabilities. The acquisition reflects growing demand for infrastructure to support generative AI workloads. Alphawave’s technology helps manage ultra-fast data transfer—key for training large AI models. The news sent Alphawave shares soaring 22%. Qualcomm expects the deal to close by Q3, pending regulatory approval.
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Warner Bros Discovery Splits in Streaming Shakeup

Warner Bros Discovery will divide into two public companies—one for streaming/studios and another for cable networks. This move aims to better compete in the on-demand era. The legacy cable business, including CNN, has weighed on growth. Analysts say the breakup signals a broader media realignment. The split is expected to finalize next year, pending regulatory and board approvals.
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