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UBS Group AG reported a net profit of $1.136 billion in Q2, significantly exceeding forecasts. The bank's revenue also surpassed expectations, reaching $11.904 billion, while highlighting progress in cost reduction and integration efforts with Credit Suisse. Shares rose 2.3% in pre-market trading as UBS anticipates $7 billion in gross savings by year-end.
Intel sold its stake in Arm Holdings for approximately $146.7 million as part of its restructuring strategy, which includes job cuts and a focus on AI chips. Flutter Entertainment raised its annual profit forecast after a strong Q2, with shares surging 8.5% pre-market. The article also discusses various companies' performance and strategic moves in the current market landscape.
• Intel focuses on AI chips to recover technological edge.
• Flutter raises profit forecast after strong Q2 performance.
Intel's restructuring includes a focus on developing AI chips to regain its competitive edge in technology.
UBS is advancing integration efforts with Credit Suisse, aiming for significant cost savings.
The article discusses how market volatility influenced investor behavior and stock allocations.
Intel's recent sale of its stake in Arm Holdings is part of a broader restructuring to focus on AI advancements.
Flutter's improved profit forecast reflects its strong performance in the gaming sector, particularly with FanDuel.
Benzinga.com on MSN.com 14month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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