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Technology shares climbed after CoreWeave said customer prepayments on computing-power contracts would help it contain credit costs, easing concerns about whether the artificial-intelligence boom can be sustained. The cloud-computing company is also a major data-center developer.
Bloomberg reported that Anthropic’s initial public offering is oversubscribed.
OpenAI reached an annualized revenue milestone of $10 billion and improved its adjusted operating margin, despite posting a significant operating loss in the third quarter.
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