Roper Technologies forecasts Q3 profit below estimates on weak enterprise spend

Software firm Roper Technologies forecast third-quarter profit below estimates on Wednesday, owing to weak spending and delayed contract renewals by its target industries.

Google Cloud will use Mistral AI’s Codestral artificial intelligence model for Google’s Vertex AI service, Google Cloud said on Wednesday.

Meta Platforms said on Wednesday it had removed about 63,000 accounts in Nigeria that attempted to engage in financial sexual extortion scams mostly aimed at adult men in the United States.

Britain’s information watchdog has rejected a Reuters appeal to identify lenders who have lost or surrendered state guarantees on millions of pounds of COVID-19 emergency loans, citing potential harm to their commercial interests.

Online security and compliance management platform Vanta said on Wednesday it had raised $150 million in a fresh funding round led by venture capital firm Sequoia Capital, giving it a valuation of $2.45 billion.

Microsoft will use Lumen Technologies’ network equipment to expand its capacity for AI workloads, the companies said on Wednesday, as the technology giant looks to meet growing demand at its data centers.

Visa’s underwhelming third-quarter revenue prompted a number of brokerages to cut their price targets on the company’s stock, stoking concerns about slowing growth in customer spending and casting a shadow on the U.S. payments industry.

Alphabet fell more than 3% on Wednesday on fears that its rising investments in AI infrastructure would squeeze margins and YouTube was facing tough competition for ad dollars.

A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm’s quality control mechanism, the company said on Wednesday.

U.S. Fortune 500 companies, excluding Microsoft , will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

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