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Global dealmaking reached $2.6 trillion, the highest for the first seven months of the year since the 2021 pandemic-era peak, as a surge in AI activity has overcome the uncertainty caused by US tariffs, Reuters reports.
Meanwhile, Big Tech companies have spent a whopping $155 billion on developing AI this year. And this is just the beginning, as Silicon Valley is expected to pour hundreds of billions more into the segment.
ICYMI: ChatGPT’s impressive growth continues as the chatbot is on track to hit 700 million weekly active users this…

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