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Crypto Breaking News

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Bloomberg

Akamai Shares Jump on $1.8 Billion AI Cloud Deal

Akamai CEO Tom Leighton joined Bloomberg Open Interest to break down a massive $1.8 billion AI cloud deal. Leighton said he could not give details on who the deal is with. He explains why it signals a shift away from big tech hyperscalers and how edge computing is becoming essential for stopping AI-powered cyberattacks, cutting costs, and delivering faster performance.

Read more: Akamai Shares Jump on $1.8 Billion AI Cloud Deal
Bloomberg

US Consumers Are 'Very, Very Frustrated,' UMich's Hsu Says

University of Michigan Surveys of Consumers Director Joanne Hsu discusses the persistent consumer pessimism despite stable macro indicators. She says the cost of living and high prices, especially a recent spike in gas prices, remain the dominant concern and are now clearly showing up in weaker demand. She speaks on "Bloomberg Open Interest."

Read more: US Consumers Are 'Very, Very Frustrated,' UMich's Hsu Says