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Thoma Bravo co-founder Orlando Bravo said valuations for artificial intelligence companies are “at a bubble,” comparing it to the dot-com era.But one key difference in the market now, he said, is that large companies with “healthy balance sheets” are financing AI businesses.Bravo’s private equity firm boasts more than $181 billion in assets under management as of June, and focuses on buying and selling enterprise tech companies, with a significant chunk of its portfolio invested in cybersecurity.Bravo told CNBC’s “Squawk on the Street” on Tuesday that investors can’t value a $50 million annual recurring revenue company at $10 billion.”That company is…

U.S. Senator Susan Collins (R-ME) speaks with Senator Lisa Murkowski (R-AK), as Lori Chavez-DeRemer, U.S. President Trump’s nominee to be secretary of labor testifies before a Senate Health, Education, Labor, and Pensions (HELP) Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 19, 2025.Kent Nishimura | ReutersSen. Susan Collins is reportedly shopping around a potential off-ramp to the government shutdown that has paralyzed Washington, but the Maine Republican is not ready to give in on the primary demand by her Democratic colleagues.Collins has been circulating a “discussion draft” of a proposal that would include GOP pledges on a…

COLUMBUS, Ohio — Columbus Crew and former United States midfielder Darlington Nagbe plans to retire at the end of the Major League Soccer playoffs, the team announced Tuesday.The 35-year-old has won four league titles in 15 MLS seasons, with Portland (2015 ), Atlanta (2018) and Columbus ( 2020, 2023 ). He has been the Crew captain since 2020.- Spain great Alba to retire after Miami season- MLS Power Rankings: Philly wins Shield, red-hot LAFC rolling”After years of incredible memories, I’ll be finishing my career at the end of this season,” Nagbe said on social media. “I’m more than grateful for…

GLEN RIDGE, N.J. (AP) — Democrats say fallout from the Trump administration’s aggressive tactics during the shutdown of the federal government could give them a welcome boost in the only two governors’ races on the ballot this year.In Virginia, 175,000 people work for the federal government, according to the Congressional Research Service. In New Jersey, where federal workers number roughly 23,000 by the CRS’s estimate, the Republican administration has announced the freezing of $18 billion in funding for a rail tunnel connecting the state to New York City.The Nov. 4 elections in Virginia and New Jersey represent the next big…

Check out the companies making headlines in midday trading: Oracle — The software giant fell more than 5%, leading a reversal in tech stocks, after The Information reported its margins on its cloud business are weaker than analysts currently estimate and that it is losing money on some of its Nvidia chip deals. Figma — The design software vendor jumped about 7%, adding to its 7% gain in the prior session . On Monday, OpenAI CEO Sam Altman introduced Figma’s integration into ChatGPT, which will allow ChatGPT users to have Figma run tasks from within their conversations. Dell Technologies —…

Inter Miami CF are in advanced talks with defender Sergio Reguilón for a possible contract ahead of the 2026 MLS season, sources told ESPN on Tuesday.The left back would come in to replace Jordi Alba, who announced his retirement from football at the end of the year after two years with Inter Miami. Though Alba initially signed a contract extension with Inter Miami through the 2027 season, he decided to rescind the deal and retire instead.Reguilón would join the team in January during the winter transfer window.Sergio Reguilón played on loan for Manchester United from Tottenham. Photo by Clive Brunskill/Getty ImagesEditor’s…

UTICA, N.Y. (AP) — A prosecutor told a jury Tuesday that three former upstate New York prison guards on trial in the fatal beating of a Black handcuffed inmate took part in an act of “sheer, unimaginable brutality.”Mathew Galliher, Nicholas Kieffer and David Kingsley are charged with murder and first-degree manslaughter in the death of Robert Brooks, whose beating by guards at the Marcy Correctional Facility on Dec. 9 was captured in part on body-camera footage. The trio were among 10 corrections officers indicted in February on murder charges or for lesser crimes. Onondaga County District Attorney William Fitzpatrick told…

YAOUNDE, Cameroon (AP) — Cameroon’ s 92-year-old President Paul Biya held his first campaign rally Tuesday in the country’s restive Far North region, as the world’s oldest head of state seeks to extend his 43-year rule in the Oct. 12 presidential election.Addressing a crowd of supporters at a stadium in the town of Maroua, Biya promised to step up security in the region plagued by extremist attacks, curb youth unemployment and improve road infrastructure and social amenities if he is elected for an eighth term. “I am well aware of the problems that concern you, I know the unfulfilled expectations…

Oracle stock slipped 3% on Tuesday after a report from The Information that raised questions about the company’s plans to buy billions of Nvidia chips to rent as a cloud provider to clients like OpenAI.Oracle had 14% gross margins on $900 million in sales in its Nvidia cloud business in the three months ending in August, according to the report, which cited internal documents. That’s significantly lower than Oracle’s overall gross margin of around 70%.The report said that Oracle’s recent transformation into one of the most important cloud and artificial intelligence companies may run into profitability challenges because of how…

The Palestinian movement Hamas has said on Tuesday that Israel has failed to achieve any of its objectives in its genocidal war on Gaza and that it was becoming increasingly isolated on the world stage due to the abuses it was carrying out in the besieged enclave. Senior Hamas official Fawzi Barhoum said in a televised speech that despite laying waste to much of the enclave, Israel had failed in its attempts to expel Palestinians to other countries and that Israel’s repeated attacks across the wider Middle East had exposed itself as a threat to the region. “[The ongoing genocide] has…