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Reddit forecasts revenue above estimates as AI fuels ad sales

By Jaspreet Singh Feb 5 (Reuters) - Reddit forecast first-quarter revenue above analysts' estimates on Thursday, as artificial intelligence-powered enhancements to its ad platform help the social media platform draw more marketers. Shares of the company rose around 2% in extended trading after it also announced... Read More.

Trading Day: AI, crypto routs deepen

By Jamie McGeever ORLANDO, Florida, Feb 5 (Reuters) - The tech-fueled stock market selloff snowballed on Thursday and slammed the Nasdaq to its lowest since November, while precious metals prices and bitcoin tanked, as worries over companies' massive AI capex spending and the U.S. job... Read More.

Hedge funds hit by AI sell-off, Goldman Sachs says

By Nell Mackenzie LONDON, Feb 5 (Reuters) - Big hedge funds that trade in stocks had their worst day in almost a year on Wednesday as crowded trades lost value in the tech-driven selloff, Goldman Sachs said in a note to clients released after the... Read More.