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00:02Dell agreed to acquire Israel-based Dataloop AI on Wednesday in an all-cash deal valued at $120
00:08million, according to Benzinga. The acquisition supports Dell's push into artificial intelligence
00:14and end-to-end AI infrastructure for enterprise customers. Founded in 2017, Dataloop provides a
00:21platform for managing, labeling, and processing unstructured data used in AI model training.
00:27The company served clients including Vimeo, Rentakill, Juve, Taranis, Pixelot, Syngenta,
00:34Brunswick, and Global Automakers, and employed more than 80 people. Last month, Dell guided
00:39fourth quarter revenue of $31 billion to $32 billion and adjusted EPS of $3.50. The company raised full
00:48revenue guidance to $111.2 billion to $112.2 billion and adjusted EPS to $9.92. Shares rose 0.7% to $128.78
01:02in pre-market trading on Thursday, according to Benzinga Pro. For all things money, visit Benzinga.com.
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