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Comcast plans more than 1,000 cuts in connectivity and platforms

Comcast plans to cut more than 1,000 jobs in its connectivity and platforms divisions, Bloomberg reported. The workforce reduction comes as the company prepares to separate those declining businesses from its faster-growing media and entertainment division.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Capital
Capital

Altimeter targets $2.5 billion fund for late-stage companies

Altimeter Capital Management is targeting a $2.5 billion venture capital fund for late-stage, pre-IPO companies, Bloomberg reported, citing securities filings and a person familiar with the matter.

Infrastructure
Infrastructure

Banks and private lenders pull back from new AI data center financing

Commercial banks and private credit lenders have begun pulling back from financing new AI data centers, Business Day reported. Credit committees are stalling deals even for facilities backed by Alphabet and Anthropic as secondary debt markets reprice risk.