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Louis Gerstner, the man who saved IBM, dies at 83 — industry mourns the passing of transformative CEO

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Verdict: Louis Gerstner, the CEO who saved IBM from collapse in the 90s, has passed away at 83, remembered for his transformative leadership.

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Gerstner took the helm of IBM in 1993 when the company faced near-bankruptcy.
He is credited with preventing IBM's breakup and preserving it as an integrated entity.
Gerstner dramatically altered IBM's strategic direction, leading to its revitalization.

Louis Gerstner, the man widely credited with rescuing IBM from the brink of disaster in the 1990s, has died at the age of 83. Taking over in 1993 when IBM was teetering on the edge of breakup and bankruptcy, Gerstner's leadership is celebrated for keeping the company together and completely changing its course. His passing marks the end of an era, with the industry mourning the loss of a truly transformative CEO.

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UK activist hits Valve with a $903 million lawsuit — claims Steam is abusing its market dominance and forcing UK consumers to pay too much for Steam games

💡 Verdict: A UK activist has filed a $903 million lawsuit against Valve, alleging Steam abuses its market dominance, causing UK consumers to overpay for games. Check Price: Steam Store ⚡ Quick Hits * The lawsuit alleges Steam's market dominance leads to inflated game prices for UK consumers. * The claim centers

Nvidia pumps another $2 billion into CoreWeave and announces standalone availability of Vera CPU — chipmaker increases stake in its customer to 9%

💡 Verdict: Nvidia invests an additional $2 billion into CoreWeave, signaling strong confidence in the AI customer's growth and management, while also announcing standalone availability of the Vera CPU. Check Price: Vera CPU ⚡ Quick Hits * Nvidia increases its investment in CoreWeave, demonstrating faith in the company's potential.

Ambitious 170 km long Saudimegacity 'The Line' has scope slashed and may be repurposed as AI data center hub — futuristic desert city was set to house 9 million people, and showcased polarizing sci-fi design

💡 Verdict: Saudi Arabia is reportedly scaling back its ambitious "The Line" megacity project and considering repurposing it as an AI data center hub. Check Price: The Line ⚡ Quick Hits * The Line project is facing significant downsizing. * The project may be shifting focus to AI data infrastructure. * Original plans

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