Hackers targeted municipal water systems in 7 states this week, FBI says

Cyberattacks targeting municipal water systems have been reported in at least seven states this week, prompting the FBI and the Environmental Protection Agency to warn utilities nationwide that hackers are trying to disrupt critical water infrastructure. In a public service announcement Thursday, the agencies said water and wastewater utilities have reported incidents to the FBI,…

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Dwindling cash and soaring memory costs

Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…

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5 things to know before the stock market opens Friday

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Microsoft added nearly $450 billion to its market cap yesterday as the stock climbed 15% — its best day since 2008. Stock futures are rising before the bell following Thursday’s rally on Wall Street. Here are five key things investors need…

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