Meta Rallies on Report of New AI Cloud Computing Business
Meta shares jumped after a report said the company is developing a cloud business that will sell AI models and excess computing capacity to external customers.
Meta shares jumped after a report said the company is developing a cloud business that will sell AI models and excess computing capacity to external customers.
Meta introduced Brain2Qwerty v2, a non-invasive AI system that converts brain activity into text using MEG recordings without requiring a surgically implanted chip.
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986, raising concerns that Japan could intervene again to support the currency.
Airwallex raised $320 million at an $11 billion valuation as the fintech company expands its financial infrastructure for a future where AI agents manage business payments and finance.
SpaceX plans to launch a direct-to-consumer Starlink mobile service in the United States, expanding beyond satellite broadband into the highly competitive wireless market.
Micron reported record quarterly revenue, earnings, and guidance, significantly exceeding Wall Street expectations as surging demand for AI memory chips continued to drive growth.
Wendy’s shares surged 42% after attracting heavy attention from WallStreetBets, with record short interest fueling speculation that the stock could become the market’s next major short squeeze.
OpenAI introduced Jalapeño, a custom AI inference chip developed with Broadcom and designed to improve the efficiency and performance of running large language models.
Y Combinator co-founder Paul Graham argues that building a billion-dollar business is possible through sustained growth, identifying overlooked customer needs, and creating products founders genuinely want themselves.
Cboe has launched Cboe Predicts, a new prediction market platform that allows traders to take directional positions on future market outcomes through regulated exchange-traded products.
Gero has secured $17 million in new funding, bringing its total capital raised to $34 million as the company advances AI-driven drug discovery focused on aging and chronic diseases.
Getty Images shares surged nearly 100% after the company announced a display partnership with OpenAI, highlighting growing demand for licensed content in AI products.
SK Hynix has surpassed Samsung Electronics to become South Korea’s most valuable public company as demand for AI memory chips continues to fuel explosive growth.