Sara Montes de Oca

AI Financial Corp., formerly Alt5 Sigma, says it has "substantially mitigated" the going-concern risks flagged in May, but its stock remains at 65 cents — below Nasdaq's $1 minimum — after a 92% decline tied to its $1.5 billion bet on a Trump family-backed cryptocurrency.

56 DAYS AGO

Autonomous EV freight trucking company Einride surged as much as 90% on its Nasdaq debut Wednesday after completing a SPAC deal that valued the company at $1.35 billion, down from an original $1.8 billion target set in November.

56 DAYS AGO

Meta Platforms will lease a 168 MW AI-enabled data center in India from Reliance Industries, with the Jamnagar facility set to be delivered within two years and accompanied by nearly 1 GW of renewable energy partnerships.

56 DAYS AGO

Super Micro Computer shares dropped 9% in after-hours trading Tuesday after the company announced $7 billion in equity-related financing deals, even as it disclosed $39 billion in AI server orders from more than 20 customers.

57 DAYS AGO

Rivian has begun delivering its R2 SUV to reservation holders and pulled the timeline for its $45,000 entry-level model forward to next summer, as the company bets on high-volume sales to achieve profitability.

57 DAYS AGO

The Trump family was entitled to roughly $500 million from a 2025 crypto deal with Alt5 Sigma, while the company — now called AI Financial Corp. — has lost more than 90% of its stock value and warned it may not survive as a going concern.

57 DAYS AGO

Thoma Bravo founder Orlando Bravo declared the "SaaSpocalypse" over at a Berlin private equity conference, saying AI now accounts for roughly 50% of new revenue across his firm's software portfolio companies, which together generate $35 billion in combined annual revenue.

57 DAYS AGO

CISA has ordered federal agencies to patch a critical Check Point VPN authentication-bypass flaw, CVE-2026-50751, by June 11 after Qilin ransomware affiliates exploited it as a zero-day against dozens of organizations worldwide.

57 DAYS AGO

Perplexity CEO Aravind Srinivas confirmed a 2028 IPO target, calling the timeline firm regardless of how the market receives upcoming listings from OpenAI, Anthropic, and SpaceX.

58 DAYS AGO

Apple opened its 2026 Worldwide Developers Conference with AI strategy and a CEO transition front and center, as Tim Cook leads his final WWDC keynote before John Ternus takes over in September.

58 DAYS AGO

Alphabet's $80 billion stock sale to fund AI infrastructure, combined with surging data center costs and a jobs report that extinguished rate-cut hopes, has raised fears that Amazon, Microsoft, and Meta may need to follow with their own large equity offerings.

59 DAYS AGO

GOG apologized after a June 5th promotional newsletter for the Slavic mythology game The End of the Sun included symbols that rendered as Nazi SS imagery on some platforms, with the company citing miscommunication, font rendering inconsistencies, and holiday understaffing.

60 DAYS AGO

Spot ETFs tracking the HYPE token from Bitwise, 21shares, and Grayscale attracted nearly $160 million in combined assets within days of launch, even as bitcoin and ether ETFs shed value amid a broad crypto selloff.

60 DAYS AGO

SpaceX has signed a deal to provide Google with AI compute capacity at $920 million per month, spanning from October 2026 through June 2029, as the company moves to monetize data centers built for its xAI unit ahead of a planned IPO.

60 DAYS AGO

The Trump administration and OpenAI are in ongoing discussions about a possible U.S. government equity stake in the AI company, with talks that began in 2025 centering on a proposed "Public Wealth Fund" that could distribute AI investment returns to citizens.

61 DAYS AGO

Amazon unveiled a next-generation Proteus warehouse robot capable of understanding natural-language commands, as JPMorgan lifted its sell rating on Tesla, citing the automaker's AI and robotics capabilities — two developments reflecting accelerating corporate investment in physical AI.

61 DAYS AGO

OpenAI confirmed it will comply with President Trump's executive order requiring AI companies to submit models for federal benchmarking 30 days before release, with the company's head of countries calling government oversight "quite right."

61 DAYS AGO

S&P Global said it will not change its S&P 500 eligibility requirements, blocking SpaceX from swift index entry after its record-targeting $1.75 trillion IPO. The move leaves SpaceX ineligible due to a $4.94 billion net loss reported in 2025.

62 DAYS AGO