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Elon Musk's AI infrastructure shift turns massive losses into $5-6B profit potential
Elon Musk's AI venture xAI, previously incurring heavy losses, is pivoting to become highly profitable by monetizing its AI infrastructure. Instead of just using its Colossus supercomputer for internal AI training, Musk is positioning it as a cloud s...
FTI Consulting appoints Emanuele Grasso to lead Corporate Finance in Italy, boosting its financial services growth.
FTI Consulting has named Emanuele Grasso as Senior Managing Director and leader of its Corporate Finance segment in Italy. Grasso, with over 30 years of experience advising global financial institutions on complex transactions, returns to Milan after...
Nomagic and Brack.Alltron expand partnership to deploy advanced AI robots in Swiss warehouses.
Nomagic, a robotics company specializing in Physical AI, has expanded its partnership with Swiss e-commerce platform Brack.Alltron to include Vision-Language-Action (VLA) systems in live warehouse operations. This upgrade enables robots to better und...
Investec Bank discloses share dealings for Advanced Medical Solutions Group on May 8, 2026.
Investec Bank plc, acting as advisor and joint broker to Advanced Medical Solutions Group plc, disclosed its share dealings on May 8, 2026. The bank purchased 120,756 ordinary shares at prices between 245 and 250 pence and sold 176,081 shares at pric...
US stock futures dip as Trump rejects Iran peace proposal; Moderna and Micron stocks gain.
US stock futures fell following President Trump's rejection of Iran's response to a US-backed peace proposal, causing geopolitical concerns. Meanwhile, Moderna shares rose over 8% on positive Phase 3 flu vaccine data, and Micron Technologies gained 2...
First Western Trust appoints Alison Timboe as Senior VP, Trust Officer in Jackson Hole to boost trust services.
First Western Trust has named Alison Timboe as Senior Vice President and Trust Officer at its Jackson Hole office. Timboe brings nearly 20 years of experience in estate planning and fiduciary advisory, previously holding senior roles at Wells Fargo P...
Trump Media faces leadership and revenue struggles with new CEO bringing cautious hope
Trump Media & Technology Group Corp. has struggled under former CEO Devin Nunes, showing minimal revenue and a nearly nonexistent operating business, with Q1 advertising revenue down 25% year-over-year to $617,000. The company's enterprise value is a...
Alphabet's AI edge threatens Nvidia's crown as most valuable company amid market shifts.
Nvidia, currently the world's most valuable company with a $5.2 trillion market cap, faces a challenge from Alphabet, whose market cap has risen 26% this year to over $4.8 trillion. Alphabet's diverse and highly profitable businesses, especially its ...
Providence Gold finds up to 8.0 g/t gold in Mojave Girl stockpiles, advancing to Phase 2 sampling at Tarantula site.
Providence Gold Mines reported gold assay results from surface sampling at its La Dama de Oro property in California, with values up to 8.0 g/t Au from the Mojave Girl Vein stockpiles. The first phase identified about 650 tons of material suitable fo...
Apple shifts flagship from iPhone to smart glasses and ambient computing by 2026
Apple is transitioning its flagship product from the iPhone, which has dominated since 2007, to a head-mounted ambient computing platform featuring the Vision series and upcoming Ray-Ban-style smart glasses by 2026. While iPhone revenue remains stron...