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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...
IREN plans $2B convertible notes offering due 2033 to fund growth and manage dilution risks.
IREN Limited announced a private offering of $2 billion in convertible senior notes due in 2033, with an option for an additional $300 million. The notes will be senior unsecured debt, convertible into cash or shares under certain conditions, and red...
Cloudflare raises price target to $200 after Q1 beat and AI-driven restructuring announcement.
Susquehanna analyst Shyam Patil raised Cloudflare's price target to $200 from $190 following a strong Q1 FY2026 performance and the company's announcement of a major workforce reduction to support an AI-first operating model. Cloudflare beat revenue ...
Disney's new CEO drives AI and Disney+ growth plans, sparking renewed investor optimism.
Disney has struggled with stagnant stock performance over the past decade, but new CEO Josh D’Amaro is leading a transformative strategy focused on growth through Disney+, tech-enabled experiences, and AI integration. The company aims to leverage AI ...
Airtel Africa shares jump 16% after Bharti Airtel plans stake reorganization
Airtel Africa's shares surged over 16% following Bharti Airtel's announcement of a planned reorganization of its subsidiary holdings, including Airtel Africa. The reorganization may involve consolidating or acquiring shares of subsidiaries, potential...
BP gets a second chance to cut debt as high oil prices boost outlook, says RBC Capital Markets.
RBC Capital Markets upgraded BP to outperform, highlighting a new opportunity for the oil giant to reduce its debt amid elevated oil and gas prices. The broker expects BP's net debt-to-cash flow ratio to drop from 2.0 in 2025 to 1.0 by 2027 if Brent ...
ADIA Nutrition's four clinical studies on stem cell therapies get IRB approval, kidney study starts recruitment.
ADIA Nutrition announced Institutional Review Board (IRB) approval for all four of its planned clinical studies evaluating its AdiaVita™ stem cell and exosome therapies. The flagship kidney health study for chronic kidney disease has been registered ...