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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...
Stadion and Morningstar launch personalized managed accounts via Lincoln Financial for retirement plans
Stadion Money Management and Morningstar Retirement have partnered to offer Stadion Managed Accounts powered by Morningstar Retirement through Lincoln Financial’s Retirement Plan Services. This collaboration combines Stadion’s portfolio management ex...
Richardson Electronics to present at LD Micro Invitational on May 18, 2026
Richardson Electronics, a global provider of engineered solutions for alternative energy and power management, announced it will present at the 16th Annual LD Micro Invitational in Los Angeles on May 18, 2026. The presentation will be led by Chairman...
Cboe hires Julie Bauer as SVP to lead government relations and policy advocacy.
Cboe Global Markets has appointed Julie Bauer as Senior Vice President and Head of Government Relations, effective May 19, 2026. Bauer will oversee Cboe's engagement with regulators and policymakers to support its strategic goals amid evolving financ...
Lemonade launches affordable digital renters insurance in Delaware, expanding its US coverage.
Lemonade, a tech-first insurance company, has launched its renters insurance product in Delaware, offering digital coverage starting at $5 per month. The product is about 30% cheaper than average nationwide policies and allows customers to manage quo...
Qualcomm and Micron shares soar over 80% in a month on AI-driven demand surge.
Qualcomm and Micron shares have surged roughly 86% and 88% respectively over the past month, driven by strong AI semiconductor demand. Qualcomm's rally follows its fiscal Q2 earnings and new data center silicon shipments expected later this year, whi...
Micron sees strong AI-driven memory demand with new capacity only after 2028, boosting pricing power.
Micron expects significant new memory industry capacity to emerge only after 2028, supporting a prolonged period of tight supply and stronger pricing power. The demand for DRAM, NAND, and SSDs driven by AI is currently outpacing supply, which benefit...