Affiliated Managers Group (AMG) reported strong Q1 2026 results with diluted EPS of $3.84 and economic EPS up 58% year-over-year to $8.23. The company achieved record assets under management (AUM) of $882 billion and net client cash inflows exceeding $22 billion, fueled by demand in liquid alternatives and private markets. AMG also repurchased $186 million in stock and continued investing in growth areas like fixed income and real estate through new partnerships. These results highlight AMG's solid business momentum and disciplined capital allocation, positioning it for sustained long-term value creation.
Perplexity AI CEO Aravind Srinivas shared lessons from Nvidia's Jensen Huang and Tesla's Elon Musk, highlighting Huang's mindset of running Nvidia as if it could fail within 30 days despite its $5 trillion valuation and advanced technology. Srinivas ...
Meta Platforms introduced an AI-powered feature called "AI Mode" within Facebook Search, which uses Meta's AI model Muse Spark to provide answers from public content rather than traditional search results. This innovation could generate over $10 bill...
Cuprina Holdings shares surged 111.84% intraday following FDA 510(k) clearance for its MEDIFLY Maggots wound care product, the first maggot debridement therapy using Lucilia cuprina species approved in the U.S. The product treats non-healing necrotic...
Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...
Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...
