Kodiak AI's stock dropped 37% after the company raised $100 million by selling shares at $6.50 each, well below its $9.10 closing price, indicating investor wariness about its valuation. The funding, including warrants, came from existing backer Ares Management and other institutional investors to support scaling its self-driving truck business. Despite revenue growth to $1.8 million in Q1, Kodiak's operating loss doubled to $37.8 million, highlighting ongoing cash burn. The company plans to launch driverless trucking on public highways later this year, transitioning to a driver-as-a-service model, and is progressing with commercial contracts and technology validation.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Hi-View Resources Inc. has started its 2026 exploration program in the Toodoggone Mining District, British Columbia, focusing on porphyry targets at key sites like Lawyer’s East, Borealis, and Golden Stranger. The program includes 50 line kilometres ...
The U.S. Patent and Trademark Office (USPTO) has introduced an AI-assisted image search feature in its public trademark search system, TM Search, using technology from Clarivate Plc. This new tool allows users to upload images and compare them agains...
AIB Data Centers Inc. is considered a speculative buy with a $3.50 price target based on its 65 MW energized capacity. The investment case depends heavily on securing a single anchor lease at its CLT-01 facility, which would validate its business mod...
Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...
