NYU professor Tristan Buckmaster and collaborator Levent Alpöge announced proofs on the Navier-Stokes problem, a major unsolved math challenge. They allege OpenAI learned of their progress and used AI and vast computing power to produce a competing proof, raising concerns about academic ethics and AI's role in research. OpenAI denies these claims. The dispute highlights tensions over AI's influence in mathematical breakthroughs and transparency in research methods.
Roivant Sciences saw its price target raised to $52 by Jefferies, reflecting a 24.7% potential gain, following positive Phase 2 trial results for mosliciguat, a drug treating pulmonary hypertension linked to interstitial lung disease. The trial showe...
EVI Industries reported Q4 revenue of $121.87 million, surpassing analyst expectations of $117.1 million, and achieved a record fiscal year revenue of $446.6 million, marking a 15% increase year-over-year. The company met earnings per share forecasts...
Lakeland Industries continues to face profitability challenges with a projected negative EPS of -$0.06 and recent unprofitability. However, the company secured important contracts with the Hong Kong Government Flying Service and Airports of Thailand,...
BlackRock's iShares Bitcoin Trust (IBIT) attracted $3.7 billion in net inflows in the latest quarter, raising its assets under management to $62.6 billion. This surge highlights IBIT's dominance in the US spot Bitcoin ETF market, as many competitors ...
Nvidia Corporation and Broadcom Inc. have reported exceptional earnings and optimistic guidance, driven by surging AI capital expenditures from major hyperscalers. Spending by the top six hyperscalers could exceed $1.3 trillion by 2027, fueling growt...
