Meridian Corporation revised its Q1 2026 results, reporting net income of $2.0 million, a 72% drop from the prior quarter, mainly due to increased credit loss provisions and a 34% decline in non-interest income. Despite a 21% rise in pre-provision net revenue and improved net interest margin to 3.82%, net interest income fell slightly. Loan growth was modest, with commercial loans up 1%, while non-performing loans and net charge-offs increased, reflecting asset quality challenges. The company declared a quarterly dividend of $0.14 per share, signaling confidence despite earnings pressure.
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...
