Bitcoin miners, who traditionally use GPUs for cryptocurrency mining, are now leasing or selling GPU access to AI companies. This shift is driven by the soaring demand for GPU computing power in AI model training and inference. Miners benefit from a new revenue stream that reduces dependence on volatile crypto prices, while AI firms gain faster, cheaper access to high-performance computing. Despite challenges like energy costs, regulatory uncertainty, and crypto market volatility, this trend signals a strategic repositioning of miners as key players in AI infrastructure.
Neumora Therapeutics announced that its Phase 3 KOASTAL-2 and -3 trials for navacaprant, a treatment for major depressive disorder, did not meet primary or key secondary endpoints, leading to discontinuation of navacaprant's development. Despite this...
SpyGlass Pharma has named Shannon Treviño as its new general counsel. Treviño brings extensive legal and leadership experience, having previously guided Inari Medical through a $4.9 billion acquisition. Her appointment comes as SpyGlass advances its ...
Ouster's stock surged nearly 8% in premarket trading after expanding its manufacturing partnership with Benchmark Electronics to scale production of its new REV8 digital lidar sensors. The REV8 sensors target industrial, robotics, automotive, and sma...
Safehold Inc. announced a common stock dividend of $0.177 per share for the second quarter of 2026, representing an annualized rate of $0.708 per share. The dividend will be paid on July 15, 2026, to shareholders of record as of June 30, 2026. Safeho...
Wedbush analyst Dan Ives praised SpaceX's IPO as a 'Goldilocks outcome' that reassures investors and supports the tech sector. The successful debut, with shares closing 19.3% above the IPO price, signals strong investor interest and paves the way for...
