Perplexity AI CEO Aravind Srinivas announced the company plans to go public in 2028 regardless of how Anthropic and OpenAI's IPOs perform. This follows Anthropic's confidential IPO filing and OpenAI's reported plans to list, both valued highly in the AI sector. Srinivas emphasized the importance of these IPOs for the AI industry and expressed confidence they will be well-received. He also highlighted ongoing innovation as key to sustaining high valuations and noted that Perplexity uses a cost-effective approach by selecting the best AI models for tasks.
Snow Rothschild Acquisition Corp. priced its initial public offering (IPO) at $200 million, issuing 20 million units at $10 each. Each unit includes one Class A share and half a warrant, allowing purchase of additional shares at $11.50. The units wil...
Piper Sandler downgraded NVIDIA from "Overweight" to "Neutral" citing potential government scrutiny, including concerns over national security and competition. Despite this, demand for NVIDIA's AI products, especially Grace Blackwell systems, is very...
Casey's General Stores is set to report its Q2 2026 earnings on June 9, with analysts forecasting a 28.9% increase in earnings per share to $3.39 and revenue growth of 8.8% to $4.34 billion. Despite a slight 0.8% downward revision in EPS estimates re...
The Pentagon has added Chinese tech giants Alibaba, Baidu, and automaker BYD to a list of companies it believes support China's military. This move prohibits the US Defense Department from contracting directly with these firms starting later this mon...
President Donald Trump attended Game 3 of the NBA Finals at Madison Square Garden in New York City, where he was loudly booed by fans before the game started. His presence caused security delays, making ticket holders wait over two hours to enter the...
