Kuaishou Technology secured $2.79 billion in funding for its AI subsidiary, Kling AI, aiming for a $15 billion valuation. Tencent invested $200 million in the round, which included 21 other investors, diluting Kuaishou's stake to 68%. Kling AI focuses on AI-driven creator tools and has reached over 60 million creators globally since its June 2024 launch. This move highlights Kuaishou's push into AI video technology amid strong competition in China’s short-video market.
Bitdeer sold 223.1 BTC this week and reported zero Bitcoin holdings on its corporate balance sheet, maintaining a strategy of fully liquidating its mined Bitcoin rather than holding it. This approach prioritizes liquidity to support operations and gr...
Revolut will stop supporting the stablecoin USDT on August 31, 2026, due to the European Union's new Markets in Crypto-Assets (MiCA) regulations. Users can buy USDT until July 6 and deposit until July 30, with the option to sell or transfer USDT unti...
Candel Therapeutics is shifting from a risky clinical-stage biotech to a late-stage oncology company, driven by its lead asset CAN-2409 which showed positive Phase III results in localized prostate cancer. Additional promising data in non-small cell ...
The paper company reported Q1 EBITDA slightly above expectations despite weather disruptions, supported by lower industry supply, declining imports, price increases, and better utilization rates. Conservative recovery assumptions estimate an adjusted...
MediaAlpha reported Q1 revenue of $310 million and adjusted EBITDA of $31.4 million, surpassing guidance due to increased participation from insurance carriers and strong growth in property and casualty (P&C) insurance. The company now generates 93% ...
