Applied Digital Revenue More Than Doubles to $126.6M in Q3 as AI Demand Explodes
Applied Digital revenue more than doubled on AI demand, beat expectations, and is rapidly expanding data centers despite reported losses.
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Assertio Agrees to $125 Million All-Cash Buyout by Garda Therapeutics
Assertio is being bought by Garda for $18/share + possible bonus if Sprix hits goals; deal closes June 2026, company goes private.
Chegg Stock Jumps After Activist Investor Galloway Capital Reveals 5.44% Stake
Chegg jumps after Galloway Capital buys 5.4% stake, saying stock is undervalued and has strong growth potential.
Meta Just Launched Muse Spark – Its New AI to Take On ChatGPT
Meta launched Muse Spark, a fast new AI for its apps. It’s free for now, supports chat and shopping, but still trails top AI rivals.
Alibaba Launches Massive AI Data Center Powered by 10,000 Homegrown Chips
Alibaba partners with China Telecom to launch a powerful AI data center using 10,000 homegrown Zhenwu chips, aiming to scale up to 100,000.
Uber Ditches Oracle & Google to Use Amazon’s Custom AI Chips
Uber is increasing its use of AWS cloud services, expanding with Amazon’s Graviton processors and testing Trainium3 AI chips. A major shift from Oracle and Google Cloud.