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17 Aug 2026

Chardan Initiates Odysight.AI Coverage with Buy Rating, Sets $7.15 Price Target

Chardan has initiated coverage on Odysight.AI with a Buy rating and a $7.15 price target, representing roughly 80% upside. The firm expects the AI-driven computer vision company to expand its aerospace and defense customer base, projecting revenue growth to $50 million within five years despite current revenue challenges.

2 Sources

Helsing Partners with Rakuten to Test AI Strike Drones for Japan's Military Build-Up

Munich-based Helsing has enlisted Rakuten Group to navigate Japan's arms market, with the HX-2 strike drone now undergoing field trials with Japan's Ground Self-Defence Forces through September. The partnership marks a shift as Japan eases procurement rules and ramps up defence spending to historic levels, drawing foreign weapons-makers into a market previously closed to them.

3 Sources

Alibaba Sells Lingxi Games for $2 Billion to Fund Aggressive AI Pivot and Cloud Infrastructure

Alibaba is selling its gaming subsidiary Lingxi Games to private equity firm Trustar Capital for over $2 billion, exiting in-house game development entirely. The sale reflects Alibaba's strategic shift toward AI and cloud computing, with CEO Eddie Wu targeting $100 billion in AI revenue by 2031 as the company streamlines non-core assets.

4 Sources

Alibaba's Profit Plunges 75% as $10 Billion AI Spending Surge Powers 45% Cloud Revenue Growth

Alibaba reported a 75% drop in quarterly profit to $1.54 billion as AI infrastructure investments reached $9.98 billion. Despite the profit hit, the company's cloud revenue grew 45% year-over-year to $7.14 billion, driven by surging demand for AI products and the company's strategic shift toward self-developed chips.

24 Sources

AI Investment Focus Shifts From Spending Spree to Identifying Long-Term Winners in $1.1 Trillion Race

Big Tech's AI investment strategy is evolving as hyperscalers like Microsoft, Amazon and Google emerge as potential long-term AI winners. After pouring $1.1 trillion into AI infrastructure since 2023, investors now focus on which companies can sustain profit growth beyond current capacity constraints, shifting from concerns about AI spending to identifying sustainable returns.

3 Sources

Nestle uses AI to create products for weight-loss drugs like Ozempic and Wegovy

Nestle is deploying AI and nutritional science to develop specialized products targeting millions taking GLP-1 weight-loss drugs like Ozempic and Wegovy. The company aims to address side effects including muscle loss and post-treatment appetite changes, transforming a potential market threat into a business opportunity.

4 Sources

Stripe Acquires OpenRouter for $7.5 Billion to Dominate AI Token Economy

Stripe confirmed its $7.5 billion acquisition of OpenRouter, the AI gateway startup valued at just $1.3 billion three months ago. The deal positions the payments giant at the center of AI economics, controlling both payment flows and AI token usage across millions of developers globally.

26 Sources

15 Aug 2026

Nvidia reveals $21B SpaceX stake and $30B Intel position in strategic AI infrastructure expansion

Nvidia disclosed major equity positions worth over $50 billion in its latest SEC filing, including a $21 billion stake in SpaceX and $30 billion in Intel shares. The chipmaker's strategic investments span AI infrastructure, telecommunications, and chip development, reinforcing its dominance in the AI ecosystem.

6 Sources

Nvidia invests $1.5B in SB Energy, backs OpenAI's Ohio data center with $105B guarantee

Nvidia commits up to $105 billion to guarantee OpenAI's massive Ohio data center at PORTS-Pike Technology Campus, while investing $1.5 billion in SoftBank-linked data center developer SB Energy. The deal positions Nvidia as the exclusive chip provider for what could become one of the world's largest AI infrastructure projects.

30 Sources

Jane Street Suffers $15 Billion Loss as AI Selloff Triggers Hedge Fund Collapse

Wall Street trading firm Jane Street took a $15 billion hit in July from its exposure to AI-focused hedge fund Situational Awareness and tech sector sell-off. Despite the loss, the firm has generated over $40 billion in trading revenue year-to-date, surpassing its entire 2025 performance.

4 Sources

SpaceX Officially Acquired Cursor for $60bn, Eyes Cognition Next

SpaceX closed its $60 billion acquisition of AI coding startup Cursor, gaining the largest GPU fleet globally. Days later, the company approached Cognition about a potential deal, though CEO Scott Wu denied talks and stated his company is not for sale.

10 Sources

14 Aug 2026

Rising Token Costs Force Enterprises to Rethink AI Economics in 2026

Enterprise AI spending has hit a critical inflection point as token costs become a boardroom priority. Organizations are rethinking AI economics, with mentions of token costs in corporate documents nearly tripling since January. Companies now face tough choices about balancing cloud-based AI with local inference to control escalating expenses while maintaining performance and security.

9 Sources

Globant Stock Plunges 11% as AI Headwinds Overshadow Surging AI Pods Growth

Globant stock tumbled after reporting Q2 2026 earnings that missed expectations, with adjusted EPS of $1.40 falling short of $1.50 estimates. Despite AI Pods ARR surging 60% sequentially to $52.8 million, the company slashed full-year guidance citing AI headwinds eroding its legacy time-and-materials business, prompting Wedbush to downgrade the stock to Neutral.

3 Sources

Young Workers Land High-Paying AI Jobs as Workplace Debate Intensifies Over Junior Employee Usage

Gen Z and Millennials secure AI engineer roles paying $166,000 to $236,000 median salaries while facing 7.2% unemployment in broader markets. Workers split on whether junior employees should use AI at work, with 42% supporting restrictions amid concerns about professional development and skill-building.

8 Sources

Dynatrace Acquires Arize for $915M to Dominate AI Observability Market

Dynatrace signed a definitive agreement to acquire Arize for $915 million in a cash-and-stock deal aimed at strengthening its AI observability portfolio. The acquisition addresses the growing challenge of monitoring AI applications and autonomous agents as businesses deploy AI systems at unprecedented speed without adequate oversight tools.

2 Sources

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