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Key Facts

Key PlayersBloomberg, JPMorgan, Citadel

AI AdoptionAdvanced

Use CasesFraud Detection, Algorithmic Trading, Risk Assessment

Top News

Yield Guild Games shuts down YGG Play, lays off 35 employees in pivot to AI data economy

Yield Guild Games is closing its crypto game publishing arm YGG Play and cutting 35 jobs as it shifts focus to the AI data economy. The blockchain gaming company cited the prolonged crypto market downturn and video game industry struggles as key factors. YGG now plans to supply behavioral datasets derived from gaming for AI training, leveraging its $20.6 million treasury to extend operations for four years.

Business2 sources

Yield Guild Games shuts down YGG Play, lays off 35 employees in pivot to AI data economy

Business2 sources

Hexaware and SmartRent partner on AI transformation to overhaul customer and revenue operations

Hexaware Technologies has entered a multi-year strategic partnership with SmartRent to drive AI transformation across three key business areas: customer experience, revenue operations, and lead-to-order processes. The collaboration will deploy Voice AI agents, an intelligent bill-to-cash platform, and Salesforce Revenue Cloud to enhance operational efficiency and competitive positioning.

Business2 sources

Hexaware and SmartRent partner on AI transformation to overhaul customer and revenue operations

Business2 sources

Intel-Backed Syntiant Files IPO to Bring On-Device AI Chips to Public Markets

Syntiant Corp., a maker of ultra-low-power chips for on-device AI, filed for an initial public offering on Nasdaq under ticker SYTN. Founded in 2017, the company has deployed over 100 million AI processors across earbuds, wearables, and automotive applications. Backed by Intel, Microsoft, and Knowles Corp., Syntiant posted $64.5 million in revenue for Q1 fiscal 2026.

Startups3 sources

Intel-Backed Syntiant Files IPO to Bring On-Device AI Chips to Public Markets

Startups3 sources

Robinhood expands AI agents to crypto trading as CEO predicts they'll soon rival human traders

Robinhood is rolling out AI agents for crypto trading after launching the feature for equities in May, with over 70,000 agentic accounts already created. CEO Vlad Tenev predicts AI agents will soon match human trader capabilities, aiming to democratize access to sophisticated trading tools previously reserved for Wall Street institutions.

Technology3 sources

Robinhood expands AI agents to crypto trading as CEO predicts they'll soon rival human traders

Technology3 sources

TeraWulf signs $19 billion AI data center lease with Anthropic in major Bitcoin mining pivot

Bitcoin miner TeraWulf has secured a 20-year lease agreement with Anthropic worth $19 billion in contracted revenue, marking one of the industry's largest pivots from cryptocurrency mining to AI infrastructure. The deal covers a purpose-built AI data center campus in Kentucky, while TeraWulf sells its Texas joint venture stake to finance the transition.

Business8 sources

TeraWulf signs $19 billion AI data center lease with Anthropic in major Bitcoin mining pivot

Business8 sources

ASML stock surges 123% as Bernstein raises price target to $2,623 on AI-driven semiconductor demand

Bernstein raises its ASML stock price target to $2,623, implying 48% upside, as AI demand drives unprecedented expansion in advanced logic and DRAM capacity. The firm forecasts EUV revenue will grow at 30% annually, reaching €42.7 billion by 2030, more than 30% above street estimates, positioning the semiconductor stock for continued gains.

Business2 sources

ASML stock surges 123% as Bernstein raises price target to $2,623 on AI-driven semiconductor demand

Business2 sources

Indian IT Firms Brace for Muted Q1 as AI Shift and Weak Demand Dampen Growth Expectations

India's $315 billion IT sector faces another subdued quarter as AI-driven pricing pressure and weak client spending weigh on growth. TCS kicks off earnings with a $2.6 billion AI deal pipeline, but the industry confronts margin contraction and project deferrals. The Nifty IT index has slumped 28% in 2026, wiping out over Rs 17 lakh crore in market value as investors question whether AI will support revenue or merely reduce costs for clients.

Business6 sources

Indian IT Firms Brace for Muted Q1 as AI Shift and Weak Demand Dampen Growth Expectations

Business6 sources

SK Hynix raises $26.5B in largest foreign US IPO as AI boom fuels memory chip demand

South Korean memory chip giant SK Hynix raised $26.5 billion in its US market debut, marking the largest foreign IPO in US history and surpassing Alibaba's 2014 record. The company sold 177.9 million American depositary shares at $149 each on Nasdaq, with demand seven times oversubscribed. Proceeds will fund new fabs in South Korea and EUV scanners to address the AI-driven memory shortage.

Business33 sources

SK Hynix raises $26.5B in largest foreign US IPO as AI boom fuels memory chip demand

Business33 sources

Starling Bank cuts 130 jobs as AI adoption accelerates across neobank operations

London-based Starling Bank is eliminating 130 positions, representing 3% of its workforce, as it restructures operations and increases AI investment. The neobank reported declining profits for a second consecutive year, with pre-tax earnings dropping to £217 million, while its technology licensing arm Engine grew revenue by 25% and continues expanding internationally.

Business3 sources

Starling Bank cuts 130 jobs as AI adoption accelerates across neobank operations

Business3 sources

Dow Jones hits record as AI shares show volatile recovery across global stock markets

Global stock markets experienced a mixed session as the Dow Jones Industrial Average reached a new record high of 52,900.07, while AI shares demonstrated sharp volatility. South Korea's Kospi rebounded 5.8% after an 8% plunge, with Samsung Electronics and SK Hynix leading gains. However, concerns persist about whether AI spending on chips and data centers will deliver expected returns.

Business2 sources

Dow Jones hits record as AI shares show volatile recovery across global stock markets

Business2 sources

Sumitomo Chemical Stock Surges on Glass Core Substrates Deal for AI Chip Packaging

Sumitomo Chemical shares jumped up to 11% following a major joint venture between its Korean subsidiary Dongwoo Fine-Chem and Samsung Electro-Mechanics. The partnership will produce glass core substrates for next-generation AI chip packaging, with production targeted for 2027. Mizuho Securities upgraded the stock from Neutral to Buy, citing undervaluation and semiconductor materials growth potential.

Business2 sources

Sumitomo Chemical Stock Surges on Glass Core Substrates Deal for AI Chip Packaging

Business2 sources

FactSet Research Systems sees AI adoption accelerate subscription value growth to 7.1%

FactSet Research Systems reported strong third-quarter results with organic annual subscription value growing 7.1% year-over-year, driven by accelerating AI adoption. Analysts raised price targets as discrete AI products contributed 10% of ASV growth, with 90% of top clients using multiple AI tools and over 550 Model Context Protocol clients now under contract.

Business2 sources

FactSet Research Systems sees AI adoption accelerate subscription value growth to 7.1%

Business2 sources

Memory chip stocks surge triple digits on AI boom, but analysts warn volatility ahead

Memory chip stocks delivered exceptional gains in 2026, with Micron climbing over 300% as AI infrastructure investments drove unprecedented demand for high-bandwidth memory. But respected research firm Morningstar now warns investors to prepare for sharp corrections of 20-30% as supply begins catching up with demand. The warning highlights a critical inflection point in the AI hardware supply chain.

Business6 sources

Memory chip stocks surge triple digits on AI boom, but analysts warn volatility ahead

Business6 sources

Melinda French Gates Backs $46.6M Fund II Targeting AI-Driven Care Economy Solutions

Magnify Ventures closed a $46.6 million second fund with backing from Melinda French Gates' Pivotal Ventures to invest in AI companies transforming family care, health, and wealth management. The early-stage venture firm targets the $648 billion care economy market, which has seen venture interest accelerate 45% over four years with $26 billion invested across 700 companies since 2015.

Startups2 sources

Melinda French Gates Backs $46.6M Fund II Targeting AI-Driven Care Economy Solutions

Startups2 sources

Robinhood launches blockchain with AI trading agents and tokenized stocks across 120 countries

Robinhood unveiled its Ethereum layer-2 network, Robinhood Chain, introducing AI-powered trading tools and tokenized US stocks available in over 120 countries. The Arbitrum-powered blockchain bridges traditional finance with DeFi, while CEO Vlad Tenev announced perpetual futures trading in Europe and plans to expand crypto services to the UK, Canada, and Singapore.

Technology3 sources

Robinhood launches blockchain with AI trading agents and tokenized stocks across 120 countries

Technology3 sources

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