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Jio Financial Services to Launch AI-Powered Personal CFO with Financial Fitness Scoring

Jio Financial Services announced an AI-powered personal CFO feature and value-back membership program for its JioFinance app, targeting cost-effective customer acquisition. The company's lending arm Jio Credit reported gross AUM of Rs 30,000 crore with 163% year-on-year growth, while Bank of America agreed to invest up to Rs 18,268 crore for a 49.9% stake.

Technology2 sources

Jio Financial Services to Launch AI-Powered Personal CFO with Financial Fitness Scoring

Technology2 sources

CrowdStrike Reports Record Quarter as AI Security Threats Drive Unprecedented Cybersecurity Demand

CrowdStrike delivered its best quarter ever with $1.47 billion in revenue and record $333 million in net new annual recurring revenue as AI-powered cyber threats expose dangerous gaps in corporate defenses. CEO George Kurtz says the Mythos moment proved AI adoption requires advanced security, driving shares up over 100% year-to-date.

Technology19 sources

CrowdStrike Reports Record Quarter as AI Security Threats Drive Unprecedented Cybersecurity Demand

Technology19 sources

Okta Soars 20% as AI Agent Security Drives Record Earnings Beat and Raises Cybersecurity Stakes

Okta surged 20% after reporting fiscal Q2 revenue of $805 million and raising full-year guidance, driven by surging demand for AI agent security tools. CEO Todd McKinnon says AI agent identity management could become cybersecurity's biggest category as businesses grapple with securing autonomous digital workers alongside human employees.

Business7 sources

Okta Soars 20% as AI Agent Security Drives Record Earnings Beat and Raises Cybersecurity Stakes

Business7 sources

Salesforce AI Strategy Pays Off as Earnings Report Crushes SaaSpocalypse Fears

Salesforce delivered a standout earnings report with revenue of $11.35 billion and raised its fiscal 2027 forecast to $46.4 billion. The company's AI strategy is gaining momentum as Agentforce surpassed $1.5 billion in annual recurring revenue, growing 240% year-over-year. CEO Marc Benioff dismissed SaaSpocalypse concerns, announcing the Claudeforce partnership with Anthropic to prove AI-powered autonomous agents strengthen rather than replace traditional CRM platforms.

Business25 sources

Salesforce AI Strategy Pays Off as Earnings Report Crushes SaaSpocalypse Fears

Business25 sources

Jack Ma Buys $76 Million in Alibaba Shares, Backing Company's Aggressive AI Push

Jack Ma purchased over $76.5 million worth of Alibaba shares following the company's $10.2 billion share placement aimed at funding AI expansion. Chairman Joe Tsai and CEO Eddie Wu also bought shares worth $25.8 million combined, signaling strong insider confidence despite concerns over AI investment returns and recent profit declines.

Business2 sources

Jack Ma Buys $76 Million in Alibaba Shares, Backing Company's Aggressive AI Push

Business2 sources

XPeng Stock Falls on Missed Q2 Results as Robotics Arm Secures $900M in Funding

XPeng reported a wider-than-expected Q2 net loss of $199.4 million, missing analyst estimates despite 8% revenue growth to RMB19.74 billion. The Chinese EV maker's stock dropped 3.5% in premarket trading. Meanwhile, its robotics subsidiary Dogotix raised over $900 million in China's largest embodied AI funding round, backed by Tencent and Alibaba, valuing the unit at $6.3 billion.

Business2 sources

XPeng Stock Falls on Missed Q2 Results as Robotics Arm Secures $900M in Funding

Business2 sources

Nvidia revenue tops $96 billion as AI chip demand accelerates and memory commitments reach $160 billion

Nvidia delivered record-breaking Q2 results with $96.2 billion in revenue, up 106% year-over-year, driven by surging AI chip demand. CEO Jensen Huang declared AI has reached its inflection point as the company committed $160 billion to memory procurement and projected 70% revenue growth for fiscal 2028, despite ongoing supply constraints from TSMC and memory chip shortages.

Business88 sources

Nvidia revenue tops $96 billion as AI chip demand accelerates and memory commitments reach $160 billion

Business88 sources

OpenAI IPO Set for 2027 as CFO Sarah Friar Reveals $40 Billion Revenue Run Rate to Employees

OpenAI CFO Sarah Friar told employees the company will become a public company in 2027, potentially sooner if business momentum continues. The AI lab now carries an $852 billion valuation with revenue doubling to $40 billion annualized, while enterprise revenue surged 50% quarter-over-quarter.

Business2 sources

OpenAI IPO Set for 2027 as CFO Sarah Friar Reveals $40 Billion Revenue Run Rate to Employees

Business2 sources

Analog Devices Posts First $4 Billion Quarter as AI Data Center Chip Demand Surges 40%

Analog Devices delivered its first-ever $4 billion quarter with Q3 2026 revenue of $4.02 billion, crushing estimates by $110 million as AI infrastructure buildout accelerates. The semiconductor company's quarterly earnings of $3.45 per share beat forecasts, while Q4 guidance signals continued momentum in AI-fueled chip demand for data centers and industrial applications.

Business4 sources

Analog Devices Posts First $4 Billion Quarter as AI Data Center Chip Demand Surges 40%

Business4 sources

Kingsoft Cloud Stock Surges 9% as AI Cloud Billings Jump 82% in Second-Quarter Earnings Beat

Kingsoft Cloud Holdings reported second-quarter earnings that exceeded analyst estimates, driven by surging demand for AI-related cloud services. The company's AI cloud business grew 82% year over year, now representing 56% of public cloud revenue. Shares jumped over 8% following the announcement as the company posted its first positive GAAP operating margin.

Business2 sources

Kingsoft Cloud Stock Surges 9% as AI Cloud Billings Jump 82% in Second-Quarter Earnings Beat

Business2 sources

Fabrinet Sees Unstoppable AI Demand as Major Hedge Funds Triple Their Stakes

Citadel Advisors increased its Fabrinet position by 2,957% while the optical manufacturing specialist reported a $1 billion data center interconnect run rate. CEO Seamus Grady declared there's "no end in sight" to customer demand as the company expands capacity from $5.8 billion to $9.8 billion by early 2027.

Business2 sources

Fabrinet Sees Unstoppable AI Demand as Major Hedge Funds Triple Their Stakes

Business2 sources

Baidu Revenue Falls 4% as AI Cloud Boom Fails to Offset Marketing Decline

Baidu reported its fifth consecutive quarterly revenue drop to RMB31.3bn ($4.62bn), down 4% year-over-year, as its traditional online marketing business declined 19% despite AI cloud infrastructure revenue surging 50%. CEO Robin Li pledged to return the Ernie model to AI's frontier amid mounting competitive pressure.

Business10 sources

Baidu Revenue Falls 4% as AI Cloud Boom Fails to Offset Marketing Decline

Business10 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.

Business24 sources

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

Business24 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.

Business3 sources

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

Business3 sources

Heartflow stock jumps 16% as AI cardiac diagnostics revenue soars 48% and guidance rises

Heartflow stock surged 16.1% in after-hours trading after the AI-powered diagnostics company posted Q2 revenue of $64.1 million, up 48% year-over-year, crushing Wall Street expectations. The medical technology company raised its full-year 2026 revenue guidance to $246-250 million, signaling strong adoption of its coronary artery disease platform.

Business6 sources

Heartflow stock jumps 16% as AI cardiac diagnostics revenue soars 48% and guidance rises

Business6 sources

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