Solana-based PreStocks tied to Anthropic and OpenAI have plunged this week after both artificial intelligence firms warned that unauthorised share transfers conducted through tokenized structures and special-purpose vehicles may be invalid and carry no shareholder rights. According to statements published by Anthropic and OpenAI earlier this week, the companies do not recognise transfers of their
Danmarks Ishockey Union (DIU) has named Concordium as the Official AI Partner of the Danish National Ice Hockey Team. The partnership will launch during the 2026 IIHF Ice Hockey World Championship in Switzerland. The collaboration will focus on two joint initiatives built on Concordium’s AI infrastructure. The first is a Verified Fan Programme, which will
US stocks opened subdued on Wednesday after another stronger-than-expected inflation report reinforced expectations that the Federal Reserve may keep interest rates elevated throughout the year, while a rebound in semiconductor stocks helped support technology-heavy indexes. The Dow Jones Industrial Average fell 230 points, or 0.46%, while the S&P 500 slipped 0.04%. Nasdaq Composite outperformed, gaining
Shares of Alibaba Group fell more than 2.5% in premarket trading on Wednesday after the Chinese technology giant reported mixed quarterly results, with revenue growth supported by artificial intelligence demand but profitability sharply hit by aggressive investment spending. Alibaba posted a 3% rise in fiscal fourth-quarter revenue, as its cloud and AI businesses continued to
Global oil markets are reeling as the International Energy Agency (IEA) warns that world demand will contract by 420,000 barrels per day this year, while supply losses from the Gulf war and the closure of the Strait of Hormuz have already drained nearly 13 million barrels per day from output. The agency’s May Oil Market
The stock of Micron Technology has been on a stunning rally over the last year, with its share price surging by more than 720% during the period, but Bank of America says it sees more upside. BofA Securities lifted its price target on Micron (MU) stock to $950 from $500 while maintaining a Buy rating,
Figma stock price has crashed and is hovering near its all-time low as concerns about its business growth and costs jump. After peaking at $142 following its initial public offering, FIG stock has tumbled to $21, erasing billions of dollars in value. Still, there are signs that the stock is a good buy ahead of
OPEC has lowered its forecast for global oil demand growth in 2026, citing weaker consumption in advanced economies and signs of moderation in Asia, even as supply disruptions and price volatility continue to unsettle markets. In its Monthly Oil Market Report released Wednesday, the producer group said demand will rise by 1.2 million barrels per
Shares of Nvidia (NVDA) climbed on Wednesday, extending gains for a sixth straight session and hitting another record high. The stock jumped around 2% to hit a new record high of $227.16. The company’s market cap stands around $5.4 trillion. Investors grew more optimistic about the company’s prospects in China ahead of high-level US-China meetings
Netflix said on Tuesday it has invested more than $135 billion in films and television series over the past decade, highlighting the scale of its expansion as the company seeks to reinforce its dominance in the global streaming industry. The Los Gatos, California-based company said its productions contributed more than $325 billion to the global