Canopy Network, a blockchain development framework focused on AI-assisted application building, has announced an $8.5 million seed funding round to support its next stage of growth. The funding will be used to support Canopy’s planned mainnet launch, expand its engineering team, and further develop its developer tooling. The company also completed a strategic acquisition of
Micron Technology (MU) briefly moved ahead of Meta Platforms (META) and Tesla (TSLA) in market capitalization on Thursday, after a strong outlook from the memory chipmaker extended its rally driven by artificial intelligence demand. Micron’s shares had surged 18.4% at $1,236, giving the company a market value of $1.398 trillion. This compared with Meta’s $1.392
World Liberty Financial (WLFI) has continued to hold its ground despite facing heightened political scrutiny in the United States, with fresh data showing that its ecosystem is expanding at a rapid pace. Notably, the World Liberty Financial’s USD1 stablecoin has now entered the top five fiat-backed stablecoins by circulating supply, highlighting continued adoption even as
Apple shares fell nearly 5% on Wednesday after the company raised prices of several Mac and iPad models, becoming one of the latest consumer technology companies to pass on soaring memory and storage costs driven by the artificial intelligence boom. The AAPL stock was down about 4.89% at the time of writing. The price increases
London’s benchmark stock indexes fell to more than one-week lows on Tuesday, pressured by global market weakness, rising expectations of interest rate hikes, and renewed political uncertainty in Britain after Prime Minister Keir Starmer’s resignation. The blue-chip FTSE 100 dropped 0.7% by 0919 GMT to its lowest level since June 12, while the domestically focused
Wall Street’s Tuesday setup is no longer just about oil or geopolitics. Nasdaq futures were pointing to a sharp selloff before the bell as investors questioned whether the AI trade can keep absorbing higher borrowing costs and debt-funded spending. The pressure followed a global equity slide, with Europe and Asia pulled lower after Monday’s tech-led
Financial markets sent mixed signals on Tuesday as hopes of a diplomatic breakthrough between the United States and Iran eased concerns about Middle East supply disruptions, dragging oil and gold lower. Yet investors remained deeply uneasy about another issue entirely: the mounting costs of the artificial intelligence boom. While commodities linked to geopolitical risk retreated,
Rocket Lab stock price has slipped in the past few weeks as investors book profits following the spectacular rally that happened before the SpaceX IPO. RKLB dropped to the key support level of $100, even after it entered the exclusive Nasdaq 100 Index. Still, there are some reasons why it will eventually rebound. Rocket Lab
Shares of IBM climbed nearly 5% in premarket trading on Tuesday after JPMorgan upgraded the technology company, citing increasing confidence in its software business and potential benefits from growing artificial intelligence adoption. JPMorgan analyst Brian Essex upgraded IBM to Overweight from Neutral and raised his price target to $291 from $270. The analyst said expectations
Meta Platforms is facing fresh regulatory pressure in Europe as the European Union prepares to escalate its investigation into whether Facebook and Instagram use design features that are addictive to children. The developments place Meta at the centre of two major stories at once. In Europe, the company is facing closer scrutiny over the impact