Market News

SoundHound AI Officially Completes $43M LivePerson Acquisition

SoundHound AI has completed its $43 million acquisition of LivePerson, retiring the company's debt through 36.9 million newly issued shares and naming former LivePerson executive John Collins as CFO of t

Tesla's Wheel-Free Cybercabs Hit Austin Streets, Draw Federal Safety Probe

Just hours after Tesla began charging for rides in its wheel-free, pedal-free Cybercab in Austin, federal regulators opened an audit into how the company certified the vehicle as road-legal, raising fres

Snowflake Stock Surges Nearly 25% as AI Demand Drives Strong Growth

Snowflake reported stronger-than-expected results, with the company raising its fiscal 2027 product-revenue forecast. CEO Sridhar Ramaswamy credited AI with roughly half of the company's recent growth ac

Food Industry Accelerates AI Adoption but New Survey Reveals Large Implementation Gap

A new wave of industry surveys reveals that food and beverage manufacturers are rapidly increasing AI investment, particularly in bioprocess development. Yet a stark expectation-reality gap persists, wit

Bank of Japan Warns AI Boom Could Keep Inflation Elevated

The Bank of Japan has warned that surging global AI demand could exert lasting upward pressure on the nation's inflation, potentially outweighing productivity gains in the short term. The central bank's

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