Okta jumps 8%, tops first-quarter results on agentic AI demand
CEO Todd McKinnon said Okta is “playing a long game” on AI and is allocating more resources to agentic tools.
Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round
Anthropic is now the most valuable AI company in Silicon Valley after a new $65 billion funding round.
CFTC sues Rhode Island over actions against prediction markets
It marks the seventh state the commission has sued in a dispute over who has the right to regulate event contract platforms.
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
Ferrari CEO defends $640,000 price tag for its first fully electric car
Ferrari CEO Benedetto Vigna on Thursday said the cost of the manufacturer’s new Luce model was a fair price to pay for innovation.
CVS to restore coverage of Zepbound, add Eli Lilly’s obesity pill to drug plans
CVS will add Zepbound coverage on Oct. 1, and start covering Lilly’s newly approved Foundayo pill on June 1.
This AI stock is surging after an ex-OpenAI employee’s fund disclosed a stake. Here’s why
Dutch cloud provider Nebius rose after an ex-OpenAI employee’s fund took a sizeable stake in the firm.
European stocks slide, but defense sector rallies after Ukraine ratifies $105 billion EU loan deal
European stocks finished Thursday lower as investors assessed news related to the Iran war and developments in Ukraine.
Mistral to explore designing own chips, CEO says, as it ramps up infrastructure build
Mistral’s semiconductor ambitions underscore the French startup’s bid to control more of its infrastructure as it competes with OpenAI and Anthropic.
Gold prices pare losses after U.S. inflation data
Gold trimmed losses Thursday after the release of U.S. April inflation data, but prices were still down for a third straight session.
