Polymarket says annualized revenue has topped $1.8 billion
Prediction market platform Polymarket reported annualized revenue has exceeded $1.8 billion, driven by growth in its U.S. domestic exchange launched earlier this year.
Goldman CEO Solomon says AI financing remains strong despite market jitters
Goldman Sachs CEO David Solomon stated that demand for AI infrastructure financing remains robust despite recent market volatility, with his firm actively participating in capital markets deals.
Lucid misses Wall Street’s earnings expectations, expands loan from Saudi Arabia fund
Lucid Group missed third-quarter earnings expectations while announcing a $1.75 billion loan increase from Saudi Arabia’s Public Investment Fund, its largest shareholder.
SoftBank swings to $7 billion loss after U.S. data center hit and Intel share decline
SoftBank reported a fiscal second-quarter net loss of 1.12 trillion yen ($7 billion) due to U.S. AI data center equipment losses and Intel share declines, though revenue grew 13.3% in the first half.
Rivian CEO says new R2 SUV, autonomy make 2027 an ‘inflection year’ as EV maker marks five years since IPO
Rivian CEO RJ Scaringe calls 2027 an “inflection year” for the electric vehicle maker, citing the launch of its R2 SUV and autonomy technology development as growth catalysts five years after the company’s IPO.
Nissan cuts sales forecast again on China woes as CEO outlines plan to fight back
Nissan cut its annual sales forecast for the second time as Chinese competition intensifies, while CEO Ivan Espinosa outlined plans to expand exports of China-developed vehicles globally.