Tamara Djurickovic / Tech.eu: Paymentology, which provides real-time card processing and payments technology to banks and fintechs, has raised $175…
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- Foxconn reports Q1 revenue up 29% year-over-year to ~$67 billion and net profit up 19% year-over-year to ~$1.6 billion, matching estimate as it boosts production of AI servers, its largest source of revenue (Wall Street Journal)
- Filing: Jensen Huang’s foundation purchased $108.3 million worth of AI computing time from CoreWeave and is donating it to universities and other nonprofit institutes (Max A. Cherney/Reuters)
- Sources: Apollo Global, Morgan Stanley and others are testing Grok internally as part of xAI’s financial sector push, but financiers rarely use it for their work (Carmen Arroyo/Bloomberg)
- Cisco reports third-quarter revenue up 12% year-over-year to $15.84 billion, compared to an estimated $15.56 billion, forecasts fourth-quarter revenue above estimates and cuts nearly 4,000 jobs; CSCO jumps more than 17% after hours (Jordan Novet/CNBC)
- JD Vance Compares Himself to Child Abandoned at Deranged White House Event
- Allegiant CEO defends low-cost airline plan as Sun Country deal closes
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- Musk vs. Altman: Microsoft Executive Michael Wetter Testifies Microsoft Spent More Than $100 Billion on OpenAI Partnership, Including Initial Investments (Bloomberg)
