SOLV Energy forecasts $3.87B-$3.97B 2026 revenue post-acquisition
SOLV Energy issued guidance of $3.87B-$3.97B for 2026 revenue following completion of its Roberson Waite Electric acquisition. The deal expands the company's utility infrastructure footprint. The midpoint represents $3.92B in projected annual revenue. Roberson Waite Electric now operates as part of SOLV's utility services division.
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SOLV Energy issued guidance of $3.87B-$3.97B for 2026 revenue following completion of its Roberson Waite Electric acquisition. The deal expands the company's utility infrastructure footprint. The midpoint represents $3.92B in projected annual revenue. Roberson Waite Electric now operates as part of SOLV's utility services division.
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Goldman pays $2.25B for Neos, escalating active-ETF battle
Goldman Sachs is acquiring Neos Investments for up to $2.25 billion. The deal reflects Wall Street's willingness to pay premium prices for specialist ETF firms gaining traction beyond the industry's dominant low-cost players.
Neos has built a focused business in active ETFs, a segment where smaller, specialized managers are capturing investor flows. The acquisition signals Goldman's intent to compete more directly in active strategies rather than solely competing on cost in passive index funds.
The deal price underscores how valuable niche ETF expertise has become as the industry consolidates and asset managers seek differentiation.
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Goldman Sachs is acquiring Neos Investments for up to $2.25 billion. The deal reflects Wall Street's willingness to pay premium prices for specialist ETF firms gaining traction beyond the industry's dominant low-cost players.
Neos has built a focused business in active ETFs, a segment where smaller, specialized managers are capturing investor flows. The acquisition signals Goldman's intent to compete more directly in active strategies rather than solely competing on cost in passive index funds.
The deal price underscores how valuable niche ETF expertise has become as the industry consolidates and asset managers seek differentiation.
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Trezor shipping partner ShipMonk breached, 13,689 customers affected
ShipMonk, the logistics provider handling Trezor hardware wallet shipments, suffered a data breach exposing customer information for 13,689 users. Trezor confirmed the devices themselves remain secure and uncompromised by the incident.
The breach occurred at the third-party shipping partner, not Trezor's core infrastructure. Customer data was accessed; the actual hardware wallets retained their security integrity. Trezor is notifying affected users and investigating the scope of exposed personal information.
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ShipMonk, the logistics provider handling Trezor hardware wallet shipments, suffered a data breach exposing customer information for 13,689 users. Trezor confirmed the devices themselves remain secure and uncompromised by the incident.
The breach occurred at the third-party shipping partner, not Trezor's core infrastructure. Customer data was accessed; the actual hardware wallets retained their security integrity. Trezor is notifying affected users and investigating the scope of exposed personal information.
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Ford's $2B Louisville factory ready for Fathom EV prototypes
Ford has completed its $2 billion factory overhaul in Louisville, Kentucky. Prototype builds of the Fathom electric vehicle are scheduled to start in Q1 2027.
The Fathom is Ford's new electric truck platform. The Louisville facility underwent full retooling to support EV production. Prototype phase precedes full manufacturing ramp-up.
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Ford has completed its $2 billion factory overhaul in Louisville, Kentucky. Prototype builds of the Fathom electric vehicle are scheduled to start in Q1 2027.
The Fathom is Ford's new electric truck platform. The Louisville facility underwent full retooling to support EV production. Prototype phase precedes full manufacturing ramp-up.
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OpenAI names Wiz COO Dali Rajic as new Chief Revenue Officer
Dali Rajic, previously Chief Operating Officer at cloud security firm Wiz, joins OpenAI's leadership team. The appointment comes as the AI company undergoes significant structural reorganization following recent executive transitions.
Rajic's background includes operations management at a company valued at $12 billion. His role will focus on revenue strategy as OpenAI expands commercial partnerships and enterprise offerings. The move reflects OpenAI's emphasis on scaling business operations alongside product development.
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Dali Rajic, previously Chief Operating Officer at cloud security firm Wiz, joins OpenAI's leadership team. The appointment comes as the AI company undergoes significant structural reorganization following recent executive transitions.
Rajic's background includes operations management at a company valued at $12 billion. His role will focus on revenue strategy as OpenAI expands commercial partnerships and enterprise offerings. The move reflects OpenAI's emphasis on scaling business operations alongside product development.
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Anthropic investors seek $2 trillion IPO valuation
Financial Times reports backers are targeting a $2 trillion price tag for a potential public offering of the AI safety company. That would value Anthropic roughly 10 times higher than its last private funding round at $200 billion in 2024. The company has raised over $7 billion to date from investors including Google, Salesforce, and Amazon. No IPO timeline has been announced.
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Financial Times reports backers are targeting a $2 trillion price tag for a potential public offering of the AI safety company. That would value Anthropic roughly 10 times higher than its last private funding round at $200 billion in 2024. The company has raised over $7 billion to date from investors including Google, Salesforce, and Amazon. No IPO timeline has been announced.
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Applied Industrial raises full 5-year sales and margin targets
Applied Industrial Products lifted its 5-year sales target to $7 billion and EBITDA margin guidance to 14%. The company guided fiscal 2027 EPS between $11.65 and $12.15. The updated targets reflect management confidence in sustained growth across its industrial distribution and fluid power segments.
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Applied Industrial Products lifted its 5-year sales target to $7 billion and EBITDA margin guidance to 14%. The company guided fiscal 2027 EPS between $11.65 and $12.15. The updated targets reflect management confidence in sustained growth across its industrial distribution and fluid power segments.
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Cerebras runs OpenAI's new ultrafast GPT-5.6 Sol tier
OpenAI launched a limited preview "Ultrafast" tier for GPT-5.6 Sol powered by Cerebras chips. The setup reaches 750 tokens per second - 14 times faster than standard processing.
Cerebras' wafer-scale architecture with 44GB on-chip SRAM enables the performance jump. On GDP-Val benchmarks, OpenAI reports a 5.6x end-to-end speedup with no quality degradation noted.
API customers in the limited preview can access the tier now.
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OpenAI launched a limited preview "Ultrafast" tier for GPT-5.6 Sol powered by Cerebras chips. The setup reaches 750 tokens per second - 14 times faster than standard processing.
Cerebras' wafer-scale architecture with 44GB on-chip SRAM enables the performance jump. On GDP-Val benchmarks, OpenAI reports a 5.6x end-to-end speedup with no quality degradation noted.
API customers in the limited preview can access the tier now.
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OpenAI's chief revenue officer exits amid week of departures
OpenAI loses its CRO this week, marking the second senior executive departure in five days. No replacement named yet. The departures follow months of internal tension around the company's direction and governance structure. CNBC reported the move.
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OpenAI loses its CRO this week, marking the second senior executive departure in five days. No replacement named yet. The departures follow months of internal tension around the company's direction and governance structure. CNBC reported the move.
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Tether passes first Big Four audit on $180B USDT reserves
KPMG issued an unqualified opinion on Tether's reserves backing the USDT stablecoin. The audit covers the $180 billion in circulation, marking the completion of a long-standing commitment from the stablecoin issuer.
The unqualified opinion means KPMG found no material issues with Tether's reserve composition and adequacy to cover outstanding USDT tokens.
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KPMG issued an unqualified opinion on Tether's reserves backing the USDT stablecoin. The audit covers the $180 billion in circulation, marking the completion of a long-standing commitment from the stablecoin issuer.
The unqualified opinion means KPMG found no material issues with Tether's reserve composition and adequacy to cover outstanding USDT tokens.
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Bit Digital posts earnings miss as cloud division accelerates
Bit Digital reported a loss of $0.06 per share in Q2 against total revenue of $32.1 million. The company beat analyst revenue expectations, driven by cloud services which grew 42% sequentially quarter-over-quarter. The earnings shortfall came despite the strong top-line performance, reflecting margin pressure across operations. Cloud revenue now represents a growing portion of the company's overall business mix.
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Bit Digital reported a loss of $0.06 per share in Q2 against total revenue of $32.1 million. The company beat analyst revenue expectations, driven by cloud services which grew 42% sequentially quarter-over-quarter. The earnings shortfall came despite the strong top-line performance, reflecting margin pressure across operations. Cloud revenue now represents a growing portion of the company's overall business mix.
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Silver Lake eyes Workday in potential take-private deal
Workday stock jumped 25% on reports of acquisition talks with the private equity firm. Trading was halted during the surge. The enterprise software company has faced pressure this year as investors worried about AI disruption to its business model.
Silver Lake Partners would be acquiring a business serving 12,000+ organizations globally with human capital management and financial planning software. The deal would take Workday private if completed. No timeline or valuation terms have been announced.
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Workday stock jumped 25% on reports of acquisition talks with the private equity firm. Trading was halted during the surge. The enterprise software company has faced pressure this year as investors worried about AI disruption to its business model.
Silver Lake Partners would be acquiring a business serving 12,000+ organizations globally with human capital management and financial planning software. The deal would take Workday private if completed. No timeline or valuation terms have been announced.
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Silver Lake eyes Workday in potential $43B software deal
Silver Lake Partners is in acquisition discussions with Workday, the enterprise cloud software provider. The deal would value Workday at approximately $43 billion, making it among the largest software buyouts on record.
Workday provides human capital management and financial planning applications to mid-market and large enterprises globally. The company trades publicly and reported $6.3 billion in annual revenue as of its most recent fiscal year.
Silver Lake, the technology-focused investment firm, would be acquiring both the software platform and its existing customer base of thousands of organizations across multiple industries.
Negotiations remain ongoing. Deal completion would require regulatory approval and Workday shareholder consent.
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Silver Lake Partners is in acquisition discussions with Workday, the enterprise cloud software provider. The deal would value Workday at approximately $43 billion, making it among the largest software buyouts on record.
Workday provides human capital management and financial planning applications to mid-market and large enterprises globally. The company trades publicly and reported $6.3 billion in annual revenue as of its most recent fiscal year.
Silver Lake, the technology-focused investment firm, would be acquiring both the software platform and its existing customer base of thousands of organizations across multiple industries.
Negotiations remain ongoing. Deal completion would require regulatory approval and Workday shareholder consent.
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