Workflow
Meta in talks to acquire voice cloning startup Play AI
TechCrunch· 2025-06-27 10:38
Core Insights - Meta is looking to enhance its AI capabilities by potentially acquiring Play AI, a voice cloning startup, to integrate voice technology into its offerings [1][3] - Play AI has developed technology that allows users to clone various voices for applications like customer service, and has raised a total of $23.5 million from notable investors [2] - The acquisition would enable Meta to expand its creative suite by adding audio features, complementing its existing chatbot functionalities [3]
Got $5,000? These 3 Artificial Intelligence Stocks Are Absurdly Cheap Right Now.
The Motley Fool· 2025-06-27 10:35
If you have $5,000 to invest in the market, one way to make the most of that money is to invest in stocks that have a lot of room for long-term growth, such as those involved in artificial intelligence (AI). Another way you can expand the potential of your investment is to focus on stocks that are also trading at cheap valuations, since they may be undervalued and possess even greater potential to generate significant returns.Three stocks that check off both boxes are Taiwan Semiconductor Manufacturing (TSM ...
Cango Inc. Announces Closing of Share-Settled Crypto Mining Assets Acquisitions
Prnewswire· 2025-06-27 10:30
Core Viewpoint - Cango Inc. has successfully completed the acquisition of on-rack crypto mining machines with a total hashrate of 18 Exahash per second, issuing 146,670,925 Class A ordinary shares to the sellers as part of the Share-Settled Transactions [1][2]. Group 1: Acquisition Details - The On-Rack Sales and Purchase Agreement for the Share-Settled Transactions was signed on November 6, 2024, with several amendments made leading up to the closing on June 27, 2025 [2]. - All closing conditions for the Share-Settled Transactions were satisfied or waived, including the NYSE's authorization for the supplemental listing application regarding the Class A ordinary shares [2]. Group 2: Ownership Structure - Following the completion of the Share-Settled Transactions, Golden TechGen Limited, the largest seller, now owns approximately 19.85% of Cango's total outstanding shares, while all sellers collectively own about 41.38% of the total outstanding shares before any Bonus Shares or Adjustment Shares are issued [3]. Group 3: Operational Aspects - The acquired mining machines are currently operational and located in data centers across several countries, predominantly in the U.S. Cango will continue to host these machines and has engaged a service provider for operational and maintenance services [4]. - The completion of these transactions is expected to bolster Cango's expansion and growth within the crypto asset sector [4]. Group 4: Company Overview - Cango Inc. is primarily focused on Bitcoin mining, with operations strategically located in North America, the Middle East, South America, and East Africa. The company entered the crypto asset space in November 2024, motivated by advancements in blockchain technology and the increasing adoption of digital assets [5].
Hyperscale Data Subsidiary Bitnile.com Now Accepting All Verified Solana-Based $SOL Tokens, Including Meme Coins
Globenewswire· 2025-06-27 10:30
Core Viewpoint - Hyperscale Data, Inc. has announced that its subsidiary Bitnile.com will accept all verified Solana-based tokens as payment on its social-casino platform, enhancing user engagement and expanding its service offerings [1][2][3]. Group 1: Company Developments - Bitnile.com has begun accepting verified Solana-based tokens, including trending coins like $BONK and $TRUMP, which allows users to engage with their communities while using the platform [1][3]. - The company aims to create a highly inclusive and flexible social-casino platform, targeting a broader user base by providing diverse onboarding options [2][3]. - Hyperscale Data operates a data center through its subsidiary Sentinum, which mines digital assets and offers colocation and hosting services for AI ecosystems and other industries [4]. Group 2: Strategic Initiatives - Hyperscale Data plans to divest its subsidiary ACG by December 31, 2025, focusing solely on data center operations to support high-performance computing (HPC) services [5]. - The divestiture will involve an exchange of Series F Preferred Stock for shares of Class A and Class B Common Stock of ACG, allowing stockholders to become ACG shareholders [6]. Group 3: Industry Context - The Solana ecosystem is rapidly expanding with new projects in decentralized finance, non-fungible tokens, gaming, and more, positioning Bitnile to capture a wider audience [2]. - The integration of Solana-based tokens enables fast, low-fee transactions and real-time compatibility with trending coins, enhancing the user experience on Bitnile.com [8].
NOV Announces Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-06-27 10:30
Company Announcement - NOV Inc. will hold a conference call to discuss its second quarter 2025 results on July 29, 2025, at 10 a.m. Central Time [1] - A press release with the company's results will be issued after the market closes on July 28, 2025 [1] - The conference call will be webcast live on the company's investor relations website [1] Company Overview - NOV delivers technology-driven solutions to empower the global energy industry [2] - The company has over 150 years of experience in pioneering innovations that enable safe and abundant energy production while minimizing environmental impact [2] - NOV's expertise and technology are essential for improving oilfield operations and advancing the energy transition towards sustainability [2]
NUTEX HEALTH ANNOUNCES THAT IT HAS FILED A SUPPLEMENT TO ITS PROXY STATEMENT
Prnewswire· 2025-06-27 10:30
Company Overview - Nutex Health Inc. is a physician-led, integrated healthcare delivery system with 24 micro hospitals and hospital outpatient departments (HOPDs) across 11 states [1][4] - The company operates two divisions: a Hospital Division and a Population Health Management Division [4][5] Recent Developments - Nutex Health has filed a supplement to its proxy statement on June 27, 2025, encouraging shareholders to review the new information [1] - The company's Annual Meeting of common stockholders is scheduled for July 14, 2025, at 10:00 am Central Time [2] Shareholder Information - Stockholders can access the definitive proxy statement dated June 2, 2025, and the Form 10-K online or request a free paper or email copy [2][3] - Instructions for requesting materials include visiting a specific website, calling a designated number, or sending an email with a control number [3]
Meet the Only "Magnificent Seven" Stock That Is Cheaper Than the S&P 500 (According to This Key Metric)
The Motley Fool· 2025-06-27 10:17
The "Magnificent Seven" refers to seven of the largest tech-focused companies by market capitalization -- Nvidia, Microsoft, Apple, Amazon, Alphabet (GOOG 1.74%) (GOOGL 1.69%), Meta Platforms, and Tesla.These companies are known for outperforming the S&P 500 over the long term. In recent years, these stocks have been responsible for a significant part of broader market gains, especially in 2023. But a prolonged period of outperformance has stretched the valuations of top performers, like Microsoft, which ju ...
H World Group Limited Announces Voting Results of 2025 Annual General Meeting
Globenewswire· 2025-06-27 10:15
Company Overview - H World Group Limited is a significant player in the global hotel industry, operating 11,685 hotels with 1,142,158 hotel rooms across 19 countries as of March 31, 2025 [1] - The company’s brands include HanTing Hotel, JI Hotel, Orange Hotel, and several others, along with master franchise rights for Mercure, Ibis, and Ibis Styles in the pan-China region [1] Business Model - H World employs a mix of leased and owned, manachised, and franchised models for its operations [2] - As of March 31, 2025, 8% of hotel rooms are operated under the lease and ownership model, while 92% are under the manachise and franchise model [2] Recent Developments - The 2025 annual general meeting (AGM) was held on June 27, 2025, where several resolutions were passed, including the ratification of Deloitte Touche Tohmatsu as the auditor for 2025 [4] - The AGM also included the re-election of Ms. Jie Zheng as an executive director and authorization for directors to take necessary actions regarding the resolutions [4]
AVGO Stock To $500?
Forbes· 2025-06-27 10:05
Core Insights - Broadcom's stock has seen a remarkable 125% increase from $110 in early 2024, raising questions about its potential to reach $500+ in the coming years, primarily driven by its custom silicon division [2] - AI-related semiconductors now represent over 50% of Broadcom's sales, indicating a significant shift in revenue composition, with the serviceable addressable market estimated at $15-20 billion [2][3] - The custom chip market is projected to grow to approximately $55 billion by 2028, reflecting a tripling from current figures, driven by hyperscalers' preference for purpose-built silicon [2][3] Customer Partnerships - Broadcom is strengthening partnerships with major hyperscalers, including collaborations with OpenAI and Apple for AI chip development [4] - The company is actively creating AI chips for three large cloud clients, diversifying its revenue streams beyond existing partnerships [4] Demand and Innovation - The demand for inference chips is becoming the main growth driver as AI applications transition from development to deployment, with OpenAI's annual recurring revenue exceeding $10 billion [4] - Broadcom's recent technological advancements, such as the Tomahawk 6 networking chip, demonstrate its competitive advantage in the market [4] Financial Performance - Broadcom's revenue is expected to grow at a high teens average annual rate, surpassing $100 billion by 2029, supported by a high adjusted net income margin of 50% [3][5] - Currently trading at $265, AVGO stock is at 45 times its trailing twelve months adjusted earnings, with potential for significant price appreciation if the multiple is maintained [5] Growth Strategy - For Broadcom to achieve broader multiples, it must demonstrate sustained revenue growth in AI segments, expand market share in custom silicon, and secure new client contracts [6][7] - The company is well-positioned to capture a significant portion of the growing custom chip market while maintaining its technological leadership in AI networking [7]
Is Alphabet's Stock Absurdly Cheap?
The Motley Fool· 2025-06-27 10:05
Alphabet (GOOG 1.74%) (GOOGL 1.69%) is perhaps the least-loved "Magnificent Seven" stock of all. Many investors are fearful of its base business being disrupted by generative AI products, but that weakness hasn't surfaced yet. Additionally, Alphabet has some other business units that are cashing in on the AI arms race and boosting its overall growth.Alphabet's stock appears absurdly cheap right now, and investors willing to buck the trend can find huge value in its shares. Alphabet's base business is still ...