Nebius Group revenue jumps 684% to $399 million

Key Takeaways

Former FTX Executive Unveils No-Loss AI Trading Platform

Patrick Gruhn, former FTX Europe executive, has launched a new AI trading platform called UpsideOnly, which allows users to make predictions on global markets without risking their own capital. The platform uses BayesShield AI, trained on over 22 billion executed retail trades, to evaluate user-generated signals and execute trades using the company's balance sheet. Users can earn profits without bearing financial consequences if trades lose or are never placed.

Ex-FTX Executive Rolls Out AI Trading Platform With No-Loss Model

Perpetuals.com, led by former FTX Europe executive Patrick Gruhn, has launched an AI-powered trading platform called UpsideOnly. The platform allows users to submit trading strategies without risking their own money. The company's proprietary AI model, BayesShield AI, has been trained on 22 billion trades and is designed to rank trading strategies rather than predict markets directly.

Nebius Group Stock Surges Over 400% in 1 Year: Is it a Buy?

Nebius Group, an Amsterdam-based AI cloud company, has seen its stock price surge over 400% in the past year. The company has reported impressive growth, with first-quarter revenue jumping 684% year over year to $399 million. Nebius has also signed multibillion-dollar capacity deals with Meta Platforms and Microsoft.

Jury Rules Against Musk in Landmark AI Trial

A jury has ruled in favor of OpenAI CEO Sam Altman in a trial brought by Elon Musk. The trial was related to Musk's claims against OpenAI.

Anthropic Hires OpenAI Co-Founder Andrej Karpathy

Anthropic has hired Andrej Karpathy, a renowned AI researcher, who previously co-founded OpenAI and worked at Tesla. Karpathy will lead Anthropic's pretraining team, focusing on developing Claude models.

US AI Outlay to Yield Returns Despite Open-Source Rivals

Goldman Sachs' Eric Sheridan believes that US tech giants' investments in AI infrastructure will drive growth and provide returns, despite competition from open-source Chinese AI models.

StitcherAI Launches IT Investment ROI Platform

StitcherAI has launched a platform that helps businesses evaluate the return on investment (ROI) of their AI investments. The platform provides real-time financial context for technology investments.

AI Stock Could Turn $10,000 into Retirement-Changing Sum

Silicon Motion Technology Corp. has seen its stock price almost triple this year. The company's strong fundamentals and growing demand for its products make it an attractive option for investors.

Databricks Automates Data Monitoring

Databricks has launched a new feature called SQL Alerts, which automates data monitoring and provides real-time notifications for data teams. The feature helps detect business metric drift, ensures data pipeline trustworthiness, and identifies custom data quality issues.

AI Still Minor Topic This Proxy Season

Asset owners are confronting AI-related shareholder proposals this proxy season, but most investors are still early in assessing the technology's risks.

Check Point Acquires Israeli AI Startup Deepchecks

Check Point has acquired the team and technology of Israeli AI startup Deepchecks to advance its AI security platform. The acquisition aims to enhance Check Point's autonomous AI agents for managing enterprise network security operations.

Circle Launches Agent Stack for AI Payments

Circle has launched the Circle Agent Stack, a suite of products enabling autonomous AI agents to hold funds, discover services, and transact using USDC.

Sources

• Ex-FTX Executive Rolls Out AI Trading Platform With ‘No-Loss’ Model
• Former FTX Executive Patrick Gruhn Says AI Can Make Traders Money Without Risk
• Up More Than 400% in 1 Year, Is This Nvidia-Backed, Red-Hot AI Stock a Buy?
• Jury rules against Musk in landmark AI trial
• Anthropic hires OpenAI co-founder Andrej Karpathy, former Tesla AI leader
• Exclusive | US AI outlay to yield returns despite open-source Chinese rivals: Goldman Sachs
• StitcherAI Launches IT Investment ROI Platform to Answer the Question Every Board Is Asking: Are My AI Investments Paying Off?
• The AI Stock That Could Turn a $10,000 Investment Into a Retirement-Changing Sum by 2030
• Databricks Automates Data Monitoring
• AI is still a minor topic this proxy season. Here’s how some asset owners approach it — and what they need.
• Check Point acquires Israeli AI startup Deepchecks’ team and technology to advance AI security platform
• Circle Launches Agent Stack To Enable AI Payments