Tesla $1.4B Profit, Salesforce AI Automation, Streetbeat $15M

The financial and tech sectors are seeing significant activity driven by artificial intelligence. Streetbeat has secured $15 million in Series A funding to expand its AI-powered trading platform, StreetbeatPRO, to over 15 countries, aiming to help financial professionals automate investing and risk management. Meanwhile, Tesla is navigating a complex financial quarter, reporting a 37% drop in profit to $1.4 billion on $28.1 billion in sales, even as vehicle deliveries hit a record. CEO Elon Musk is increasingly focusing on AI, robotaxis, and the potential of Optimus robots, which he believes could become Tesla's biggest product, with significant sales anticipated by 2026. In the realm of AI security, Keycard has raised $38 million to manage AI agent access to internal systems, offering per-task controls. UnifyApps, an AI startup connecting corporate systems like Salesforce to automate tasks, has raised $50 million and appointed Sprinklr's founder as co-CEO. Elevance Health is boosting its use of AI and digital tools to improve efficiency and member experience, having already reduced claim denials by 68%. Norway's sovereign wealth fund is also leveraging AI to track climate risks in its investments. On the AI infrastructure front, Galaxy Digital reported a massive 1,546% profit increase to $505 million, driven by its AI compute facility, Helios. Bricklayer AI has raised $5 million for its AI-driven cybersecurity platform, enabling specialized AI agents for threat investigation. Oscar Health's stock saw a rise following the introduction of new AI tools and a menopause health plan, aiming to enhance profitability and reduce costs.

Key Takeaways

• Streetbeat raised $15 million in Series A funding to expand its AI trading platform globally.
• Tesla reported a $1.4 billion profit on $28.1 billion in sales for the third quarter, with CEO Elon Musk emphasizing AI and robotaxi development.
• Keycard secured $38 million to develop its platform for managing AI agent access to internal systems.
• UnifyApps raised $50 million and appointed Ragy Thomas, founder of Sprinklr, as co-CEO to expand its AI automation solutions.
• Elevance Health is increasing its investment in AI, which has already reduced claim denials by 68%.
• Norway's sovereign wealth fund is using AI to identify and manage climate-related investment risks.
• Galaxy Digital's profit surged 1,546% to $505 million, boosted by its AI infrastructure business, Helios.
• Bricklayer AI received $5 million in seed funding for its AI-powered cybersecurity platform.
• Oscar Health's stock rose after launching new AI tools and a menopause health plan.
• Tesla anticipates significant sales for its Optimus robots starting in 2026.

Streetbeat secures $15M to expand AI trading for wealth managers

Streetbeat has raised $15 million in a Series A funding round led by CDP Venture Capital. This funding will help the company expand its AI-powered trading platform, StreetbeatPRO, to more financial professionals in over 15 countries. The platform uses AI agents to automate investing, risk management, and portfolio analysis, helping advisors increase their client capacity and assets under management by up to 15% annually. Streetbeat's AI advisor for retail investors, which shows an average annual return of +8% compared to manual trading, is set to launch in Europe in 2026.

Streetbeat secures $15M to expand AI trading for wealth managers

Streetbeat has raised $15 million in a Series A funding round led by CDP Venture Capital. This funding will help the company expand its AI-powered trading platform, StreetbeatPRO, to more financial professionals in over 15 countries. The platform uses AI agents to automate investing, risk management, and portfolio analysis, helping advisors increase their client capacity and assets under management by up to 15% annually. Streetbeat's AI advisor for retail investors, which shows an average annual return of +8% compared to manual trading, is set to launch in Europe in 2026.

Streetbeat secures $15M to expand AI trading for wealth managers

Streetbeat has raised $15 million in a Series A funding round led by CDP Venture Capital. This funding will help the company expand its AI-powered trading platform, StreetbeatPRO, to more financial professionals in over 15 countries. The platform uses AI agents to automate investing, risk management, and portfolio analysis, helping advisors increase their client capacity and assets under management by up to 15% annually. Streetbeat's AI advisor for retail investors, which shows an average annual return of +8% compared to manual trading, is set to launch in Europe in 2026.

Tesla earnings focus on AI, robotaxis, and profit margins

Tesla is set to report its third-quarter earnings, with investors closely watching CEO Elon Musk's commentary on artificial intelligence and robotaxi expansion. The company delivered a record 497,099 vehicles in the quarter, exceeding analyst projections. Key areas of focus include automotive gross profit margins, demand for lower-priced Model Y and 3 vehicles, and updates on the self-driving taxi service launched in Austin, Texas. Investors are also interested in any news regarding Tesla's humanoid robots, with significant sales expected in 2026.

Tesla profit dips despite sales rise; Musk eyes robotaxi growth

Tesla reported a 37% drop in third-quarter profit to $1.4 billion, or 39 cents per share, even as sales increased to $28.1 billion. This marks the fourth consecutive quarter of declining profit. CEO Elon Musk is shifting focus to other ventures like robotaxis, AI products, and Optimus robots, predicting the latter could become the company's biggest product. Musk expressed confidence in expanding the robotaxi service to 10 more cities by year-end, removing safety monitors in Austin, Texas. While EV sales saw a boost from a federal tax credit expiring Oct. 1, concerns remain about future EV demand.

Elevance Health expands behavioral health, boosts AI use

Elevance Health plans to grow its behavioral health services to better manage medical costs, which are currently high. The company's subsidiary, Carelon, is driving this expansion. Elevance is also increasing its investment in artificial intelligence and digital tools to improve efficiency and member experience. While facing challenges in its Medicaid business for 2026, the company expects a return to balanced earnings growth in 2027. Executives highlighted that AI has already reduced claim denials by 68% and eased administrative burdens for providers.

Norway's wealth fund uses AI to track climate risks

Norway's sovereign wealth fund is using artificial intelligence to better identify and manage climate-related risks in its investments. CEO Nicolai Tangen stated that AI helps turn large amounts of data into actionable insights, identifying companies that are effectively reducing their carbon footprint. The fund plans to increase investments in renewable energy infrastructure and will examine how physical climate risks might affect its fixed income and real estate portfolios. While environmental groups welcome the plan, they emphasize the need for strong implementation and enforcement of the fund's climate goals.

AI security startup Keycard raises $38 million

Keycard, a startup focused on managing AI agent access to internal systems, has raised $38 million in seed and Series A funding rounds. The company's platform provides per-task access controls for AI agents, limiting their actions to specific functions rather than granting broad system access. Keycard also offers features for revoking permissions, logging agent activity, and securing cryptographic keys. The new funding will be used to enhance the platform's features and expand the engineering team, aiming to secure the growing 'agent economy'.

AI startup UnifyApps raises $50M, names Sprinklr founder co-CEO

UnifyApps, an AI startup that connects corporate systems to automate tasks, has raised $50 million in a Series B funding round led by WestBridge Capital. The company, valued at around $250 million, has named Ragy Thomas, founder of Sprinklr, as its new chairman and co-CEO. UnifyApps uses AI to automate routine tasks like claims processing by connecting systems such as Salesforce and Workday to large language models. The funds will support team expansion, international growth, and platform development, addressing the high failure rates businesses experience with AI adoption.

Oscar Health stock rises on new menopause plan and AI tools

Oscar Health's stock increased by 7.88% following the launch of a new menopause health plan and AI tools designed to improve member care. The health insurer was also selected by the Centers for Medicare & Medicaid Services to participate in a new Medicare Advantage model starting in 2025. These developments aim to enhance profitability and reduce costs by leveraging technology and data analytics. The new menopause plan offers personalized support, while the AI tools assist doctors in identifying and treating related symptoms more effectively.

Galaxy Digital profit surges 1,546% on AI and trading gains

Galaxy Digital reported a record quarter with a 1,546% profit increase, reaching $505 million. This surge was driven by high trading volumes, treasury inflows, and its artificial intelligence infrastructure business, Helios. The company's Helios campus in Texas is being converted into an AI compute facility, with significant financing secured. CEO Mike Novogratz highlighted the convergence of crypto finance and AI infrastructure as key to the company's future. Galaxy's digital assets division also saw strong performance, with adjusted gross profit rising significantly.

Bricklayer AI raises $5M for AI-driven cybersecurity

Bricklayer AI has secured $5 million in seed funding, led by Tech Square Ventures, to advance its AI agent platform for cybersecurity operations. The company's technology enables security teams to build and manage specialized AI agents for tasks like threat investigation and vulnerability management. This funding will accelerate product development and market expansion, addressing the growing need for automated security solutions due to increasing threats and staffing shortages. Bricklayer AI's platform is already used by Fortune 500 companies and managed security providers, showing significant growth.

Sources

• Streetbeat Raises $15 Million to Scale AI-Powered Trading for Wealth Managers, Increasing Client Capacity and AUM Potential
• Streetbeat Raises $15 Million to Scale AI-Powered Trading for Wealth Managers, Increasing Client Capacity and AUM Potential
• Streetbeat Raises $15 Million to Scale AI-Powered Trading for Wealth Managers, Increasing Client Capacity and AUM Potential
• Tesla Earnings Results: Profit Margins, EV Sales, AI Ambitions, and What Else to Watch; Elon Musk to Speak on Call Today
• Tesla's profit fell in third quarter even as sales rose. Musk sees robotaxi expansion by year end
• Elevance Health to Expand Behavioral Health Lines, Deepen AI Investments
• Norway’s Wealth Fund Unleashes AI to Root Out Climate Risk
• AI agent security startup Keycard reels in $38M
• AI startup UnifyApps raises $50 million, taps Sprinklr founder as co-CEO
• Oscar Health (OSCR) Jumps 7.8% on New Menopause Plan, AI Tools
• Galaxy Digital Profit Soars 1,546% As AI, Trading Units Surge
• Bricklayer AI Raises $5 Million Seed Round Led by Tech Square Ventures to Transform Security Operations with Agentic AI