Can AI replace your financial adviser? Why bots still can’t match human judgment.

Utah business analytics firm Domo announces it will be acquired in a $400M deal. The company, founded in 2010, earned a valuation of $2 billion in 2017. Domo’s founder hit it big with his first company, Omniture, acquired by Adobe in 2009 for $1.8 billion. Utah business analytics firm Domo announced it has struck a…

SpaceX’s shares fell to just above $135 on Wednesday, the price that CEO Elon Musk and his company chose ahead of its blockbuster June 12 IPO that raked in nearly $86 billion. The company’s stock spent much of the day below that IPO price, at one point dipping beneath $133 per share, before it traded…

Moonshot announced a $2bn raise at a $20bn valuation in May. China is showcasing its AI prowess despite restrictive policy efforts from Washington, with Moonshot AI’s new Kimi K3 boasting a performance close to OpenAI and Anthropic’s latest models in various benchmarks. At 2.8trn parameters, Kimi K3 is the largest open-weight AI model available on…

“SaaS is dead” has become the line of the year. But the obituaries are premature. Software isn’t shrinking. It is being rebuilt to compete for a far bigger prize. You will find it on founder feeds, in investor memos, and on conference stages from Lisbon to Helsinki. And on the surface, the market seems to…

Stablecoin issuer Circle surged after the U.S. Office of the Comptroller of the Currency, or OCC, granted it approval Friday to operate as a trust bank, the company said. Shares of the company were off their earlier highs but up 5%. The approval gives the company the ability to manage reserves directly for its regulated…