latest news in companies
Cisco Surpasses Earnings Expectations Driven by High Demand for Artificial Intelligence Infrastructure
San Jose, Thursday, 13 August 2026.
Cisco Systems reported record fourth-quarter revenue of $17.3 billion, propelled by $4 billion in artificial intelligence infrastructure orders, though lagging services revenue caused a brief 2% stock dip.
AI Chipmaker Cerebras Stock Drops 14% Despite Raising Full-Year Revenue Targets
Sunnyvale, Wednesday, 12 August 2026.
AI semiconductor firm Cerebras Systems saw its stock plummet 14% in extended trading following its August 11, 2026, second-quarter earnings report. Despite generating $210 million in core revenue—beating its original estimates—and raising its full-year revenue outlook to between $880 million and $890 million, investor sentiment turned negative over deep quarterly losses. The company posted a massive $450.5 million net loss, primarily driven by a single $386.6 million stock-based compensation charge stemming from its May IPO. While chief executive Andrew Feldman emphasized surging global demand for fast inference computing and improving operational efficiencies, market participants remain focused on gross margin pressures and heavy capital costs. Cerebras maintains major strategic momentum through a multi-billion-dollar inference deal with OpenAI and an upcoming next-generation processor release planned for later this year.
CuriosityStream Reports Record Earnings as Content Licensing Drives Big Financial Turnaround
Silver Spring, Wednesday, 12 August 2026.
CuriosityStream achieved a record $8.9 million net income in Q2 2026—a 1,033% surge—driven by robust content licensing and AI training partnerships, prompting raised full-year targets.
AI Data Center Developer Krambu Secures New Funding to Expand Global Power Capacity
Salt Lake City, Wednesday, 12 August 2026.
Following a major financial restructuring, San Jose-based Krambu appoints new executive leadership to deploy 100 megawatts of high-performance artificial intelligence computing capacity across global markets.
Specialized Financial Tech Firms Earn Top Spots on National Fastest-Growing Business List
New York, Wednesday, 12 August 2026.
Specialized fintech platforms FundCanna and iTrustCapital achieved top rankings on the 2026 Inc. 5000 list after posting three-year revenue growth rates of 809% and 279.3%, respectively.
Chick-fil-A Introduces First Seasonal Breakfast Sandwich in Nationwide Fall Menu Expansion
Atlanta, Wednesday, 12 August 2026.
On August 24, 2026, Chick-fil-A launches its first seasonal breakfast entrée—a portable Chicken & Waffles sandwich—leveraging nostalgic product innovation to drive customer spending and boost store traffic.
Investment Firm Raises Two Billion Dollars to Modernize Everyday Businesses With Artificial Intelligence
New York, Wednesday, 12 August 2026.
Thrive Holdings secured $2 billion at a $12 billion valuation to modernize traditional service businesses with artificial intelligence, signaling a strategic shift toward practical enterprise AI adoption.
