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Cerebras unveils CS4 AI accelerator claiming support for 50-trillion-parameter models as Q2 revenue hits $180.1 million
Cerebras Systems has launched its next-generation CS-4 AI accelerator, saying it can support models exceeding 50 trillion parameters and cut wafer-to-wafer latency to as little as two microseconds. The company reported second-quarter revenue of $180.1 million and a market capitalization of about $49.1 billion. CBRS began trading on May 14, 2026 after pricing its IPO at $185, and the stock closed its first session at $311.07, up 68.2% from the offering price.
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Soros Fund Management opened a 310,000-share Nebius stake in Q2 valued at about $85.6 million
Soros Fund Management opened a new position in Nebius in the second quarter, ending the period with 310,000 Class A shares valued at about $85.6 million. NBIS jumped nearly 9% on Aug. 14 after the stake became public, marking its best five-day performance. Nebius also reported Q2 revenue of $582.3 million, up 454% year over year and above analysts’ estimates, driven by demand for AI computing capacity. The company plans $20 billion to $25 billion in capital expenditures this year to expand its AI infrastructure, and NBIS was $223.90 as of Aug. 19, up 164% year to date.
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Bitcoin perpetual futures launch in the US as SEC token-funding rules remain unfinished
Bitcoin perpetual contracts have gone live in the United States, while the SEC has yet to finalize a clear regulatory framework for crypto. The SEC proposed rules on the 18th that would create a path for token-network fundraising, and the CLARITY Act remains under consideration in Congress to split crypto market oversight between the SEC and the CFTC. Bitcoin traded around $77,000 that day, up about 22% over seven days.
6h ago
6h ago
Duolingo shares rise 4.6% after 27.4% DAU growth disclosed at Aug. 18 investor meeting
Duolingo said at an Aug. 18 investor meeting that daily active users grew 27.4% year over year, helping push its shares up 4.6% that day. In fiscal 2026 Q2, adjusted EPS was $0.66, topping the $0.61 consensus estimate on cost discipline and lower costs tied to integrating generative AI. The platform reported 58.7 million daily active users and 12.7 million paid subscribers, while the stock is down 56.84% over the past year and 16.7% so far in 2026.
6h ago
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Solana cuts slot time to 350ms as $230B fixed-income platform and tokenized equities expand onchain
Solana hit several milestones this week, including its first slot-time reduction to 350ms. Shinhan Asset Management partnered with the Solana Foundation and other firms to build a KRW tokenized fund. Securitize and Neuberger Berman launched HINC on Solana, tapping Neuberger’s $230B+ asset-management platform. Solmate’s treasury reached ~1.25M SOL, while the $MRNA token posted more than $4.5M in onchain volume in its first 24 hours on Solana.
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11h ago
Red Cat targets $150–$180 million FY revenue as it shifts to a scaled autonomy platform, with results weighted to H2 2026
Red Cat Holdings is shifting from a small drone supplier to a scaled autonomy platform, after revenue rose 527% year over year to $20.2 million. Its manufacturing footprint has expanded 5x and inventory has climbed to $85 million. Management is guiding for $150–$180 million in fiscal-year revenue, though performance is expected to be heavily concentrated in the second half. Gross margin improved to 16.1%, with a year-end 2026 target of 30% tied to contract execution and volume ramp.
11h ago