SoftBank's $45bn OpenAI windfall vindicates Masayoshi Son's AI pivot. But the red flags are obvious
The Tokyo conglomerate's net profit quadrupled on the back of unrealised valuation gains, while the rest of the Vision Fund portfolio lost money, creating a concentration risk that S&P has already flagged with a negative outlook revision
Business
Tower Semiconductor up 17% after beat-and-raise quarter
The Israel-based foundry is benefiting from surging demand for radio frequency and power management chips used in AI data centre networking
Fintech
Kraken's parent company and Franklin Templeton just made the strongest case yet that tokenised finance is moving from crypto experiment to institutional infrastructure
The partnership between a $1.7 trillion asset manager and the company behind one of the world's largest crypto exchanges aims to put professionally managed funds on blockchain rails, a step that would have been unthinkable three years ago
Entertainment
Bluey joins Apple Arcade playdate across multiple games
Bluey will appear in a series of exclusive playdate events across Apple Arcade titles, the company said in an announcement.
Sport
Prediction markets are booming, but a regulatory battle over sports betting could cut them in half
Crypto's loss has been prediction markets' gain. Now the platforms that thrived by moving fast face the same regulatory reckoning that caught crypto out
Wellness
Hims & Hers revenue grew to $2.35 billion in 2025, but subs were fewer than the market hoped for
Subscribers - who repeat orders for weight loss and/or ED treatments (among others) on a recurring schedule - grew by 13%, to exceed 2.5 million.
