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10 stories in the last 7 days
The latest Finance news, distilled by AI into sharp ~100-word summaries covering tech-company earnings, revenue, stock moves, valuations and M&A. ByteBrief scans dozens of tech sources and surfaces only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Pine Labs reported its first full-year consolidated profit of ₹112.5 Cr in FY26, reversing a ₹145.5 Cr loss, as operating revenue rose 19% to ₹2,710.6 Cr. But Q1 FY27 adjusted EBITDA margin narrowed to 17.1% from 19.6%, showing the fintech's shift from payment terminals to an AI-powered stack remains a work in progress.
HIFI raised a $37M Series A led by Left Lane Capital for its API connecting regulated bank rails, stablecoins and card networks. The platform handles over $7B in annualized volume across 87 countries, settled DTCC's July tokenized trades with BlackRock, Goldman Sachs and Nasdaq, and this month partnered with Visa to extend stablecoin-funded payouts to over 4 billion cards.
Strategy is asking shareholders to approve daily dividends for its four U.S.-listed preferred stocks, with a vote set for Oct. 28. The change targets STRC, stuck below its $100 stated value since May despite a 12% rate and about $1 billion in buybacks. If approved, STRC's first daily dividend pays Nov. 2.
GitLab reported Q2 FY27 revenue of $286.3 million, up 21%, with calculated billings up 24% and its largest gross bookings quarter. Flex, its new consumption-based commitment, drew over 130 customers and $20 million in six weeks. Subscription cost of revenue jumped 76% as AI inference costs cut gross margin to 86% from 90%.
Morgan Stanley will be a strategic partner at the NEXTPredict summit in New York on October 22 and 23, leading a panel on institutional capital. It is the first bank to publicly back a prediction market initiative. The sector's valuations, including Kalshi at $40 billion and Polymarket at $20 billion, assume sports betting's 90% turnover share will shift toward institutional hedging.
Raspberry Pi Holdings shares rose over 30% after half-year revenue jumped 90% to $256.9 million for the six months ending June 30. Adjusted EBITDA more than doubled to $40.3 million and profit before tax leapt 216% to $19.6 million. Unit shipments climbed 17% to 4.2 million, and the order backlog doubled to 2.6 million units.
Schneider Electric agreed to buy Bulgarian smart home maker Shelly Group for €1.2 billion in cash, paying €70 per share, 27% above Shelly's €55.20 reference price. Founders Dimitar Dimitrov and Svetlin Todorov hold about 57%. The voluntary tender needs 95% acceptance plus Bulgarian and competition approval, with closing expected by end of Q1 2027.
Anthropic signed a seven-year, $11.6 billion cloud infrastructure deal with Akamai, expandable by $9 billion to about $20 billion. Akamai issued warrants for 7.7 million shares, roughly 5% of common stock, at $111.33. Akamai shares rose as much as 17% to $129.60 in late trading. The contract builds on a $1.8 billion deal signed in May.
Databricks acquired Seattle-based Row Zero, a cloud spreadsheet scaling to one billion rows, on Thursday for undisclosed terms. Founded in 2021 by former AWS and Tableau engineers, Row Zero raised $13 million and will integrate with Databricks' Genie AI agent, letting users query secure data via spreadsheet formulas. Row Zero remains available standalone.
Oracle sent a force majeure notice to Blue Owl Capital over Project Jupiter, its 2.45GW New Mexico Stargate data center, warning payments could be delayed if the campus misses its 2028 launch target. Oracle says the project remains on schedule, but the site faces gas pipeline and permit delays. Shares fell 4% Thursday.