Tempus AI Raises Outlook, CEO Cites Faster-Than-Expected Growth And Improved Margins

Tempus AI Inc. (NASDAQ:TEM) reported second-quarter financial results Friday. The AI-focused precision medicine and patient care company reported a second-quarter adjusted loss of 22 cents per share, beating analyst estimates for a loss of 24 cents per share. Tempus AI reported quarterly revenue of $314.64 million, beating the consensus estimates of $296.85 million. Revenue increased 89.6% year-over-year. Genomics contributed $241.8 million in revenue in the quarter, growing 115.3% year over yea

SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push, Bloomberg News reports

SoftBank Group Corp is acquiring Foxconn Technology Group’s electric vehicle plant in Ohio, in a move to launch the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp, Bloomberg News reported on Friday. Foxconn did not immediately respond to a Reuters request for comment while SoftBank could not be reached for a comment. Reuters could not immediately verify the report.

Fortune Tech: Eyewatering

OpenAI GPT-5, Intel CEO under pressure, HPE-Juniper merger on the rocks. Plus: Brex, Google TV, Instacart, Meta, Pinterest, Ripple, Take-Two, U.S. court breach in the latest edition of Fortune’s flagship tech newsletter.

The Rise of “Acquihiring” in a Post-Layoff Tech Sector

As a practicing M&A attorney representing both strategic acquirers and venture-backed targets, I have had a front row seat to the fundamental transformation of Silicon Valley’s exit landscape. The rise of acquihiring represents more than a market trend, it’s an evolutionary response to capital scarcity, talent wars, and regulatory uncertainty that demands sophisticated legal frameworks and innovation-friendly policy approaches.