Here are the top AI-related stories that are on Wall Street investors’ radar this week.
After jolting global markets in late January, China looks set to spark another whirlwind with the launch of an artificial intelligence model that could rival the capabilities of those already offered by leading industry players.
Last week, Chinese developer Monica.im launched “Manus,” a “general AI agent” that matches the features of OpenAI’s Deep Research. Monica.im claims that Manus can take over tasks as common as creating a travel itinerary or scheduling a client interview, as well as complex ones such as analyzing a particular stock or developing an online store operation analysis. It also said Manus achieved new state-of-the-art performance across all three difficulty levels on GAIA, a benchmark for general AI assistants.
American startups have toppled capital raising activities seen in the post-pandemic peak in 2021, with capital markets paying a particular focus on fledgling private tech companies specializing in artificial intelligence.
Data from PitchBook shows that capital markets have poured over $30 billion into US-based private tech startups in the first quarter of 2025. This is on top of the roughly $50 billion that is underway for several major deals that include OpenAI and Safe Superintelligence, among others.
Electronic products maker Foxconn unveiled on March 10 its first large language model — called FoxBrain — aimed at enhancing its supply chain management. Developed by the company’s in-house team, the model is equipped with reasoning capabilities and functions such as code generation, mathematics, and data analytics. Foxconn trained FoxBrain in only four weeks, utilizing its extensive datasets and industry-specific knowledge to optimize the model’s performance in logistical applications.
Facing another hurdle to its AI push, Apple is reportedly delaying its updates to Siri to 2026 amid challenges in developing certain features and enhancements, Bloomberg News said on March 7. The delay highlights internal conflict within the tech giant’s AI division. The group’s software chief, Craig Federighi, and other bosses, had earlier flagged concerns over features that did not meet expectations during the testing period.
Looking for more? In this article, we have compiled the 10 biggest news within the AI space by scouring company filings, press releases, and third-party reports to bring you the top market-moving stories within the industry.
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10. BlackSky Technology Inc. (NYSE:BKSY)
Number of Hedge Fund Holders: 10
BlackSky Technology Inc. (NYSE:BKSY) is an Earth observation company that adopts a space-based intelligence platform to provide satellite imagery, analytics services, and sophisticated monitoring.
On March 6, BlackSky Technology Inc. (NYSE:BKSY) said in a filing that its net loss narrowed to $57.0 million for 2024 from $53.9 million in the year-ago period. Total revenue climbed to $102.1 million from $94.5 million a year ago. The company looks upbeat on its outlook as it forecasts a 30% year-on-year surge in total revenue for 2025. Its earnings results come on the heels of the release of the first images from its first Gen-3 satellite. BlackSky CEO Brian E. O’Toole said the outcome surpassed customer expectations, with the images taken only five days after the satellite’s launch.
“The addition of very-high resolution imagery to our high-frequency monitoring constellation enables us to deliver AI-derived insights at the speed of conflict, providing our customers with advanced space-based intelligence solutions,” O’Toole said in a March 6 release.
9. Bit Digital, Inc. (NASDAQ:BTBT)
Number of Hedge Fund Holders: 14
Bit Digital, Inc. (NASDAQ:BTBT) is a New York-based technology company offering a platform for high-performance computing infrastructure and digital asset production.
On March 7, the company said it will release its full-year 2024 financial results before the market opens on March 14. The current Wall Street consensus estimate is for a fourth-quarter loss of $0.03 per diluted share, compared with a loss of $0.02 per diluted share in the year-ago period. During the past year, the company invested heavily in its Bit Digital AI business, which it targets to achieve $100 million in run-rate AI revenue by year-end 2024.
8. Box Inc. (NYSE:BOX)
Number of Hedge Fund Holders: 39
Box Inc (NYSE:BOX) is a cloud-based content management software developer. Its products enable customers and businesses to store and manage online files through any device for remote collaboration. As part of its AI suite, the company’s Box AI promises “enterprise-grade security, compliance and privacy standards” for intelligent content generation and insights.
On March 6, the company reported a record GAAP gross profit of $862.0 million for fiscal 2025, up from $777.1 million in the prior fiscal year. GAAP diluted EPS was $1.36, compared with $0.67 a year ago. This included an impact of $0.14 per share from unfavorable foreign exchange rates. Revenue went up 5% year on year to $1.09 billion, or by 7% on a constant-currency basis.
For full fiscal 2026, the company expects revenue of between $1.155 billion and $1.160 billion, representing a 6% year-on-year rise. GAAP net income per share attributable to common stockholders is expected to be in the range of $0.10 to $0.14. This includes an expected negative impact of $0.19 from the recognition of non-cash deferred tax expenses.
On March 4, the cloud-storage company also greenlighted a further $150 million share repurchase plan, following a $100 million boost in August 2024.
