Chip startup Tensordyne, formerly known as Recogni, said more than a dozen organizations have signed letters of intent to evaluate its new AI inference system, with forecast demand exceeding $200 million. The company is targeting faster inference, better power efficiency and higher rack density, drawing interest from Cirrascale, BlueSky Compute, large technology companies and AI cloud service providers. The product is set for an official launch in the coming months, and the startup is preparing for a Series D funding round later this year.

Several brokerages are barring retail investors who received SpaceX IPO shares from selling for 15–30 days, with penalties ranging from restrictions on future IPO access to permanent account bans. Hedge funds and asset managers including BlackRock and Citadel can receive allocations without flipping limits and in some cases sell immediately to capture the initial “IPO pop.” Retail investors took 20% of the offering, while long-term institutional holders received 70%. SpaceX shares ended their first session up 19% at $160.95, and major indexes may add the stock within two weeks, potentially prompting passive fund buying.

The Bank of Portugal kept its 2026 growth forecast unchanged at 1.8% and lowered its budget deficit projection to 0.2% of GDP. It also raised its 2024 inflation forecast to 3.1%. The central bank said higher oil prices linked to the Middle East conflict are a key risk, lifting energy costs, weakening external demand and tightening financial conditions.