GMEX Robotics stock jumps 30% on acquisition letter of intent By Investing.com

GMEX Robotics said it agreed to buy a 30% stake in Alpha Meta AI Pte Ltd, which operates as MediaMeta, via a cash-and-stock deal. GMEX may buy more shares to gain control. The agreement targets over $52.6M revenue in five years, with a partial refund if missed. GMEX shares fell 15% to $1.53 on Nasdaq.

GMEX Robotics (NASDAQ:GMEX) said it signed a non-binding letter of intent to acquire an AI platform focused on social intelligence and human behavioral modeling. The deal would use cash and shares, but terms and the target identity were not disclosed. GMEX plans to integrate the platform into its robotics strategy for “social world models,” targeting sectors like healthcare and retail, subject to due diligence and approvals.

GMEX Robotics (NASDAQ: GMEX) said in a shareholder letter that it is executing a strategy to build a “Terminal and Brain” ecosystem for embodied intelligence, using robotics hardware as a data carrier and an AI platform as the intelligence layer. The company is evaluating M&A opportunities, with a first acquisition expected by end of Q3 2026 and planned beta launches in mid-July and late July 2026. It also expects a first fulfillment order for its 2F Culinary AI soon.

U.S. upstream M&A slowed to $9.1B in Q2 as crude price volatility eased, though Enverus expects acceleration in H2 2026. Deal highlights include Magnolia Oil & Gas buying WildFire Energy for about $4.06B, Crescent Energy acquiring Vital Energy for ~$3.1B and Eagle Ford assets for $905M, and Baytex selling Eagle Ford assets for $2.14B.

AMD agreed to acquire Toronto startup Taalas, which designs model-specific AI chips that etch neural network weights into transistors to avoid weight transfers during inference. Taalas’ first test chip reportedly ran Meta’s Llama 3.1 8B at 16,960 tokens per second. Closing is expected in Q4, with chips planned for AMD Helios racks using ROCm.

AMD confirmed it will buy Toronto AI inference chip startup Taalas, subject to regulatory approval, to integrate Taalas technology into its accelerator roadmap and pair it with Instinct GPUs. AMD reported Q2 revenue of $11.5B (+50% YoY), data center $6.7B (+107%), and adjusted EPS $1.66 (+246%).