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TSMC posts 77% profit surge as CFO bets the company’s future on AI megatrends
TSMC reported Q2 2026 net income surging 77.4% as CFO Wendell Huang doubled down on AI megatrends with $100 billion A…
Alfakraft Fonder AB partners with Bitwise to build regulated crypto products for European institutions
Alfakraft Fonder AB partners with Bitwise Asset Management to develop regulated digital asset products targeting Euro…
Blackstone invests in South Korean actuator maker Futronic in deal valued at around $676M
Blackstone has agreed to invest in Futronic, a South Korean actuator maker, in a deal valued at around $676 million, …
Baichuan Intelligence pushes toward 2027 IPO after raising $700M as China’s AI race heats up
Baichuan Intelligence, valued at over $2.7B after a $700M Series A, targets a 2027 IPO as China's AI startups race to…
Jeff Bezos backs $450M round for AI materials startup CuspAI as tech capital hunts for real-world AI bets
Jeff Bezos backs a $450M funding round for CuspAI, a Cambridge AI startup valued at $2.6B that uses generative AI for…
Alibaba unveils Qwen3.8 Max AI model, claiming second place globally behind Anthropic
Alibaba's Qwen3.8 Max AI model claims second place globally behind Anthropic's Fable 5, narrowing the US-China tech g…
Foxconn lands $52B SpaceX contract to build 13,000 Nvidia GB300 AI server racks
Foxconn secures a $52 billion SpaceX contract to supply 13,000 Nvidia GB300 AI server racks, challenging Dell and Sup…
Taiwan’s retail investors unwind leveraged stock bets, driving historic market correction
Taiwan's TAIEX suffered its largest single-day point drop ever as retail investors dumped leveraged positions, slashi…
Deloitte survey shows 73% of UK CFOs bullish on AI impact, signaling major shift in enterprise spending
Deloitte's UK CFO Survey shows 73% of finance chiefs are bullish on AI, up from 39% in 2024, with 96% planning higher…
Samsung SDS launches Korea’s first NPU-as-a-Service on FuriosaAI’s RNGD chip
Samsung SDS launched Korea's first NPU-as-a-Service on July 16, 2026, using FuriosaAI's RNGD chip, targeting governme…
MiTAC unveils liquid-cooled 52U rack packing 96 AMD GPUs into a single unit
MiTAC debuts a 52U liquid-cooled rack with 96 AMD Instinct MI355X GPUs at COMPUTEX 2026, claiming 50% higher GPU dens…
TSMC expects strong, multi-year demand for AI chips, adds $100B to Arizona investment
TSMC commits $265 billion to Arizona AI chip manufacturing, revises 2026 revenue growth to over 40%, signaling multi-…
Grok 4.5 tops VulcanBench coding benchmark with 91% score, and AI investors should pay attention
Grok 4.5 scores 91.3% on VulcanBench, outperforming Claude Fable 5 and GPT-5.6 Sol on real-world coding tasks with lo…
SpaceX’s IPO lockup begins expiring in August, testing market appetite for $123 billion in newly tradable shares
SpaceX's first major lockup expiration in August will unlock roughly $123 billion in shares, testing market demand in…
Silicon photonics investment surges as AI clusters outgrow copper wiring
Nvidia has invested over $6.5 billion in silicon photonics companies as AI clusters outgrow copper wiring, reshaping …
Apple lawsuit threatens OpenAI’s hardware development plans
Apple filed a 41-page trade secrets lawsuit against OpenAI, alleging systematic theft of iPhone manufacturing secrets…
SpaceX stock drops 45% from post-IPO high as Cathie Wood buys $51M more
SpaceX shares fell 45% from their post-IPO high to $124 as Cathie Wood's ARK Invest bought $52.1M more, alongside Coi…
Injective highlights SEC registration, Robinhood listing for INJ at Summit
Injective announced its INJ token listing on Robinhood, SEC transfer agent filing, AI SDK launch, and Linux Foundatio…
TSMC’s record $40.2B quarter signals the AI chip boom is far from over, and crypto miners should pay attention
TSMC posted record Q2 revenue of $40.2B and raised its 2026 growth outlook above 40%, signaling sustained AI chip dem…
Bank of America doubles stake in Google stock ahead of earnings
Bank of America reaffirms its $430 Alphabet price target while expanding crypto infrastructure, recommending 1-4% dig…
Apple’s quiet hunt for AI memory solutions could ripple through chip stocks and decentralized compute
Apple is exploring new strategies for rising AI memory demands, creating uncertainty for Micron and potential tailwin…
Oracle hits 52-week low as S&P cuts credit rating to one notch above junk
S&P cut Oracle's credit rating to BBB-, one notch above junk, as AI infrastructure spending and OpenAI revenue concen…
Tesla ramps up production in Germany, plans to supply over 30 markets from Berlin factory
Tesla targets 7,500 Model Y vehicles per week at its Berlin factory by October 2026, hiring 3,500 new workers and pla…
Apple’s trade secrets lawsuit against OpenAI deliberately leaves out designer Jony Ive
Apple filed a trade secrets lawsuit against OpenAI alleging poaching of 400+ employees and theft of confidential hard…
AI is destroying the internet. Math is our only hope.
The rise of autonomous AI agents necessitates the utilization of zero-knowledge proofs, argues Brian Trunzo, chief gr…
Alphabet and Tesla earnings this week could ripple through crypto markets
Tesla's 11,509 BTC treasury and Alphabet's $80 billion AI raise make this week's Q2 2026 earnings pivotal for Bitcoin…
AMD surpasses Nvidia in $45B semiconductor ETF as chip sector leadership shifts
AMD has edged past Nvidia in the $45B iShares Semiconductor ETF as Micron closes in, signaling a major shift in AI-er…
AZ-COM Maruwa to use JPYC stablecoin in Japan’s first large-scale corporate rollout
AZ-COM Maruwa is investing 1 billion in JPYC and will pay drivers in the yen-backed stablecoin in Japan's first large…
Amazon’s Trainium chip business hits $20B annual revenue pace, reshaping the AI compute landscape
Amazon's Trainium AI chip business reaches a $20 billion annual revenue run rate with $225 billion in commitments, re…
Meta users report widespread outages on Facebook and Instagram
Facebook and Instagram outages drew over 300,000 complaints on Downdetector while Meta flagged high ad disruptions. C…