Articles by Khal
Latest from Khal
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TSMC CEO projects 30% growth as autonomous driving and robotics accelerate
TSMC Chairman and CEO C.C. Wei outlined a vision where autonomous vehicles and robotics become the company's next major growth engine, projecting sustained 30% annual revenue growth into 2026 with no expected slowdown in capital spending.
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Liftoff Mobile IPO raises $437M, prices above range at $23/share
Liftoff Mobile raised $437 million in its IPO at $23 per share, above its $20–$22 marketed range, landing on Nasdaq under ticker LFTO at a $3.83 billion valuation. The mobile adtech platform's success follows a failed attempt earlier in 2026.
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OpenAI, Anthropic push Congress to regulate synthetic DNA sales
OpenAI, Anthropic, Google DeepMind, and Microsoft released an open letter calling for Congress to mandate screening and tracking of synthetic DNA and RNA orders, citing AI's growing capability to lower barriers for bioweapon design.
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Quantinuum prices IPO at $60 per share, raising $1.68 billion
Quantinuum, the quantum computing company backed by Honeywell, priced its IPO at $60 per share on June 3, raising $1.68 billion and achieving a $15.6 billion valuation. The offering exceeded its fundraising target by more than 60%, signaling strong institutional demand for quantum computing companies going public.
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Zcash rallies 10% as privacy upgrade scare clears
Zcash surged to $620 after a brief market panic over apparent block production halts proved false. The blockchain had actually completed an emergency upgrade to fix a soundness vulnerability in its Orchard privacy pool, with block explorers lagging behind.
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Goldman Sachs, Apex, Archax launch tokenized real estate fund
Goldman Sachs partnered with Apex Group, Archax, Ownera, and LRC Group to launch a blockchain-native real estate fund using the bank's GS DAP platform, combining tokenized issuance with traditional fund structures.
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Polymarket splits Strategy bitcoin contracts on May vs. June disclosure timing
UMA voters resolved Strategy's May bitcoin contract as No and June as Yes, hinging on whether the sale counted when it occurred (May 26-31) or when disclosed (June 1).
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Trump signals Iran nuclear deal progress by week's end
Donald Trump signaled meaningful progress in Iran nuclear negotiations by week's end, with a deal centering on uranium surrender and sanctions relief. The talks have roiled crypto markets, with Bitcoin swinging on geopolitical risk and US authorities seizing over $1 billion in Iranian-linked digital assets.
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US Trade Rep proposes tariffs on 12 countries for forced labor failures
The US Trade Representative released a 100-page report proposing tariffs ranging from 10% to 12.5% on imports from twelve countries deemed insufficient in addressing forced labor, following 60 Section 301 investigations launched in March.
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Apyx apxUSD stablecoin slips to 93 cents amid Bitcoin volatility
Apyx's apxUSD stablecoin briefly depegged to 93 cents Wednesday as Bitcoin fell sharply. The protocol says the slip reflects its design, not a flaw, and maintains excess collateral to absorb volatility.
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Bitmine plans $300M preferred stock offering for Ethereum expansion
Bitmine Immersion Technologies announced a $300 million preferred stock offering to fund additional Ethereum purchases and staking infrastructure expansion, committing to a 9.50% annual dividend obligation despite holding an unrealized loss exceeding $9 billion.
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Cboe Sets All-Time Monthly Record With 22M Options Contracts ADV
Cboe Global Markets' four US options exchanges averaged 22 million contracts per day in May 2026, a new all-time monthly record driven by multi-listed options and expanded trading hours, reflecting structural shifts in how investors use derivatives.
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European Parliament switches to Qwant from Google for tech sovereignty
The European Parliament will default to French search engine Qwant instead of Google starting June 4, 2026, signaling Europe's strategic push for digital independence from American tech companies.
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Wyoming Governor Signs AI Data Center Executive Order
Wyoming Governor Mark Gordon signed Executive Order 2026-03 on June 3, tasking state agencies with delivering policy recommendations within 60 days to promote responsible AI data center development while protecting state resources.
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Broadcom extends order visibility to 2028 on record AI demand
Broadcom CEO Hock Tan announced during Q2 fiscal 2026 earnings that order visibility now extends to 2028, driven by $30 billion in AI bookings and record quarterly revenue of $22.2 billion.
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House passes war powers resolution to halt Iran military action
The US House voted 215-208 on June 3 to pass a war powers resolution directing President Trump to withdraw from unauthorized military engagements against Iran. The resolution faces a near-certain veto but signals congressional pushback on escalation, triggering relief rallies in oil and crypto markets.
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Tesla expands unsupervised robotaxi fleet across Austin metro
Tesla's robotaxi service now covers the entire Austin metropolitan area as of June 3, operating 13 to 20 unsupervised vehicles — a fraction of its original 1,000-vehicle target. The expansion highlights the gap between autonomous-driving ambitions and current execution.
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Tether and Fasset launch gold-backed Visa card with 6% XAUT cashback
Tether and digital banking platform Fasset rolled out a neobanking Visa card that converts digital assets to fiat at point of sale and rewards users with tokenized gold (XAUT), backed 1:1 by Swiss-vaulted bars certified by the London Bullion Market Association.
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SpaceX Secures 35-Year Tax Exemption for $55B Terafab AI Chip Plant
Grimes County, Texas approved a full 35-year property tax waiver for SpaceX's Terafab semiconductor facility in a 4-1 vote, with the company committing $710M in payments. The joint venture with Tesla and xAI signals a shift toward onshore chip production.
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Geoffrey Hinton: AI chatbots may already be conscious, superintelligence within two decades
Geoffrey Hinton, a pioneering AI researcher, told the Big Technology Podcast that AI systems may already possess consciousness and that superintelligence could emerge within twenty years. He also noted rapid advances in mathematical reasoning that have surprised him.
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Broadcom Stock Falls 4% Despite Record $22.19B Revenue, 143% AI Surge
Broadcom reported record fiscal Q2 revenue of $22.19 billion with AI semiconductor sales jumping 143% to $10.8 billion, yet shares fell 4% as investors questioned the company's ability to sustain explosive growth and meet ambitious targets.
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Bitcoin drops below $62,000 as $1.5B in crypto longs liquidated
Bitcoin plunged below $62,000 on Thursday, triggering over $1.5 billion in leveraged liquidations across crypto markets as investors pulled $1 billion from U.S. spot bitcoin ETFs this week, extending a record streak of outflows.
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Jamie Dimon briefs JPMorgan clients on SpaceX's $75B IPO June 5
JPMorgan Chase CEO Jamie Dimon will host a discussion on SpaceX's upcoming Nasdaq listing on June 5, pitching the $75–80 billion IPO to thousands of ultra-high-net-worth clients as marketing efforts ramp up ahead of the offering.
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Stanford Study: AI Outperforms Law Professors 75% in Contract Reasoning
A Stanford Law School study found AI models won approximately 75% of blind matchups against 16 law professors across 40 contract law questions, with only 3.53% of AI answers flagged as potentially harmful compared to 12.06% of professor responses.