Topic: #technology
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SparkKitty malware infiltrates App Store and Google Play, targets crypto wallets
Security researchers have detailed how SparkKitty malware, first discovered in June 2025, spread through Apple and Google's official app stores by disguising itself as legitimate cryptocurrency and messaging apps, then scanned device photos for wallet recovery phrases.
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TPG in talks to acquire Netrality Data Centers in $3B deal
Private equity firm TPG is negotiating to acquire Netrality Data Centers for around $3 billion, marking one of the largest data center transactions as AI infrastructure demand reshapes valuations across the sector.
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BlackRock markets $12.3B bonds for Meta's 1-gigawatt El Paso data center
BlackRock is raising $12.3 billion in bonds to finance a data center campus in El Paso, Texas, anchored by Meta through an 80/20 joint venture structure that keeps capital expenditure off the social media giant's balance sheet.
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Nvidia Vera Rubin AI platform on schedule, customer testing underway
Nvidia's next-generation Vera Rubin AI platform is on track for production ramp-up in May 2026, with customer sampling already underway at AWS, Google Cloud, and Microsoft. The platform promises up to 10x reduction in inference costs versus Blackwell.
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Hedge Funds Dump US Tech Stocks at Record Pace in June, Goldman Data Shows
Hedge funds sold US information technology equities at the largest net pace since 2016, with $8.5 billion in total US equity outflows during the week ending June 25, according to Goldman Sachs Prime Services data. Semiconductors accounted for over half the selloff.
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Nvidia invests $6.5B in silicon photonics to solve AI cluster bandwidth limits
Nvidia has invested over $6.5 billion in silicon photonics companies since March 2026, signaling a fundamental infrastructure shift as AI training clusters push hundreds of thousands of GPUs beyond the bandwidth capacity of traditional copper wiring.
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ASML Raises 2026 Forecast on AI, Crypto Demand; Plans 30% Production Boost
ASML reported €9.3 billion in Q2 sales and raised its full-year revenue forecast, citing artificial intelligence and cryptocurrency as drivers of accelerating semiconductor demand. The Dutch chipmaking-equipment maker plans a 30% production boost for its advanced EUV lithography systems in 2027.
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CoreWeave explores futures contracts to hedge chip price volatility
CoreWeave, the AI cloud infrastructure company, is evaluating financial derivatives to protect its multibillion-dollar hardware investments from declining chip prices, signaling the emergence of standardized computing hardware derivatives markets.
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IBM warns Q2 earnings at risk from delayed deals and supply chain drag
IBM warned that Q2 results could miss expectations due to large deals failing to close on schedule and supply chain disruptions. The company posted strong Q1 revenue of $15.9 billion but faces headwinds as it repositions around hybrid cloud and AI.
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BNB Chain targets 1M TPS with AI agents as token hits 2024 lows
BNB Chain is overhauling its architecture to process 1 million transactions per second and integrate protocol-level privacy, targeting traditional finance and autonomous AI agents. The pivot comes as BNB token has fallen more than 35% this year to $563, its lowest since October 2024.
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Nvidia, Oracle trials show AI data centers cut power 30% during grid stress
Field trials led by Emerald AI in partnership with Nvidia and Oracle Cloud Infrastructure demonstrated that AI data centers can dynamically reduce power consumption by more than 30% during grid stress, potentially unlocking 100 GW of additional capacity without building new power plants.
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Micron breaks ground on $9.3B AI memory plant in Japan
Micron Technology broke ground on a $9.3 billion to $9.6 billion semiconductor facility expansion in Hiroshima, Japan on July 4, targeting high-bandwidth memory production for AI data centers with first shipments expected by summer 2028.
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Zcash Ironwood upgrade nears testnet launch with no critical bugs found
Zcash developers say security testing has uncovered no serious new vulnerabilities as the Ironwood upgrade moves toward testnet activation, intended to restore confidence after May's Orchard flaw crashed ZEC by more than half.
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Taiwan, South Korea, Japan control global semiconductor supply—crypto depends on it
Northeast Asia's dominance in semiconductor manufacturing—from Taiwan's advanced chip foundries to South Korea's memory production—underpins the entire crypto mining and validator ecosystem. Supply constraints in the region ripple directly into mining economics and hardware costs.
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Kuaishou raises $3B for Kling AI, targets Hong Kong IPO in 12 months
Kuaishou Technology announced a $3 billion funding round for its AI video-generation subsidiary Kling AI in Hong Kong, valuing the unit at $18 billion post-money and planning an IPO within 12 months. The round represents a 10% markdown from Kling AI's April valuation of $20 billion.
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Nvidia shifts to revenue-sharing model with Australian cloud provider SharonAI
Nvidia announced a six-year partnership with Australian cloud provider SharonAI under a new revenue-sharing model, marking a shift toward predictable, subscription-like income streams from AI infrastructure deployments.
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Tech Profit-Taking Hits Nasdaq, Semiconductors; Meta Surges on AI Cloud Service
US equity markets declined on July 1 as investors trimmed technology positions, with the Nasdaq falling 0.66% and semiconductors hit hardest. Meta Platforms bucked the trend, surging 9% after announcing plans to monetize excess AI computing capacity through a new cloud service.
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Mohalla Tech seeks $400M IPO in 2027 after achieving profitability
Mohalla Tech, the company behind India's ShareChat and Moj social platforms, plans to raise up to $400 million through a public listing in 2027 after achieving operational profitability in Q1 FY2027. The move signals a shift toward investor confidence based on unit economics rather than growth-at-any-cost narratives.
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Tesla converts Fremont factory to Optimus robot production
Tesla has repurposed its Fremont factory's Model S and Model X production line to manufacture Gen 3 Optimus robots, with footage surfacing July 1 showing the new assembly operation underway. The company targets 1 million units annually.
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Bending Spoons prices IPO above range, raises $1.62B in largest European tech listing
Bending Spoons, a Milan-based digital acquirer, raised $1.62 billion in its Nasdaq IPO priced above the marketed range, valuing the company near $20 billion. The offering marks the largest European tech IPO in recent memory.
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Taiwan raids Super Micro Computer in Nvidia chip smuggling probe
Taiwanese prosecutors searched Super Micro Computer's Taiwan offices and residences of six individuals on June 29 as part of an expanding investigation into alleged illegal exports of Nvidia AI chips to China, following US federal charges unsealed in March.
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Luxshare targets $3.1B Hong Kong IPO, largest of 2026
Chinese electronics manufacturer Luxshare Precision Industry is seeking up to $3.1 billion in proceeds from a secondary listing on the Hong Kong Stock Exchange, marking the year's largest IPO and opening the company to global institutional investors.
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Soitec partners with ZenSemi to scale power chips for AI and EVs
French semiconductor materials company Soitec has partnered with Chinese specialty foundry ZenSemi to ramp production of BCD-on-SOI substrates for power management chips targeting AI datacenters, electric vehicles, and industrial systems.
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Apple lobbies Trump for CXMT DRAM waiver amid chip supply crunch
Apple is seeking U.S. government approval to procure memory chips from ChangXin Memory Technologies, a Chinese manufacturer on the Pentagon's military list, as commodity DRAM prices surge and AI-driven demand strains supply chains globally.