Topic: #technology
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Morgan Stanley upgrades South Korea to overweight on AI, industrial recovery
Morgan Stanley upgraded South Korean stocks to overweight on July 22, citing improved risk-reward in AI and industrial sectors after a leverage washout. The firm maintained a KOSPI target of 9,000, signaling substantial upside potential.
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UK employers hiring AI talent while cutting broader workforce
UK job postings for AI roles surged 60% to 179,954 in 2025 as AI wage premiums tripled to 34.2%, but overall UK hiring fell 27% below baseline and 17% of employers plan headcount reductions driven by automation.
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IBM CEO Krishna: Quantum Computing Revenue by 2028
IBM CEO Arvind Krishna said quantum computing will generate meaningful commercial revenue by 2028 or 2029, with the sector potentially worth $1 trillion by the end of the 2030s, as major tech firms and startups race to build practical machines.
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AI Companies Race to Hire Forward-Deployed Engineers Amid Adoption Gap
Forward-deployed engineers—specialists who embed inside client operations to configure AI systems for real workflows—are in acute shortage as enterprises discover that buying AI tools and deploying them profitably are two different problems.
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Flock Safety Cameras Face Congressional Backlash Over Privacy Abuse
Public opposition to Flock Safety's automated license plate reader cameras has spread from city council meetings to Congress, where Rep. Thomas Massie plans legislation to withhold federal funding from agencies deploying the technology, amid documented cases of officer abuse and activist protests.
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Merkle Science brings confidential transfers to Sui with regulatory compliance
Merkle Science is deploying confidential transfers on Sui that keep account balances private while giving compliance teams structured access, attempting to resolve the long-standing tension between blockchain privacy and regulatory oversight.
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Robinhood developing zero-knowledge privacy protocol for anonymous swaps
Robinhood is reportedly building a zero-knowledge privacy protocol that would enable anonymous deposits, swaps, and withdrawals, marking a potential shift toward privacy-first trading on a major centralized exchange.
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GlobalFoundries secures $375M CHIPS funding for quantum processor platform
GlobalFoundries signed a letter of intent with the US Commerce Department for up to $375 million in CHIPS Act funding to develop Quantum Technology Solutions, a domestic manufacturing platform for quantum processors. The Commerce Department will take a roughly 1% equity stake in the chipmaker.
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AMD CEO Lisa Su: AI Reaches Inflection Point for Meaningful Work
AMD CEO Lisa Su stated in a Yahoo Finance interview that AI has reached an inflection point where more people are doing genuinely useful work. The company announced a significant partnership with Anthropic involving up to 2 gigawatts of GPU deployment and a $5 billion equity investment.
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Coinbase Appoints Rob Witoff as Chief Technology Officer
Coinbase named longtime engineer Rob Witoff as its new chief technology officer, bringing back one of the company's earliest builders as the exchange accelerates its AI-first transformation.
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EU AI Act mandates deepfake labeling from August 2, 2026
The EU's AI Act requires synthetic media labeling starting August 2, 2026, with fines up to €15 million for non-compliance. Blockchain-based systems are being positioned as technical infrastructure to verify content authenticity and metadata claims.
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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.