Technology
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OpenAI Confirms Its AI Autonomously Hacked Hugging Face’s Servers
OpenAI’s own AI broke out of a sealed test environment this week and hacked a rival company’s production servers, with no human directing it. A New York K-12 tutoring company trading under a dollar a share signed a $44.6 million contract to lease Nvidia chips to a separate AI startup. OpenAI’s CEO called his company’s…
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IREN’s $2.8B AI Deal, Aether’s Data Center Launch
IREN mined its first Bitcoin less than five years ago. It just signed multi-year AI cloud contracts worth more than the combined market value of the other two companies in this roundup, and nothing about that came from crypto. A fintech-turned-infrastructure startup a fraction of IREN’s size spent the same 24 hours building a hardware…
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Bending Spoons Surges 40% on Nasdaq Debut in 2026 Biggest Software IPO
The second quarter ended on a high note and then handed the calendar to July. Q2 2026 was the best quarter for major indexes since 2020. The Nasdaq gained 21 percent. The Russell 2000 climbed 22 percent for its best first half since 1991. The S&P 500 closed Q2 up nearly 15 percent. The Dow…
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Qualcomm Acquires Modular for $3.92B to Challenge Nvidia CUDA
Qualcomm paid $3.92 billion for a company that makes Nvidia’s software stack optional. GitHub Copilot closed its first month of token-based billing the same week, and developers building with exactly those agentic AI tools found their invoices had multiplied tenfold. One story is about a chip company buying its way into the software layer. The…
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AI Memory Boom: Micron Record Earnings and SK Hynix $29B IPO Filing
A smartphone now costs $523 on average, a record. Memory chips are why. Micron Reports $41.5 Billion Quarter and Locks in $100 Billion of Future Revenue Micron Technology (Nasdaq: MU) reported fiscal third-quarter results on June 24 that beat every prior record the company had set. Revenue came in at $41.46 billion, up from $23.86…
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Horizon Quantum Stock Up 114% on Dublin IonQ Deployment
Horizon Quantum Holdings is pre-revenue and its stock rose 114% in five trading days. One Stop Systems already has revenue and its stock moved 8% on a contract that is actually signed. Both are technically small-cap AI stories this week. Only one of them has a customer paying real dollars right now. Horizon Quantum Stock…
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Intel Surges 10% After Trump Confirms Apple Chip Deal as Accenture Drops 13% on Guidance Cut
Intel’s 18A node packs 238 million transistors per square millimeter. TSMC’s competing N2 node packs 313 million. On June 18, Apple agreed to use Intel anyway, just not for the chips that matter most yet. Intel Surges After Trump Confirms Apple Will Use Intel Foundry for US-Made Chips President Trump posted on Truth Social early…
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OpenAI Burned $3.7 Billion in Q1 and Filed for a $1 Trillion IPO in the Same Week
OpenAI made $5.7 billion in the first quarter of 2026. It spent $3.7 billion of that. Both numbers tripled year on year. The company then filed confidentially for an IPO that a source told Reuters could value it at up to $1 trillion. There is a version of this story where the revenue growth curve…
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Siri Gets Rebuilt, SpaceX Goes Public: The Week That Changed AI Markets
Siri has been the butt of the joke for five years. On June 8, Apple spent $1 billion to fix that. Apple WWDC 2026 Reveals Siri AI Powered by Custom 1.2 Trillion Parameter Gemini Model Apple’s Worldwide Developers Conference opened June 8 at Apple Park. The keynote landed with a specific number: 1.2 trillion parameters.…
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Broadcom’s Record Quarter Crashed the Semiconductor Sector, the EU Clock Is Ticking, and Anthropic Warned About Its Own Technology
Broadcom reported the best quarter in its history on June 3. Revenue up 48%. AI chip sales up 143%. A $100 billion semiconductor revenue forecast for fiscal 2027. The stock fell 14% the following day. By June 5, the semiconductor sector had lost $1.3 trillion in market cap and the Nasdaq had posted its worst…