Deborah Sophia / Reuters: Shopify reports Q2 revenue up 34% YoY to $3.58B, above $3.45B est., GMV up 32% YoY to $115.57B, and forecasts Q3 revenue growth above est.; SHOP jumps 15%+ — Canada's Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company's AI efforts …
Leo Marchandon / Reuters: Europe's established tech groups SAP, Capgemini, Sopra Steria, and OVHcloud report stronger AI demand, as enterprises shift from experimentation to deployment — The AI boom was widely expected to favour the new companies building the models. Recent earnings suggest it is some of Europe's biggest …
Akash Sriram / Reuters: Obsidian Security, which helps companies secure AI agents, raised an $85M Series D at a $1.1B valuation, after raising a $90M Series C in April 2022 — Obsidian Security said on Tuesday it had raised $85 million in a Series D funding round that valued the AI security startup at $1.1 billion …
Alexandra Alper / Reuters: Sources: the FCC is drafting a restriction on US imports of new models of Chinese data center optical transceivers, set to take effect upon publication in 2026 — The Trump administration is drafting a ban on U.S. imports of new models of Chinese data center components …
Reuters: Bending Spoons agrees to acquire Airtable in an all-cash deal valuing the US software company at $1.285B, set to close by 2026's end, its first post-IPO deal — Bending Spoons (BSP.O) has agreed to buy Airtable in an all-cash deal valuing the U.S. software firm at $1.285 billion …
Eduardo Baptista / Reuters: Artificial Analysis: DeepSeek's V4-Flash costs $0.14/1M input and $0.28/1M output tokens, or $0.03 per test, far below Kimi K3's $0.86 and GPT-5.6 Sol's $1.86 — A version of Chinese startup DeepSeek's flagship AI model is by far the least expensive to run on benchmark tests among …
Reuters: An investigation reveals Dubai-based unlicensed crypto exchange Shelbit has processed at least $4B as part of Iran's sanctions-evasion operation since May 2024 — A Dubai-based crypto exchange serves as a hub for moving illicit Iranian money. The exchange, Shelbit, links a vast gambling network fronted …
Jody Godoy / Reuters: The FTC clears quantum computing company IonQ's $1.8B acquisition of chipmaker SkyWater after the FTC's two members disagreed at first on imposing conditions — The U.S. Federal Trade Commission cleared quantum computing firm IonQ's (IONQ.N) $1.8 billion acquisition of chipmaker SkyWater Technology …
Reuters: Sources: Eric Trump-backed Space-Eyes, which develops AI-powered defense tech for the public sector, agrees to go public via a SPAC merger at a $638M valuation — Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp …
Inti Landauro / Reuters: The EU Commission charges Temu with failing to cooperate during a December 2025 raid on its Dublin HQ as part of a probe into the company's foreign subsidies — The European Commission said on Friday that it has charged Chinese online retailer Temu for not cooperating properly during a raid …
Jonathan Stempel / Reuters: New York sues Kalshi for alleged violations of its gambling laws; the CFTC files an emergency motion to stop the state's enforcement, calling it an “overreach” — New York's attorney general sued Kalshi on Friday, claiming that its prediction market platform violates state laws against illegal gambling.
Eduardo Baptista / Reuters: Papers and patents: Chinese military researchers distilled OpenAI and Anthropic models to train domestic AI systems and advance China's defense capabilities — Chinese military researchers have used outputs from leading U.S. artificial intelligence models developed by OpenAI and Anthropic …
Abhirup Roy / Reuters: Amazon's Zoox receives the NHTSA's first US approval for paid deployment of its steering wheel-free robotaxi and can deploy up to 2,500 per year through 2028 — Amazon's (AMZN.O) Zoox won U.S. approval on Wednesday for limited commercial deployment of its novel steering-wheel-free robotaxis …
Reuters: GlobalFoundries says the US plans to award it $300M in CHIPS Act funding to bolster R&D of silicon photonics tech to power more efficient AI data centers — GlobalFoundries (GFS.O) said on Wednesday the U.S. government will award $300 million to the chipmaker to bolster research …
Reuters: Russia's FSB charges Telegram founder Pavel Durov with facilitating terrorist activities, including by Ukraine, and issues an international arrest warrant — Russia said on Wednesday it had charged Telegram founder Pavel Durov with facilitating terrorist activity, alleging …
Jaspreet Singh / Reuters: Nvidia forms the Open Secure AI Alliance, a coalition including CrowdStrike, Hugging Face, and Dell to develop and share tools for AI safety and cybersecurity — Nvidia (NVDA.O) said on Monday it had formed a coalition with other companies to develop and share tools for AI safety and cybersecurity …
Leo Marchandon / Reuters: European satellite operators Eutelsat and SES stand to receive ~$6.1B in combined payments for helping clear 160 MHz satellite spectrum for US wireless services — European satellite operators SES (SESFg.LU) and Eutelsat (ETL.PA) stand to receive roughly $6.1 billion in combined payments …
Jaspreet Singh / Reuters: Verizon CEO Dan Schulman says Verizon will provide dark-fiber connectivity for Google's data centers in a $1B+ deal, with more such deals in the pipeline — Verizon CEO Dan Schulman said on Friday the company has secured a deal with Google (GOOGL.O), valued at more than $1 billion …
Reuters: Sources: CXMT expelled Huawei-linked SiCarrier staff from its R&D zone amid a pricing dispute, as Chinese memory makers flex their newfound clout to hike prices — For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been hiking prices on Huawei, one of the country's biggest technology companies.
Reuters: Nvidia and SK Group unveil a $500B+ AI initiative that includes an SK Hynix partnership to secure next-gen memory supply for Nvidia and joint development of HBM — Nvidia (NVDA.O) and South Korea's SK Group on Friday unveiled a more than $500 billion AI initiative spanning large-scale AI data centers …
Munsif Vengattil / Reuters: Delhi High Court rules OpenAI's use of ANI content to train ChatGPT wasn't copyright infringement as the news agency didn't show ChatGPT reproduced its reports — An Indian court said on Friday that OpenAI's use of news agency ANI's content to train its ChatGPT service did not amount to copyright infringement.
Foo Yun Chee / Reuters: Preliminary findings: the EU Commission says TikTok's accounts for minors violate the DSA, citing features that could expose children to bullying and predators — ByteDance's social media platform TikTok has been charged with breaching EU online content rules due to design features …
Simone Lobo / Reuters: The US OCC denies Wise's application to create a national trust bank, citing incompatibility with new Federal Reserve policies; Wise says it plans to reapply — London-listed shares of Wise (WISEa.L), fell 10% on Friday after the money transfer group said its application to create …
Reuters: Sources: Jeff Bezos pushed Prime Video head Mike Hopkins to highlight AI in an overhaul of the service, leading to an internal effort called Project Lighthouse — Jeff Bezos has identified a new, high-profile platform to help showcase the hundreds of billions of dollars Amazon (AMZN.O) has bet on artificial intelligence: Prime Video.
Akanksha Khushi / Reuters: Crypto exchange BitMEX says it will shut down on September 23 and users' assets are safe; Trump pardoned its founders in 2025 for failing to implement AML rules — Cryptocurrency exchange BitMEX said on Thursday that it will shut down its operations, effective September 23 …
Reuters: Sources: Intel and AMD are signing longer-term server CPU purchase commitments with Chinese customers; prices of some CPU products are up 40%+ in China YTD — U.S. chipmaking giants Intel (INTC.O) and Advanced Micro Devices (AMD.O) are signing longer-term purchase commitments …
Wen-Yee Lee / Reuters: Foxconn says it will work with Intel to jointly develop and deploy next-gen AI infrastructure, including server racks with Intel Xeon processors and AI chips — Foxconn (2317.TW) said on Thursday it will work with U.S. chipmaker Intel (INTC.O) to jointly develop and deploy next-generation AI infrastructure …
Arriana McLymore / Reuters: Amazon schedules Prime Day for June 23 to June 26, shifting the four-day sales event from July to avoid the end of the FIFA World Cup and US Independence Day — Amazon.com (AMZN.O) will host its annual Prime Day sales event from June 23 to June 26 after launching the event in July for the past five years …
Max Cherney / Reuters: Computex 2026: ARM CEO Rene Haas says Oracle and ByteDance are among the customers of Arm's new AGI CPUs for data centers — Chinese tech company ByteDance and U.S. data centre firm Oracle (ORCL.N) are among the customers of Arm's (O9Ty.F) AI data centre chips, the head of the chip designing firm said on Tuesday.
Reuters: A look at AMD CEO Lisa Su's and Nvidia CEO Jensen Huang's contrasting China playbooks, with Su keeping a lower profile; China accounts for ~20% of AMD's revenue — When AMD CEO Lisa Su arrived in China last week just days after Nvidia's CEO left, she kept a much lower profile than Jensen Huang …
Diana Novak Jones / Reuters: Filing: a Kentucky school district secured ~$27M in settlements from Meta, Snap, TikTok, and YouTube in a social media harms lawsuit; Meta paid the most, at $9M — A Kentucky school district secured approximately $27 million in settlements from social media companies over claims they fueled …
Pritam Biswas / Reuters: Coinbase and Kalshi introduce perpetual crypto futures, marking the first time the contracts will be available to US investors via domestic, regulated exchanges — Cryptocurrency exchange Coinbase (COIN.O) and prediction markets platform Kalshi said on Friday they are introducing perpetual crypto futures …
Reuters: Former Tesla data labelers say FSD relies on laborious mapping for hazards; crash data analysis shows Tesla exaggerates FSD's safety via flawed methodology — Tesla says its Full Self-Driving software is up to 10 times safer than human drivers. But the figures the company uses to support …
Raphael Satter / Reuters: Letter: US Central Command says it received “threat reports concerning adversary exploitation of commercial location data” to target US personnel in war zones — U.S. forces deployed to war zones have been targeted using commercially available location data …
Reuters: Source: the Shanghai Futures Exchange is in the early stages of designing futures contracts for AI tokens; US exchanges are set to launch GPU compute futures — China is designing a futures market for AI tokens, sources familiar with the matter said, as the country potentially takes …
David Jeans / Reuters: Sources: SpaceX successfully pressured the Pentagon to raise Starlink fees for LUCAS kamikaze drones amid increasing tensions over Starlink's pricing — As U.S. kamikaze drones guided by Elon Musk's Starlink network began to make visible gains in the war against Iran, senior SpaceX officials reached …
Reuters: Tether plans to launch GELT, an “official” stablecoin representing the Georgian lari, with the support of Georgia's government in an unusual partnership — Tether, the world's biggest stablecoin issuer, plans to launch a crypto token representing the Georgian lari with the support …
Joshua McElwee / Reuters: In his ~43,000-word encyclical, the Pope urged governments to slow down AI development and decried “new forms of slavery” in AI and tech supply chains — Pope Leo urged governments to slow down the development of AI systems in his first major document, released on Monday …
Reuters: Sources: the ECB warned EU finance ministers that proposals to issue more euro stablecoins could reduce bank lending and make controlling interest rates harder — The European Central Bank warned European Union finance ministers on Friday that proposals to issue more euro stablecoins …
Anusha Shah / Reuters: Delivery Hero says it received a takeover offer from Uber for €33 per share, a discount of 1.76% from Delivery Hero's close on Friday — German food delivery service Delivery Hero (DHER.DE) confirmed it had received a takeover offer from rival Uber (UBER.N) valuing the company at 33 euros …
Reuters: China's Wingtech files a lawsuit against Nexperia, saying its control over the Dutch chipmaker remained restricted, and seeks ~$1.2B for economic losses — China's Wingtech Technology (600745.SS) has filed a lawsuit with a subsidiary against Nexperia B.V. and five other entities …
Reuters: Lenovo reports Q4 revenue up 27% YoY to $21.6B, above $18.7B est., net profit up 479% to $521M, above $271M est., as the PC maker pushes into AI server markets — Lenovo Group (0992.HK) reported a better-than-expected 27% jump in quarterly revenue on Friday, as strong consumer demand …
Reuters: Internal memo: Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and focus on its key bets — Intuit (INTU.O) is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus …
Reuters: Russia's Sberbank says it hopes to use Chinese chips to power its flagship GigaChat AI model, as sanctions continue to block the country's access to hardware — Russia hopes to power its flagship GigaChat AI model with Chinese-made chips, Sberbank's CEO said during President Vladimir Putin's visit to China …
Zaheer Kachwala / Reuters: Epic says Fortnite has returned to Apple's App Store globally, after its US relaunch in 2025, signaling confidence in a favorable outcome in an ongoing lawsuit — Epic Games said on Tuesday its popular shooter title “Fortnite” has returned to global App Stores, as the videogame maker signaled confidence …
Reuters: Arkham: Iran's largest crypto exchange, Nobitex, processed $2.3B+ since 2023 via Tron and BNB Chain, including $23M+ since the Iran war started in February — Iran's Nobitex has processed at least $2.3 billion through Tron and BNB Chain, blockchain ledgers started by backers of the Trump family's World Liberty Financial.
Anirban Sen / Reuters: Sources: Kalshi has probed and flagged 400+ suspicious trades YTD, more than 2x the number it investigated in all of 2025; Polymarket has seen a similar uptick — Top prediction market platforms Kalshi and Polymarket have witnessed a surge in suspicious trades this year …
Hyunjoo Jin / Reuters: Sources detail friction between Samsung's memory and logic chip businesses over higher bonuses for memory chip workers, leading many to leave or apply elsewhere — A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government …
Reuters: The UK CMA launches an antitrust investigation into Microsoft's business software dominance, focusing on its bundling of Windows, Word, Teams, and other apps — Britain launched an antitrust investigation into Microsoft's (MSFT.O) dominance in business software that could lead to targeted action …
Max A. Cherney / Reuters: Filing: Jensen Huang's foundation bought $108.3M worth of AI computing time from CoreWeave and is donating it to universities and other nonprofit institutes — The foundation of Nvidia (NVDA.O) CEO Jensen Huang and his wife, Lori, is buying computing time from CoreWeave (CRWV.O) …