A 10%+ surge in Seoul trading on Wednesday pushed the Korean memory firm past $1 trillion, making it the third chipmaker after Nvidia and TSMC to cross the line. SK Hynix’s market capitalisation pushed through $1 trillion in Seoul trading on Wednesday …
NVIDIA chief executive Jensen Huang told a Taipei audience at Computex 2026 on Wednesday that Taiwan is the “epicentre” of the AI revolution, and that the company’s annual spending on the island will reach roughly $150bn a year. The number, the highest…
The Tech Sovereignty Package arrives on Wednesday, but the EU is still arguing internally over what ‘digital sovereignty’ should actually require. The European Commission is preparing to publish its Tech Sovereignty Package on Wednesday afternoon, the …
The Dutch government has imposed a “complete prohibition” on the acquisition of Solvinity, a Dutch cloud provider, by Kyndryl, the American IT infrastructure company spun out of IBM in 2021. The deal, valued at roughly €100 million, would have given a …
Drew Houston, the co-founder who built Dropbox from a Y Combinator demo into a company with more than 700 million registered users, is stepping down as chief executive. Ashraf Alkarmi, Dropbox’s current head of product, has been named co-CEO effectiv…
The proposal expected to be announced on Wednesday would leave Starlink and Amazon’s Kuiper able to bid only for the remaining third of the bloc’s 2 GHz mobile-satellite band. The European Commission is preparing to reserve two-thirds of the bloc’s fut…
Stord, a logistics technology company that helps retailers manage inventory, checkout, and fulfillment, has raised $250 million in a Series F round that values the company at $3 billion. The round was led by Strike Capital with participation from Found…
Elon Musk’s xAI has told employees to limit their contact with staff from Cursor , the AI coding startup that SpaceX has an option to acquire for $60 billion. The directive came from James Burnham, xAI’s general counsel and former chief lawyer at the…
Spotify began testing a new content format on Tuesday: narrated long-form magazine articles, slotted in alongside audiobooks rather than podcasts. The launch announced from the company’s newsroom on Tuesday morning, includes more than 650 English-langu…
Quantinuum, the quantum-computing company majority-owned by Honeywell, is targeting a valuation of $12.7bn in its US IPO, according to a Reuters report on Tuesday, a level materially below the $20bn-plus figure that circulated earlier in May when the c…