Author: precious

I’m Precious Amusat, Phronews’ Content Writer. I conduct in-depth research and write on the latest developments in the tech industry, including trends in big tech, startups, cybersecurity, artificial intelligence and their global impacts. When I’m off the clock, you’ll find me cheering on women’s footy, curled up with a romance novel, or binge-watching crime thrillers.

Security researchers have identified an active, large-scale credential compromise campaign affecting Fortinet FortiGate firewalls, which has been dubbed FortiBleed. According to Hudson Rock, the dataset contains 73,932 unique firewall URLs across 194 countries and impacts 21,632 unique domains. The number of compromised devices stands at 86,644 as of June 19, 2026, according to data from SOCRadar. And the group behind it is still adding new victims. The dataset was surfaced on June 17, 2026 by security researcher Volodymyr “Bob” Diachenko and verified by Hudson Rock, SOCRadar, Arctic Wolf, and Kevin Beaumont. Among the organizations Hudson Rock says appear in the…

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Cybersecurity researchers at Cybernews recently discovered an exposed database containing roughly 24 billion stolen credential records, making it one of the largest collections of stolen login data ever found on the internet. The records, stored in more than 8.3 terabytes of data, included usernames, email addresses, plaintext passwords, and the login URLs the credentials were meant to unlock. The database was hosted on a publicly accessible Elasticsearch cluster, meaning anyone who knew where to look could browse its full contents without any login or authentication. After the original report was published, researchers learned that the dataset belonged to a threat…

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SpaceX has signed a computing power deal worth up to $6.3 billion with Reflection AI, the open-source artificial intelligence startup founded by former Google DeepMind researchers. Under the agreement, Reflection will pay $150 million per month beginning July 1, 2026, for access to Nvidia GB300 chips at SpaceX’s Colossus 2 data center near Memphis, Tennessee. The contract runs through the end of 2029, although both parties can exit with 90 days’ notice after the first three months. The deal adds Reflection to a growing list of outside companies renting compute capacity from SpaceX, following earlier agreements with Anthropic, Google, and…

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Groq has secured $650 million in new growth capital to accelerate the expansion of its AI inference cloud. The round was led by Disruptive and Infinitum, with participation from investors who elected to reinvest in the company. Six months after the company handed over its founder, president, and core engineering team to Nvidia in a deal worth roughly $20 billion, it is back under new leadership and betting everything on the one market it was originally built for. What Led to This In December 2025, Nvidia agreed to a non-exclusive license to Groq’s technology. Groq’s founder Jonathan Ross, who helped…

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New York Attorney General Letitia James has served OpenAI with a subpoena, acting on behalf of a coalition of 42 state attorneys general. The subpoena seeks documents covering OpenAI’s advertising practices, user engagement and retention strategies, handling of consumer and health data, its treatment of minors and seniors, use of deep learning models, model sycophancy, and internal company policies. AI Sycophancy, in this context, describes a chatbot that tells a user what they want to hear rather than what is true or safe. It is the broadest legal investigation any state government has opened against an AI company, and it…

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Google has fixed a security flaw in its Vertex AI cloud platform that lets attackers hijack a victim’s machine learning model uploads and run malicious code inside Google’s own infrastructure, without ever touching the victim’s account. What the Flaw Allowed The vulnerability lived inside the Vertex AI SDK for Python, the tool many developers use to build and upload machine learning models to Google Cloud. Palo Alto Networks’ Unit 42 named the technique “Pickle in the Middle.” An attacker needed only two things to pull it off, a Google Cloud project of their own and the victim’s project ID, a…

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Microsoft confirmed its June 2026 Patch Tuesday update on June 9, fixing dozens of Windows vulnerabilities. Hours later, a researcher already banned from GitHub published a new zero-day exploit targeting Microsoft Defender, marking the third consecutive month the researcher has timed a disclosure to Patch Tuesday, which is the day Microsoft ships its monthly batch of security fixes. What Happened On June 9, the researcher known as Nightmare Eclipse, who also posts as Chaotic Eclipse, published proof of concept code for a new Windows zero day named RoguePlanet. The exploit targets Microsoft Defender and works against fully patched Windows 10…

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Elon Musk’s net worth has crossed $1 trillion, making him the world’s first trillionaire. This comes a day after SpaceX went public for the first time and its stock began trading on Nasdaq. SpaceX initially priced its initial public offering (IPO) at $135 per share, selling 555.6 million shares and raising $85.7 billion. This offering valued the company at roughly $1.77 trillion, making it the largest IPO on record and surpassing Saudi Aramco’s $29 billion raise in 2019. And because Musk owns roughly 40 % of SpaceX, that stake alone immediately became worth hundreds of billions of dollars. This Status…

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Elon Musk’s SpaceX has agreed to buy Cursor, the artificial intelligence (AI) coding tool built by Anysphere, in an all-stock deal worth $60 billion. The agreement was confirmed in a securities filing on June 16, just days after SpaceX’s record breaking debut on the Nasdaq pushed the company’s valuation past $2 trillion. Cursor will become a wholly owned subsidiary of SpaceX once the deal closes, which the company expects to happen in the third quarter of 2026. The size of the deal alone makes it the largest acquisition of a venture backed startup on record. A Funding Round That Never…

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DeepSeek has closed its first outside funding round, raising more than $7.4 billion in a deal that values the Chinese AI lab at up to $59 billion. The round marks the first time the company has accepted money from anyone outside High-Flyer, the quantitative hedge fund founded by DeepSeek’s own founder, Liang Wenfeng. The round took in roughly 50 billion yuan and places DeepSeek among the largest privately funded technology companies in China. It also ends, at least for now, the lab’s reputation for staying away from outside capital even as rival AI companies chase larger checks. An Unusual Way…

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