Author: precious

South Korea has unveiled plans for at least $880 billion (£666 billion) in investment to build out its chip manufacturing and artificial intelligence capabilities in the years ahead. The plan falls under what the government is calling its Three Mega Projects, covering new chip production hubs, data centres and robotics technology. President Lee Jae Myung announced on June 29 the plan is aimed at rejuvenating the economies of areas outside the capital, Seoul. Why Now Lee’s announcement comes as regional rivals including Taiwan, China and Japan pour money into chip factories and related technology, with the AI boom driving up…

Microsoft has built a new business dedicated to sending its own engineers directly into the business structure of its biggest customers. The goal is to prove that hands-on deployment can finally push enterprise AI adoption forward, especially at a moment when many companies still struggle to get real value from their AI investments. The new unit, Microsoft Frontier Company, launched with an initial $2.5 billion investment and is staffed by 6,000 industry and engineering experts. It will be led by Rodrigo Kede Lima, who was previously president of Microsoft Asia. How the Model Works Judson Althoff, CEO of Microsoft’s Commercial…

Europe’s highest court has dismissed Google’s last legal challenge to a €4.1 billion antitrust fine, closing an eight year legal battle over how the company used its Android operating system to protect the dominance of its search engine. The Court of Justice of the European Union announced the decision last week, with no further option and court to appeal to. The penalty, among the largest antitrust fines ever imposed on a technology company in Europe, is now final and enforceable. What Google Was Fined For The case traces back to 2018, when the European Commission accused Google of abusing its…

Tata Electronics, the Indian manufacturer that assembles roughly a third of the iPhones built in India and supplies semiconductor components to Tesla, has confirmed that hackers broke into its systems and published more than 630 gigabytes of company data online. The extortion group World Leaks claimed possession of more than 630GB of information spanning over 204,300 files. The group posted the archive on its dark web leak site on June 12, 2026. However, Tata confirmed the breach ten days later and said the intrusion had not disrupted its manufacturing operations. What the Stolen Files Contain Researchers who reviewed samples of…

OpenAI has proposed handing the United States government a 5% ownership stake in the company, a slice worth close to $42.6 billion based on its most recent $852 billion valuation, according to a Financial Times report. The idea, pitched by CEO Sam Altman, would not stop at OpenAI. It calls for other major American AI developers, including Anthropic, Google, and Meta, to hand over similar stakes into a shared public fund. The Alaska Model Altman is reportedly using the Alaska Permanent Fund (APF) as his template. Set up in 1976, the APF invests the state’s oil revenue and pays Alaskans…

Anthropic’s two most advanced AI models, Claude Fable 5 and Mythos 5, are finally back online after 19 days it was shut down. However, the bigger news remains what Anthropic had to give up to make that happen. How the Shutdown Started The trouble began just three days after Anthropic released Claude Fable 5 to the public on June 9, where the U.S. Department of Commerce ordered the company to cut off all access to foreign users, whether inside or outside the United States, citing national security concerns. The order followed a threat intelligence report from Amazon’s researchers claiming to…

South Korean chipmaker SK Hynix is initiating one of the largest share sales in Wall Street history, with plans to raise up to $29.4 billion through a new listing on the Nasdaq Global Select Market. The world’s second largest memory chipmaker plans to raise around $29 billion on the Nasdaq by issuing American depositary receipts, according to the firm’s regulatory filing, with trading expected to begin on July 10. If the deal prices at the top of its range, it would rank second only to SpaceX’s $85.7 billion raise earlier in June 2026, beating both Alibaba and Saudi Aramco on…

Samsung Group has committed roughly 1,000 trillion won ($648 billion) to a 10-year investment plan inside South Korea, marking what industry analysts are calling the biggest corporate spending pledge the country has ever recorded. The commitment was laid out during a national briefing led by President Lee Jae Myung on June 29, where Samsung Electronics Chairman Lee Jae yong joined SK Group Chairman Chey Tae Won to explain how the money will be spent. According to their brief, the bulk of it will be going toward semiconductor manufacturing and artificial intelligence (AI) infrastructure, two industries South Korea sees as central…

Oracle’s global workforce has shrunk by 21,000 people over the past year, a drop of nearly 13%, while the company raised its capital spending by 162% to $55.7 billion. This now puts Oracle’s headcount at 141,000 full-time employees as of May 31, down from 162,000 a year earlier. Oracle said the cuts stem in part from its AI rollout, stating that adoption of the technology across its operations “may continue to result in reductions to our workforce.” Restructuring costs tied to the cuts reached $1.8 billion for the year, up sharply from $374 million the year before, covering severance and…

More than 270,000 login credentials tied to World Cup ticketing and fan platforms have already been compromised, according to mobile security firm Zimperium, whose findings were published by security company Proton. The tournament has over two weeks to go, and fans still hunting for last minute seats are facing the same fraud tactics that have already caught thousands off guard. The FBI’s Internet Crime Complaint Center issued a public advisory on May 27 warning that cybercriminals were spoofing FIFA websites to steal personal information and sell fake tickets. Named PSA I-052726, the advisory named 36 specific spoofed FIFA domains, including…