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News
Oracle Shares Jump on $664B AI Cloud Backlog
5+ hour, 43+ min ago (283+ words) Oracle shares rose nearly 8% in extended trading on September 10 after the company reported booking more than $30 billion in additional AI cloud contracts during the first quarter of fiscal 2027, lifting remaining performance obligations to $664 billion. The backlog was up $209 billion from…...
Alessio Vinassa Unveils an Emerging Technology Investment Approach Shaped by Financial Challenges
3+ day, 9+ hour ago (641+ words) Dubai, United Arab Emirates, September 10th, 2026, Chainwire Alessio reached a point where approximately €180,000 was due while only about €2,200 remained in his bank account. The situation left him facing the possibility of bankruptcy and forced him to confront the consequences of growth…...
ASML Targets Larger High-NA EUV Chips for AI
4+ day, 28+ min ago (473+ words) According to a September 7 report from Reuters, ASML plans to work with major chipmakers to adapt its High-NA EUV lithography tools for the large data-centre processors being designed by Nvidia and others. High-NA EUV tools currently have a smaller mask…...
Qualcomm Stock Rises on Amazon AI Chip Warrant Deal
4+ day, 3+ hour ago (98+ words) Amazon and Qualcomm will develop customised silicon for AWS AI data centres, with the initial focus on AI inference, Qualcomm said. Optical-connectivity solutions are also part of the collaboration, extending to 1.6T and future generations. Qualcomm called the arrangement multi-generational. Its…...
Bybit AI Is Live: One Intelligent Conversational Layer to Redefine Financial Experience
4+ day, 8+ hour ago (241+ words) DUBAI, UAE, Sept. 9, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced the official launch of Bybit AI, a conversational assistant that unifies the exchange's core services, starting with trading and customer support, within a single chat interface…...
Router Protocol to Shut Down, Burn 303M ROUTE Tokens
5+ day, 1+ hour ago (585+ words) Router Protocol said it will cease all operations by September 30, 2026, after efforts to commercialize, license or sell its technology failed. The shutdown will include a planned permanent burn of 303,333,198 ROUTE tokens from the project’s treasury, equal to roughly 30% of the…...
Wistron Raises $1.47B for Nvidia AI Supply Purchases
5+ day, 3+ hour ago (232+ words) The $58.88 price implies gross proceeds of approximately $1.47 billion from the 25 million GDRs. Wistron said the money would be used for raw-material purchases denominated in foreign currencies. That stated use aligns the financing with the company’s manufacturing supply needs as it…...
Harmony Proposes Layer 1 Shutdown and ONE Ethereum Move
5+ day, 9+ hour ago (192+ words) Harmony announced on September 6 that it plans to sunset its Layer 1 blockchain and move ONE to Ethereum, citing security threats from state actors and AI agents. The proposal would replace existing balances with matching ERC-20 ONE tokens on Ethereum, but…...
Moonshot AI Files Confidentially for Hong Kong IPO
6+ day, 1+ hour ago (235+ words) Moonshot AI confidentially filed an application for a Hong Kong initial public offering on September 4, according to sources cited by Reuters. The sources said the Chinese AI company was targeting about $3 billion in proceeds, although the filing is not publicly…...
Foxconn August Sales Reach $29.14B on AI Server Demand
6+ day, 3+ hour ago (367+ words) Hon Hai Precision Industry, globally known as Foxconn, reported consolidated August 2026 sales of NT$921.77 billion (US$29.14 billion), up 51.98% from a year earlier. August was the company’s strongest-ever August and its second-highest monthly sales result, trailing July’s NT$946.51 billion, according to…...