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News
Oracle Shares Jump on $664B AI Cloud Backlog
22+ hour, 49+ 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
4+ day, 2+ 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…...
Qualcomm Stock Rises on Amazon AI Chip Warrant Deal
4+ day, 20+ 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
5+ day, 2+ 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, 18+ 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, 20+ 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
6+ day, 2+ 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, 18+ 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, 20+ 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…...
TCS Targets $7.41B Telangana AI Data Center Campus
6+ day, 20+ hour ago (353+ words) TCS subsidiary HyperVault and its partners said on September 6 they plan to invest up to INR 700 billion ($7.41 billion) in a phased 1-gigawatt AI data-center campus in Telangana, India. The announcement gives the platform a specific large-scale site development after TCS…...