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SK Hynix overtakes Samsung to become South Korea's most valuable company after 340% stock surge

SK Hynix has surpassed Samsung Electronics to claim the title of South Korea's most valuable company, driven by explosive demand for high-bandwidth memory chips used in AI systems. The chipmaker's shares surged more than 340% this year, lifting its market capitalization to $1.35 trillion and ending Samsung's 25-year reign at the top since 2000.

Business7 sources

SK Hynix overtakes Samsung to become South Korea's most valuable company after 340% stock surge

Business7 sources

SanDisk proposes stacking HBF NAND beneath GPUs to tackle memory bottlenecks in AI systems

SanDisk has unveiled High-Bandwidth Flash (HBF), a memory architecture that stacks NAND flash directly beneath AI processors using advanced packaging. The technology could deliver up to 4 TB of storage capacity per stack, addressing HBM shortages and capacity constraints. While still in the patent stage, HBF represents a shift toward tiered memory solutions for AI workloads.

Technology2 sources

SanDisk proposes stacking HBF NAND beneath GPUs to tackle memory bottlenecks in AI systems

Technology2 sources

Nvidia RTX Spark redefines AI PC as on-device powerhouse challenging Apple and Qualcomm

Nvidia unveiled RTX Spark at Computex 2026, an ARM-based superchip combining a 20-core Grace CPU with Blackwell RTX GPU and up to 128GB unified memory. Built with Microsoft for Surface hardware, it positions itself as an on-device AI powerhouse for creators and gamers, directly challenging Apple Silicon and Qualcomm's Snapdragon in the premium laptop market.

Technology2 sources

Nvidia RTX Spark redefines AI PC as on-device powerhouse challenging Apple and Qualcomm

Technology2 sources

Reliance Industries bets big on AI infrastructure as Jio files India's largest IPO

Reliance Industries is transforming into Reliance 3.0 with a major push into artificial intelligence, filing for India's largest IPO through Jio Platforms. The company is building sovereign AI capabilities in Jamnagar with computing power equivalent to over 200,000 H100 GPUs, while expanding data centers and digital infrastructure to create a full-stack AI ecosystem for India.

Technology10 sources

Reliance Industries bets big on AI infrastructure as Jio files India's largest IPO

Technology10 sources

Intel hires former SK hynix chief Seok-Hee Lee to lead advanced packaging push for AI chips

Intel has appointed Seok-Hee Lee, former CEO of SK hynix and SK On, as executive vice president of Intel Foundry to oversee advanced packaging, system integration, and back-end technology development. The hire comes as Intel splits advanced packaging into a dedicated business unit, aiming to capture billions in revenue from hyperscaler customers building next-generation AI systems.

Business3 sources

Intel hires former SK hynix chief Seok-Hee Lee to lead advanced packaging push for AI chips

Business3 sources

Conservative organization plans nationwide protest against AI data centers on July 18

Humans First, a conservative organization, is organizing a nationwide protest against AI data centers on July 18, with rallies planned in at least 13 locations across five states. The group, led by Tea Party veteran Amy Kremer, claims grassroots conservatives are being ignored by Washington elites supporting big tech expansion.

Policy2 sources

Conservative organization plans nationwide protest against AI data centers on July 18

Policy2 sources

Meta signs AI computing deals with Crusoe for 1.6 gigawatts across Texas and Missouri sites

Meta has secured new agreements with data center developer Crusoe to obtain AI computing power at two facilities in Childress, Texas, and Warrenton, Missouri. The deals will provide roughly 1.6 gigawatts of capacity combined, underscoring how AI ambition is now measured in electricity rather than chips as tech giants race to lock in power for their AI infrastructure.

Business4 sources

Meta signs AI computing deals with Crusoe for 1.6 gigawatts across Texas and Missouri sites

Business4 sources

HIVE Digital Technologies lands $220M GPU cloud contract as Bitcoin miner pivots to AI

HIVE Digital Technologies secured a $220 million GPU cloud contract with Bell Canada and Cohere, marking its biggest AI infrastructure deal yet. The three-year agreement involves deploying 2,304 NVIDIA Grace Blackwell GPUs at a British Columbia data center, expected to add $70 million in annual recurring revenue as the company accelerates its transition from Bitcoin mining to high-performance computing.

Technology3 sources

HIVE Digital Technologies lands $220M GPU cloud contract as Bitcoin miner pivots to AI

Technology3 sources

General Intuition raising $300M at $2B valuation to train AI agents on gaming footage

General Intuition, the New York AI startup that rejected OpenAI's $500 million acquisition offer, is now raising $300 million at a $2 billion valuation. Backed by Jeff Bezos and Eric Schmidt, the company trains AI agents using Medal's dataset of 2 billion first-person gaming clips annually, offering a unique approach to teaching machines spatial-temporal reasoning.

Startups3 sources

General Intuition raising $300M at $2B valuation to train AI agents on gaming footage

Startups3 sources

FERC orders grid operators to fast-track AI data centers while shielding consumers from costs

The Federal Energy Regulatory Commission unanimously directed six major grid operators to expedite connections for AI data centers while ensuring regular consumers don't shoulder infrastructure costs. Grid operators have 60 days to justify current rules or file changes, and 30 days to report spare capacity as electricity demand from data centers threatens to triple by 2035.

Policy9 sources

FERC orders grid operators to fast-track AI data centers while shielding consumers from costs

Policy9 sources

Architect Labs raises $24M to challenge Broadcom and Marvell with AI-powered chip design

Palo Alto startup Architect Labs emerged from stealth with $24 million in seed funding to transform custom chip design using AI. The company aims to reduce the two-year timeline and hundreds of millions in costs currently required to design custom chips, directly challenging industry giants Broadcom and Marvell who generate tens of billions annually from this business.

Startups3 sources

Architect Labs raises $24M to challenge Broadcom and Marvell with AI-powered chip design

Startups3 sources

Iren AI infrastructure stock soars 493% as Jefferies sets $79 target on Microsoft, Nvidia deals

Jefferies initiated coverage on Iren with a buy rating and $79 price target, citing the company's transformation into a vertically integrated AI cloud provider. The former Bitcoin mining operation has surged 493% over the past year after securing $3.1 billion in annual recurring revenue from hyperscalers including Microsoft and Nvidia.

Business2 sources

Iren AI infrastructure stock soars 493% as Jefferies sets $79 target on Microsoft, Nvidia deals

Business2 sources

Midjourney Scanner promises MRI-quality scans in 60 seconds, but lacks FDA approval

Midjourney, the AI image generator company, unveiled its first hardware product: a full-body scanner using ultrasound technology that claims to deliver MRI-comparable results in about 60 seconds. CEO David Holz revealed plans for Midjourney Medical and a San Francisco spa housing the scanners. However, the device currently lacks FDA clearance and has no proven track record in medical diagnostics.

Health8 sources

Midjourney Scanner promises MRI-quality scans in 60 seconds, but lacks FDA approval

Health8 sources

Pixel Screenshots shifts from on-device AI to hybrid cloud processing with privacy safeguards

Google's Pixel Screenshots app is abandoning its exclusively on-device AI approach in favor of hybrid processing that includes cloud capabilities. Version 1.26.134.11 introduces cloud-based AI alongside local processing, using Google's Private AI Compute framework to maintain privacy. The shift mirrors similar moves by Magic Cue and Recorder apps, suggesting a broader strategy to enhance AI-powered features while addressing data privacy concerns.

Technology4 sources

Pixel Screenshots shifts from on-device AI to hybrid cloud processing with privacy safeguards

Technology4 sources

Rumble completes $767M Northern Data acquisition, rebrands to RUM Group and launches Quake AI

Rumble has completed its $767 million acquisition of Northern Data AG, gaining control of approximately 22,000 NVIDIA GPUs across nine data centers. The company is rebranding to RUM Group and launching Quake AI, a new business unit combining cloud infrastructure assets. With over 200 megawatts of unmonetized energy capacity, the move positions Rumble to compete directly with major cloud providers in AI services.

Technology2 sources

Rumble completes $767M Northern Data acquisition, rebrands to RUM Group and launches Quake AI

Technology2 sources

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