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Breaking news and updates from the world of technology.
TSMC's June revenue jumps 68% as AI chip demand outstrips supply
Computers & Hardware

TSMC's June revenue jumps 68% as AI chip demand outstrips supply

Taiwan Semiconductor Manufacturing Co. reported June revenue of NT$398.27 billion, up 67.9% year-over-year, with first-half 2026 revenue up 35.6% as demand for advanced AI processors continues to exceed the company's production capacity.

Euronews
semiconductorsmanufacturing
PixVerse closes $439M Series C extension with Alibaba backing
Artificial Intelligence

PixVerse closes $439M Series C extension with Alibaba backing

Singapore-based video-generation startup PixVerse has raised $439 million in a Series C extension, crossing a $2 billion valuation as it prepares new model lines for consumers, filmmakers, and game developers.

TechCrunch
fundingvideo-generation
FAA clears SpaceX to fly Starship again after May booster failure
Space & Exploration

FAA clears SpaceX to fly Starship again after May booster failure

The FAA has cleared SpaceX to resume Starship test flights after concluding its investigation into the May 22 Super Heavy booster failure, with the next launch possible as soon as Thursday, July 16 — the company's first Starship flight since going public.

TechCrunch
spacexstarlink
LAPD lets its Flock surveillance camera contract expire over civil liberties concerns
Privacy & Data

LAPD lets its Flock surveillance camera contract expire over civil liberties concerns

The Los Angeles Police Department, the nation's third-largest police force, allowed its three-year contract with license-plate-reader company Flock Safety to lapse on July 13, citing unresolved privacy and civil rights issues — joining a growing list of cities cutting ties with the surveillance vendor.

TechCrunch
privacysurveillance
xAI's Grok Build CLI silently uploads entire codebases, secrets included, researcher shows
Security

xAI's Grok Build CLI silently uploads entire codebases, secrets included, researcher shows

A wire-level analysis found that Grok Build, xAI's coding CLI, ships a full git bundle of a developer's workspace to a Google Cloud Storage bucket in the background — including files the AI never read and .env secrets left unredacted, independent of the tool's training opt-out setting.

cereblab (independent security research)
developer toolsprivacy