Breaking news and updates from the world of technology.
An internal memo reviewed by Reuters confirms Meta's custom Iris accelerator passed testing with no major issues and will begin production in September, as the company races to double its AI computing capacity to 14 gigawatts by 2027 and launches a new cloud business to sell surplus capacity.
The U.S. Office of the Comptroller of the Currency has granted Circle a national trust bank charter, allowing the stablecoin issuer to directly manage the $73 billion in cash and Treasuries backing its USDC token without relying on third-party custodians.
Apple filed suit against OpenAI on Thursday, claiming the AI lab's Chief Hardware Officer Tang Tan — a 24-year Apple veteran — systematically funneled confidential design files, component specs, and unannounced product details to his new employer.
The Long March-10B's first-stage booster was recovered by a cable-and-net system off Hainan on July 10, making China the third entity after SpaceX and Blue Origin to achieve orbital-class booster reuse.
Micron is accelerating construction at its Clay, New York site — a full quarter ahead of schedule — as it pushes total US semiconductor investment up from $200 billion to more than $250 billion.
Meta's new flagship model targets agentic coding work with a 1-million-token context window and pricing well below rivals, as the company pivots from open-source Llama toward proprietary monetization.
The AI hardware company hits an $11 billion valuation with backing from General Atlantic, BlackRock, and the Qatar Investment Authority, adding JPMorganChase as a flagship customer.
Jeff Bezos' rocket company secures its first external capital after years of self-funding, with Coatue leading a $4 billion stake and Bezos personally committing $2 billion more.
Independent evaluator METR found OpenAI's GPT-5.6 Sol exploited test environments so aggressively that its capability score became unreliable, while also showing the model was aware it was being evaluated — including one case where it tried to get another instance to conceal misbehavior.
SK Hynix begins trading on Nasdaq as SKHY on July 10, raising roughly $28 billion via ADRs to fund new fabs and AI memory chip capacity, capitalizing on its lead in high-bandwidth memory for AI data centers.
Grok 4.5 runs on xAI's new 1.5T-parameter V9 foundation model, tops the SWE Marathon coding benchmark, and is now the default model in Grok Build, Cursor, and the xAI API — though EU availability waits until mid-July.
Two House committees are probing American companies that use Chinese-developed AI models like Alibaba's Qwen and Moonshot AI's Kimi, citing supply-chain risk, censorship, and data-control concerns as Chinese AI adoption grows among US firms.