Author: GT

AI memory demand has catapulted SK Hynix to a top position in the global DRAM market, overtaking longtime leader Samsung for the first time. According to Counterpoint Research data, SK Hynix captured 36% of the DRAM market in Q1 2025, compared to Samsung’s 34% share. HBM chips drive market shift The company’s achievement ends Samsung’s three-decade dominance in DRAM manufacturing and comes shortly after SK Hynix’s operating profit passed Samsung’s in Q4 2024. The company’s strategic focus on high-bandwidth memory (HBM) chips, essential components for artificial intelligence applications, has proven to be the decisive factor in the market shift. “The…

In 2020, when open source database Supabase was founded, its New Zealand-based CEO, Paul Copplestone, couldn’t have imagined it would be sitting in the sweet spot for 2025’s biggest trend: vibe coding.  But on Tuesday, the fruits of that became evident when it announced a $200 million Series D at a $2 billion post-money valuation led by Accel, with Coatue, Y Combinator, Craft Ventures, and longtime investor Felicis participating in the round, Fortune reported. This fresh $200 million comes just seven months after Supabase announced it raised $80 million led by Peak XV (a Sequoia spinoff) and David Sacks’ Craft…

China’s tech companies will drive adoption of the MCP (Model Context Protocol) standard that transforms AI assistants from simple chatbots into powerful digital helpers. MCP works like a universal connector that lets AI assistants interact directly with favourite apps and services – enabling them to make payments, book appointments, check maps, and access information on different platforms on users’ behalves. As reported by the South China Morning Post, companies like Ant Group, Alibaba Cloud, and Baidu are deploying MCP-based services and positioning AI agents as the next step, after chatbots and large language models. But will China’s MCP adoption truly…

Khloe Kardashian has formerly launched her new food company, Khloud, and its first product, a protein popcorn, set to hit Target starting April 29. Back in December, TechCrunch reported that Kardashian and her mother, Kris Jenner, were looking to raise at least $10 million for a business called Khloud. Jessica Bixby, an associate partner at K5 Global, which invested in the brand, said that it went on to raise an “oversubscribed $12 million round.”  Other investors include Serena Ventures, William Morris Endeavor (WME), and Shrug Capital. Khloud says its popcorn is crafted from whole-grain corn and that its “Khoud Dust,” a…

Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of Cantor Fitzgerald, is launching a listed bitcoin investment vehicle backed by SoftBank, Tether, and Bitfinex, the Financial Times first reported. The special purpose acquisition company (SPAC), dubbed Cantor Equity Partners, raised $200 million in January and will help form a new firm, 21 Capital, seeded with $3 billion in bitcoin (BTC) from the crypto heavyweights. The deal mirrors MicroStrategy’s bitcoin proxy model and would convert the BTC into equity at a valuation of $85,000 per coin. Cantor Fitzgerald is one of Tether’s custodians, holding the majority of its…

This might be the most hyped Tesla earnings in recent memory. And not for all the right reasons. Tesla has taken many hits this year as its CEO Elon Musk leans further into right-wing politics and oversees DOGE, the advisory body that President Trump has bestowed the power to slash federal spending.  For Tesla, that has meant watching both its stock price and global sales plummet. And that’s not even taking into account pressure from competitors in China, Europe, and North America. As Tesla bull and Morgan Stanley analyst Adam Jonas wrote in a note this morning, Tesla is facing…

LONDON (AP) — European Union watchdogs fined Apple and Meta hundreds of millions of euros Wednesday as they stepped up enforcement of the 27-nation bloc’s digital competition rules. The European Commission imposed a 500 million euro ($571 million) fine on Apple for preventing app makers from pointing users to cheaper options outside its App Store. The commission, which is the EU’s executive arm, also fined Meta Platforms 200 million euros because it forced Facebook and Instagram users to choose between seeing ads or paying to avoid them.The punishments were smaller than the blockbuster multibillion-euro fines that the commission has previously…

Futures bets against higher crypto prices lost over $500 million in the past 24 hours as a surge higher, buoyed by a possible cooldown of China tariffs by the U.S., led to the largest short liquidations since October. Bitcoin (BTC) rose from Tuesday’s low of $88,000 to above $93,500 in Asian morning hours, data shows, leading a jump in the broader market with ether (ETH), Cardano’s ADA and dogecoin (DOGE) up 14%. Solana’s SOL and XRP rose 7%, with all tokens in the top hundred by market cap in the green. Meanwhile, Sui Network’s SUI, UniSwap’s UNI and Near Protocol’s…

Drones and humanoids: China vs USA showdown Elon referenced a post he reposted on X that said something to the effect of “any country that cannot manufacture its own drones is doomed to be the vassal state of any country that can.” And, per Musk, “America cannot currently manufacture its own drones.” The comment was made in response to an analyst question about whether the U.S. or China was further ahead on the development of physical AI, specifically humanoids and drones. Musk noted that China makes 70% of all drones and anyone else has a dependency on China’s supply chain. …

Former employees of OpenAI are asking the top law enforcement officers in California and Delaware to stop the company from shifting control of its artificial intelligence technology from a nonprofit charity to a for-profit business.They’re concerned about what happens if the ChatGPT maker fulfills its ambition to build AI that outperforms humans, but is no longer accountable to its public mission to safeguard that technology from causing grievous harms.“Ultimately, I’m worried about who owns and controls this technology once it’s created,” said Page Hedley, a former policy and ethics adviser at OpenAI, in an interview with The Associated Press.Backed by…