Nearly a million investors lost $3.8 billion on the Trump memecoin. Trump made $636 million.
Nearly a million investors lost $3.8 billion on the Trump memecoin. Trump made $636 million.

Nearly a million people who bought President Donald Trump’s $TRUMP memecoin have collectively lost $3.81 billion, according to an analysis by blockchain analytics firm Nansen. The data, which covers all transactions through the end of June, found that …

The chip industry has a warning for Trump: hands off the memory market
The chip industry has a warning for Trump: hands off the memory market

The memory shortage has become a political problem in Washington. Now the chip industry has a message for the Trump administration: leave the market alone, or the squeeze gets worse. The warning came in a letter from SEMI, a semiconductor industry grou…

The chip industry has a warning for Trump: hands off the memory market
The chip industry has a warning for Trump: hands off the memory market

The memory shortage has become a political problem in Washington. Now the chip industry has a message for the Trump administration: leave the market alone, or the squeeze gets worse. The warning came in a letter from SEMI, a semiconductor industry grou…

Investors sue Oracle, say it hid how shaky the OpenAI deal was
Investors sue Oracle, say it hid how shaky the OpenAI deal was

The strain inside the AI boom’s biggest infrastructure bet has reached a courtroom. Oracle’s own investors are suing, saying the company hid how shaky its $300bn deal with OpenAI really was. A Michigan public pension fund, the City of Sterling Heights …

Weave’s $7,999 Isaac 1 bets home robots don’t need legs or fingers
Weave’s $7,999 Isaac 1 bets home robots don’t need legs or fingers

The robot butler has been five years away for about twenty years. Weave Robotics thinks the trick is to aim lower. Its new home robot, Isaac 1, does not walk, has no fingers, and mostly just wants to do your laundry. It also costs a fraction of its hum…

The emails that broke Anthropic and the Pentagon apart
The emails that broke Anthropic and the Pentagon apart

For months, the fight between Anthropic and the Pentagon looked like a row over access to Claude. Court documents released this week suggest it was about something bigger: who decides how the US military uses frontier AI. The emails came out on Tuesday…

Zoom buys Common Room to push past the video call into AI sales
Zoom buys Common Room to push past the video call into AI sales

Zoom made its name on the video call. Now it wants to own everything that happens before the call too. The company is buying Common Room, a Seattle startup whose AI reads the buying signals of potential customers, pushing Zoom deeper into enterprise sa…

Palmer Luckey’s Erebor bank eyes an $8bn valuation as deposits quadruple
Palmer Luckey’s Erebor bank eyes an $8bn valuation as deposits quadruple

A bank that barely existed a year ago is now chasing a valuation most European lenders can only dream of. Erebor was founded by Anduril’s Palmer Luckey and backed by Peter Thiel. It is in talks to raise at a valuation of at least $8bn, and its deposits…

Amazon says it finally has enough satellites to switch on its Starlink rival
Amazon says it finally has enough satellites to switch on its Starlink rival

Amazon has finally reached the starting line in the satellite-internet race. It says it now has enough spacecraft in orbit to switch on its Leo broadband network later this year. The target is clear: Elon Musk’s Starlink. An overnight launch on 2 July …

A rocket motor blew up at Anduril’s Mississippi test site. The defence darling says it’s routine
A rocket motor blew up at Anduril’s Mississippi test site. The defence darling says it’s routine

Anduril has become the poster child for a faster, software-speed kind of defence contractor. Last Friday, one of its rocket motors blew up on a test stand in Mississippi. The blast is a small setback that carries an outsized message about how hard buil…