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AI & Enterprise
AMD to build 2 AI supercomputers in UK, invest $2 billion over five years
AMD will invest $2 billion in Britain over the next five years to build artificial intelligence supercomputer infrastructure. The company said funds will go to AI research programmes and supercomputer construction, including a first system, Zenith, at the University of Cambridge. A second system, Sunrise, will be co-developed with the UK Atomic Energy Authority and designed for fusion research. CEO Lisa Su said the investment will improve access to computing resources for Britain’s “sovereign AI.”
Crypto
Solana staking whale gains erased as holdings slide back to initial investment level
The value of assets held by a Solana (SOL) staking whale, once worth more than $300 million, has fallen back to about the initial investment as the market declined. On-chain data also shows large amounts moving to exchange deposit addresses, heightening concerns about additional selling pressure. Solana traded near $66, while spot flows showed a net inflow. Futures open interest rose, investment products saw outflows, and funding rates turned more negative.
Crypto
Strategy holds 4% of bitcoin's total supply, even small sales jolt market
Strategy held 843,706 bitcoins as of June 7, keeping the largest bitcoin position among listed companies. The holdings equal about 4% of bitcoin’s 21 million maximum supply. The company has spent $63.87 billion on purchases at an average price of $75,701, with the portfolio valued at $53.09 billion, 16% below cost. Investors also focused on a sale of 32 bitcoins disclosed to the SEC.
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Crypto
FTX founder Sam Bankman-Fried seeks official pardon from Trump administration
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Crypto
Peter Schiff criticises Strategy for buying 1,550 bitcoin, says BTC value per share falls
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Crypto
Bitcoin rebounds after breaking below $60,000; focus on AI funding shift and rate outlook
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Crypto
Bitcoin bottom call resurfaces as whales and retail investors step up accumulation
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Crypto
Shiba Inu lead developer Kusama resumes activity after weeks of silence, 'Focus' message draws attention
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Crypto
Strategy buys 1,550 bitcoin for $100 million, resumes net buying after selling 32
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Crypto
Dormant Shiba Inu whale reappears after a month, withdraws 400 billion SHIB to resume activity
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Crypto
Portnoy urges Strategy chair Saylor to buy more bitcoin after XRP, MSTR losses
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AI & Enterprise
Snowflake supplies AI agent platform to biopharma company Sanofi
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AI & Enterprise
Korea to launch cross-government research security response system, pushes new sensitive project category
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AI & Enterprise
LG CNS steps up AX business based on Anthropic's Claude after OpenAI
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Telecommunications & Media
KT conducts special network inspections ahead of World Cup opener
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Telecommunications & Media
Motorola launches moto g86 power 5G smartphone with up to 53 hours of use
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AI & Enterprise
Retriever raises pre-seed funding to speed development of AI-based security certification automation solution
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Fintech
KB Kookmin Bank holds event to mark expansion of KB Youth Club