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Month: June 2026

Mach Industries quadruples to $1.8bn as the Pentagon’s drone-dominance push lifts every defence-tech valuation

Posted on June 2, 2026 By 164news66 No Comments on Mach Industries quadruples to $1.8bn as the Pentagon’s drone-dominance push lifts every defence-tech valuation

Huntington Beach Defense-Tech Startup Raises $300M Series C at $1.8B Valuation
A defense-tech startup in Huntington Beach, run by a 22-year-old MIT dropout, h…

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Vinted Ventures backs Tilt’s $26M live-commerce round as Whatnot pressure mounts

Posted on June 2, 2026 By 164news66 3 Comments on Vinted Ventures backs Tilt’s $26M live-commerce round as Whatnot pressure mounts

Tilt Secures $26M to Fortify Its Position Against Whatnot Expansion
Tilt, the London-based live-auction app founded by two early Revolut employees, has raised…

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ByteDance and Oracle are using Arm’s in-house AGI CPU, completing the hyperscaler-x86 exit

Posted on June 2, 2026 By 164news66 No Comments on ByteDance and Oracle are using Arm’s in-house AGI CPU, completing the hyperscaler-x86 exit

Arm CEO Confirms ByteDance and Oracle as Customers for In-House Data Center CPU
Arm chief executive René Haas confirmed at Computex on Monday that ByteDanc…

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SEALSQ takes majority of WeCan to build a post-quantum AI compliance co-pilot for private banks

Posted on June 2, 2026 By 164news66 No Comments on SEALSQ takes majority of WeCan to build a post-quantum AI compliance co-pilot for private banks

Swiss Firm SEALSQ Acquires Majority Stake in WeCan Group
SEALSQ, a Swiss post-quantum-crypto firm, has acquired a majority equity stake in WeCan Group, increa…

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Australia’s biggest bank says corporate AI is racking up bigger bills and producing ‘work slop’

Posted on June 2, 2026 By 164news66 No Comments on Australia’s biggest bank says corporate AI is racking up bigger bills and producing ‘work slop’

CBA CEO Warns of ‘Work Slop’ as AI Adoption Grows
Matt Comyn , chief executive of the Commonwealth Bank of Australia, used a speech on Monday to flag two AI-…

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Alphabet to raise $80bn in equity to fund its AI spending

Posted on June 2, 2026 By 164news66 No Comments on Alphabet to raise $80bn in equity to fund its AI spending

Alphabet Raises $80bn in Equity for AI Infrastructure
Alphabet is raising $80bn in equity, an unusually large sum for a company that has rarely needed to as…

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STMicroelectronics doubles its data-centre revenue forecast to $1bn

Posted on June 2, 2026 By 164news66 No Comments on STMicroelectronics doubles its data-centre revenue forecast to $1bn

STMicroelectronics Doubles Data Centre Revenue Expectations
STMicroelectronics has roughly doubled what it expects to make from data centres this year. The Fr…

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Former Meta CTO raises $250 million for climate tech as the rest of venture capital chases AI

Posted on June 1, 2026 By 164news66 No Comments on Former Meta CTO raises $250 million for climate tech as the rest of venture capital chases AI

Gigascale Capital Raises $250 Million Fund for Energy, Grid Infrastructure, and Critical Minerals Startups
Gigascale Capital, the venture firm led by former M…

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A WordPress plugin sold to 15,000 sites has a flaw that lets anyone create an admin account, and attackers are already using it

Posted on June 1, 2026 By 164news66 No Comments on A WordPress plugin sold to 15,000 sites has a flaw that lets anyone create an admin account, and attackers are already using it

A Critical Vulnerability in WP Maps Pro
A critical vulnerability in WP Maps Pro, a commercial WordPress plugin with more than 15,000 sales on the Envato Marke…

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IBM is up 30% in a month as Barclays says its software business is the antidote to the SaaSpocalypse

Posted on June 1, 2026 By 164news66 No Comments on IBM is up 30% in a month as Barclays says its software business is the antidote to the SaaSpocalypse

IBM Stock Soars 10% on Monday
IBM stock surged 10% on Monday after Barclays initiated coverage with an overweight rating and a $350 price target, roughly 11…

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