The Micron HBM supply crunch has redrawn the map of American tech, briefly lifting Micron Technology past the market valuations of Meta and Tesla before the stock settled back. By Friday’s close, Micron carried a market capitalisation of $1.27 trillion, with Meta at $1.39 trillion and Tesla at $1.42 trillion. The share price tells the underlying story more directly. Micron closed Friday at $1,132, having risen more than 236% in the past month alone. Before mid-2025, it had spent years trading below $100. What the Micron HBM Supply Crunch Actually Looks Like in Numbers The proximate cause is a structural…
Author: Funke Adeyemi
Funke Adeyemi
Funke Adeyemi spent a decade in corporate banking and fintech before moving to business journalism. She started in trade finance at a major UK bank, moved to a payments company scaling into African markets, and spent her last role leading partnerships at a cross-border remittance platform. She writes about business strategy, fintech, digital banking, and the corporate news that moves markets. She is interested in how companies actually make money rather than how they describe making money in investor presentations. Funke lives in South London. She reads earnings calls the way other people listen to podcasts, and finds them about as reliable.
India UPI AI growth is the central bet Dilip Asbe is placing on the next phase of the country’s digital payments story, with the head of the National Payments Corporation of India (NPCI) arguing that artificial intelligence will be the mechanism that carries the Unified Payments Interface from 750 million daily transactions to beyond one billion. Asbe, who serves as NPCI’s managing director and chief executive, made the case during an interview at Mumbai Tech Week 2026. He identified three areas where AI would carry the most weight: reaching new users, detecting fraud and money mules, and extending credit to…
Paul Meade joins OpenAI’s hardware unit after spending seven years leading Apple’s Vision Pro programme, according to Bloomberg, in a move that hands one of Silicon Valley’s sharpest hardware minds to the company already assembling the most-watched AI device project in the industry.Meade is expected to leave Apple by next week before taking up his new role on OpenAI’s hardware team, where he will work on the company’s forthcoming family of AI-powered devices.What Meade Leaves Behind at AppleInside Apple, Meade ran a unit known as the Vision Products Group (VPG), a team whose remit extended well beyond the Vision Pro…
When Conno Christou’s final PET scan came back ambiguous, his oncologist began discussing radiotherapy close to his heart and lungs. What stopped that from happening was using AI for cancer imaging review: a general-purpose chatbot that flagged a rarely-discussed phenomenon and, Christou says, almost certainly spared him from unnecessary treatment. That is where the story ends. It starts, as these stories often do, with a piece of luck so backhanded it barely feels like luck at all. A Tumour Found by Accident Christou, 35, is a founder who treats his body as a system to be optimised. He tracks his…
Two weeks after a sweeping export control order forced Anthropic to pull its most powerful cybersecurity models from the market, the Trump administration has restored Anthropic Mythos 5 access for more than 100 specific US government agencies and companies, including permission for non-American employees at those organisations to use the model. Commerce Secretary Howard Lutnick sent a letter to Anthropic’s chief compute officer Tom Brown on Friday confirming the partial reversal. ‘I have determined that appropriate safeguards are in place to permit certain trusted partners to access the Claude Mythos 5 Model,’ Lutnick wrote, according to the letter seen by…
The GPT-5.6 Sol rollout has launched under an unusual constraint: OpenAI is initially making its most capable new model available only to a select group of partners, after the US government asked for early access ahead of a broader release. The company is not pretending to be happy about it. ‘We don’t believe this kind of government access process should become the long-term default,’ OpenAI wrote in a Friday blog post. ‘It keeps the best tools from users, developers, enterprises, cyber defenders, and global partners who need them.’ OpenAI framed the restricted preview as a short-term step while it works…
Aseon Labs robotaxi pods may look like oversized parking bays, but the Redwood City startup argues they solve one of the most stubborn cost problems in autonomous transport: the empty miles that bleed robotaxi operators dry. The company has raised $10 million in a seed round to prove the concept works at scale. Aseon Labs Robotaxi Pods and the Deadhead Problem Anyone who has watched a driverless Waymo glide through San Francisco heading nowhere in particular has seen the problem up close. “Deadhead miles” (the industry term for kilometres driven without a paying passenger) accumulate every time a robotaxi travels…
The GPT 5.6 limited release will look nothing like a typical OpenAI product launch. Rather than distributing the model broadly, OpenAI plans to share it only with a select group of close partners during a preview period, after the Trump administration asked the company to hold back, according to reporting by The Information. At a staff meeting this week, chief executive Sam Altman told employees that the government would be ‘approving access customer by customer’ during the preview window. If that phase goes smoothly, Altman reportedly said OpenAI hopes to follow with a general release ‘a couple of weeks later.’…
Base Power’s Illinois expansion marks the Austin-based startup’s first move into PJM Interconnection territory, the largest grid operator in the United States by landmass and arguably the one under the most acute strain. The company began selling its home battery systems to Illinois residents this week, offering electricity rates priced 25% below those of incumbent utility ComEd. Base Power’s Illinois Expansion and the PJM Opportunity PJM’s footprint runs from Illinois to Northern Virginia, a corridor that has absorbed an extraordinary volume of new data centre demand. The concentration in Northern Virginia alone makes it one of the densest data centre…
Getting a GPU cluster online is one thing. Getting it profitable is another. The Netris Series A funding round, a $15 million raise led by Andreessen Horowitz (a16z), is a bet that the unglamorous plumbing between those two moments is where real money will be made. Netris, headquartered in Santa Clara and co-founded by CEO Alex Saroyan, Arsen Arakelyan, and Tigran Martirosyan, all longtime network engineers according to Forbes, sells software that automates the setup, configuration, and ongoing operations of the networks inside GPU data centres. Its platform, formally named NAAM (Network Automation, Abstraction and Multi-Tenancy), is positioned by the…
