Technology

SK Hynix Launches $28 Billion Nasdaq Share Sale, Its First US Listing

SK Hynix, Nvidia's top supplier of high-bandwidth memory, is selling roughly $28 billion of Nasdaq ADRs under the ticker SKHY, in an offering that ran more than seven times oversubscribed.

Technology

Fidji Simo Steps Down From Full-Time OpenAI Role, Becomes Part-Time Adviser

Fidji Simo, OpenAI's CEO of Applications and its No. 2 executive, is stepping down from her full-time role after a three-month medical leave for a chronic illness, moving to a part-time advisory role as three executives absorb her duties.

Daily Roundup

The Daily Roundup: Air Jordan 7 'Miro' Returns, World Cup Quarterfinals Open With Morocco-France, Jermaine Dupri Sues Sony, and Agility Robotics' $2.5B SPAC — July 9, 2026

The Air Jordan 7 "Miro" returns July 10 at $255, the World Cup quarterfinals open with Morocco vs. France, Jermaine Dupri sues Sony Music for $18 million, and Agility Robotics heads to Nasdaq via a $2.5 billion SPAC.

Technology

Agility Robotics to Go Public in $2.5 Billion SPAC Deal With Churchill Capital

Agility Robotics, maker of the Digit warehouse robot, will merge with Michael Klein's Churchill Capital Corp XI at a $2.5 billion valuation, becoming the first pure-play humanoid robotics company to trade publicly in the US.

Daily Roundup

The Daily Roundup: World Cup Quarterfinals Open With France-Morocco, LeBron Leaves the Lakers, Norm Hits $1.2B, and the Converse x EDGLRD Chuck 70 — July 8, 2026

The World Cup 2026 quarterfinals open Thursday with France vs Morocco, LeBron James tells the Lakers he is leaving, and AI law firm Norm raises $120M at a $1.2B valuation.

Technology

Even Realities Raises $150M at $1B Valuation for Camera-Free AI Glasses

Even Realities, the ex-Apple team behind camera-free display glasses, raised $150 million at a $1 billion valuation led by Meituan and Tencent — its bet against Meta's camera-first Ray-Bans.

Daily Roundup

The Daily Roundup: Nike G.T. Cut 4 'EYBL' Drops at $210, World Cup Round of 16 Wraps, Wimbledon Quarterfinals Begin, and OpenAI Offers the US a 5% Stake — July 7, 2026

Nike's G.T. Cut 4 'EYBL' drops today at $210, the World Cup Round of 16 closes with Argentina-Egypt and Switzerland-Colombia as Wimbledon's quarterfinals begin, and OpenAI floats giving the US government a 5% stake.

Technology

Microsoft Cuts 4,800 Jobs in an Xbox Reset, Says the Roles Aren't Being Replaced by AI

Microsoft is cutting about 4,800 jobs, some 3,200 in gaming, and spinning off four Xbox studios, insisting the eliminated roles are not being replaced by AI.

Daily Roundup

The Daily Roundup: 7-Eleven Sues Nike Over the Air Max 95, NBA Free Agency Reshapes the East, Essence Fest Wraps, and AI Funding Hits a Record $510B — July 6, 2026

7-Eleven sues Nike and forces the Air Max 95 Big Bubble off SNKRS, Jaylen Brown lands in Philadelphia as Kawhi Leonard returns to Toronto, and global startup funding hits a record $510 billion in the first half of 2026.

Technology

Together AI Hits $8.3 Billion Valuation With $800 Million Aramco-Led Series C

Together AI raised $800 million in a Series C led by Aramco Ventures, lifting the AI cloud provider to an $8.3 billion valuation as demand for open-source model hosting surges.

Daily Roundup

The Daily Roundup: Air Jordan 7 Miro, World Cup Quarterfinals, Beyoncé's 'Morning Dew,' and Mistral AI — July 5, 2026

The World Cup 2026 quarterfinals are set as France, Morocco, and Argentina advance, Wimbledon reaches the round of 16, and the Air Jordan 7 'Miro' returns July 10 at $255 in its first U.S. release.

Technology

Onsemi to Acquire Synaptics for $7 Billion in All-Stock Deal

ON Semiconductor agreed to acquire Synaptics for about $7 billion in an all-stock deal, its largest ever, combining its power and sensing chips with Synaptics' edge-AI processors to push into physical AI.