Bain confirms 14% stake in Kioxia through SK Hynix vehicle as $15B exit winds down

The post Singapore investment giant Temasek to shun crypto in pivot to AI appeared on BitcoinEthereumNews.com. Singapore’s state-owned investment firm, Temasek Holdings, said it will prioritize AI investments over crypto due to regulatory uncertainty and the lingering impact of a $275 million write-off from the collapse of crypto exchange FTX in 2022. The firm, with an investment portfolio valued around 518 billion Singapore dollars ($400 billion), plans to increase its AI exposure from 6% of its portfolio in the first quarter of 2026 to 15% by 2031, Nagi Hamiyeh, president of Temasek Global Investments, told CNBC on Wednesday The AI investment cycle has just begun and will continue for decades, he said, while cautioning that valuations in some parts of the industry have run ahead of fundamentals. Temasek, the state’s largest investment vehicle after GIC Private Ltd., is still dealing with the hit it took following the collapse of FTX. That implosion and other failures exposed weak con

The post Why Memory Stocks Cracked First in the AI Hardware Selloff appeared on BitcoinEthereumNews.com. The AI trade didn’t break where most people expected. It didn’t start with GPUs or server OEMs. It cracked at memory. SanDisk’s NAND franchise found itself front and center as sellers rushed out of anything tied to bits and wafers. Micron slid alongside it. And the move didn’t come out of thin air — it came right after Korea’s shock session that rattled global semis. Here’s why memory suddenly looked like the weak link in AI hardware, what actually changed under the surface, and how to keep your risk sane when this part of the stack gets loud. Point Details Global trigger On June 23, South Korea’s KOSPI plunged nearly 10%, halting trade; Samsung Electronics and SK Hynix each fell more than 12% that session (The Washington Post). U.S. follow-through SanDisk-linked and Micron names were reported down more than 13% at the close as the memory selloff spread f

SpaceXAI has launched Grok 4.5, pitching the model to developers and enterprises trying to control the rising cost of AI-assisted software development. In a statement, the company said the model is priced at $2 per million input tokens and $6 per million output tokens. It said the model is built for coding and agentic work, runs at 80 tokens per second, and uses fewer tokens than comparable models on some software engineering tasks. Grok 4.5 is available through the SpaceXAI console and Grok Build. It is also available in Cursor, the AI coding tool made by Anysphere, giving SpaceXAI a route into a development environment already used by programmers rather than only competing through an API. SpaceXAI said EU availability is expected in mid-July. In June, SpaceX, which owns SpaceXAI, said it was buying Anysphere, the startup behind Cursor, in a deal aimed at strengthening its position in enterprise AI tools. In a separate statement, Cursor said that Grok 4.5 was trained jointly with Spac

SpaceXAI has launched Grok 4.5, pitching the model to developers and enterprises trying to control the rising cost of AI-assisted software development. In a statement, the company said the model is priced at $2 per million input tokens and $6 per million output tokens. It said the model is built for coding and agentic work, runs at 80 tokens per second, and uses fewer tokens than comparable models on some software engineering tasks. Grok 4.5 is available through the SpaceXAI console and Grok Build. It is also available in Cursor, the AI coding tool made by Anysphere, giving SpaceXAI a route into a development environment already used by programmers rather than only competing through an API. SpaceXAI said EU availability is expected in mid-July. In June, SpaceX, which owns SpaceXAI, said it was buying Anysphere, the startup behind Cursor, in a deal aimed at strengthening its position in enterprise AI tools. In a separate statement, Cursor said that Grok 4.5 was trained jointly with Spac

SK Hynix's Nasdaq listing could redefine global investment dynamics, challenging competitors and potentially inspiring more Korean dual listings. The post SK Hynix NASDAQ listing could be second-largest equity offering ever, trailing only SpaceX appeared first on Crypto Briefing.

June 23 selloff hit memory leaders as Korea’s KOSPI plunged nearly 10% and U.S. names slid 13%. AI demand stayed hot, but pricing power blinked. Here’s what changed.

Several NHS hospitals are preparing to use an AI-powered blood test to help assess women referred for possible womb cancer before invasive checks are carried out. According to The Guardian, around 90,000 postmenopausal women in England are referred by GPs each year for checks after experiencing heavy bleeding. About 10,000 women are diagnosed with womb […] The post NHS AI blood test could reduce invasive womb cancer checks appeared first on AI News.

The post Dow Jones futures advance due to tech, AI rally appeared on BitcoinEthereumNews.com. Dow Jones futures gain 0.17% to trade around 52,710 during European trading hours on Thursday. Meanwhile, S&P 500 futures and Nasdaq 100 futures advance 0.34% and 0.74%, trading near 7,550 and 29,690, respectively. US stock futures rise amid a sharp bounce in tech and AI sectors. Tech futures jumped on reports that Beijing will allow top Chinese AI firms to purchase a limited supply of Nvidia’s H200 chips. Chinese officials have recently informed major players, including Alibaba, ByteDance, and DeepSeek, that they may soon receive the necessary green light to procure the processors. However, traders worry that elevated energy prices could reignite inflation, potentially forcing the Federal Reserve (Fed) into an earlier-than-expected rate hike. This follows a down Wednesday where the Dow Jones and S&P 500 fell 1.09% and 0.28%, dragged down by materials, financials, and real estate, while the Na