Latest Technology News
SpaceX and xAI Plan Orbital Data Centers to Tackle AI Power Crunch
Elon Musk announced SpaceX, merged with xAI, will launch data centers into Earth orbit to address surging AI electricity demands, as global data-center power use is projected to double to 1,000 TWh by decade's end. Starcloud and Google's Suncatcher project are also advancing space-based computing with prototype launches planned.
Experts note terrestrial energy constraints are pushing this innovation forward.
Swift Advances Shared Ledger for Tokenised Deposits to MVP Stage
Swift is building infrastructure for a shared ledger enabling 24/7 cross-border payments using tokenised deposits, with design completed by over 40 banks including JP Morgan and HSBC. The MVP is set to go live with real-world transactions this year, following a September 2025 announcement.
This blockchain solution aims for interoperability among institutions.
9fin Achieves Unicorn Status with $170M Series C Funding
UK data analytics firm 9fin raised $170 million in Series C funding led by HarbourVest, valuing it at over $1.3 billion. The funds will boost AI capabilities, expand datasets, and grow in the US, following a $50M Series B in 2024.
It has now raised over $250 million total.
Tesla Reports One of Worst Sales Quarters, Pivots to AI Future
Tesla posted disappointing EV sales, one of its worst quarters, amid Wall Street concerns despite emphasis on AI prospects. The company faces market challenges while tech stocks fluctuate with geopolitical tensions.
Investors await details on future strategies.
Microsoft Commits $10 Billion to AI Expansion in Japan
Microsoft is investing $10 billion in Japan to advance AI expansion, cybersecurity, and workforce technology training. This push aims to bolster Japan's tech infrastructure and capabilities.
The investment underscores growing AI focus in Asia.
China Sets Wind Power Record with 37 GW Installed in One Month
China installed 37 gigawatts of new wind power in a single month, equivalent to powering a country like Poland, amid rising fuel prices. The nation adds colossal turbines at a rate of two per hour, driving down renewable costs.
This scales clean energy production globally.
Google's Suncatcher Project Targets Space-Based Data Centers
Google's Suncatcher envisions an 81-satellite cluster for orbital data centers in partnership with Planet, with prototypes launching in 2027. It addresses Earth-bound power shortages for AI by harnessing space solar power.
Latency reduction via tight satellite formations is key.
Starcloud Demonstrates AI Computing from Space with Nvidia Chip
Starcloud ran Google's Gemini AI from its first spacecraft last fall using an Nvidia H100 chip, planning a more powerful launch in October. The tech counters terrestrial energy limits for data centers.
Power output remains modest at around 8 kilowatts initially.
NASA's Artemis II Advances Toward Moon Mission
NASA's Artemis II crew prepares to fire engines toward the moon following a successful launch. This marks progress in returning humans to lunar orbit.
The mission is part of broader space tech developments.
Apple Celebrates 50th Anniversary with Tech Legacy Spotlight
CNN reflects on Apple's 50 years, highlighting original products that revolutionized global communication. The milestone underscores the company's enduring tech impact.
Coverage ties into ongoing innovation narratives.
Fintech Highlights: Monzo, NatWest, and Polymarket Deals
Fintech news features Monzo, NatWest, ICE's investment in Polymarket at $8B valuation, and Pexa acquisition. ICE became exclusive distributor for Polymarket's event data after $1B infusion.
Deals expected to close in H2 2026.