Sources and data: billions in crypto went through Binance to Iranian regime-linked networks in the two years before the US-Iran war; Binance denies wrongdoing (Wall Street Journal)
AMD CEO Lisa Su projects the CPU market will grow over 35% annually through 2031, up from 3% to 4% historically, driven by AI inference and agentic AI demand (Cheng Ting-Fang/Nikkei Asia)
Sources: Nintendo asked partners and suppliers to assemble ~20M Switch 2 consoles by March 2027, ~20% above the 16.5M public sales outlook issued in early May (Takashi Mochizuki/Bloomberg)
AMD pledges to invest $10B+ in Taiwan's chip industry to expand partnerships and advanced chip packaging for AI, and begins making its next-gen Venice chips (Sherry Qin/Wall Street Journal)
A study conducted in the Phoenix metro area finds that waste heat from data centers can raise air temperatures in downwind neighborhoods by as much as 4°F (Tech Xplore)
Bengaluru-based Scapia, which offers travel-focused co-branded credit cards and an app, raised $63M led by GC, a source says at a $500M+ post-money valuation (Jagmeet Singh/TechCrunch)
Three precedent-setting court rulings in China have said that employers replacing workers with AI is voluntary cost-cutting that does not justify mass layoffs (Catie Edmondson/New York Times)