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What is Starshield? SpaceX’s military Starlink explained

Uncertainty over who controls SpaceX’s military satellite system, Starshield, has drawn renewed attention, as restrictions on the technology hinder Ukraine’s defenses. Ukraine has accused SpaceX-owned Starlink of restricting its military-grade services, known as Starshield, as Russia intensified attacks on Kyiv. Officials in Kyiv said SpaceX had imposed restrictions on Starshield without advance notice, disrupting military…

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TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom

A TSMC logo is displayed on a wall in Hsinchu, Taiwan April 15, 2025. Ann Wang | Reuters Taiwan Semiconductor Manufacturing Co. on Thursday reported a record third-quarter profit that beat estimates, powered by an unrelenting global appetite for AI chips. Here are TSMC’s third-quarter results against LSEG SmartEstimates, which are weighted toward forecasts from…

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Asia tech rout, AI funding worries

A sell-off in global technology hardware stocks deepened Thursday, with Asian chipmakers tracking Wall Street losses as concerns over further Federal Reserve interest rate hikes, financing of artificial intelligence investments weigh on sentiment. South Korean chip giant SK Hynix plunged over 10%, while rival Samsung Electronics fell 7.1%. Other South Korean chip-related stocks also came…

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OpenAI sued by 8 states over ChatGPT safety concerns

Eight states filed lawsuits against OpenAI on Wednesday alleging that the artificial intelligence company’s ChatGPT chatbot is an unsafe product that’s harmed children and deceived parents. Iowa, Kansas, Nebraska, West Virginia, Arkansas, Arizona, Idaho and Montana have individually sued OpenAI in their own state courts, Iowa Attorney General Brenna Bird said in a release. She…

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Anduril tender offer values startup at $90 billion

The Anduril company logo is displayed on an exhibition hall during the Farnborough International Air Show 2026 at Farnborough International Exhibition Centre on July 20, 2026 in Farnborough, England. John Keeble | Getty Images Defense tech startup Anduril will give employees a chance to sell stock through a tender offer that would value the company…

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Bank of America hired 1,000 contractors to patch flaws

Bank of America has hired an army of external contractors to help it patch software vulnerabilities exposed by advanced artificial intelligence models including Anthropic’s Mythos, the bank’s CEO, Brian Moynihan, told CNBC on Wednesday. In an interview after the bank’s third-quarter earnings release, Moynihan said that earlier this year the company rushed to bolster a…

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