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Tech shares slide as investors question returns on AI spending
Original report: date unavailable
US technology shares fell for a second session as hefty AI investment plans collided with disappointing earnings and operating figures. Intel and Reddit suffered steep losses, while investors scrutinised whether spending by major technology companies would deliver sufficient returns.
Technology
Analytics Firms Link Reported $6.3bn Binance Theft to North Korean Hackers
Original report: date unavailable
TRM Labs and Chainalysis attribute a reported $6.3bn cryptocurrency theft from Binance to North Korea’s Lazarus Group. Binance says most stolen assets have been secured, while the precise breach mechanism and responsibility remain subject to investigation.
Technology
Debt-heavy AI infrastructure firms face investor scrutiny as shares slide
Original report: date unavailable
Specialist data centre operators supplying major AI developers are facing questions over debt and dependence on big customers. Falling shares and rising borrowing costs have sharpened scrutiny, although some analysts say demand for computing power still outstrips supply.
Technology
Binance reports $3.64bn net outflow after reopening following crypto hack
Original report: date unavailable
Binance says withdrawals exceeded deposits by $3.64bn after transactions resumed following a breach affecting $6.3bn in digital assets. The exchange has pledged to cover customer losses, while investigators cited in the report attribute the attack to North Korean hackers.
Technology
Suspected supermarket refrigeration attacks highlight connected-device security risks
Original report: date unavailable
A suspected cyber-attack affecting supermarket fridges and freezers across Europe has put connected equipment under scrutiny. UK officials report no known domestic impact, while researchers say hundreds of refrigeration and building-control interfaces linked to British retailers are publicly accessible online.
Technology
UK food suppliers affected by refrigeration cyber-attacks across Europe
Original report: date unavailable
British food suppliers have been caught in cyber-attacks that disrupted supermarket refrigeration across Europe. UK officials described the domestic impact as minimal, while a meat industry association said affected members’ units were empty, preventing any loss of produce.