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Indium Phosphide wafer market to grow to $679.76M by 2035 driven by AI, 5G, and photonics demand
The global Indium Phosphide (InP) wafer market is projected to expand from USD 202.21 million in 2025 to USD 679.76 million by 2035, growing at a CAGR of 12.89%. Growth is fueled by rising demand in AI data centers, 5G and upcoming 6G infrastructure,...
Chinese startup Moonshot AI launches Kimi K3, narrowing gap with top U.S. AI models
Chinese startup Moonshot AI has introduced Kimi K3, its largest AI model with 2.8 trillion parameters, which narrows the performance gap with leading U.S. AI systems like Anthropic's Claude Fable 5 and OpenAI's GPT 5.6 Sol. While Kimi K3 still trails...
US CPI inflation cools to 3.5% y/y with biggest monthly price drop since 2020, boosting stocks and crypto.
US Consumer Price Index (CPI) rose 3.5% year-over-year, below the expected 3.8%, with core inflation at 2.6%. Monthly prices fell 0.4%, marking the largest monthly decline and the first negative monthly print since the 2020 pandemic. This easing infl...
BP and ConocoPhillips to invest billions in Iraq's energy sector at US-Iraq summit
BP and ConocoPhillips will announce billions of dollars in new investments in Iraq's energy sector during the US-Iraq Business Summit in Washington. These investments aim to boost Iraq's oil production and diversify export routes to reduce reliance o...
US IPO market hits record $97.9B in June 2026, led by SpaceX's blockbuster debut.
In June 2026, the US IPO market reached a record high with 19 offerings raising $97.9 billion, a massive jump from $13.1 billion in May and $4.2 billion a year earlier. This surge was driven by Space Exploration Technologies Corp. (SpaceX), whose IPO...
Visa, Google, and Stripe join x402 Foundation to enable AI-driven micropayments online.
Visa, Google, and Stripe have become premier members of the x402 Foundation, which is developing a new protocol to enable AI agents to make micropayments directly over the web without human intervention or subscriptions. The protocol, named after the...
Li-FT Power starts major drilling at Adina-Galinée lithium project in Québec to expand resources.
Li-FT Power Ltd. has begun a significant drilling program at its Adina-Galinée Lithium Project in Québec, Canada, aiming to complete 163 diamond drill holes totaling nearly 39,000 meters. This exploration effort follows the consolidation of the proje...
AI growth limited by chip supply, says Arm Holdings CEO, with bottlenecks lasting 2-3 years.
Arm Holdings CEO Rene Haas stated that the AI boom is being constrained by supply shortages rather than lack of demand. The industry faces bottlenecks in chips, data centers, energy, and skilled workers, expected to continue for 2-3 years. Arm's data...
Fortitude Reinsurance doubles size by taking on $3.8B Unum LTC reserves, signaling reinsurers' growth in diverse life insurance risks.
Fortitude Reinsurance Company Ltd. agreed on July 6 to assume about $3.8 billion in statutory reserves from Unum Group's individual long-term care (LTC) business, more than doubling its existing relationship since 2025. This move reflects a broader t...
Kodal Minerals receives $13M loan repayment from Bougouni lithium project operator amid strong spodumene prices
Kodal Minerals PLC has received an initial $13 million loan repayment from Les Mines de Lithium de Bougouni (LMLB), the operator of its Bougouni lithium project in Mali. This repayment marks the first return on loans advanced to finance the mine's ca...
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