Finance Tech News.

French health insurer Alan agreed to a €480 million Series G funding round led by Prosus, valuing the company at €5.5 billion. The Paris-based digital health app has over 1.1 million customers and €800 million in annual recurring revenue. Funds will fuel international expansion and AI healthcare investments.

NIST released updated IoT security guidance for public review, establishing product cybersecurity requirements for devices integrated into federal agency networks. The guidance aims to improve baseline security for connected devices in government systems.

Apple's foldable iPhone Ultra will enter mass production in late July, keeping it on track for a September launch alongside the iPhone 18 Pro. Hinge issues causing noise and high defect rates have been resolved. The device features a 7.8-inch foldable OLED display, A20 chip, and is priced around $2,000.

BMW CEO Milan Nedeljkovic cut the company's automotive profit margin outlook to as low as 1 percent. German automakers face a structural crisis as China's superprofit margins disappear, squeezing earnings from their largest market.

Barcelona-based Kalipso raised $3.2 million from Varsity, Lanai, Plug and Play, Kima Ventures, and Vento. The regulatory technology platform helps organizations operationalize regulatory change by analyzing developments, identifying obligations, and generating implementation-ready recommendations. Clients include Groupe Caisse des Dépôts and Alma.

OVHcloud reported fiscal third-quarter revenue of €289.6 million, up 6.9% like-for-like. Public cloud revenue grew 20.2% to €65.6 million, a sharp recovery from 12.9% last quarter. The company reaffirmed full-year guidance and its target of positive levered free cash flow.

Walmart is paying $1.4 billion to acquire Vibe.co, a connected-TV advertising platform for small and mid-sized businesses. The deal, Walmart's largest in two years, includes a $180 million executive retention payment. Vibe.co was valued at $410 million nine months ago. CEO John Furner aims to challenge Amazon's ad business.

Larry Ellison donated $45 million to a group supporting Trump, deepening his ties to the president. The private friendship helped Oracle's business and supported his son's acquisition of Warner Bros. Discovery.

Bitcoin dropped to $59,175 overnight, its lowest since early June, before recovering to $61,500. Nearly $1 billion in crypto futures were liquidated, including $430 million in bitcoin long positions. Micron Technology's strong earnings lifted AI chip stocks and helped steady crypto markets.

Iran-linked cryptocurrency wallets have moved $3.84 billion through the CoinEx exchange since 2019. The funds were processed by CoinEx, a crypto exchange. The transactions involve wallets connected to Iran.

AI is reducing communication and time zone hurdles for companies recruiting overseas remote talent. 69% of US employers struggle to recruit in manufacturing, tech, science, trade, and finance. Taxation, compliance, payroll, and benefits alignment remain major stumbling blocks.

MemeCore's M token plunged about 74 percent in 24 hours, wiping out nearly $3 billion in market value as its price fell from around $2.92 to about 74 cents. The sharp drop came on thin trading volume of roughly $21 million and without any confirmed news, exploit or hack. On-chain investigator ZachXBT previously alleged insider manipulation.

Nudge, a New York-based startup, raised $1.1 million in pre-seed funding from s16vc, Antler, and operators from Shopify, Nutanix, and Postman. The company provides an agentic commerce platform that helps consumer brands manage presence and conversion across AI discovery platforms like ChatGPT, Claude, and Gemini.

SuperLiving, an AI-native health platform founded by former Meesho and Pocket FM executives, raised $7 Mn in Series A funding led by Lightspeed. The startup plans to scale in Tier II and III cities, strengthen AI capabilities, and expand its vernacular content ecosystem.

Bitcoin climbed back above $60,000 after briefly falling to $59,200, while ether, solana, and XRP also recouped losses. The rebound followed Micron's 15% surge on strong sales guidance, reviving AI stock confidence. Tron was the only major cryptocurrency to post a weekly gain, up 1.9%.

Inc42 is hosting the seventh edition of The D2C & Retail Summit on August 19, 2026, in Gurugram. The event features 600+ attendees, 40+ speakers, and 15+ sessions focused on AI, quick commerce, and omnichannel retail reshaping India's consumer brand ecosystem.

At Cannes, publishers are focused on whether AI and agentic media buying will generate real revenue for the open web. WPP's media arm unveiled a video-buying agent, but publishers remain skeptical, questioning which holding groups have actual technical builds and budgets versus those selling concepts.

Meesho acquired Kirana Club for ₹202 Cr, valuing the startup at 200X its ₹33 Lakh FY26 revenue. The deal targets B2B kirana retail using Kirana Club's asset-light marketplace model. Meesho plans to integrate payments, lending, and its Valmo logistics arm to solve last-mile delivery in smaller towns.

Asian stocks surged after Micron Technology reported earnings that eased investor concerns about the artificial intelligence sector. The positive results from the memory chip maker boosted market sentiment across the region, with major indices climbing. The rally reflects renewed confidence in AI-driven demand for semiconductors.

Meesho acquired Kirana Club for ₹202 crore, entering B2B retail to digitize kirana stores. The deal values Kirana Club at 200x its ₹33 lakh FY26 revenue. Meesho CEO Vidit Aatrey signaled further B2B expansion, betting on underserved retailers as quick commerce weakens legacy FMCG distribution.

SK hynix Inc., the world's largest HBM memory supplier, filed to list on the Nasdaq, aiming to sell up to 17.79 million shares for $29.4 billion. The company's revenue jumped 198% year-over-year to $38 billion in Q1, with a 77% net margin, driven by AI demand.

Nutanix CEO Rajiv Ramaswami said generative AI will disrupt SaaS but only software essential to core tech operations will survive. Nutanix, founded by Dheeraj Pandey, offers multi-cloud software. Its market cap grew 7x to $22 billion from June 2022 to June 2025, then halved after Q1 FY26 earnings.

Qualcomm shares rose 14% after hours following plans to acquire Modular Inc., an AI inference software startup, for $3.92 billion in stock. The chipmaker raised its fiscal 2029 non-handset revenue target to $40 billion and previewed two new data center chips, the Dragonfly C1000 and Dragonfl.

Micron reported a gross margin of 84.9%, the highest among major U.S. tech companies, surpassing Meta at 81.9% and Nvidia at 75%. Revenue hit $41.46 billion, net income reached $28.24 billion, and the stock rose over 700% in the past year, driven by AI demand for high-bandwidth memory.

Qualcomm signed Meta as the first named customer for its Dragonfly C1000 data centre processor, due in 2028. The company announced the deal at its investor day in New York, alongside a new AI300 accelerator chip and its confirmed acquisition of AI software startup Modular for roughly $3.9 billion in stock.

A painful Bitcoin sell-off is dragging Ethereum, XRP, and Dogecoin lower. Crypto stocks are also diving as the broader market downturn intensifies across digital assets.

Micron reported third-quarter earnings with revenue quadrupling to $41.45 billion and profit soaring from $1.88 billion to $28.2 billion year-over-year. The Idaho-based memory chip maker also inked a deal to supply AI lab Anthropic with memory and storage chips and participated in Anthropic's Series H funding round.

Micron Technology posted fiscal third-quarter revenue of nearly $42 billion, quadrupling year-over-year, driven by surging demand for high-bandwidth memory. Gross margins exceeded 81 percent. The company's entire 2026 HBM supply is sold out, with $22 billion in customer prepayments collected.

Sunrun, Tesla, and Renew Home are pooling over 16 gigawatts of home batteries, thermostats, and devices into the largest distributed power plant in the US, targeting data center electricity demand. The framework offers dispatchable capacity across major US markets with deployment in months, not years.

Elon Musk became the world's first trillionaire on June 12 when SpaceX began trading on the Nasdaq. His net worth peaked between $1.32 trillion and $1.45 trillion. By June 24, his fortune had fallen to $957 billion, ending his trillionaire status.

Superhuman, formerly Grammarly, acquired GPTZero, an AI detector that checks for LLM-generated content. The companies aim to build an internet authenticity layer. GPTZero runs a hallucination detector that found citation errors in academic papers and tracks that 16 percent of internet content is AI.

Morgan Stanley has doubled its forecast for China humanoid robot shipments to 50,000 this year. The bank states the machines are moving from stage demonstrations into real factories, shops, and restaurants. China's robots are leaving the showroom and reaching the shop floor.

Riviera Partners acquired Lateral Labs, an AI recruiting firm founded by ex-OpenAI recruiter Rob Infantino in 2024. The deal adds Lateral Labs' clients including Cursor, ElevenLabs, Runway, Scale AI, and Luma Labs. Financial terms were not disclosed. Riviera previously acquired Build Talent, Board and Technology, and Arete Partners.

Agentic infrastructure operations depend on accurate and reliable infrastructure data. Without trustworthy data, automated operations and decision-making break down. Teams must prioritize data quality to enable effective agentic workflows in production environments.

Cerebras stock fell 20% after the company issued margin guidance. The decline followed a mixed earnings debut that had already sent shares down 10%. The AI chip maker's financial outlook disappointed investors.

Most AI agents are structurally identical wrappers lacking defensibility. Forecasts predict 2.2 billion agents by 2030. AI products with specialized models, unique domain knowledge, multi-step pipelines, and feedback-based evaluation frameworks provide proprietary solutions that solve real-world problems and secure a competitive edge.

Slate Auto priced its two-seat electric pickup at $24,950, undercutting Ford's upcoming EV truck by $5,000. The EV startup, backed by Jeff Bezos, also offers an SUV from $29,950. Slate forgoes features like touchscreens to achieve the low price. The base powertrain delivers 135kW with a 65kWh LFP battery.

Cerebras nearly doubled revenue to $193.4m and guided 2026 sales above estimates, but shares dropped roughly 10%. The sell-off was driven by a margin squeeze: core gross margin will fall to 36-38% from 46.5%. The cause is a shortage of data-center space, not chips.

Standard Chartered forecasts that the Aave token could climb 50 times in value by 2030. The prediction comes from the bank's analysis of the decentralized finance platform's potential growth and market adoption over the next several years.

Swiggy Instamart COO Ankit Jain and CBO Hari Kumar have stepped down. Jain is joining Nykaa as head of operations. Both were recent hires from Flipkart. The exits follow Swiggy cofounder Lakshmi Nandan Reddy's April board resignation and come as Instamart's aggressive expansion widens Swiggy's FY26 net loss to ₹4,154 Cr.

CPI acquired the TRISM business to expand its proprietary technology platform. The company announced the acquisition as part of its growth strategy. The deal adds TRISM's capabilities to CPI's existing operations.

After WWII, Paris metro operator RATP and Michelin developed rubber-tired trains running on flat steel or concrete rollways. Backup steel wheels ensure safety during blowouts. The design offers quieter rides, less vibration, and better grip for steeper climbs than traditional steel-wheel trains.

Apple has taken control of the Swift Package Index, the open source search engine for third-party Swift code. The project will remain open source and continue serving as a trusted location for developers to find third-party code for their apps.

TSMC told customers to prepare for price increases across all advanced nodes, including 3nm, 5nm, and 7nm, with hikes reportedly in the 5% to 10% range. The increases affect 74% of TSMC's wafer business and raise costs for Nvidia, AMD, Apple, Qualcomm, Broadcom, and MediaTek.

Gartner warns AI coding tool costs could surpass average developer salaries by 2028 due to consumption-based pricing. Bills have jumped from $20 to $5,000 per developer monthly, with extreme cases hitting $20,000. Vendors lack cost-optimization features, and token consumption is hard to forecast.

Sarah Youngwood, EVP and CFO of Nasdaq, said leaders must learn AI themselves rather than delegating it to their teams. She views AI as an embedded capability reshaping market infrastructure and internal finance operations. Nasdaq has evolved from a stock exchange into a software and technology provider for the financial industry.

SK hynix filed to raise up to $29.43 billion via a Nasdaq ADR listing scheduled for July 10th. Proceeds will fund the Yongin Y1 fab, the Cheongju P&T7 packaging plant, and EUV scanners from ASML. None of the projects will ease the current memory shortage.