Broadcom projected massive growth in AI semiconductor sales through 2028, while Nvidia discussed a multi-billion dollar investment in Anthropic. Meanwhile, Revolut suffered a data exposure following fraudulent government information requests, and Larry Ellison canceled a major Oracle stock sale plan.
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Larry Ellison Cancels Plan to Sell Up to $7.5 Billion of Oracle Stock
Halting an executive share-sale plan eliminates a major equity overhang while the market weighs expanding AI infrastructure capital expenditure against rising debt loads.
Larry Ellison canceled a trading plan that would have allowed him to sell up to 50 million shares of Oracle worth approximately $7.5 billion. Oracle disclosed in a regulatory filing that the executive chair and chief technology officer had adopted the Rule 10b5-1 plan on June 22, 2026, before walking it back without explanation after no shares were sold. The decision removes a major overhang for Oracle as the company grapples with an price that has fallen more than 20% this year amid investor anxiety over soaring and -related . At the same time, Oracle reported first-quarter fiscal 2027 of $19.345 billion and raised its full-year revenue outlook to at least $90 billion while lifting restructuring costs by $700 million to accommodate workforce reductions.
Revolut Confirms Customer Data Breach Triggered by Fake Government Requests
Relying on compromised state email domains exposes neo-banks to targeted high-net-worth identity theft, converting trusted government channels into a zero-day vector for crypto transaction tracking.
Revolut disclosed sensitive customer data after falling for a fraudulent information request sent from a legitimate government agency email domain. The compromised files included passports, driver licenses, verification selfies, birth dates, phone numbers, and full transaction histories including activity. While the company stated that systems and customer funds remained unaffected, it did not disclose the exact number of individuals impacted. security researcher ZachXBT reported that the breach appeared targeted at high-net-worth users. Revolut blocked the offending email address, notified affected customers, and alerted law enforcement and regulators.
Nvidia Considers Up to $10 Billion Investment in Anthropic IPO
Financing its primary tenant's listing creates a circular capital flow that inflates compute demand expectations while anchoring Nvidia's own data center hardware backlog.
Nvidia is in talks to invest up to $10 billion as an anchor investor in Anthropic's upcoming initial public offering. Anthropic is seeking to raise as much as $100 billion at a near $2 trillion. The proposed transaction would surpass SpaceX's June listing to become the largest public debut on record. Nvidia's potential check closes a loop where the primary provider of compute infrastructure helps finance its largest tenant's public exit. The chipmaker previously committed up to $10 billion to Anthropic in November 2025 alongside 1 gigawatt of compute capacity on Grace Blackwell and Vera Rubin systems. Bankers are the offering using 2028 forecasts projected between $190 billion and $200 billion. Nvidia reported quarterly revenue with sales at strong levels, leaving the company ample to fund the investment.
KT Signs MOU With Amlogic for Media Terminal Chipset Supply
Vertical chipset alliances shield telecom media terminals from hardware shortages while locking in tailor-made silicon for proprietary artificial intelligence features.
KT signed a memorandum of understanding with fabless company Amlogic to establish a stable supply system for media device chipsets. The agreement was concluded at the IBC 2026 exhibition in Amsterdam. The partnership aims to against global semiconductor risks while supporting technical cooperation for advanced functions and system-on-chip solutions in KT media terminals. Alongside the chipset agreement, KT established the KT Global Coexistence Growth Pavilion at the trade show to showcase eight domestic partner companies and their products. This export support initiative follows a previous year in which KT and 18 partners secured over 180 billion Korean won in export contracts across three major international exhibitions. KT will continue its export support program by participating in the ECOC 2026 optical communication exhibition in Spain with five additional partner firms.
Barack Obama Urges Democrats to Establish AI Safeguards
Bipartisan support between political leaders and competing model developers for independent safety audits creates a path toward mandatory pre-deployment testing that raises fixed compliance costs for frontier AI.
Former President Barack Obama urged congressional Democrats to establish a public framework for safety and economic policy. Speaking at a fundraising event interviewed by House Minority Leader Hakeem Jeffries, Obama warned that rapid industry development in private hands could prove dangerous without timely oversight. He recommended that candidates running in the 2028 presidential race adopt artificial intelligence as a central agenda item. Concurrently, Anthropic CEO Dario Amodei proposed pacing frontier development by granting independent safety evaluators access to leading models. OpenAI CEO Sam Altman and xAI chief Elon Musk responded positively to the proposed safety standards.
Spotify Technology Outlines AI Add-Ons and Video Initiatives for Growth
Demonstrating pricing power alongside successful tiered add-ons enables streaming platforms to monetize heavy users directly rather than relying solely on broad subscription price increases.
Spotify Technology co-CEO Gustav Söderström outlined a strategy to introduce add-ons, expand video capabilities, and push into new verticals like fitness during an investor conference appearance. Söderström stated that the company's audiobook add-on business reached €100 million in roughly a year after launch, and Spotify plans to apply a similar model to upcoming AI features by offering baseline access with paid add-ons for heavy users. The platform is rebuilding its architecture to function as an intelligent media service supporting conversational interactions about music credits, touring schedules, and samples. On generative music, Söderström emphasized that Spotify aims to build legal frameworks for AI remixes and covers with the permission of rights holders, contrasting its approach with competitors focused on generating entirely new songs. The company also intends to its pricing power after finding that recent subscription price hikes did not trigger expected .
Broadcom CEO Says AI Demand Outpaces $115 Billion Revenue Target
Gross margin compression from memory input costs exposes how custom silicon designers remain vulnerable to component pricing power even when hyper-scaler custom accelerator demand is supply-constrained.
Broadcom reported fiscal third-quarter sales of $29.6 billion, up 86% year over year, driven by a 221% surge in to $16.7 billion. CEO Hock Tan announced that demand for the company's custom AI accelerators and networking hardware is already outpacing its secured supply for a projected $115 billion in fiscal 2027 AI revenue. To meet this , Broadcom is working to expand manufacturing capacity while scaling shipments of bespoke silicon to major hyperscalers including Alphabet, Anthropic, Meta, and OpenAI. Management also issued a fiscal 2028 AI revenue forecast of $230 billion, which is expected to translate into roughly $30 per share in . Higher memory prices are currently pressuring gross margins and limited fourth-quarter revenue to $34.8 billion, leading to a muted stock reaction despite the massive spending wave.
Broadcom AI Semiconductor Revenue Guidance ($B)
Broadcom projects AI chip revenue will double each year through 2028.
Aggressive capital deployment into artificial intelligence hardware and software continues at an unprecedented scale. Yet, emerging security vulnerabilities and call for stricter governance leave open whether corporate infrastructure can scale without introducing severe operational risks.
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