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Tech News — 2026-06-23#

Story of the Day#

Dutch lithography giant ASML has begun shipping its monumental $400 million High-NA EUV machines to Intel, a massive 150-ton bet designed to push the physical limits of chipmaking,. By enabling the production of transistor features as tiny as eight nanometers, this behemoth of a machine is the undisputed linchpin of the global semiconductor supply chain and will dictate the pace of AI hardware scaling for the next decade,.

Top Stories#

SpaceX Sheds $600B in Value Amid Massive Bond Sale · Bloomberg Elon Musk’s SpaceX has seen a jaw-dropping $600 billion erased from its market value over a three-day rout as the broader AI and tech trade stalls. Concurrently, the company drew an astonishing $89 billion in demand for its debut US investment-grade bond offering, highlighting immense institutional appetite for its debt. Meanwhile, SpaceX is pressing forward with aggressive orbital operations, prepping the first demonstration of “Starfall,” a new saucer-shaped reentry vehicle designed to deliver cargo anywhere on Earth from low-Earth orbit.

Oracle Cuts 21,000 Jobs, Citing AI Deployments · Bloomberg Oracle has quietly eliminated 21,000 employees—roughly 13% of its global workforce—over the past year as part of a major restructuring effort. In its SEC filings, the cloud software company explicitly stated that the deployment of AI technologies across its operations drove the workforce reductions, signaling a harsh reality for enterprise tech labor. The $1.8 billion restructuring comes as Oracle aggressively ramps up data center spending to serve hyperscalers like OpenAI and Meta.

Meta Drops Ray-Ban for Cheaper Smart Glasses, Plots Betting App · The Verge Meta has uncoupled from EssilorLuxottica’s Ray-Ban branding to launch its own standalone line of $299 smart glasses, which includes a Y2K-inspired Kylie Jenner collaboration geared toward a broader, younger audience,. On the software side, CEO Mark Zuckerberg has reportedly directed an internal team to build “Arena,” an experimental, points-based prediction market app designed to mimic the success of platforms like Polymarket and Kalshi,.

China Reclaims Supercomputer Crown Without GPUs · Slashdot A Chinese supercomputer named LineShine has debuted at the top of the TOP500 list, dethroning the US’s El Capitan with a sustained performance of 2.198 exaflops. Built entirely on custom 304-core LX2 processors without dedicated AI accelerators or GPUs, the system emphasizes Beijing’s drive for technological self-sufficiency. However, experts note the CPU-only architecture means the system is less optimized for the modern AI workloads driving western hyperscalers.

Anthropic’s Gov Standoff and Menlo’s $3B AI Bet · MIT Technology Review A clash between the US government and AI darling Anthropic over export controls on “Mythos,” a coding model deemed a cybersecurity risk, has forced the startup to abruptly revoke model access, triggering lawsuits from foreign users,. Despite the regulatory drama and security concerns, Anthropic’s financial momentum is undeniable; early backer Menlo Ventures just closed a massive $3 billion fund to double down on the AI race, validating its risky 2024 bet on the ChatGPT rival,.

29-Year-Old ‘Squidbleed’ Bug Exposes Cleartext Traffic · Slashdot Security researchers have unearthed a critical vulnerability in the widely used Squid web proxy that has been hiding in plain sight for nearly three decades. Dubbed “Squidbleed,” the flaw allows an authorized user on a shared network to retrieve fragments of other users’ cleartext HTTP requests, including session tokens and credentials, by exploiting a bug tied to Squid’s default FTP gateway.

Also Worth Knowing#

White House Shortens Quantum Crypto Deadline: A new executive order mandates that high-value federal systems transition to post-quantum cryptography by 2030, slashing the previous deadline by five years as quantum computing threats accelerate.
Canada Plans Vast Nuclear Expansion: Seeking to double its grid capacity by 2050, Canada unveiled a $100 billion national strategy to build up to 10 new large-scale nuclear reactors and develop a homegrown microreactor by 2035.
Netflix Launches Smartphone-Controlled Horror Game: Netflix is pushing the boundaries of its cloud gaming ambitions with Unhinged, a gruesome new interactive horror title that uses viewers’ smartphones as the primary controller,.
GM Replaces Laid-Off Workers with Robots: General Motors has installed dozens of new Fanuc robotic arms at its Detroit EV factory while 1,300 UAW workers remain out of work following “temporary” layoffs, sparking fresh union outrage over automation.