Elroy Fernandes

Elroy Fernandes · Jul 7, 2026 · 2:33 AM

CISA Is Using Anthropic's Mythos to Audit Government Code Despite the Ban

Reuters reports CISA's Attack Surface Evaluation team is running Anthropic's Mythos against government code for vulnerabilities, months after the Pentagon blacklisted the company entirely. Meanwhile Alibaba just banned Claude Code in China over alleged tracking code, in the middle of its own distillation fight with Anthropic.

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Elroy Fernandes · Jul 6, 2026 · 9:29 PM

Chip stocks are roaring back, but Nvidia is sitting this rally out

Chip stocks tore back a violent selloff within days, but the money went to Micron, Intel and AMD, not Nvidia. Micron is up over 300% this year while Nvidia has managed just 3.2%, and the divide raises the question of whether this is a genuine trade revival or a bounce built on borrowed time.

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Elroy Fernandes · Jul 6, 2026 · 3:45 AM

Nearly 90 startups became unicorns in the first half of 2026

Nearly 90 startups reached billion-dollar valuations in the first half of 2026, led by humanoid robotics maker Apptronik at $5.3 billion and AI workspace company MainFunc at $2.6 billion. The pace sounds like a pandemic-era repeat, but the math and the sector mix tell a more careful story.

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Elroy Fernandes · Jul 5, 2026 · 7:17 PM

What Is Liquid Staking? How Tokens Like stETH Actually Get Repriced

What is liquid staking? It's a way to earn Ethereum staking rewards while holding a tradable token like stETH or rETH instead of locking your ETH away. That convenience comes with hidden depeg and slashing risk that most yield dashboards never show you.

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Elroy Fernandes · Jul 5, 2026 · 6:09 PM

Singapore Will Train 60,000 Accountants to Use AI Within Three Years

Singapore has launched AIxAccountancy, a free ISCA and IMDA programme to train 60,000 accounting and corporate finance professionals to use AI for fraud detection, auditing and financial analysis within three years. More than 20,000 people had already signed up before the July 3 launch, part of a wider push to make 100,000 non-tech workers AI-fluent by 2029.

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Elroy Fernandes · Jul 4, 2026 · 4:54 PM

Zuckerberg Admits Meta's AI Agents Are Not Moving Fast Enough

Mark Zuckerberg told Meta employees at a July 2 town hall that four months of AI reorganization has not accelerated agent development as planned, even as the company holds its 2026 AI spending guidance at up to $145 billion. His admission lands amid growing investor skepticism over whether hyperscalers like Oracle will ever see a return on their AI infrastructure bets.

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Elroy Fernandes · Jul 4, 2026 · 4:46 AM

HCLTech beats Infosys to land a $1.14 billion AI deal with Mercedes-Benz

HCLTech signed a $1.14 billion deal to run an AI-driven digital workplace and network operating model for a client reported to be Mercedes-Benz, unseating incumbent vendor Infosys. The win sent HCLTech shares up as much as 6% and signals Indian IT majors are now competing directly on AI-native operating models rather than headcount and price.

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Elroy Fernandes · Jul 3, 2026 · 7:40 PM

What Is Tokenomics? A Founder's Guide to a Token Economy That Doesn't Collapse

What is tokenomics? It's the supply, distribution, and incentive design that decides whether a crypto token survives contact with the market. Terra's UST and Axie Infinity's SLP show what happens when founders copy the structure without understanding the mechanism.

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Elroy Fernandes · Jul 3, 2026 · 3:29 PM

China's AI-Driven Quant Funds Have Now Topped $474 Billion in Assets

China's quant fund industry closed 2025 managing 3.22 trillion yuan, about $474 billion, outpacing every other emerging market as AI-driven strategies from firms like Ubiquant, High-Flyer and Minghong Investment pull in record capital. The surge raises a harder question: how much longer can dozens of AI funds keep finding fresh edge in the same market.

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Elroy Fernandes · Jul 3, 2026 · 12:20 PM

Thailand's Zero Crypto Tax Break Is Entering Its Busiest Year Yet

Thailand's 0% capital gains tax on crypto, in effect since January 2025 and running through 2029, is now the foundation for a broader push into Bitcoin futures and ETFs. Fresh SEC data shows over 7 million domestic digital asset holders, but the tax break only applies to trades on licensed local exchanges like Bitkub and Bitazza.

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Elroy Fernandes · Jul 3, 2026 · 4:43 AM

Blackstone's QTS Walks Away From Its Massive Virginia Data Center Project

Blackstone's QTS has terminated its Digital Gateway data center project in Prince William County, Virginia, walking away from over 800 acres near the Manassas battlefield after years of litigation. The collapse shows that land use fights, not just power and chip supply, can kill even fully approved AI infrastructure projects.

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Elroy Fernandes · Jul 2, 2026 · 5:19 PM

Europe's Top Court Ends Google's Eight Year Android Antitrust Fight

The Court of Justice of the European Union has dismissed Google's final appeal against its 4.1 billion euro Android antitrust fine, closing an eight year case. The ruling arrives days after a Swedish court hit Google with a nearly two billion dollar damages award in the separate PriceRunner shopping case.

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Elroy Fernandes · Jul 2, 2026 · 10:24 AM

OpenAI Is Discussing Giving Washington a Stake Instead of Selling One

OpenAI is in talks to donate a 1% to 5% equity stake to the US government, a move worth up to $42 billion that would seed Sam Altman's proposed Public Wealth Fund. The offer looks modest next to Bernie Sanders' bill demanding 50% of AI company equity, and Anthropic says it isn't part of the discussions.

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Elroy Fernandes · Jul 1, 2026 · 9:03 PM

Together AI Raises $800 Million From Aramco at an $8.3 Billion Valuation

Together AI closed an $800 million Series C at an $8.3 billion valuation, led by Aramco Ventures with Nvidia and Vista Equity also participating. The open-model infrastructure company says bookings hit $1.15 billion last quarter as customers like Cursor, Cognition and Decagon cut inference costs by running DeepSeek, Nemotron and other open models instead of closed alternatives.

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Elroy Fernandes · Jul 1, 2026 · 3:56 PM

Revolut's UK banking licence turns a decade of hustle into a $115 billion bet

Revolut has gone from handing out prepaid currency cards on the London Underground to becoming a fully licensed UK bank chasing a $115 billion valuation. A secondary share sale led by Glade Brook Capital would make it Europe's first centicorn, while five new credit cards mark its first real push into lending.

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Elroy Fernandes · Jul 1, 2026 · 4:37 AM

Google floods the image generation market with a four-second, three-cent model that changes the math for every AI image startup

Google launched Nano Banana 2 Lite on June 30, 2026, a text-to-image model generating images in four seconds at $0.034 each, already embedded in Google Search, Ads, and NotebookLM. The model ranks fifth on quality benchmarks but that misses the point: Google is using commodity image AI to lock advertisers and developers into its stack, putting pressure on standalone image generation startups who can't compete on distribution or price.

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