Elroy Fernandes

Elroy is a digital marketer and developer from Goa, with over a decade of experience web development and marketing. He has been associated with several startups and serves currently as an Editor to the Asia Pacific Industrial magazine. He occasionally writes on Startup Fortune about technology and automation.

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Elroy Fernandes · Jul 25, 2026 · 10:22 AM

Silver's sixth straight supply deficit and Wall Street's $100-plus price targets make it the precious metals trade no one is talking about

Silver rebounded to $58.40 an ounce on July 24, 2026, backed by physical buyers ahead of the Fed's July 29 meeting. The Silver Institute has confirmed a 46.3 million troy ounce supply deficit for 2026, the sixth consecutive year, while Bank of America and J.P. Morgan point to prices of $100 or more by 2030.

Elroy Fernandes · Jul 25, 2026 · 7:35 AM

xAI is shipping Grok 4.6 and 4.7 back to back in a release cadence no frontier lab has matched

xAI confirmed a 2-trillion-parameter Grok 4.6 on July 18, 2026 and has a larger Grok 4.7 already weeks behind it, a release cadence no other frontier lab has publicly matched. With Grok 4.5 already priced over 60 percent below GPT-5.5 and Opus 4.8, xAI is applying simultaneous pricing and pace pressure on OpenAI and Anthropic while explicitly targeting Moonshot AI's Kimi K3.

Elroy Fernandes · Jul 25, 2026 · 4:56 AM

Sam Altman's World raises $52.5 million selling iris-scan tokens as AI deepfakes rewrite the identity problem

World Foundation raised $52.5 million in a locked WLD token sale led by Pantera Capital on July 24, 2026, to expand its iris-scanning Orb network. The Sam Altman-backed project is repositioning as essential infrastructure for proving human identity online as AI deepfakes proliferate, with new integrations at Zoom and Docusign signaling a serious enterprise pivot.

Elroy Fernandes · Jul 25, 2026 · 2:10 AM

Big Tech is spending $700 billion on AI while cutting 168,000 jobs and calling it efficiency

Tech sector layoffs have surged 83% year-over-year in 2026, with more than 168,000 jobs cut while Amazon, Microsoft, Alphabet, and Meta commit $725 billion to AI infrastructure. AI has now been named the leading reason for US job cuts for a record fourth consecutive month, according to Challenger, Gray and Christmas.

Elroy Fernandes · Jul 24, 2026 · 11:32 PM

Qualcomm is raising chip prices by double digits and every Android flagship maker will pay for it

Bloomberg reported July 24 that Qualcomm plans double-digit price hikes on chips sold to Android OEMs, driven by TSMC's $30,000-per-wafer 2nm process costs. The Snapdragon 8 Elite Gen 6 is projected to exceed $300 per unit, the highest ever for a mobile processor, giving Apple a structural cost advantage it didn't have to earn.

Elroy Fernandes · Jul 24, 2026 · 7:57 PM

CATL's energy storage business grew 88% in six months as AI data centers become its next major market

CATL reported H1 2026 net profit of $6.37 billion, up 42% year-on-year, but its energy storage division grew 87.54% to become the real story. The company is now directly targeting AI data center infrastructure through stakes in VNET, Zhongheng Electric, and DeepSeek, while a 20-40 billion yuan share buyback signals management confidence in sustained margins.

Elroy Fernandes · Jul 24, 2026 · 4:54 PM

The London Stock Exchange Is Rebuilding Itself for AI Agents That Never Stop Trading

LSEG announced LSE 24 on July 21, 2026, a regulated 24/5 trading venue explicitly built for AI and agentic trading, joining Nasdaq and NYSE in extending market hours. Exchange-traded products launch first in H1 2027, with equities to follow, as autonomous trading agents force the world's oldest exchanges to rebuild their market plumbing.

Elroy Fernandes · Jul 24, 2026 · 12:20 PM

Singapore tightens cybersecurity rules for critical infrastructure after China-linked hack hit all four major telcos

Singapore is mandating new cybersecurity rules for critical infrastructure operators, including a homegrown intrusion detection tool and board-level accountability, directly in response to a China-linked espionage group breaching all four of the city-state's major telcos in 2025. The updated Cybersecurity Code of Practice takes effect in stages through 2027.

Elroy Fernandes · Jul 24, 2026 · 9:58 AM

Alphabet's $124 billion Anthropic stake reshapes how investors should read Google's earnings

Alphabet disclosed in a July 23 SEC filing that its Anthropic stake is worth roughly $124.3 billion as of June 30, booking nearly $77 billion in Q2 unrealized gains and forcing a new way of reading Google's earnings reports. Anthropic, which raised $65 billion at a $965 billion valuation in May and filed a confidential S-1 in June, is targeting an IPO as early as October 2026.

Elroy Fernandes · Jul 24, 2026 · 7:28 AM

SK Hynix reports Q2 2026 earnings as the AI memory supercycle faces its first real test

SK Hynix reports Q2 2026 earnings on July 28, its first results since its record-breaking $29.4 billion Nasdaq debut. Revenue is forecast near 84 trillion won with an operating margin that could hit 77%, but a mid-July bear market selloff means the numbers must answer whether AI memory demand is peaking or still accelerating.

Elroy Fernandes · Jul 24, 2026 · 4:50 AM

New York becomes the first US state to ban new hyperscale data centers and other states are watching

New York Governor Kathy Hochul signed Executive Order 62 on July 14, making the state the first in the US to impose a moratorium on new hyperscale data centers drawing 50 megawatts or more. With over 300 data center bills filed across 30 states in 2026, the one-year pause gives other states a legal template to follow , and forces AI infrastructure investors to reprice regulatory risk on New York-exposed assets.

Elroy Fernandes · Jul 24, 2026 · 2:07 AM

Y Combinator's Fall 2026 wish list puts a sitting Army Secretary in the founder pitch room

Y Combinator has published its Fall 2026 Requests for Startups, naming 13 priority areas including a first-ever submission from U.S. Secretary of the Army Daniel P. Driscoll. The list spans AI tutoring, offshore data centers, aging care, and defense tech, with the application deadline on July 27.

Elroy Fernandes · Jul 24, 2026 · 12:44 AM

How to Build a Pitch Deck That Gets VC Meetings in 2026

How to build a pitch deck that gets VC meetings looks different in 2026 than it did three years ago. PitchBook data shows seed deals fell roughly 40% between 2021 and 2023, and investors now scrutinize burn multiples and unit economics far more than growth curves alone. Here's what the modern VC pitch deck actually needs, slide by slide.

Elroy Fernandes · Jul 23, 2026 · 11:26 PM

Runway bets on being the infrastructure layer under every generative media model

Runway launched Runway Dev on July 17, a unified API with a model router that automatically selects the best generative media model based on quality, speed, or cost priorities. The platform consolidates Gen-4.5, Veo 3, GPT Image 2, ElevenLabs audio, and more under one integration , a move that positions Runway as infrastructure beneath the model race rather than a participant in it.

Elroy Fernandes · Jul 23, 2026 · 5:23 PM

AI data centers have pushed America's largest power grid to its breaking point

PJM Interconnection, the US grid serving 67 million people, missed its power supply reliability target in July 2026 as AI data center demand drove capacity costs up more than tenfold. Federal officials are now debating breaking the operator apart, and founders planning GPU clusters face a hard infrastructure ceiling no amount of fundraising can quickly fix.

Elroy Fernandes · Jul 23, 2026 · 2:41 PM

BitMEX is shutting down on September 23 and users who don't act face punishing fees

BitMEX, the exchange that invented the crypto perpetual swap, is shutting down permanently on September 23, 2026. Users face forced liquidations and punishing monthly fees if they don't withdraw before the deadline. Here's exactly what you need to do.