Revolut has finally obtained a full U.K. banking license after a lengthy regulatory process. This approval enables the fintech giant to expand its offerings, including lending services, for both retail and business customers in the UK. This milestone is crucial for Revolut’s growth strategy and its mission to become a global digital bank. The company has also applied for a U.S. banking license and aims to enter 30 new markets by 2030.

Microsoft will send next-generation Xbox console prototypes to developers in 2027, featuring an advanced AMD chip for enhanced ray tracing and AI integration. This move aims to boost competitiveness against Nintendo and Sony, following recent leadership changes and financial scrutiny in Microsoft’s gaming division. The new console, codenamed Project Helix, will unify Xbox and PC gaming experiences.

Oracle has invested approximately $2 billion in TikTok’s U.S. joint venture, holding a 15% stake. This investment stems from a 2024 national security law mandating ByteDance divest TikTok’s U.S. operations. Oracle also houses TikTok’s U.S. user data and serves as its security provider, monitoring operations. Despite operational glitches attributed to Oracle data centers, the partnership signifies Oracle’s dual role as investor and critical operational partner in navigating regulatory and geopolitical landscapes.

The AI revolution is transforming the memory industry, creating unprecedented demand and shifting it from a cyclical to a structurally stable market. Companies are experiencing price increases and long-term customer commitments, with leaders like HPE and Seagate expecting price hikes to become the “new normal.” Hyperscalers are prioritizing multi-year contracts, and manufacturers like SK Hynix and Micron are seeing customers secure supply through 2028. The surge in demand, especially for HBM, coupled with limited new capacity until 2027, indicates a new era of sustained growth for the memory market.

Atlassian is cutting 10% of its workforce, around 1,600 jobs, to self-fund increased investments in AI and enterprise sales. This strategic pivot aims to strengthen its financial profile amid a challenging software market impacted by generative AI advancements. The company emphasizes this is about adapting its skill mix, not directly replacing employees with AI. The move also signals an effort towards sustained profitability.

FCC Chairman Brendan Carr criticized Amazon for hindering SpaceX’s orbital data center plans while failing to meet its own satellite deployment goals. Amazon has requested extensions for its Kuiper project, citing rocket shortages and manufacturing delays. The dispute highlights tensions in the growing low-Earth orbit sector, with SpaceX’s ambitious AI data center proposal facing scrutiny from scientists and Amazon itself.

Google Fiber is merging with Astound Broadband to form a new independent provider, primarily owned by Stonepeak. Google will retain a minority stake. This move aims to accelerate expansion and meet increasing demand for high-capacity network infrastructure, driven by AI and cloud services. GFiber, launched in 2010, faced challenges with nationwide deployment but now seeks to leverage Stonepeak’s investment expertise for growth.

China is experiencing a surge in the adoption of OpenClaw, an open-source AI assistant, with companies like Tencent and Zhipu AI integrating it into their products. OpenClaw’s autonomous capabilities are driving its widespread use, even surpassing adoption in the US. Chinese tech firms are simplifying installation and local governments are offering incentives, fueling its rapid growth and highlighting China’s commitment to AI advancement.

Nintendo’s stock surged 18% following the unexpected viral success of “Pokémon Pokopia” for the Switch 2. The game sold 2.2 million units in four days, becoming the fourth best-selling Switch 2 title. This success is seen as a catalyst for Switch 2 hardware sales, with investors hoping it will help meet Nintendo’s console sales forecast. Despite recent gains, Nintendo’s stock is still down 28% over six months due to market concerns like rising memory component costs.

Despite a record release of 400 million barrels from strategic reserves to stabilize oil markets amid Middle East tensions, prices surged past $100. Geopolitical conflicts are disrupting critical shipping routes, with new vessel attacks exacerbating supply anxieties. While domestic inflation remains steady, the ongoing conflict’s full economic impact is uncertain. New trade investigations have been launched amid fiscal concerns, and Google is divesting from its fiber unit as AI infrastructure demand rises. Airfares are expected to increase due to soaring jet fuel costs.