Markets

Provenance Gold Corp. is advancing its Eldorado East project, expanding its footprint with new claims near its core Eldorado property. Recent fieldwork confirms mineralization similar to Eldorado West, with initial sampling underway. Geologists are investigating the potential of black shale contact zones for high-grade gold deposits, focusing future exploration on Eldorado West. The company plans extensive data compilation, a drone survey, and drilling in the fall, pending permits.

BYD is aggressively pursuing legal action against online defamation and disinformation campaigns. Publicly announcing a crackdown on “black public relations” and media tactics, the EV giant is suing 37 accounts with 126 more under review. BYD has already won cases, with individuals ordered to apologize and pay damages for spreading false information, demonstrating their commitment to protecting their reputation and market fairness.

Micron has begun shipping samples of its 1γ LPDDR5X memory, targeting next-gen AI smartphones. This advanced, low-power DRAM boasts industry-leading 10.7Gbps speeds, up to 20% lower power consumption, and the thinnest packaging in the industry at 0.61mm. This marks a significant advancement in mobile memory, utilizing EUV lithography. Competitors like Samsung and SK Hynix are also developing their own 1c DRAM solutions, intensifying the competition in the mobile memory market.

OpenAI is expanding access to its ChatGPT “Memory” feature to all users. This allows the chatbot to retain conversation context, improving interaction cohesion. While free users gain short-term memory, paid subscribers retain more extensive memory capabilities. Control and privacy are prioritized, giving users options to disable Memory and manage data storage. This move is a strategic response to growing AI competition, aiming to boost user acquisition and solidifying OpenAI’s market position.

Cisco’s new global study reveals IT leaders are modernizing their networks to support AI. 97% recognize network modernization as crucial for AI, IoT, and cloud technologies. The study highlights the need for robust, resilient networks to mitigate outages, which cost businesses $160 billion annually. Upgrading infrastructure is expected to drive revenue, reduce costs, and improve customer experiences, backed by C-suite support.

Transgender boxer Iman Khalifa was reclassified as male after tests revealed an XY chromosome profile, indicating male DNA. The IOC reportedly knew of the “abnormal” results before the 2024 Paris Olympics but allowed her to compete, where she won a women’s boxing title. The WBO now requires further testing for future competitions as a female. Opponents raised concerns about Khalifa’s physical advantages.

The People’s Daily criticizes the ongoing price war in China’s EV market, highlighting concerns about its long-term impact. The article urges automakers to shift focus from price to value, emphasizing technological innovation and high-quality offerings. It observes a transition towards a value-driven market, driven by consumer demand for advanced features and personalized options, advocating for sustainable growth over short-term gains and inflated valuations.

WISeKey International Holding Ltd. announced a minor change to its 2025 Annual General Meeting (AGM), postponing it from June 19 to June 27, 2025, at the same time and location in Zurich, Switzerland. The agenda and proposals remain unchanged. WISeKey focuses on cybersecurity, blockchain, and IoT solutions, securing digital identities and the Internet of Everything.

Broadcom unveiled Tomahawk 6, the world’s first 102.4Tbps data center switch chip. Designed for AI, it doubles existing switch performance, supporting up to 100,000 GPUs and boosting GPU cluster utilization. The chip offers flexible architecture with features such as 100G/200G SerDes interfaces and CPO support. Tomahawk 6 promises to reduce AI training costs, with further energy efficiency improvements planned by the end of 2025.

At the Snowflake Summit 2025, Sam Altman warned that AI is rapidly replacing entry-level employees, with companies using AI agents for foundational tasks. Studies show a 25% hiring drop for junior roles at tech giants. Experts predict substantial job displacement and potential mass unemployment within the next five years. The CEOs of OpenAI and Anthropic emphasize the urgent need to address this evolving workforce transformation.