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Showing posts from October, 2026

Binance Hit by $6.3B Hack: If the Largest Exchange Can Be Breached, No Company Is Immune

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If the world's largest crypto exchange can be breached, no company is immune. Attackers are using modern, sophisticated methods, chaining a compromised laptop, cloud access and newer blockchain features, and the biggest theft on record shows that even top crypto companies with large security teams can be hit. At around 4:20 PM ET on October 29, 2026, attackers drained about $6.3 billion from Binance hot wallets across multiple chains, according to Binance . Chainalysis puts the figure at about $6.4 billion. It is the largest crypto theft on record. How the attackers got in Binance's initial finding was that a DevOps engineer's laptop had been compromised, giving the attackers access to a service container. The exchange says it has found no evidence that private keys were leaked. The picture has since widened. As CoinDesk reports, co-CEO Richard Teng said investigators found additional breach points, a self-destruct mechanism used to erase evidence, and abuse of Ether...

SK hynix's Record Quarter Explained in 5 Minutes

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Tech earnings can be hard to follow. Trillions of won, operating margins, buybacks. So here is a simple explainer of the SK hynix results that came out on October 28, 2026, and why they matter even if you never think about memory chips. Who is SK hynix? SK hynix is a South Korean company that makes memory chips. One of its most important products is high-bandwidth memory (HBM), which sits next to AI processors, such as those made by Nvidia, and feeds them data at very high speed. Modern AI systems need a lot of it. The headline numbers From SK hynix's announcement, plus coverage from Yonhap, AFP and CNBC: Revenue: 104.62 trillion won (a record) Operating profit: 83.33 trillion won, up 632% from a year earlier (a record) Net profit: 39.78 trillion won Shareholder payouts for 2026: about 100 trillion won, or roughly $75 billion according to Bloomberg. That includes more than 30 trillion won in dividends and more than 60 trillion won in buybacks and cancellations, with a...

Claude Gets 40% Cheaper for US Governments: A Plain-English Breakdown

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If you follow AI news, you have seen a lot of pricing headlines this year. This one is different because of who it helps. On October 27, 2026, the US General Services Administration (GSA) and Anthropic announced a deal that cuts the price of Claude by 40% for government buyers, and for the first time that includes state, local, tribal and territorial governments, not just federal agencies. Let me walk through what it is, why it happened, and who should care. What is OneGov? OneGov is GSA's program for negotiating technology deals once on behalf of the whole government, so each agency does not have to negotiate separately. GSA says OneGov has saved more than $1.8 billion since it began, about $1.6 billion of that through AI agreements. What is in the new Claude deal? From GSA and Anthropic's announcements: 40% discount on token-based usage of Claude models available to government Covers Claude Enterprise, Claude for Government and the Claude API No minimum purchase ,...

Apple Lets Outside AI Agents Into Pages, Keynote and Numbers: 5 Things to Know

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Apple made a pile of announcements on October 27, 2026, and one of them is easy to miss. Buried in the news about its Creator Studio apps is a change that could shape how businesses use AI on the Mac. Here are the five things worth knowing. 1. Keynote, Pages and Numbers are getting MCP MCP stands for Model Context Protocol. It is an open standard that lets AI agents connect to apps in a structured way. Apple says the new MCP support lets external AI agents and tools read content, make edits and run automated actions directly in Keynote, Pages and Numbers. In everyday terms: an AI agent you already use could soon update your spreadsheet, rewrite a section of your report, or rebuild slides, without you copying and pasting anything. According to The Verge and TechRepublic, this works on macOS 27 or later. 2. There is also a built-in assistant Each of the three apps gets its own assistant, in beta. Apple says it is built on Apple models and OpenAI and understands the document you hav...

Amazon's Fall Echo Event: Every New Device, and the Business Angle Nobody Mentions

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Amazon unveiled its fall Alexa lineup on October 28, 2026. If you just want the list of gadgets, it is right below. If you work in tech, stick around for the second half, because there is a business story here too. The lineup at a glance Device What it is Availability Echo Show 16 16-inch smart display with Fire TV, 13MP night-vision camera, photo-frame mode $499.99, preorder now, launches Dec 16 Echo Studio with Home Camera Premium speaker with a live-view camera so Alexa+ can understand the room Available now Echo Time Bedside smart clock with sleep sensing, no camera Available now Alexa Photo Frame 10-inch Alexa-powered photo frame synced with Amazon Photos Available now Echo Dot (upgraded) Smaller speaker, now with a built-in smart home hub Available now Availability details come from The Verge's roundup, which says almost all the new gear is on sale now, with the Echo Show 16 coming in December. The three big ideas 1. Alexa+ is getting ...

Quick Take: Oracle Will Rent Out Google's AI Chips Starting 2027

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Big cloud news from Las Vegas this week, and it is one of those stories that sounds technical but is really about money and choice. Let me break it down in plain terms. The short version On October 27, 2026, Oracle and Google announced that Google's TPUs (the custom chips Google designs to run AI) will be available on Oracle Cloud Infrastructure. Until now, the only way to rent TPUs was through Google Cloud. Oracle says OCI will be the first big cloud outside Google to offer them. When? Calendar year 2027, ramping up over several years. Wait, what is a TPU again? A Tensor Processing Unit is a chip built specifically for machine learning. Graphics processors (GPUs), mostly from Nvidia, dominate AI today. TPUs are Google's alternative. The newest generation has two versions: TPU 8t , for training models TPU 8i , for inference, meaning actually running models and AI agents for users Is Oracle dropping Nvidia? No. That was the first question CNBC asked, and Oracle's...