Crypto News: Oracle’s creative cost containment

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Tech Across the Globe

Apple's build-out in India: The company increased iPhone production in India by more than 50% last year and now makes about a quarter of its marquee devices in the country.

TSMC's sales: The go-to chip manufacturer for Nvidia and Apple reported a 30% jump in revenue during the first two months of 2026 — running slightly behind analysts' lofty projections.

Meta makes an AI deal: The social media company is buying Moltbook, an experimental site that has been described as Reddit for AI bots.

Revalued

Nexthop AI, which builds hardware and software for artificial intelligence data centers, raised $500 million in a funding round valuing the startup at $4.2 billion. Lightspeed Venture Partners led the investment, which included Andreessen Horowitz and existing backers Altimeter Capital and Kleiner Perkins. Nexthop, founded in 2024, enters a market against established tech companies such as Hewlett Packard Enterprise, Cisco and Arista Networks.

Must Read

Oracle is taking multiple steps to fund its massive build-out of data centers and feed demand for AI workloads, Brody Ford reports in today's Tech In Depth. The effort includes the novel step of making some of Oracle's customers pay the upfront costs of pricy AI chips, he writes.

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