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According to The Information, SambaNova, an AI chip company backed by Intel (INTC.O), is poised to see its valuation increase fivefold to $10 billion. SambaNova plans to raise between $800 million and $1 billion.

Alibaba (BABA.N) dipped slightly, with the decline widening to 3%.

According to Fox News: The funds will also be used for verification and validation work.

On June 25th, according to CNN, four sources familiar with the matter revealed that the pilot of the US F-15 fighter jet shot down in Iran in April recalled witnessing a shocking sight before being ejected: multiple Iranian drones hovering in the air, moving in a perfectly synchronized formation, resembling jellyfish. This incident sparked a heated debate within the US intelligence community, which continues to this day. If the pilot did indeed witness his described scene—a coordinated formation—it would represent a remarkable leap forward in Iranian drone capabilities. Sources revealed that the pilot described the multiple Iranian drones as interconnected, moving as a single entity, with "smaller drones positioned like legs beneath larger ones, like something out of an alien apocalypse."

Iranian Foreign Ministry Spokesperson: The United States must avoid interpreting the explicit text of the memorandum of understanding in a way that contradicts its literal meaning and fulfill its commitments.

Market news: Qualcomm (QCOM.O) said its automotive business will generate $6 billion in annualized revenue for fiscal year 2026.

A U.S. appeals court upheld the original ruling, preventing the Justice Department from obtaining Michigan's voter register.

According to the Wall Street Journal, a startup founded by veterans of Anthropic plans to help scientists develop their own artificial intelligence.

Hang Seng Index futures closed down 0.29% at 23,322 points in overnight trading, a discount of 90 points.

According to the Financial Times, prediction market platform Kalshi is in talks to raise funds at a valuation of $40 billion.

Qualcomm: Qualcomm is working with a hyperscale customer to develop a new type of communication chip.

The White House plans to request more than $1.4 billion from Congress to combat the Ebola outbreak.

Philip, Secretary General of the Gas Exporting Countries Forum: Gas demand will begin to recover in the third quarter as the war with Iran ends.

Qualcomm's head of data center business: Qualcomm will launch its second-generation HBC chip in 2028.

June 25th - As of 2:30 PM closing, the main Shanghai gold futures contract fell 2.45% to 875 yuan/gram, the main Shanghai silver futures contract fell 6.31% to 13,956 yuan/kilogram, and the main SC crude oil futures contract fell 3.78% to 471 yuan/barrel.

June 25th - According to sources familiar with the matter, two top AI researchers at Alphabet's Google (GOOG.O) are planning to leave for rival Anthropic. This move exacerbates a series of key talent departures within the company and could weaken the search giant's position in the field of artificial intelligence. Sources indicate that Jonas Adler and Alexander Pritzel are set to join Anthropic; both are considered key contributors to Google's Gemini AI model within Google. Adler previously worked on the company's AI programming projects, while Pritzel was involved in training the AI systems.

U.S. Department of Transportation: Domestic airfares in the United States rose 4.7% in the first three months of 2026.