CoreWeave will buy crypto miner Core Scientific in an all-stock deal valued at about $9 billion, the company said on Monday, as AI infrastructure firms race to secure power supply to support their surging workloads.

Safroadu Yeboah-Amankwah, Intel's chief strategy officer, is leaving the company on June 30, marking another change under CEO Lip-Bu Tan. Tan, who took over in March, is streamlining leadership and directly overseeing key divisions like data center, AI, and personal computer chips.

Following the Air India crash in Ahmedabad, a fear of flying has gripped many in India. Dinesh K's therapy course in Bengaluru is seeing increased demand. People are cancelling flights and expressing anxiety. The crash video has heightened concerns. Travellers are now more particular about airline and aircraft choices. Air India faces scrutiny amid service concerns.

Apple's iPhone sales surged to the top position in China during May, contributing to a 15% year-on-year global sales increase in April and May. This marks Apple's strongest two-month performance since the pandemic, fueled by growth in China and the United States.

Pakistan plans to allocate 2,000 MW of electricity for bitcoin mining and AI data centers in its first phase, aiming to monetize surplus electricity and attract foreign investment. This initiative, led by the Pakistan Crypto Council, seeks to address challenges in the energy sector, including high tariffs and surplus generation capacity, while creating high-tech jobs.

New Zealand's Prime Minister Christopher Luxon proposed a ban on social media for children under 16, aiming to shield them from online dangers. The draft laws would require social media companies to verify user ages or face substantial fines. This initiative mirrors Australia's stringent regulations and seeks to address parental concerns about social media's impact on children.

Intel is reportedly preparing to slash over 20% of its workforce as part of a broader restructuring effort under new CEO Lip-Bu Tan. The move aims to streamline operations, reduce bureaucratic inefficiencies, and refocus on an engineering-driven culture. This follows previous job cuts and is driven by high costs, shrinking margins, and a strategic pivot to AI chips.

Taiwan Semiconductor Manufacturing (TSMC) is under U.S. investigation for potentially violating export controls by supplying chips that ended up in Huawei's AI processors. The U.S. Department of Commerce is examining TSMC's dealings with Sophgo, a Chinese design company, with a possible penalty exceeding $1 billion. This situation strains U.S.-Taiwan relations amid trade renegotiations and increased scrutiny of export violations.

U.S. tariffs on Chinese imports could increase iPhone prices significantly. Apple faces a choice: absorb the costs or pass them on to consumers. Analysts predict price hikes up to 43%, potentially raising the iPhone 16's cost to $1,142. This could impact demand, especially as iPhone sales have been sluggish due to unimpressive AI features.