Techmeme
August 23, 2026, 12:25 PM

Top News

Telegraph:
Sources: Iran-linked hackers shut down a small UK power plant for four days, coinciding with a wave of Iran-affiliated attacks on US water utilities  —  Unprecedented cyber attack believed to be most successful of its kind  —  Tony Diver , Political Editor.  Rozina Sabur , National Security Editor.
Mark Gurman / Bloomberg:
Sources: foldable iPhone feels durable, fits well in a pocket, has useful iPad-like app layouts, excels as a camera viewfinder but lacks telephoto and Face ID  —  Also: Get ready for iPhone price hikes.  —  Apple is about to bring some of its product magic back with its first foldable iPhone.
Raffaele Huang / Wall Street Journal:
The careers of Z.ai's Tang Jie and Moonshot AI's Yang Zhilin, once teacher and pupil at Tsinghua University, show that China's AI leap is no sudden development  —  University lab nurtured the computer scientists who are using ingenuity and imitation to chase down Anthropic and OpenAI; ‘they know perfectly how to monetize their work’
Bloomberg:
Sources: some of Nvidia's top customers have been told that prices will jump 15%+ on systems, including Vera Rubin and Grace Blackwell, starting in early 2027  —  Some of Nvidia Corp.'s biggest customers have been told that the prices of servers containing its artificial intelligence chips …
Rohail Saleem / Wccftech:
Ox Alpha, a “stealth model” from an unknown AI lab with a 1M-token multimodal context and capacity for 100T tokens/day, goes viral after launching on OpenRouter  —  When an unknown AI lab drops an anonymous model - Ox Alpha - for free, while declaring that they have the capacity …
Reuters:
Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close  —  China's Alibaba (9988.HK) on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development.
Jagmeet Singh / TechCrunch:
Sources: Flipkart Minutes, the quick commerce service of Walmart's Flipkart, is now delivering 1.1M-1.2M orders per day, up from ~390K-400K in November 2025  —  Indian startups spent years getting consumers accustomed to having groceries and everyday goods delivered within minutes.
Financial Times:
Semiconductor cram schools are flourishing in Seoul as applications to Samsung and SK Hynix surge, fuelled by record earnings and eye-catching worker bonuses  —  Private tutors teach semiconductor basics and help polish CVs for hopefuls looking to join lucrative sector
Financial Times:
The popularity of risky leveraged chip ETFs in South Korea prompted regulators to cap individual exposure and mandate a weeklong investor education course  —  Leveraged single-stock ETFs attracted billions of dollars of net inflows even as they plunged during market sell-off

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