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Tech Across the Globe

Charges in TSMC case: Taiwanese prosecutors charged three people for allegedly stealing trade secrets from TSMC, the latest in an investigation that underscores the sensitive nature of chipmaking technology.

Weaponized AI: A hacker used Anthropic’s artificial intelligence coding tool in a data theft and extortion operation that has affected at least 17 organizations. The victims have spanned government, health care, emergency services and religious institutions.

Snowflake’s strength: The company said annual sales would increase 27%, topping estimates and easing the anxieties of investors who have driven software stocks down on concerns about the economy and competition from new AI providers.

Revalued

Vercel, a 10-year-old startup that helps companies develop web and artificial intelligence applications in the cloud, is raising hundreds of millions of dollars at a valuation of about $9 billion, according to people familiar with the matter.

Must Read

The tussle for AI supremacy between Washington and Beijing is increasingly finding expression in companies from Hangzhou, a 50-minute high-speed train ride from Shanghai, Saritha Rai reports in today’s Tech In Depth. The city has emerged as China’s newest AI hub, she writes.

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This Week in Cyber Bulletin

Hacks have increased against US states and cities since the Trump administration in March said it would cut funding to a group designed to help local governments with their cyber defenses, Jeff Stone reports in this week’s Cyber Bulletin.

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