tech

Bitdeer Technologies Group submitted Form 6-K to the SEC on October 19, 2026, and released the production and operational update for September 2026. The company announced a new AI cloud capacity agreement in Malaysia, with the A201 facility receiving over 70% of purchase commitments, expecting over $1.7 billion in revenue over five years, and AI cloud revenue backlog increasing to approximately $2.9 billion. Bitcoin production reached 1,355 coins, a year-on-year increase of 200%.The company also acquired 200 acres of land near the Rockdale plant in Texas to support AI/HPC infrastructure development and announced a 16-year lease for the Tydal data center in Norway, with a total contract value of approximately $4.7 billion.

According to Gate market data, the storage sector in the U.S. stock market saw a general rise before the market opened, with Micron Technology up 2.4%, SanDisk up 3.64%, SK Hynix up 3.6%, and Western Digital and Seagate Technology both up over 2%.

According to Beating reports, Lei Feng Network interviewed several headhunters and found that major domestic internet companies are tightening their recruitment quotas but are still willing to break salary limits for top AI talents. Headhunters revealed that this year, some outstanding fresh graduates in foundational model directions have annual packages reaching 2 million yuan; ByteDance Seed and Xiaohongshu's highest offers have reached 4 million to 5 million yuan, while Baidu is in the range of 2 million to 3 million yuan.The high salaries for talent are exacerbating internal salary discrepancies. An internet professional stated that some employees in foundational models have lower job levels but earn more than their higher-level colleagues. Similar situations emerged as early as 2017; an experienced engineer recalled that at that time, a returnee fresh graduate who joined a year later and was at a lower job level had a monthly salary 10,000 yuan higher than his own, leading to a monthly turnover of about 10% in a team of over thirty people.Headhunters noted that application-side positions are shrinking, while foundational model teams still lack individuals who can truly train large models. Coding Agents, model evaluation, pre-training data, and Agent infrastructure have become new focal points for talent acquisition; DeepSeek has recently been expanding its recruitment for backend developers and Agent Infra engineers, while the hiring enthusiasm in areas like AI search has decreased. Companies are not only looking at academic qualifications and papers but also place greater importance on whether candidates have actually trained large-scale models in leading teams; the salaries and responsibilities of scarce talents can be negotiated separately, while competition among ordinary AI job seekers is more intense.

According to Jinshi news, the Ministry of Commerce and 8 other departments have released opinions on accelerating the promotion of technology-driven commerce. The opinions propose to promote the iterative upgrading of commodity supply, deeply implement the "Artificial Intelligence + Manufacturing" special action, accelerate the deep integration of artificial intelligence technology with product research and development, design, manufacturing, and marketing, enrich the supply of smart products such as smartphones, computers, home appliances, wearable devices, and robots, and encourage the research and application of smart products based on secure and reliable open-source operating systems.The opinions also propose to accelerate the transformation and upgrading of historical classic industries, develop classic high-quality products, build a lineup of Chinese consumer brands, and explore consumer brands that are independently innovative and of high quality. Vigorously develop technology-driven agriculture, promote the quality and efficiency of high-quality specialty agricultural products, encourage time-honored brands to innovate while maintaining their essence, and support time-honored enterprises in using modern production technologies for product innovation.

Mark Newton, an analyst at Tom Lee's fund, stated in an interview with CNBC that it is currently suitable to buy technology stocks on dips, but investors need to maintain diversified allocations and be prepared for sector rotations.In the past month, cross-asset volatility has significantly increased, with the S&P 500 index recently falling about 6%, and the technology sector also experiencing notable adjustments over the past week. However, compared to the gains in September, he believes the damage to technology stocks has been relatively limited.This year, the market has consistently shown characteristics of sector rotation, initially with the energy sector rising nearly 40%, then the momentum spreading to the technology sector, and now shifting towards the healthcare sector, which has reached an all-time high. Investors need to be prepared for sector switches and maintain diversified allocations.Steve Sosnick, Chief Strategist at Interactive Brokers, reminds that even if investors do not actively allocate to AI, they may still hold a high exposure to technology stocks through S&P 500 index funds. Currently, the market remains focused on sector rotation, but he is concerned about the continued decline of technology stocks and that investors are beginning to question the return on AI investments.

The credit default swap (CDS) market shows that the CDS prices of technology companies such as Microsoft, Nvidia, Meta, and Amazon have surged significantly since the fall of 2025, with some even doubling.This indicates that investors are questioning whether the artificial intelligence boom can generate sufficient returns to support large-scale debt investments. The market is concerned that technology companies may face excessive debt burdens, similar to the situation before the 2008 financial crisis.

Changxin Technology announced that it expects its operating revenue for the first three quarters of 2026 to be approximately 265 billion to 270 billion yuan, an increase of 232.916 billion to 237.916 billion yuan compared to the same period last year; it is expected that the net profit attributable to shareholders of the listed company will be approximately 131 billion to 132.5 billion yuan, compared to a loss of 5.28 billion yuan in the same period last year, achieving a turnaround.The company stated that due to the growth in demand for AI computing power and the improvement in the prosperity of the DRAM industry, there is a supply shortage of products and prices have risen sharply; the company is advancing capacity construction, product research and development, and process technology improvements, optimizing operational management and expanding the market.In addition, the company's chairman, Zhu Yiming, proposed to repurchase company shares for 1 billion to 2 billion yuan, with the repurchased shares intended for employee equity incentives, employee stock ownership plans, or reducing registered capital. The relevant plan still needs to go through the review process.

According to Bitcoin Magazine, Amy Oldenburg, head of Morgan Stanley's digital asset-related business, stated in a video interview with Bitcoin Magazine that the investment logic of Bitcoin as "digital gold" is "quite sound." However, she hopes to see Bitcoin's trading performance align more closely with gold, rather than being highly correlated with technology-related risk assets. She mentioned that factors such as the correlation between Bitcoin and gold, demand for stablecoins, concerns about quantum computing, artificial intelligence, and inflation are all influencing the market's demand for Bitcoin.She also stated that she would not define Bitcoin's prospects based on a single day's market performance or a specific inflation data point. The interview also covered topics such as the application of stablecoins and USDT on the Bitcoin network, the client composition of Morgan Stanley's spot Bitcoin ETF, the pathways for clients to transfer self-held Bitcoin into ETF shares, and borrowing against Bitcoin ETFs and spot Bitcoin as collateral.In addition, Oldenburg introduced how Morgan Stanley assesses quantum risks and discussed how asset tokenization could change various asset classes, as well as the role of Morgan Stanley's Digital Asset Lab and AI agents in the future "agent economy."

According to Bloomberg on October 16, China proposed to include advanced artificial intelligence technology in the export control list, which may restrict the overseas transfer of AI models and chips in order to implement stricter controls on domestic progress in this strategic field.The draft covers 23 AI technologies, including large language models, intelligent agents, chip design, and computing power clusters. Restricted technologies include model weights and source code for products exceeding specific performance thresholds, with relevant policy texts available on the public page of the Ministry of Commerce of China.

NVIDIA and Mercedes-Benz's technology will support SAE Level 4 autonomous driving and driverless cars.

According to BBX data, yesterday global listed companies and treasury institutions disclosed the latest developments in digital asset treasury allocation and mining operations, with the core information as follows:Hyperliquid Strategies has purchased an additional 180,000 HYPE, with total holdings exceeding $3 billion: The treasury company Hyperliquid Strategies disclosed that it recently bought another 180,000 HYPE in the secondary market, valued at approximately $14.3 million. Following this large purchase, the total amount of HYPE held by the company has increased to 38.7 million, with a current valuation of about $3.08 billion. Meanwhile, its cash holdings on the balance sheet decreased by $8.2 million, down to $255.3 million.Canaan mined 44 bitcoins in September, Nordic waste heat heating project fully operational: Nasdaq-listed mining company Canaan announced in an operational update that in September 2026, the company mined 44 bitcoins from its own operations (this data does not include joint venture project output). As of the end of September, its balance sheet held a total of 1,875 bitcoins, with the installed computing power of non-joint venture projects reaching 10 EH/s. In addition, the company's 8-megawatt regional heating project in Northern Europe has been fully operational, innovatively utilizing mining waste heat to provide stable heating services to approximately 2,800 local households.The Smarter Web Company increased its holdings by 83 bitcoins: London-listed technology company The Smarter Web Company officially announced that it has recently increased its treasury holdings by purchasing an additional 83 bitcoins. Following this purchase, the company's total bitcoin holdings have steadily risen to 2,830 BTC.

According to Gate market data, Micron Technology (MU.O) turned positive during the session after previously falling more than 6%.

Gate gStocks shows active performance on the gainers list, with U.S. stock tokens and technology-related leveraged ETFs leading the gains. According to the latest market data from Gate, BitGo Holdings tokenized stock (BTGOON/USDT) has risen 15.22% in the last 24 hours, currently priced at $7.473; the 2x long ETF of Maiwell Technology (MVLLG/USDT) has increased by 11.54% in the last 24 hours, currently priced at $37.32; the 2x long ETF of Intel (INTWG/USDT) has risen 10.16% in the last 24 hours, currently priced at $23.20.Gate gStocks adopts a 1:1 fully-backed native stock reserve mechanism, where each tokenized security corresponds to an equal number of native stocks as underlying asset support, and supports 24/7 trading, unified account management, and a minimum investment of 1 USDT with fractional trading. Users can participate more flexibly in global popular stock investments, achieving a one-stop allocation of digital assets and traditional securities. As the ecosystem of tokenized securities continues to enrich, Gate gStocks will continue to expand more quality stocks and ETF targets, providing users with more diverse global asset allocation options.

On October 13, 2026, the Bank for International Settlements Innovation Hub released the second phase report of the Aurum project, themed "Exploring Privacy-Enhancing Technologies for Digital Cash." This phase implements a privacy-protecting digital cash prototype based on the existing Aurum codebase, helping policymakers understand how relevant technologies can alleviate the dilemma between privacy and compliance in digital cash.The prototype adopts the principles of privacy by design and default privacy, demonstrating practices that lie between complete anonymity and complete transaction transparency, and achieving customizable features to meet business needs in compliance and operations. The project indicates that privacy can be embedded in the design of digital cash through technology, rather than solely relying on institutional guarantees, thereby reducing unnecessary exposure of personal and transaction data while maintaining compliance and system integrity.Privacy-protecting designs can assist central banks and policymakers in understanding the relevant considerations and trade-offs. The prototype's functionalities demonstrate policy flexibility between privacy, transparency, compliance, and other attributes, which can be calibrated according to different policy choices and risk preferences. In addition to digital cash, central banks can further explore privacy-enhancing technologies in more use cases, with the report listing several usage experiences.

The Bank of America Global Fund Manager Survey shows that investors' overweight in technology stocks has reached the highest level since August 2020.

On October 13, Tesla CEO Elon Musk stated on social media platform X: Once China masters the manufacturing methods for a certain type of product, its ability to scale production often exceeds that of the rest of the world combined. He cited lithium batteries and solar energy as examples, claiming that China has demonstrated this characteristic in these fields. This statement was in response to a discussion about memory manufacturer Changxin Storage.The poster Melvin believes that Changxin is already a competitor that cannot be ignored, but whether new technology can stably achieve large-scale mass production still depends on yield, cost, and reliability. He also noted that memory demand is still growing, and an increase in production capacity does not mean that the market will immediately experience oversupply. Regarding memory, Musk mentioned that about three years ago, memory was still a low-margin commodity, with LPDDR5 and LPDDR6 designed according to common standards, and China seems to be rapidly solving related technical issues.Musk also pointed out that the new generation of high-bandwidth memory architecture is more difficult to tackle. Another challenge is placing a layer of SRAM beneath the logic chip and stacking RAM in three dimensions above it while addressing the heat dissipation issues of the logic chip. Phoenix Technology cited public information stating that on September 7, Changxin Storage announced that LPDDR6 has entered mass production and was first commercially used in the Xiaomi 18 Fold, with a capacity of 16 GB, compliant with JEDEC's LPDDR6 standard. Subsequently, Changxin announced that its fifth-generation DRAM process platform has achieved mass production and launched two LPDDR5X products based on this platform, aimed at smartphones and portable consumer electronics, with a single bare chip capacity increased by 50% compared to the previous generation of similar products.