TECH BULLETIN

Wednesday, August 12, 2026

Tech Market Context: Macro Drivers

Key macro instruments that drive tech market movements: yields, dollar, risk appetite

Market Commentary

Today's Interesting Company News

Zhibao Technology Inc. Establishes Joint Venture With Dongbaohui, Unlocking a New Chapter in AI-Native Embedded Long-Term Insurance Services

(NASDAQ: ZBAO) Zhibao Technology Inc. has partnered with Dongbaohui to establish a strategic joint venture focused on driving AI-native embedded long-term insurance solutions. The joint venture will be chaired by Mr. Min Lu, founder of Dongbaohui and former Executive Director and Chief Insurance Business Officer of Ping An Insurance Group, with Mr. Yugang Wang, CTO of Zhibao Technology, serving as General Manager. Zhibao has established partnerships across more than 3,100 B-side business scenarios, delivering digital insurance brokerage services to over 27 million individual and SME customers. In 2025, Zhibao launched ZBOT, an AI sales assistant, and in early 2026, launched ten new AI agents to enhance operational and service capabilities. The joint venture will combine Dongbaohui's AI intelligent operating system and 'AI Insurance Marketing Drone' with Zhibao's 2B2C embedded capabilities. Zhibao Technology Inc. is a leading InsurTech company providing digital insurance brokerage services through its operating entities in China. Zhibao China Group launched the first digital insurance brokerage platform in China in 2020, powered by their proprietary PaaS.

Maison Luxe Announces Execution of Definitive Share Exchange Agreement With Moonshot Studios

(OTC:MASN) Maison Luxe, Inc. announced that it has executed a definitive Share Exchange Agreement with Moonshot Studios, a South African-based artificial intelligence marketing and business support agency. The agreement follows the successful completion of the Company's due diligence process. Management determined that the transaction represents a significant strategic opportunity to support Maison Luxe's long-term growth initiatives. The execution of the Share Exchange Agreement constitutes a material corporate event and reflects the Company's continued efforts to position itself for future expansion through the acquisition of an operating business with established expertise in AI-driven marketing, digital communications, and business support services. Management believes that Moonshot Studios' capabilities have the potential to strengthen the Company's operational platform and support future business development initiatives. MASN has been restored to OTCID Current Information status. Management will continue to maintain this status and remains committed to timely and accurate disclosure with OTC Markets and ongoing transparency with shareholders.

AITX's RAD Secures Rapid Follow up Order From Recently Signed National Dealer

(OTC:AITX) Artificial Intelligence Technology Solutions, Inc. announced an order for three ROSA stationary security units from a recently signed national dealer ranked among the top 10 security services providers in the United States. This second order follows the dealer's initial RAD order announced August 5, 2026. The three ROSA units are expected to be deployed over the next several weeks at a property operated by a prominent publicly traded real estate investment trust. Effective May 1, 2026, SARA became standard with every ROSA deployment. RAD has published seven Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at construction sites, mobile home parks, retail centers, hospital campuses, and multi-family communities across the country. AITX is redefining the nearly $50 billion (US) security and guarding services industry with its AI-driven Solutions-as-a-Service model. RAD solutions are specifically designed to deliver cost savings of between 35% and 80% compared to traditional manned security and monitoring.

Cineverse Launches VAUDIO™ to Help Brands Expand Audio Campaigns to CTV

(NASDAQ:CNVS) Cineverse announced the launch of VAUDIO™, a new proprietary ad tech offering that enables advertisers to expand audio campaigns to connected TV (CTV) without requiring a traditional video shoot. Cineverse President and Chief Strategy Officer Erick Opeka stated that VAUDIO™ can contribute up to $12 million in annual revenue at a 15 to 20 percent contribution margin, targeting that run rate by the end of the fiscal year. VAUDIO™ is built on IndiCue's existing ad infrastructure and was developed and marketed by the same team, requiring minimal incremental investment. Advertising partners at launch include A24, Aura Entertainment, NEON, Signature Entertainment, and Well Go USA. Cineverse distributes more than 66,000 premium films, series, and podcasts across theatrical, home entertainment, and streaming.

Cypherpunk Technologies Reports Second Quarter 2026 Financial Results

(NASDAQ:CYPH) Cypherpunk Technologies Inc. reported financial results for the second quarter ended June 30, 2026, with net income of $39.4 million, or $0.18 per diluted share, compared to a net loss of $16.6 million for the second quarter of 2025. Cypherpunk increased its Zcash treasury holdings to 323,394.38 ZEC at an average purchase price of $341.83, representing approximately 1.92% of the total circulating supply of the Zcash network. The company appointed Dev Ojha, founder of Valar Group, as an Advisor. Leap Therapeutics, a subsidiary of Cypherpunk, reached alignment with the FDA on a proposed Phase 3 trial in a DKK1-high, second-line, metastatic colorectal cancer population. Sirexatamab received Fast Track designation from the FDA in May 2026. Cash and cash equivalents totaled $7.6 million on June 30, 2026, and ZEC treasury holdings totaled $129.4 million based on the ZEC price of $400.09 on June 30, 2026.

WhiteFiber Reports Second Quarter 2026 Results

(NASDAQ:WYFI) WhiteFiber, Inc. announced financial results for the second quarter ended June 30, 2026, reporting total revenue of $28.8 million, an increase of 54% from $18.7 million in the second quarter of 2025. Cloud Services revenue was $23.8 million, up 43% from $16.6 million in the prior-year period, and included approximately $12.3 million associated with a previously disclosed customer termination. Colocation revenue was $4.7 million, an increase of 173% from $1.7 million in the prior-year period. Gross profit excluding depreciation and amortization was $17.1 million, representing a gross margin of approximately 59.4%. Operating loss was $9.3 million, compared with an operating loss of $9.2 million in the prior-year period. Net loss was $15.0 million, or $0.39 per diluted share, compared with a net loss of $8.8 million, or $0.33 per diluted share, in the prior-year period. Adjusted EBITDA was approximately $5.5 million, an increase of 69% from approximately $3.3 million in the prior-year period.

SU Group Holdings' Fortune Jet to Expand Security Training and Advisory Services Across Greater China

(NASDAQ:SUGP) SU Group Holdings Limited announced that its subsidiary, Fortune Jet Management & Training Co. Limited, has signed a three-party memorandum of understanding to develop an integrated security training, certification and practical-experience platform serving enterprises across Greater China. Fortune Jet entered into the MoU with Bastion Strategy Education Consulting (Shenzhen) Co., Ltd. and the Security Services Commercial Industry Association of Macau. The collaboration establishes a three-stage talent development platform spanning Shenzhen, Hong Kong and Macau. The program will target large-scale Mainland Chinese security enterprises seeking to modernize their operations, strengthen management capabilities and expand their access to Hong Kong and Macau. Planned services include management consulting, executive training, professional certification and cross-border business development support. SU Group primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong. SU Group has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades.

Ituran Presents Second Quarter 2026 Results

(NASDAQ: ITRN) Ituran Location and Control Ltd. reported record quarterly revenue of $104.8 million for the second quarter ended June 30, 2026, a 21% increase year-over-year. Subscription revenue for the quarter was $79.8 million, up 25% over the second quarter of last year. EBITDA for the quarter was $28.5 million, a 24% increase year-over-year. Net income for the second quarter of 2026 was $17.3 million, a 29% increase year-over-year. The company added 41,000 net subscribers in the quarter, bringing the total subscriber base to 2,711,000. The Board declared a quarterly dividend of $10 million, or $0.50 per share. During the quarter, $3.0 million in shares were purchased under the Company's share buy-back program.

Allot Announces Second Quarter 2026 Financial Results

(NASDAQ: ALLT) Allot Ltd. announced its unaudited financial results for the second quarter of 2026, reporting strong revenue growth to $27.7 million, up 15% year-over-year. Security-as-a-Service (SECaaS) revenues reached $9.4 million, increasing 47% year-over-year, and June 2026 SECaaS ARR was $36.1 million, up 44% year-over-year. GAAP operating income was $1.1 million, compared with a GAAP operating loss of $0.4 million in the second quarter of 2025. Non-GAAP operating income was $2.7 million, a significant increase compared with $1.2 million in the second quarter of 2025. Operating cash flow was $8.5 million, more than double compared with $4.0 million in the second quarter of 2025. On June 23, 2026, the Board of Directors approved a share repurchase program of up to $40 million. The company raised its 2026 revenue guidance to between $115 million and $118 million.

VIAVI Introduces Industry's First Channel Emulator for 6G and Wi-Fi 7/8

(NASDAQ: VIAV) VIAVI Solutions Inc. has announced the latest, enhanced version of the Vertex channel emulation platform. Vertex 6.0 features 400 MHz instantaneous bandwidth and supports carrier frequencies up to 23.6 GHz. Each 6U Vertex chassis supports 36 RF ports, 256 digital links and up to 1.6 GHz of bandwidth. The platform supports FR3 bands with up to 1 GHz of bandwidth for 6G networks. For Wi-Fi 7/8, it includes native support for 320 MHz and 4096 QAM, supporting 2x2 up to 8x8 configurations. Vertex 6.0 is the first upgrade following VIAVI's acquisition of Spirent Communications plc's high-speed Ethernet, network security and channel emulation testing business. VIAVI is a global leader in test and measurement and optical technologies.

Lockheed Martin, Verizon, Keysight, ODC and Astris AI Demonstrate Technology for Public Airspace Protection With NVIDIA Technology

(NYSE: LMT) Lockheed Martin, in collaboration with Verizon, NVIDIA, Keysight Technologies, ODC and Astris AI, showcased the NetSense™ Airspace Awareness-as-a-Service™ system during a July demonstration in the Miami area, demonstrating an AI-enabled system capable of identifying, tracking and monitoring UAS utilizing existing 5G networks. The NetSense system leverages Verizon's 5G network spectrum, ODC's AI-native Radio Access Network (RAN) software, NVIDIA's AI Aerial platform, and Keysight's advanced radio frequency (RF) simulation platform to detect and alert the team to the presence of drones and maintain track custody through the flight. The NetSense solution combines Lockheed Martin's warning and tracking systems, using AI to read RF disturbances, predict and track a UAS's flight path, and automatically send real-time alerts. The demonstration proved the NetSense system can sense UAS without changing existing cellular radio deployments, enabling at-scale, cost-effective sensing without recapitalization of cellular infrastructure. The NetSense system will be delivered as a subscription that interfaces with customer's existing security operations. Pilot deployments are planned for the second half of 2026 and early 2027, with commercial general availability planned for 2027. Early deployments will be limited to select customers that urgently need the capability.

Gamehaus Announces Strategic Shift Toward AI-Generated Content

(NASDAQ:GMHS) Gamehaus Holdings Inc. announced a shift in its strategic focus toward artificial intelligence ("AI")-generated content. The Company will progressively optimize its third-party publishing business in casual titles, particularly in the social casino category, and direct its resources toward the development and distribution of AI-generated content. The Company has begun managing its existing portfolio of casual and social casino titles on a cash flow- and profitability-oriented basis, with user acquisition and operating expenditure allocated according to return on investment rather than scale of installed base. This approach took effect during the current quarter and applies across the existing game portfolio. Earlier this year, Gamehaus completed a minority equity investment in a promising early-stage studio focused on AI-driven game generation. The Company intends to leverage AI-powered content creation capabilities and combine them with its existing publishing infrastructure, user acquisition platform and live-operations function, which together serve a global user base across major mobile app stores. Gamehaus believes that the applicability of AI-powered generative tools is not limited to casual games, and that comparable changes in production economics are emerging in short-form animated drama and in interactive formats that combine short-form drama with gameplay.

Seeing Machines: Advanced Robotics Development Contract

(AIM:SEE) Seeing Machines Limited has secured an Advanced Development Contract with a global industrial technology company focused on factory automation and human-robot interaction. The contract builds on capabilities showcased at CES 2026 through the Company's Perception Map technology, applying Human-Centred AI to improve how people and machines interact across operational environments. The initial program will deliver a robotics proof-of-concept application for a factory automation environment and is expected to establish a foundation for further collaborative development activities across industrial automation and robotics. Seeing Machines is an advanced computer vision company focused on transport safety and develops Driver Monitoring Systems (DMS) technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company was founded in 2000 and is headquartered in Australia, with offices in Australia, USA, Europe and Asia.

Sterling Digital: Site Commissioning Programme

(LSE:ASIC) Sterling Digital plc announced an update on the continued commissioning of its West Texas power-generation and Bitcoin mining site. The Company's two 2 MW Caterpillar natural gas generators are running and producing electricity, delivering approximately 1.6 MW net power. Sterling's five-year Gas Purchase Agreement secures access to up to 6,500 MMBtu per day from the WAHA pipeline and is expected to support up to 25 MW of computing capability. The next operational milestone will be the controlled energisation of Sterling's fleet of 420 ASIC mining servers, representing approximately 193,500 terahashes per second of computing capacity, followed by the commencement of Bitcoin production. Digital assets will be deposited into the Company's institutional-grade custody account with Coinbase, in accordance with Sterling's stated Bitcoin treasury strategy.

DorsaVi Commences Silicon Fabrication of First RRAM-CMOS Validation Chip

(ASX: DVL) dorsaVi has commenced physical manufacturing of its first resistive random-access memory (RRAM)-complementary metal-oxide-semiconductor (CMOS) validation chip, moving the program from completed design and manufacturing preparation into an active silicon wafer run. dorsaVi confirmed the manufacturing data package has passed foundry intake, with the wafer lot committed to fabrication and processing now underway on the front-end CMOS base. The current run will produce the transistor and circuit-level structures needed to support the RRAM memory array, peripheral circuits, and evaluation features before the RRAM-specific layers are added. The milestone advances the company towards silicon-level electrical testing and performance benchmarking while generating manufacturing knowledge intended to inform and de-risk a subsequent 22-nanometre (nm) implementation. Target applications identified by the company include smart exoskeletons and electromyography sensor nodes, robotic joint controllers, drones and self-guided vehicles, and always-on Internet of Things edge sensors. The current 180nm validation run will look to generate silicon-level learning that can inform and de-risk the broader 22nm RRAM program. dorsaVi is developing the RRAM platform as local, low-power memory infrastructure for the physical AI market, where systems process information and make decisions on-device rather than relying on cloud connectivity.

Sylogist Announces Second Quarter 2026 Results

(TSX:SYZ) Sylogist Ltd. announced its financial results for the three and six-months ended June 30, 2026, reporting total revenue of $14.7 million, a year-over-year decrease of 6.5%. SaaS subscription revenue was $8.3 million, up 5.4% year-over-year, and recurring revenue was $11.2 million, up 2.2% year-over-year. SaaS ARR increased 6% year-over-year to $33.5 million, and total ARR increased 3% year-over-year to $45.0 million. The company reported a gross profit margin of 57% and recurring revenue at 76% of total revenue. Net loss for the period was $2.8 million, and adjusted EBITDA margin was 10.8% or $1.6 million.

Pixelworks Reports Second Quarter 2026 Financial Results

(NASDAQ: PXLW) Pixelworks, Inc. announced financial results for the second quarter ended June 30, 2026. The company secured Kinepolis Group's endorsement and preferred exhibition of TrueCut Motion-enhanced versions of theatrical titles on Kinepolis' Laser Ultra large format screens across Europe and North America. Pixelworks announced a partnership with China Film CINITY Co., Ltd., expanding the TrueCut Motion ecosystem and prioritizing advanced TrueCut Motion grading technology in CINITY's premium large format theaters. The company repurchased $3.2 million of shares of common stock under its stock repurchase program. Pixelworks ended the second quarter with cash and cash equivalents of approximately $53 million. For the three months ended June 30, 2026, Pixelworks reported revenue, net of $64,000 and a net loss attributable to Pixelworks, Inc. of $2,796,000. On January 6, 2026, the company completed the transaction to sell its shares in Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. to a special purpose entity led by VeriSilicon Microelectronics (Shanghai).

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