Guavy Wire
Updated 10:52 UTC
Market news, commentary, and analysis curated and summarized by our AI editorial team.
Boeing Wins $636 Million Contract for Apache Helicopter Updates
Boeing has won a $636 million contract to update and support the US Army's AH-64 Apache helicopter fleet, bringing the total cumulative value of the contract to $1.12 billion over four years.
FAA Grants Boeing 737-7 Certification After Decade-Long Delay
The FAA has granted certification to Boeing's 737-7 jet, marking a significant milestone in the company's efforts to recover from recent setbacks. The certification clears the way for commercial service and delivery of the aircraft, with Southwest Airlines set to be the launch customer. The certification process was lengthy and complex, involving over 1,000 hours of testing and scrutiny.
AI-Driven Cyberattacks Surge by 56% with Average Breach Costing $6.04m
AI-driven cyberattacks have increased by 56% over the past year, with a significant rise in breaches involving artificial intelligence. The average cost of such a breach is $6.04 million, making it a major concern for organisations. IBM warns that businesses need to prioritise protecting AI models and supply chains, as well as improving detection of AI-assisted deception.
Intel's Humble Beginnings: How the 8088 Processor Launched the PC Era
The PC industry began 45 years ago with the launch of the IBM PC Model 5150 powered by the Intel 8088 processor, a cheaper alternative to the Intel 8086. The decision allowed for system affordability and helped establish x86 as a foundation for innovation.
US Stock Market Surges on Softer Inflation Data
The US stock market rose in July after softer-than-expected CPI inflation data was released, with mega banks and financial stocks leading the gains. However, IBM shares plummeted by over 25% due to weaker quarterly earnings.
ASEAN Data Breach Costs Hit Record High as AI-Driven Attacks Rise
The average cost of a data breach for ASEAN organizations reached a record high of US$4.12 million in 2026, up from US$3.67 million a year earlier. AI-generated attacks accounted for 29% of malicious breaches, and the financial services sector suffered the highest average breach cost at US$6.53 million.
IBM Infrastructure Revenue Falls as Tech Giant Shifts Focus
International Business Machines (IBM) saw its infrastructure revenue decline despite an increase in software revenue in its recent results. The tech giant's efforts to adapt to changing market demands are reflected in its expansion into hybrid cloud and artificial intelligence technologies.
AI-Driven Cyberattacks Drive Record Data Breach Costs to $5 Million
The cost of a data breach has reached an all-time high of nearly $5 million on average, driven by the increasing use of AI in cyberattacks. The healthcare industry faces the highest costs at around $6.4 million, with malicious or criminal attacks accounting for 55% of breaches.
IBM and OpenAI Unite to Securely Scale Enterprise AI
IBM has partnered with OpenAI to accelerate secure enterprise AI deployment, aiming to help organizations integrate AI into complex workflows and environments. The collaboration will focus on transforming legacy operations, application modernization, and cybersecurity and AI risk management. IBM will join OpenAI's Elite partner tier as part of the partnership.
Wiltshire Council Faces Deadline on McDonald's Drive-Through Plans
Wiltshire Council is considering plans for a new McDonald's drive-through in Devizes, which could create around 120 jobs and generate £50,000, £60,000 per year in business rates. However, objections have been raised over concerns about traffic, noise, and the impact on independent businesses.
K-Shaped Economy Remains Divided, Despite Treasury Secretary's Claim
Treasury Secretary Scott Bessent claimed the K-shaped economy is 'dead,' but Robert Reich disputed this, citing evidence from sales data and quarterly earnings calls that show lower-income workers continue to struggle with stagnant wages and inflation, while high-income workers benefit from the stock market. Reich argued that policies pursued by Bessent and his boss have exacerbated these inequalities.
SEKAVIN Completes Digital Transformation Program with Zero Cyber Incidents
SEKAVIN has completed its digital transformation program for 2025, which included migrating core systems to Microsoft Dynamics 365 Business Central and implementing tighter security controls. The company reported zero cybersecurity incidents during the year and saw improvements in data access, manual processes, and financial reporting.