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Hackers are exploiting unsupported F5 BIG-IP appliances to gain SSH access to enterprise Linux systems, turning trusted edge infrastructure into entry points for deeper attacks on identity systems and internal applications. A May 22 threat intelligence disclosure detailed a multi-stage intrusion that began with an exposed F5 BIG-IP load balancer and moved through Linux infrastructure, an internal Atlassian Confluence server and eventually Active Directory. The case underlines […]

By K Raveendran Cockroach Janta Party may have begun as satire, but its popularity has exposed something far more serious than a passing joke on the internet. The response it has drawn from government functionaries suggests that the ruling establishment is less disturbed by the humour itself than by the possibility that the satire has […]

The article Cockroach Party Exposes A Deeper Political Unease Among New Generation appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Abu Dhabi’s International Holding Company has completed a Dhs110m transaction using DDSC on ADI Chain, marking one of the first live institutional-scale tests of a UAE dirham-backed stablecoin on a regulated blockchain infrastructure. The transfer, valued at about $30m, was executed on ADI Chain, an institutional Layer-2 blockchain developed by ADI Foundation. DDSC is designed as a digital payment token backed one-for-one by UAE dirham reserves, positioning […]

Abu Dhabi has cast its departure from OPEC as a strategic move to protect national revenue before global oil demand enters a long-term decline, marking one of the sharpest shifts in Gulf energy policy in decades. The UAE ended nearly 60 years of membership in the Organization of the Petroleum Exporting Countries on May 1, stepping away from both OPEC and the wider OPEC+ framework after years […]

Google’s publication of exploit code for an unresolved Chromium security flaw has intensified scrutiny of how browser vulnerabilities are handled when technical details surface before a patch is ready. The issue affects the Chromium codebase that underpins Google Chrome, Microsoft Edge, Brave, Opera, Vivaldi and several other browsers used across desktop and mobile environments. Security researchers say the flaw can be abused through the Background Fetch API […]

Arabian Post Staff -Dubai Abu Dhabi’s exit from OPEC has placed the UAE at the centre of a wider debate over how Gulf producers should manage oil wealth as long-term demand faces pressure from the energy transition. Anwar Gargash, diplomatic adviser to President Sheikh Mohamed bin Zayed Al Nahyan, said the decision was shaped over three years and reflected the leadership’s view that the world is approaching […]

Arabian Post Staff -Dubai Islamabad has moved to contain a political storm over deportations of Pakistani nationals from the United Arab Emirates, after opposition lawmakers accused the government of failing to protect workers who they said had been detained, expelled and denied access to savings and belongings. Parliamentary Affairs Minister Tariq Fazal Chaudhry told the Senate that 3,494 Pakistani citizens had been deported from the UAE between […]

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Hackers are turning Middle East telecoms and hosting networks into a major command-and-control layer, exposing a regional cyber risk that now extends beyond compromised devices to the infrastructure patterns that sustain attacks. A three-month mapping of malicious activity between 1 February and 1 May identified more than 1,350 active C2 servers across 98 infrastructure providers in 14 countries, including Saudi Arabia, the UAE, Turkey, Israel, Iraq, Iran, […]

Revenue Up 35.4% Year-on-Year API Token Call Volume Surges Nearly 6 Times

HONG KONG SAR – Media OutReach Newswire – 22 May 2026 – Phancy Group Co., Ltd. (“Phancy” or “The Company”, stock code: 6682.HK), a leading general artificial intelligence company, today announced its unaudited consolidated results for the first quarter ended 31 March 2026.

During the period, Phancy achieved revenue of approximately RMB1.458 billion, representing a 35.4% year-on-year increase. Gross profit margin remained at 35.1%. Phancy leveraged its deep expertise in full-stack AI cloud services, to capitalize on the accelerating adoption of localized computing power and strong enterprise demand for AI solutions. The Company achieved robust growth in its core businesses, accelerated product innovation, and secured several major partnerships, sustaining strong operational momentum.

2026 First Quarter Business Highlights:

Unified Enterprise AI Platform Drives Explosive Core Business Growth

Global computing resources remain constrained, while demand for both private enterprise AI deployments and API-based model calls continues to grow rapidly. Phancy’s enterprise-grade AI platform is built on a unified core architecture that seamlessly supports both API calling scenarios and dedicated private deployments. This significantly boosts AI application efficiency and resource utilization. Supported by a mature computing power supply chain developed over many years, Phancy’s deployable computing power resources have increased by over 200%. This enables the Company to effectively meet surging Token demand and consistently deliver stable, high-quality AI services to its customers.

In the first quarter of 2026, API Token call volume surged nearly 6 times compared to the same period in 2025, and already accounted for nearly 40% of the full-year 2025 total. Meanwhile, the Agentic AI business expanded rapidly, with deepening commercial adoption. Orders on hand grew nearly 100% compared to the end of 2025, emerging as a major growth driver for the Company.

AI Technology Iteration Accelerates, Commercialization Beats Expectations

Building on its continued push into digital employee applications and AI empowerment across business units, Phancy has significantly shortened the product development cycle from R&D to commercialization, enhancing overall operational efficiency and customer satisfaction.

As of mid-May 2026, ModelHub XC has completed adaptation and optimization for over 70,000 AI models on domestic chips, achieving more than 70% of its full-year target – well ahead of schedule.

In May, Phancy launched PhanthyMovie, a professional-grade AI video generation platform designed to enhance creativity, control, and stability in video production, enabling standardized and large-scale content creation for the industry.

Leveraging its advanced technology and proven execution capabilities, PhanthyMovie achieved rapid commercial traction. Just days after launch, the Company entered into a strategic cooperation agreement with Huanxi Media, covering approximately US$200 million in AI Token usage. The two parties will also collaborate on the development of a next-generation AI-powered film and television content production platform, further strengthening Phancy’s position in the AI-driven cultural and creative sector.

Core Products Align Closely with Policy Trends, Strengthening Compute-Model Integration

Since May 2026, China’s AI sector has seen a series of positive policy developments focused on computing infrastructure, data element circulation, and open-source compliance governance. Phancy’s core products, including HAMi vGPU and ModelHub XC, are well-aligned with national policy directions and mainstream industry trends.

In terms of computing resource allocation, policies emphasize cross-regional collaboration and broader access to computing power. Phancy’s HAMi vGPU offers unified scheduling and fine-grained resource partitioning, effectively improving utilization rates, optimizing data center energy efficiency, and supporting unified management across multiple chips to boost single-card efficiency.

In data and model governance, the government continues to promote high-quality dataset development and compliance management. ModelHub XC supports multi-model adaptation and optimization, incorporates data traceability and security certification features to help enterprises reduce compliance risks, and uses the EngineX engine for batch adaptation of domestic chips and models. This significantly improves compatibility while enhancing Token output efficiency through targeted model tuning.

Through deep integration of its computing and model layers, Phancy has built a comprehensive “Compute–Model” integrated solution. This addresses key industry needs such as efficient computing utilization, secure data supply, enterprise compliance, and domestic substitution, while strengthening its technological moat. The Company is well positioned to capture policy dividends and industry opportunities, supporting enterprises in their digital and intelligent transformation.

Hashtag: #PhancyGroup

The issuer is solely responsible for the content of this announcement.

About Phancy Group

Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”

Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.

Hyundai Motor Group has committed to placing more than 25,000 Atlas humanoid robots across Hyundai Motor and Kia factories, setting up a major test of industrial automation as its South Korea labour union warns that no deployment can proceed without a formal labour-management agreement. The plan, outlined to investors this week, marks one of the most ambitious humanoid robot rollouts yet proposed by a global carmaker. The […]

Seychelles and Bangladesh have moved to accelerate bilateral cooperation, with pending agreements and memoranda of understanding now expected to take clearer shape this year after talks in Victoria between Bangladesh High Commissioner Dr Zokey Ahad and Seychelles Foreign Affairs and Diaspora Minister Barry Faure. The meeting, held on 21 May at Maison Quéau de Quinssy, centred on formalising cooperation frameworks that have been under discussion since Dr […]

Companies are pushing vulnerable software into production even as artificial intelligence expands the speed, volume and complexity of application development across global supply chains. New industry findings show 75% of organisations often or sometimes deploy code they already know contains security weaknesses, underscoring a persistent gap between software delivery targets and risk controls. The figure marks only a limited improvement from last year’s 81%, suggesting that boards […]

India’s rapid AI adoption is exposing weak points in software supply chain security, with enterprises expanding automated development faster than their ability to detect compromised packages, unsafe containers and unverified AI components.

A 2026 software supply chain security assessment shows that about 65 per cent of organisations in India cannot detect malicious packages, while 71 per cent do not use container security tools. The findings underline a widening gap between the speed of AI-led software development and the controls needed to secure code, dependencies, models and deployment pipelines before they reach production systems.

Security teams are facing a more complex threat environment as AI coding assistants, model registries, agent frameworks and machine-learning libraries become embedded in day-to-day software engineering. AI is no longer confined to application features or analytics layers. It is becoming part of the software supply chain itself, influencing how code is written, tested, packaged and deployed.

Enterprises in India have been quick to adopt AI tools to improve developer productivity, reduce repetitive work and accelerate product releases. Yet the same shift has increased reliance on open-source packages, pre-trained models, plug-ins and automated build systems. Each of these components can introduce hidden risks if provenance, integrity and behaviour are not continuously verified.

Global software repositories are now attracting sustained attacks because they provide a direct route into enterprise development environments. Malicious npm packages rose by 451 per cent during 2025, while more than 48,000 new Common Vulnerabilities and Exposures were disclosed worldwide, a rise of about 20 per cent from the previous year.

The pressure on security teams is being amplified by the volume of AI-generated code. Developers in India are spending about 51 per cent of their time reviewing, validating and hardening code produced by AI tools. About 53 per cent treat such output only as a starting point and review every line before use, while 11 per cent rewrite AI-generated fixes from scratch.

This shift has altered the economics of software engineering. AI may reduce the time needed to draft code, but it can also transfer effort to verification, testing and security review. Weaknesses such as cross-site scripting, SQL injection and missing authorisation checks can still be reproduced by automated tools, particularly when developers rely on generated code without adequate scrutiny.

Governance is emerging as another area of concern. Nearly 97 per cent of organisations surveyed said they had certified AI model governance programmes, but only 59 per cent claimed full provenance visibility across production environments. About 48 per cent still needed a week or longer to produce audit-ready compliance evidence.

That gap points to a difference between policy and enforceable control. Many enterprises have AI governance frameworks on paper, but fewer can prove where every model, library, container image and software artefact came from, how it changed, who approved it and whether it complies with internal policy.

CERT-In has also warned that software supply chain compromises are increasingly targeting developer tools and trusted repositories. Its April 2026 activity note referred to attacks affecting npm, PyPI, GitHub Actions and container registries, including incidents involving Checkmarx, Trivy, LiteLLM, Axios, Telnyx and npm packages linked to the CanisterWorm campaign. The payloads observed in these attacks included credential harvesting, data exfiltration, remote execution and persistence within developer systems.

Model registries have added another layer to the risk. Around 1.4 million new AI artefacts were published on Hugging Face during 2025, representing 58 per cent of all new software packages tracked in one assessment. Researchers identified 495 malicious AI models in public repositories with active payloads capable of credential theft, command execution and reverse-shell activity, along with 969 malicious AI-agent skills designed to exploit developer environments and automation workflows.

For enterprises in India, the challenge is sharpened by the country’s role as a major software engineering and global capability centre hub. Bengaluru, Hyderabad, Pune, Chennai and Gurugram host large engineering teams serving banking, retail, telecoms, manufacturing and cloud services. These centres are increasingly responsible not only for maintenance work but also for product development, AI integration and security-sensitive digital platforms.

Regulatory and customer expectations are also tightening. Buyers are asking for software bills of materials, vulnerability disclosure processes, provenance records and proof that build pipelines are protected. CERT-In’s technical guidance on SBOM, QBOM, CBOM, AIBOM and HBOM has emphasised regular updates, vulnerability exploitability exchange documents and staff training around software supply chain visibility.

Security leaders are therefore moving towards stronger controls across development pipelines. These include automated malicious package detection, container image scanning, secrets detection, signed artefacts, dependency pinning, model provenance checks, policy enforcement in CI/CD systems and continuous monitoring of developer environments.

The investment case is becoming harder to ignore. Software supply chain attacks can bypass perimeter defences because they enter through trusted development channels. Once inside, malicious packages can steal credentials, alter builds, move into cloud environments or compromise downstream customers. AI raises the stakes because it can accelerate both legitimate development and attacker experimentation.

Hyperliquid’s HYPE token has pushed beyond its former record, turning a sharp 24-hour rally into one of the most closely watched moves in the digital-asset market as trading volumes, exchange activity and listed-product demand converge around the decentralised derivatives platform. HYPE traded above $62 after gaining strongly through the week, surpassing the previous peak near $59 set in September 2025. The move lifted the token into the […]

Cybercriminals are expanding phishing infrastructure built around the 2026 FIFA World Cup, with threat researchers mapping 222 malicious or suspicious domains to 203 unique IP addresses as fraud campaigns target fans, sponsors, travel operators and online shoppers before the tournament opens on 11 June. The findings point to a much broader operation than the first wave of 79 lookalike domains that impersonated FIFA and ticketing-related services. The […]

Russian state-backed cyber groups are broadening their entry points into targeted networks, using remote access services, stolen credentials, compromised suppliers and tailored social engineering to penetrate government, critical infrastructure and commercial systems. The pattern marks a shift from single-vector intrusions towards layered access operations designed to look like ordinary business activity. Remote Desktop Protocol, virtual private network accounts, cloud identities, internet-facing routers, edge devices and third-party service […]

Full oil shipments through the Strait of Hormuz are not expected to return before the first or second quarter of 2027, even if the Middle East conflict were to end immediately, ADNOC chief Sultan Ahmed Al Jaber has said, signalling that the energy shock from the Iran war could outlast any diplomatic settlement by many months. The warning from the head of the Abu Dhabi National Oil […]

Apache OFBiz users have been urged to move to version 24.09.06 after disclosure of an authentication bypass flaw that can be chained to remote code execution, exposing enterprise resource planning systems to takeover through a manipulated password-change workflow. Tracked as CVE-2026-45434, the vulnerability affects Apache OFBiz versions before 24.09.06. It stems from improper authentication handling in the platform’s password-change logic, where a forced password reset condition may […]

UAE economic growth is expected to slip into a mild contraction in 2026 as the Iran war disrupts oil exports through the Strait of Hormuz, before staging a strong recovery in 2027 on higher crude and gas production, major energy projects and continued strength in non-oil sectors. The projected setback marks a sharp reversal for the Gulf’s second-largest economy, which has spent the past decade reducing its […]

Arabian Post Staff -Dubai Dubai has approved a second economic incentive package worth AED1.5 billion, lifting the value of support measures introduced in under two months to AED2.5 billion as the emirate moves to ease cost pressures on businesses and strengthen activity across key sectors. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of The […]

Washington is testing rival artificial intelligence models across a small group of Defence Department power users as it seeks a workable replacement for Anthropic’s Claude, deepening a high-stakes contest over military AI, supplier risk and control of advanced software inside classified US systems. The review involves 25 heavy users of AI tools inside the Pentagon, with officials comparing how competing models respond to identical tasks and how […]

Sui has launched gasless stablecoin transfers on its mainnet, allowing users and businesses to send supported dollar-pegged tokens without paying network fees or holding SUI separately for gas. The protocol-level feature, backed at launch by Fireblocks, marks a push by the layer-1 blockchain to strengthen its role in payments, treasury movement and on-chain settlement. The change applies to supported stablecoins including USDC, USDsui, suiUSDe, AUSD, FDUSD, USDB […]

Google has issued a Chrome security update after fixing multiple flaws that could allow attackers to execute code remotely, disrupt browser sessions, steal information, bypass restrictions or spoof content on affected systems. The update moves Chrome’s stable desktop channel to version 148.0.7778.178/179 for Windows and macOS, and 148.0.7778.178 for Linux. It is being rolled out globally through the browser’s automatic update mechanism, though users and administrators may […]

DipCoin has completed its first year on the Sui blockchain, seeking to strengthen its position in decentralised multi-asset trading after building its platform around perpetual contracts, self-custody, transparency and faster execution. Launched on May 21, 2025, the Sui-based decentralised exchange has used its first anniversary to highlight what it describes as a zero-incident operating record, a key claim in a market where security failures, liquidity shocks and […]

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