Month: July 2026
Samsung beats Nvidia to become world’s most-profitable company
Samsung Electronics has overtaken Nvidia to become the world’s most-profitable technology company after reporting a record quarterly operating profit of 89.4 trillion won ($58.6 billion), driven by booming demand for AI memory chips. The South Korean technology giant on Tuesday, July 7 said its preliminary operating profit for the April-June quarter surged 1,810.3% from a
Nigeria to investigate tech firms over news content use
Nigerian President Bola Tinubu has directed the country’s competition regulator to investigate major technology companies over alleged anti-competitive practices and unauthorised use of news content, the Federal Competition and Consumer Protection Commission (FCCPC).The FCCPC said the inquiry would examine complaints by Nigerian media groups against companies including Meta, Alphabet, X and generative artificial intelligence platforms
AI models cheating and blackmailing in tests
Australia’s new AI Safety Institute has found powerful new artificial intelligence systems are capable of manipulating users, prompting federal minister Andrew Charlton to warn that building safeguards in early is the only way for the country to claim a share of the AI boom.The speech reflected the approach the government set out in its National
India orders Meta to remove child abuse content from Instagram
India’s government has ordered Meta to remove child sexual abuse content from Instagram and sought an explanation over allegations that its platforms have been promoting such material.The government sought a report on how such advertisements were approved by Meta, what corrective measures had been taken since the allegations surfaced, and what safeguards it planned to
Broadcom and Apple expand partnership
Broadcom said on July 6 that it will provide custom chips for Apple in an expanded deal that runs through 2031. The companies have signed a new multi-year agreement, through which Broadcom will develop custom ASIC chips, short for application-specific integrated circuit.That means they were designed for a particular purpose. Broadcom has long made connectivity
WhatsApp gets more time to reply to username notice
WhatsApp on Monday assured the government that it will not introduce its proposed username feature in India until ongoing consultations with the authorities are completed.The Meta-owned messaging platform has also received an additional three days to respond to a government notice seeking clarification on the feature, the report said. The original deadline for submitting its
Microsft Layoffs
Microsoft has initiated a largest single layoff cycle in gaming history, cutting 4,800 jobs, 2.1% of its workforce, on Monday, July 6, according to a CNBC report. Xbox division is reportedly losing about one-fifth of its staff amid Microsoft’s latest push to cut costs in the artificial intelligence era. Four gaming studios will be spun
Russia unleashed waves of missiles and drones at Ukraine
Russia unleashed waves of missiles and drones at Ukraine early Monday, killing at least 21 people in attacks that exposed widening gaps in country’s air defenses more than four years into Moscow’s full-scale invasion, authorities said. All of the ballistic missiles launched by Russia struck their targets, underscoring Kyiv’s need for more U.S.-made Patriot interceptor
Tesla driver charged with manslaughter for Texas crash that killed a woman in her home
The driver of a Tesla Model 3 that crashed into a Texas home and killed an elderly woman has been charged with manslaughter, according to a criminal complaint filed by the Harris County Sheriff’s Office. The incident happened last month when Michael Butler, who was driving a Tesla Model 3 using its Full Self-Driving mode,
Nvidia supplier Hon Hai’s sales beat on continued AI demand
Nvidia Corp.’s server assembly partner Hon Hai Precision Industry Co. reported a bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further. Shipments of AI racks are expected to maintain their momentum in the current quarter, while demand for information and communications technology products is entering peak season, the company said in