Apple surges on a 13% increase in iPhone sales, reporting 10% revenue growth, its biggest since December 2021; CEO Tim Cook vows to 'significantly grow' AI investments, open to acquisitions accelerating its AI roadmap, while seeing a 4% sales boost in China aided by device subsidies.
Meta's Reality Labs division posts a $4.53 billion operating loss in Q2 despite $370 million in sales, while EssilorLuxottica reports Ray-Ban Meta smart glasses sales more than tripled year-over-year in the first half of 2025.
Pioneering tech giants reshape software engineering through AI innovations, with Google fortifying its AI prowess against ChatGPT disruption, while the electricity-guzzling data centers fueling these AI services surge power prices nationwide.
Vietnam emerges as a pivotal chip manufacturing hub, rapidly scaling semiconductor ambitions with new investments as clients seek products without Chinese links amid escalating US-China trade tensions, though challenges like limited scale and R&D capacity persist.
Tesla CEO Elon Musk announces a groundbreaking $16.5 billion deal with Samsung to produce Tesla's next-generation AI6 chips at Samsung's new Texas factory, bolstering Samsung's contract manufacturing business.
Alibaba introduces Quark AI Glasses, smart eyewear integrating the Qwen large language model and Quark AI assistant, entering the augmented reality glasses market to compete with Meta's offering.
Nvidia confronts a $1 billion black market as Chinese distributors illegally sell prohibited AI chips including B200 models to bypass Trump-era export restrictions, while CEO Jensen Huang announces breakthrough agreement allowing resumed H20 chip sales to China.
OpenAI and Oracle unveil 4.5 gigawatts of new Stargate data center capacity, with parts of Stargate 1 in Abilene, Texas operational, as part of a $500 billion AI infrastructure investment plan in the U.S. over the next four years.
Trump's AI Action Plan seeks to curb chip exports to China in a bid to maintain US AI dominance, but lacks coordination with allies and companies on implementation details.
Breaking news: President Trump reverses stance, greenlights Nvidia's $4 trillion chip sales to China after CEO Jensen Huang's persuasive talks, abandoning previous plans to break up the market-dominant tech giant.