Chen Nanxiang, chairman of the China Semiconductor Trade Affiliation (CSIA) and head of Yangtze Reminiscence Applied sciences Company (YMTC), has predicted a major surge in China’s chip business inside the subsequent three to 5 years.
This week, the world tech outage wreaked havoc on U.S. air journey, with over 2,500 flights canceled for the third consecutive day, resulting in 1000’s of passengers being stranded.
The flawed replace from CrowdStrike Holdings Inc. CRWD, which led to a worldwide IT outage, has attracted criticism from a number one U.S. cybersecurity official.
In a LinkedIn put up on Saturday, Jen Easterly, director of the Cybersecurity and Infrastructure Safety Company, labeled the defective software program replace as a “severe mistake.”
Roblox Company RBLX reported a rise in youngster exploitation incidents throughout 2023, with over 13,000 instances flagged to the Nationwide Heart for Lacking and Exploited Youngsters (NCMEC), a major rise from 3,000 the earlier 12 months.
A number of courts in California skilled important disruptions to their telephone companies resulting from a ransomware assault this week. The Superior Court docket of Los Angeles County, the most important trial court docket within the state, was the first goal of this assault.
Earnings Outcomes
Apple Inc. AAPL reported second-quarter income of $84.742 billion, beating the consensus estimate of $84.202 billion. The tech big reported quarterly earnings of $1.89 per share, beating analyst estimates of $1.85 per share.
Texas Devices TXN reported second-quarter earnings of $1.22 per share, surpassing the analyst consensus estimate of $1.17 by 4.27%. The quarterly gross sales, which amounted to $3.82 billion, had been in line with the analyst consensus estimate.
Expertise
Amid criticism that the CrowdStrike challenge wouldn’t have occurred with Apple Inc. AAPL, Microsoft Corp. MSFT has clarified {that a} prior settlement with the European Fee it’s legally unable to undertake the identical safety measures as Cupertino.
Nvidia Corp. NVDA is reportedly within the course of of making a brand new AI chip, designed to adjust to U.S. export controls, particularly for the Chinese language market.
Nvidia has reportedly given the inexperienced gentle for using Samsung Electronics Co Ltd.’s SSNLF fourth-generation excessive bandwidth reminiscence (HBM3) chips in its AI processors for the Chinese language market.
Google is enhancing its Google Play Retailer on Android with a collection of recent options aimed toward enriching the consumer expertise.
Common office messaging app Slack, owned by Salesforce Inc. CRM, has launched a brand new set of widgets for its iPhone app.
Gaming, Streaming Platforms & Others
Microsoft’s of Obligation: Fashionable Warfare 3 is debuting on Xbox Sport Cross on July 24, in keeping with Insider Gaming.
Sony PlayStation introduced the discharge of a brand new PlayStation VR2 app on Steam, set to launch on Aug. 6, 2024.
Warner Bros. Discovery, Inc.’s WBD Warner Bros. Video games has introduced the acquisition of Participant First Video games, the studio behind the hit brawler MultiVersus.
Bethesda Sport Studios has turn into the primary Microsoft-owned recreation developer to completely unionize below the Communication Staff of America (CWA).
Netflix, Inc. NFLX introduced plans to launch a brand new recreation to subscribers each month beginning in July 2024.
Digital camera big Canon has launched its newest flagship digital camera, the EOS R1, because it appears to tackle rival Sony.
Smartphones
Apple has prolonged a three-month trial to the homeowners of Sony Group Corp.’ Corp.’s: SONY) PlayStation fashions.
Every week earlier than the 2024 Summer time Olympics commences, Apple introduced important updates to its Maps app and different options.
Apple is claimed to be planning to combine its A18 chip into its upcoming entry-level iPhones and iPads with a purpose to make them able to operating Apple Intelligence, the compancompany’s of AI options.
In a current improvement, a settlement test from Apple associated to the “batterygate” case has reportedly bounced resulting from inadequate funds.
Apple is reportedly planning to discontinue the iPhone 17 Plus mannequin and introduce an ultra-slim variant within the second half of 2025.
Privateness executives at Apple have reiterated the tech big’s dedication to consumer privateness, terming it as a “basic human proper.”
Meta
The EU has put Meta Platforms Inc. META on discover over its “pay or consent” mode for Fb and Instagram, citing potential violations of client safety legal guidelines.
Meta has dismissed rumors that his distinctive tan is a refined trace a couple of new product from the corporate.
Elon Musk
Over the weekend, Tesla and SpaceX CEO Elon Musk shared a video on X, previously Twitter, that showcased an AI-generated style present that includes world powerhouses.
Musk has introduced the timeline for the chatbot fashions of his AI firm xAI, which is scheduled to be launched later this 12 months.
Musk lauded the groups at his AI startup, X and Nvidia, for efficiently initiating coaching for the Memphis Supercluster with 100,000 Nvidia H100 GPUs.
Learn: Can Tesla Q2 Earnings Spark A Golden Cross? Right here’sHere’sThe Charts Point out
Musk initiated a ballot on X, previously Twitter, asking if the EV big ought to make investments $5 billion in his AI firm and Grok-parent, xAI.
Synthetic Intelligence (AI)
Prime Minister Fumio Kishida of Japan acknowledged that his authorities is formulating laws aimed toward augmenting home funding in AI and semiconductor manufacturing.
Elon Musk’s Grok AI chatbot is ready to increase its profile evaluation characteristic, obtainable to X Premium subscribers, to iOS and Android platforms quickly.
In a current improvement, Broadcom Inc. AVGO is making important strides within the AI inventory market, posing a problem to Nvidia.
In an interview on Tuesday, Meta CEO Mark Zuckerberg criticized Apple saying he desires to keep away from the iPhone maker’s “speeding tactic” by releasing the largest open-source AI mannequin ever.
In an interview revealed on Tuesday, Meta CEO Mark Zuckerberg expressed his admiration for Sam Altman whereas additionally pointing out an irony in his firm, OpenAI’s strategy to AI improvement.
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