Google focuses AI spending on technical infrastructure
The company believes it is more important to invest now than to risk falling behind, says head of AI and emerging tech policy
Apple in talks to buy U.S. Formula 1 broadcast rights
With ESPN’s deal ending, Netflix entering the race, and a $293 million film success, U.S. Formula 1 rights draw new interest
IBM launches new Power11 chips to support AI in data centers
Power11 systems offer reliability and security, with no planned update downtime and 30 seconds of unplanned downtime per year
Samsung to acquire U.S. healthcare platform Xealth to expand mobile health services
Samsung plans to combine Xealth’s services with its wearable technology to strengthen its position in the healthcare sector
Trump media expands into TV streaming with Truth+
The company says it will continue testing the streaming service and collect feedback from users during the rollout
Chinese camera firm Hikvision to challenge Canada’s order to halt operations
Canada’s Industry Minister says the decision followed a review by national security and intelligence agencies
Apple files appeal against 500 million euro EU fine
The company says the Commission is trying to control how Apple runs the App Store and enforce unclear terms for developers and users
Samsung expected to report 39 percent drop in second-quarter profit
Samsung continues to face challenges in getting its latest HBM3E 12-layer chips certified by Nvidia
Huawei denies claims that its Pangu Pro Moe model copied Alibaba’s Qwen 2.5
Alibaba’s Qwen focuses on consumer applications like chatbots, while Huawei’s Pangu models serve government, finance, and manufacturing
U.S. and China to discuss TikTok sale starting Monday or Tuesday
The two sides "pretty much" have a deal in place for the sale of TikTok, and discussions could involve Chinese President Xi Jinping, says Trump
Nvidia nears $4 trillion and temporarily tops world’s most valuable list
Nvidia’s recent gains come as the company’s chips power much of the AI computing infrastructure being built by major tech firms
EU delays AI code of practice rollout to end of 2025
The delay comes as tech firms and several EU governments ask for more time to adjust to the upcoming regulations
US semiconductor company settles export case for $4.25 million over Huawei shipments
Company sent 1,650 power controllers, smart power stages, and accessories to Huawei without approval, Commerce Department
OpenAI says it is not part of Robinhood token offer
Robinhood says it will give EU users 5 euros in OpenAI and SpaceX tokens if they register to trade stock tokens by July 7
Meta’s Instagram outage hits thousands of users in the U.S.
The outage gain attention on other platforms, with users sharing posts about the disruption