Samsung Unveils Foldable Phone, Smart Glasses and New Watches
Samsung Electronics opened its Galaxy Unpacked event on Wednesday with a foldable phone, a pair of smart glasses and two new watches, a product spread designed to defend its lead…
Intel Posts 22% Revenue Gain but Cuts Data Center Jobs
Intel reported second-quarter revenue up 22 percent from a year earlier on Wednesday, but the growth came with a round of layoffs in its data center and AI division, part…
South Korea’s KOSPI Jumps 3.7% as Chip Stocks Lead a Broad Rally
South Korea’s benchmark KOSPI index surged 3.72 percent on Thursday, its sharpest single-day gain in months, led by the country’s two largest chip makers. Samsung Electronics rose nearly 4 percent…
Qualcomm Lands AI Chip Deals With Three Major Cloud Providers
Qualcomm has signed agreements to supply AI chips to three of the largest cloud-service providers, marking the company’s most serious entry into a market dominated by Nvidia, according to people…
Blackstone Credits AI Infrastructure for 26% Jump in Earnings
Blackstone, the world’s largest alternative-asset manager, reported second-quarter distributable earnings of $1.98 billion on Wednesday, up 26 percent from a year earlier, and pointed to its artificial-intelligence infrastructure investments as…
Zuckerberg Casts AI as a Tool of Empowerment in New Campaign
Mark Zuckerberg has launched the most visible advertising campaign of his career, a video-led push arguing that artificial intelligence should empower people rather than replace them. The campaign, which Ad…
AT&T Posts Steady Gains as Telecom Spending Supports AI Buildout
AT&T reported second-quarter revenue of $31.6 billion on Wednesday, up 2.3 percent from a year earlier, with adjusted earnings before interest, taxes, depreciation and amortization of $12.3 billion, up 5.2…
Samsung’s Galaxy Glasses Take Aim at Meta’s Ray-Ban Line
Samsung officially launched the Galaxy Glasses at its Unpacked event, a pair of smart glasses built around Google’s Gemini AI and aimed directly at the Ray-Ban smart glasses Meta has…
Dalio Warns Concentrated Bets Face Sharp Drawdowns
Ray Dalio, the founder of Bridgewater Associates, spent part of July in front of microphones repeating a warning he has delivered for years: the world’s markets are moving into a…
OpenAI Lifts AI Infrastructure Plan to $750 Billion
Inside OpenAI’s finance team, the spreadsheet keeps getting bigger. The company has raised its planned spending on AI infrastructure through 2030 to roughly $750 billion, up from about $600 billion…
