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Foxconn second-quarter revenue jumps, company cautions on geopolitics

Taiwan’s Foxconn, the world’s largest contract electronics maker, reported a 39.8% year-on-year rise in second-quarter revenue that beat market forecasts on strong demand for AI products, though it cautioned about “volatile” global politics. Revenue for Nvidia’s biggest server maker and Apple’s top iPhone assembler jumped to T$2.513 trillion ($78.71 billion) in the April-June quarter, Foxconn … Read more

Nvidia supplier Hon Hai’s sales beat on continued AI demand

Nvidia Corp.’s server assembly partner is 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 … Read more

Where India ranks on these 8 metrics measuring digital progress

How digitally advanced is India? The State of India’s Digital Economy 2026 report looks at India’s position across eight major global digital and AI i…Read More 1/8 1. ICT Development Index (IDI) The ICT Development Index measures information and communication technology (ICT) access, usage and skills. According to the report, India is ranked around 130th … Read more

India summons Meta execs to explain Instagram ads promoting child sexual abuse: Reports

The Indian government has summoned Meta representatives after a BBC investigation revealed that Instagram had been running advertisements that promoted child sexual abuse material (CSAM) in India, as per multiple news reports citing sources. CNBC-TV18 reached out to a Meta spokesperson who did not confirm or deny the summons. The summons from the Ministry of … Read more

Tech launches this week: Oppo Reno 16, Infinix Note 60 Pro and Samsung Galaxy M47 5G

The first week of July brought several new launches in the consumer technology sector, with companies unveiling smartphones, smart TVs and wearables across multiple price segments. Sony introduced its premium Bravia 9 II and Bravia 7 II television lineup in India, while Oppo, Samsung, Infinix and Huawei also expanded their product portfolios. Meanwhile, iQOO added … Read more

AI has a new report card – this time, Wall Street is grading it

For nearly two years, the AI ​​industry behaved like a group of parents comparing report cards. “My model scored higher.” “Mine has a bigger context window.” “Our reasons are better.” “And we just raised another few billion dollars.” Every few weeks came another launch—a smarter model, a faster model, a model that could code, draw, … Read more

Argentina’s plan for AI-run companies can’t avoid humans

Argentine President Javier Milei generated both excitement and fear last month when he announced a congressional bill to create “non-human corporations” run by AI, but the companies would actually require human involvement. Milei described in a Financial Times op-ed piece a new type of company that could run without human employees, in which AI agents … Read more

Meta team meets IT Ministry officials on username feature notice

A team from Meta met officials in the IT Ministry following a notice summoning them over the contentious issue of the ‘username’ feature on WhatsApp in India, sources said on Friday. Given that the timeline for furnishing a detailed explanation on the ‘usernames’ feature is three days, Meta will submit its final reply as per … Read more

Trump backs lighter AI rules, warns China could overtake the US in AI and crypto otherwise

US President Donald Trump said the United States must maintain its leadership in artificial intelligence and cryptocurrencies, warning that falling behind could allow China to dominate two of the world’s fastest-growing technologies. Speaking in an exclusive interview with CNBC, Trump described AI and crypto as strategic industries that will shape global economic and technological leadership … Read more

Govt cracks down on Chinese apps that could remotely switch off e-rickshaws

The government has ordered the removal of three Chinese battery management applications after they were found to have been misused to remotely disable e-rickshaws, raising serious concerns over the cybersecurity and safety of low-cost electric vehicles. The action follows the circulation of multiple viral videos showing people switching off moving e-rickshaws by using mobile applications. … Read more

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