South Korea’s flagship chaebol and global tech conglomerate
Apple has filed a federal lawsuit alleging that OpenAI stole confidential trade secrets as it builds a hardware division, naming former Apple employees involved in the alleged misconduct. OpenAI denies the claims, stating it has no evidence of merit and remains focused on innovative technology.
Vietnam and South Korea have agreed to boost bilateral trade to $150 billion by 2030, with Vietnam seeking to develop a nuclear power plant. South Korea is also expanding cooperation with India and Vietnam, while China and North Korea are deepening strategic relations through high-level visits. These developments reflect shifting regional alliances.
A consortium-backed safety institute in Europe will test AI products for harms to children, while the US weighs new vetting and export-control policies as AI labs race ahead. Separate reports show rising use of shadow AI in workplaces and ongoing national-security deals over AI in defence.
The AI-driven memory-chip rally has continued this week. SK Hynix and Samsung Electronics have joined trillion-dollar valuations while the broader Kospi shows renewed volatility amid global AI market enthusiasm and new IPO chatter.
Anthropic has expanded access to its Mythos AI model for cybersecurity testing, signaling broadening global collaboration across critical sectors. The move follows a confidential IPO filing and builds on Mythos Preview’s ability to identify thousands of software vulnerabilities. Partners span power, water, healthcare, and defense-adjacent industries in multiple countries, including the EU and allied states.
British MPs press Foreign Secretary on the detention of Jagtar Singh Johal in India; UN experts condemn the imprisonment as arbitrary, urging action as India-UK talks unfold.
Genesis AI has unveiled Eno, a wheeled, modular robot designed to work across manufacturing, logistics, hotels, and healthcare. Backed by $105 million in funding, the company aims to deploy dozens of units by end-2026 and scale to mass production, with LG as a key partner and a broader push into the AI-enabled physical economy.
Micron has reported blockbuster fiscal third-quarter results — $41.46bn revenue and $28.24bn net income — and has forecast roughly $50bn for the current quarter. The results have pushed Micron above a $1tn market value, restarted buying in memory stocks and have sharpened concerns that soaring AI data‑centre demand is forcing consumer electronics makers, including Apple, to prepare price increases.
Prime Day has updated with a curated set of deals our editors test and trust. We highlight the standout kitchen, home, tech and travel offers and explain why they’re worth buying while prices may vary across retailers.
South Korea has accelerated its semiconductor push, pledging hundreds of trillions of won in memory fabs and AI data centers. President Lee Jae-myung frames the plan as national survival, aiming to double memory capacity within five years. Samsung and SK Hynix pledge multi‑trillion investments, with broader plans to build new fabs and hubs in the southwest.
Major device makers have raised prices and warned consumers after memory and storage costs have surged because AI data‑centre buildouts are buying up DRAM and flash. Apple has increased Mac and iPad prices; Microsoft, Sony and Nintendo have signalled or implemented console and hardware hikes. Analysts say shortages will persist into 2027.
Project Mirage’s Dune is a compact three-button keypad that plugs into a MacBook and adapts to apps, offering quick mic/camera control and context-aware shortcuts. It draws power from the laptop, supports per-app profiles, and includes a Python/Claude integration for custom automation. Reviewers note improved control but risk of accidental presses.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
EU trade chiefs push to rebalance trade with China as talks with Beijing seek tangible results by autumn. Europe faces a €360 billion deficit as climate, industry and tech sectors depend on China, even as leaders vow to defend strategic industries.
The US and Iran have exchanged fresh strikes this weekend and on Monday, reversing a recent interim ceasefire and re‑opening doubt over control of the Strait of Hormuz. President Donald Trump has declared the ceasefire "over," ordered further strikes and revoked a temporary oil waiver. Oil has jumped into the high $70s–$80s and global markets have fallen.
Apple has filed a federal lawsuit accusing OpenAI, its hardware arm io Products and two former Apple engineers of misappropriating confidential hardware designs, supplier details and manufacturing techniques to speed OpenAI’s push into consumer devices. Apple has asked the court for injunctions, return of materials and unspecified damages.
Memory-chip stocks have surged on AI demand but face a sharp pullback as investors reassess valuations and the U.S. listing gap for SK Hynix widens, with analysts expecting volatility to persist into the next quarter.
Amazon Haul prices remain ultra-low as products ship directly from manufacturers, with delivery taking one to two weeks. Deals span Lego, Adidas, Levi’s, Philips and more, though some items are branded and subject to flash discounts.
Chip shortages are pushing up RAM/NAND costs and pricing, pressuring low-end smartphones as memory chains shift toward AI data centers. Early data show India, then global markets, feeling the squeeze while premium devices hold steadier.