Apple CEO Tim Cook announced the initial rollout of Apple Intelligence capabilities, including the Clean Up photo-editing tool, for mainland Chinese consumers. This strategic expansion aims to counter fierce domestic competition in China, despite Apple reporting a regional revenue of US$18.8 billion, which fell short of Wall Street estimates.
The Munich Regional Court ruled that US-based Suno AI violated copyrights by training its models on unlicensed music, ordering damages and disclosure of illicit revenues. Germany's licensing agency GEMA initiated the lawsuit, which is a globally significant test of copyright law for AI music. Suno plans to appeal the decision.
Microsoft's shares surged up to 10% pre-market after forecasting stronger-than-expected revenue and accelerating Azure cloud growth, indicating its AI investments are paying off. This positive outlook contrasts with Meta Platforms, which reported a Q2 profit decline due to legal and severance costs despite beating revenue forecasts.
Apple exceeded market expectations in its latest quarter due to strong iPhone and Mac sales, marking Tim Cook's final earnings report as CEO. However, investor focus shifted to a weaker-than-expected outlook and warnings about supply constraints and rising memory-chip costs, causing shares to fall.
X's Creative Revenue Sharing program, designed to reward engagement, is being exploited by creators using AI to generate "melodramas of redemption." These fabricated first-person stories, often presented as true, garner millions of views, raising concerns about content authenticity and the platform's incentives.
Coinbase reported $1.22 billion in Q2 revenue, missing estimates, and a $359 million net loss, causing shares to fall 5% in after-hours trading. The decline was attributed to reduced crypto spot trading volume and lower crypto asset prices, despite some market share gains.
Adani's Carmichael thermal coal operations in Queensland generated almost $1 billion in revenue but reported a $340.6 million loss, avoiding company tax for the past year and since opening in 2021. The Abbot Point port business also paid no tax, prompting calls for new regulations on foreign entities' capital structures in Australia.
Le titre Microsoft a bondi de plus de 15 % après que son service cloud Azure a franchi la barre des 100 milliards de dollars de revenus annuels, dépassant largement les attentes des analystes et validant les investissements massifs dans l'intelligence artificielle.
ByteDance is reorganizing its office tool Lark (Feishu) by integrating its product team into the Doubao AI chatbot unit and merging sales, marketing, customer services, development, and infrastructure teams into its Volcano Engine cloud and Flow AI application divisions, aiming to enhance AI product competitiveness and customer service capabilities.
SOS Limited shareholders approved expanding the authorized share pool 100-fold, from 70 million to 7 billion, to enable future financing. This follows the crypto-linked company's $97.3M net loss in 2025 and low cash reserves, despite holding $79.1M in Bitcoin and Ethereum.
Aave risk service provider LlamaRisk proposed winding down V3 deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, affecting $4.1 million in debt. The plan aims to reduce support costs exceeding revenue, freezing reserves and adjusting interest rates to encourage withdrawals.
Prime Minister Andy Burnham plans to give English city region mayors a share of income tax revenue and business rates, alongside greater control over services like housing and transport. This move, set for 2027-2028, aims to devolve power from Westminster but faces criticism over a lack of detail and potential funding disparities.
Apple reported record revenue in India during the June quarter, with its Mac computers achieving their best-ever sales in the country. Global Mac revenue surged 29% year-on-year to $10.4 billion, driven by new and upgrading customers across emerging markets.
Chinese AI model developers face a revenue gap due to open-source licensing, prompting suggestions for commercial licensing to tap into growing global adoption, especially among SMEs.
UPS reported Q2 earnings of $1.76 per share (adjusted), beating expectations, and raised its 2026 outlook to $91.2 billion in revenue and $7.22 in adjusted EPS. Despite this, shares fell 6% as the company forecast flat domestic Q3 revenue due to seasonal decline and post-Amazon operational adjustments.
X Corp. and the World Federation of Advertisers (WFA) have settled a multiyear lawsuit over allegations of an illegal boycott by advertisers due to brand safety concerns on X after Elon Musk's 2022 takeover.
Cambricon aims for 13.5B yuan in 2026 revenue and 40.5B yuan by 2027, with a 20-fold increase from previous plans; grants 5M restricted shares to over 85% of its 1,107 employees.
Korea Aerospace Industries (KAI) reports a 35.2% drop in Q2 net profit to 37 billion won due to delayed revenue recognition from aircraft orders, despite a 41% increase in sales to 1.16 trillion won.
Microsoft's Q4 revenue exceeded expectations at $90.01 billion, driven by 18% year-over-year growth, leading to an 8% surge in shares after hours. Strong Azure performance and a $3.2 billion AI investment gain contributed to the beat.
PayPal reports Q2 earnings of $1.26 per share, below estimates, with revenue up to $8.68 billion. Strategy focuses on stablecoins, AI-driven payments, and expanded payment network capabilities.
Chinese battery giant CATL reported record second-quarter revenue of 147.79 billion yuan and net profit of 22.5 billion yuan, up 56.92% and 36.5% year-on-year respectively. However, these figures slightly missed market estimates, attributed to weakening EV demand in China. The company also announced a plan to buy back up to 40 billion yuan in shares.
Volkswagen reported a 9.5% drop in Q2 operating profit and cut its annual revenue forecast by up to 3% due to a significant sales slump in China. The German carmaker is implementing a cost-cutting program, including plans to axe up to 100,000 jobs globally, facing union opposition.
Intel reported better-than-expected second-quarter results, achieving its fastest revenue growth since 2011, driven by strong demand for AI infrastructure and its data center business. The chipmaker issued optimistic guidance, though its stock saw volatility.
L'administration fiscale française lance une campagne annuelle de remboursement d'impôt sur le revenu, concernant 12,6 millions de foyers fiscaux. Les virements, d'un montant moyen de 1057 euros, interviendront fin juillet pour ceux ayant trop payé en 2025 ou bénéficié de crédits d'impôt.
