Nothing Co-founder Akis Evangelidis has confirmed that the smartphone brand is laying off some of its staff as part of a restructuring. However, he denied a report that claimed the company is planning to exit over 12 markets. "We are not shutting down any markets...We are...consolidating individual countries into regional hubs to operate much more efficiently," he added.

A South Korean court awarded SK Group's billionaire Chairman Chey Tae-won's ex-wife, Roh Soh-yeong, 944 billion won (over ₹6,200 crore) in a divorce settlement. The court said her homemaking and childcare contributed to the couple's wealth, entitling her to one-third of their marital assets. The case has been locally dubbed the "divorce of the century".

OpenAI president Greg Brockman said the firm aims to build an AI assistant like Iron Man's Jarvis that can go beyond chat and interact with computers and apps on users' behalf. He also said that the company is exploring deeper ChatGPT integrations with smart glasses and wearable devices. Brockman said OpenAI wants to create APIs specifically designed for wearable devices.

Peter McCrory, Head of Economics at Anthropic, claimed AI hasn't caused a meaningful increase in unemployment in the US because the technology "is both skill-biased and labour-augmenting". "It relies on humans in the loop to direct and evaluate the most complex work," he said. He added that he does not expect AI to raise unemployment noticeably over the coming year.

Samsung has secured a five-year chip supply deal worth over $200 billion with Broadcom through 2030 to strengthen its AI semiconductor business. Under the agreement, Samsung will manufacture Broadcom's next-generation AI and communication chips using its advanced 2nm process technology. The partnership also covers high-bandwidth memory, advanced packaging and long-term chip production.

Alphabet's robotaxi unit Waymo is considering ending its partnership with Uber and launching its own app, FT reported. The companies have clashed over operational and commercial issues, with Waymo flagging vehicle cleanliness and routing issues, while Uber cited poor performance in bad weather. Waymo has reportedly told Uber it plans to operate independently in partner markets from January 2028.

Chinese state-owned outlet Xinhua shared the video of an eight-tonne robot with 108 arms that can snip three lakh cotton buds in an hour. The robot is equipped with advanced sensors and machine vision and works 120 times more efficiently than humans. Xinhua shared the video as US imposed new tariffs on China, alleging the use of forced labour.

NVIDIA and South Korea's SK Group have unveiled a $500 billion joint initiative to build AI infrastructure. The initiative includes a long-term partnership with SK Hynix to secure next-generation memory supply for NVIDIA. Additionally, SK Telecom will also construct a 2-GW AI data centre powered by NVIDIA's Vera Rubin chips, launching in 2027.

Qualcomm has told customers it will raise its product prices by double-digit percentages for products shipped after September 1, Bloomberg News reported. The company cited rising supplier costs and mounting pressure from the smartphone market amid a memory chip shortage. The increase is expected to push up prices of upcoming flagship Android smartphones and Snapdragon-powered Windows laptops.

Databricks and Microsoft have officially announced an expanded partnership, as stated by IT Voice. The collaboration aims to help enterprises bring business context to their enterprise artificial intelligence (AI) applications and processes. This alliance is designed to improve the relevance and implementation of AI solutions for businesses.