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OnePlus exits the US and Europe. The memory crisis and Apple’s lawsuit made staying untenable.

OnePlus, the Android brand that built a cult following with aggressively priced smartphones, will begin to cease operations in the US and Europe as early as this week, Bloomberg reported. The shutdown is part of a broader restructuring at parent company Oppo. Realme, another Oppo mobile brand, will also exit the China market. While OnePlus […] This story continues at The Next Web https://ift.tt/9aQofrO Read full article: The Next Web
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South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so

South Korea’s Ministry of Science and ICT opened bidding on July 13 for a free, unlimited AI chatbot and public-service agent available to all 52 million residents. The programme, called “AI for Everyone,” would make South Korea the first G20 nation to offer AI to its entire population as a public service. Two or three […] This story continues at The Next Web https://ift.tt/lEqSJGd Read full article: The Next Web
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CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion yuan, or $8.5bn. That would make it the largest listing by a Chinese semiconductor […] This story continues at The Next Web https://ift.tt/BLXQSJk Read full article: The Next Web
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Reflection signs a $1bn AI compute deal with Nebius, its second big capacity grab in a month

Reflection AI has locked in more computing power. The US startup signed an AI compute deal worth more than $1bn with Nebius, the Amsterdam-based cloud provider, according to Bloomberg. The agreement runs through 2029. It gives Reflection access to Nvidia’s newest GB300 chips. Nebius confirmed the deal. Its shares have more than doubled this year […] This story continues at The Next Web https://ift.tt/zoFX8LD Read full article: The Next Web
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Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions

JPMorgan Chase has cut jobs by as much as 40 percent in some parts of the bank using artificial intelligence, CEO Jamie Dimon told analysts during the company’s second-quarter earnings call on Tuesday. But investors hoping the technology will dramatically improve profit margins are likely to be disappointed. Dimon said that in a competitive market, […] This story continues at The Next Web https://ift.tt/kTIyd31 Read full article: The Next Web
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India’s Udaan secures $160 million in new funding as it races to fix its balance sheet before an IPO

Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into equity, according to Bloomberg. Lightspeed Venture Partners and M&G Investments are participating in the round. The deal is designed to clean up Udaan’s balance […] This story continues at The Next Web https://ift.tt/8Yzks4I Read full article: The Next Web
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France thinks cheap power is its AI edge. Now it must decide who plugs in

France believes its cheap, low-carbon electricity is Europe’s overlooked advantage in AI. A debate has now opened over that power. Should it go to homegrown AI firms, or to the American giants building data centres on French soil? When the head of Europe’s biggest AI lab arrived at last month’s G7 working lunch on artificial […] This story continues at The Next Web https://ift.tt/pZKIhwo Read full article: The Next Web
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Home robots already walk. 1X’s new hands try to solve the part that actually matters

Humanoid robots learned to walk years ago. The thing still tripping them up is the hand. 1X has given its NEO home robot new hands, and they are the most interesting thing about it. A robot can stride across a stage and still be useless in a kitchen. Lifting a wet glass takes precision, fast […] This story continues at The Next Web https://ift.tt/CzUeJZi Read full article: The Next Web
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Lithuania’s Oxylabs raises $130M from Warburg Pincus at a $3.6bn valuation

Oxylabs has raised $130M from private equity firm Warburg Pincus. It is the company’s first outside investment since it launched in 2015. The deal values the Vilnius-based data infrastructure firm at around $3.6bn. Oxylabs announced the raise on Thursday. The figure is striking for a firm that bootstrapped its way to the top. Oxylabs says […] This story continues at The Next Web https://ift.tt/P5fzHgo Read full article: The Next Web
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The Pentagon calls this Chinese firm a military company. Its lidar runs US robotaxis anyway

A lidar maker the Pentagon brands a Chinese military company quietly wires up America’s robotaxis, trucks, and even an airport. Nvidia is one of its partners. Hesai makes many of the sensors self-driving machines use to see. The Shanghai firm also sits on a US Department of Defense blacklist of Chinese military companies, CNBC reports. […] This story continues at The Next Web https://ift.tt/YGg50vO Read full article: The Next Web
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Pegasus hack of the EU’s own spyware investigator sparks calls for urgent action

Pressure is mounting on the European Commission to act on spyware, after forensic evidence showed one of the EU’s own spyware investigators was hacked with Pegasus. Civil society groups issued a joint statement demanding the abuse be met with accountability, “not impunity”. Citizen Lab confirmed last week that Stelios Kouloglou, a Greek former MEP, was infected in October […] This story continues at The Next Web https://ift.tt/AonS5gT Read full article: The Next Web
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Australia’s child social media ban is failing, and the Senate just delayed the fix

Australian Prime Minister Anthony Albanese on Friday condemned senators who blocked amendments to the country’s world-first social media ban for children, warning that the delay would give tech platforms time to destroy documents that could be used as evidence against them. The conservative Liberal Party and the minor Greens party referred the legislation to an eight-week Senate […] This story continues at The Next Web https://ift.tt/LxyVBXg Read full article: The Next Web
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