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SEOUL (Reuters) -Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple. The South Korean company lost its global smartphone crown to Apple in 2023, and faces growing competition from Chinese rivals like Huawei and Honor. Meanwhile, Samsung's mainstay chip business has suffered a profit slump stemming in part from its delayed supply of artificial intelligence chips to Nvidia...

Investing.com -- Apple (NASDAQ:AAPL) stock edged lower, falling 0.5% in pre-market trading Wednesday after White House trade counselor Peter Navarro suggested the tech giant believes it’s "too big to tariff."...

STORY: From what happened when Grok went rogue, to a vicious battle for talent in Silicon Valley, this is AI Weekly.Grok is in trouble again.Elon Musk’s xAI had to remove posts by its chatbot, after complaints that they contained antisemitic content and praise for Adolf Hitler.xAI moved to delete the posts, and said it could quickly update the AI model where there was evidence it had been badly trained.A court also blocked some Grok content in Turkey, after authorities said the bot had made insulting remarks about country President Tayyip Erdogan.The war for talent is getting hot in Silicon Valley, and it’s Meta fanning the flames.Ilya Sutskever is having to take over as boss of his startup Safe Superintelligence, after losing chief executive Daniel Gross to the Facebook parent firm.Bloomberg News says Apple has also lost its top AI models exec to Mark Zuckerberg’s company.Meta has been hiring aggressively in a bid to match OpenAI and other rivals.A bot sowed confusion for diplomats, when someone used an AI-generated voice to impersonate U.S. Secretary of State Marco Rubio.The person reportedly contacted three foreign ministers and two U.S. officials, sometimes leaving voice notes.Their intent was to gain access to information or accounts, according to a diplomatic cable seen by Reuters.The EU isn’t backing down on its new AI rules.Brussels has dismissed appeals by Meta, Alphabet and other big names to delay the regulations for years.Now the European Commission says there is no option to “stop the clock” on the rules, which aim to set guardrails for AI.But it says it will takes steps to simplify the measures, including for small firms.And Microsoft is cutting jobs to help pay for bots.Some 4% of roles face the chop at the Windows maker, as it tries to find savings amid massive investment in AI.It’s pledged about $80 billion in capital spending this year, taking a bite out of profit margins...

Apple Inc. (NASDAQ:AAPL) is one of the Top 10 AI Stocks in the Spotlight. On July 3, UBS analyst David Vogt reiterated a “Neutral” rating on the stock with a $210.00 price target. “According to press reports, the US has announced it signed a trade deal with Vietnam. Although Vietnam has been a key region for supply […]...

The launch of xStocks on BNB Chain comes on the heels of debuting on Solana DeFi protocols last week...

Investing.com -- Morgan Stanley said second-quarter global PC shipments came in stronger than expected but warned that growth is likely to slow in the second half of the year due to tariff uncertainty and a potential pull-forward of demand...

Apple’s (NASDAQ:AAPL) racing drama “F1 the Movie” roared into theaters, generating an impressive $144 million in global revenue, which included $55.6 million in North America, making it the tech company's biggest opening ever for an original film. After 10 days, it has amassed $293 million — amongst Pitt's highest-grossing movies — according to Screen Rant. Footage included real Formula 1 cars, immersive paddock access shot at actual F1 races. Its success could have changed the fortunes for both...

AES stock rises following a report that says the renewable power company is exploring its options amid takeover interest, while Freeport-McMoRan jumps as President Donald Trump says he will be slapping a 50% tariff on copper imports...