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- 1Cheap Chinese AI models surge globally, alarming Washingtonβ(reasonably priced) Chinese AI models surge in global popularity β and Washington is worried - because of course they ar
Chinese AI models that undercut American rivals on price are gaining users worldwide, and the shift is drawing concern in Washington. Commentators note that US markets, including the NASDAQ and much of private credit, are heavily invested in American AI hyperscalers whose frontier models rely on future profits that cheaper Chinese competition could erode. The debate mixes admiration for the cost efficiency of Chinese offerings with worry over US competitiveness and national security implications.
- 2Can startups make India a global space power?βCan startups turn India into a global space power? | DW News
DW News examines whether India's growing crop of space startups can transform the country into a leading space power. The report highlights how private companies are building on the achievements of the Indian Space Research Organisation, which has drawn global attention for low-cost missions such as Chandrayaan-3 and Aditya-L1. It looks at whether entrepreneurial firms can scale satellite launches, services and innovation fast enough to rival established players like the US, China and Europe.
- 3Shein's European sales fall sharply after price hikesβΌShein reports sharp drop in Europe sales after price hikes
Fast-fashion retailer Shein has reported a sharp drop in sales across Europe following price increases, according to Reuters. The decline suggests the company's bargain-focused customer base is highly sensitive to higher prices, which have been driven in part by tariffs and regulatory changes affecting low-value imports. The slowdown raises questions about Shein's growth strategy in one of its key markets.
- 4Strategy's Bitcoin Holdings Exceed Levels Before It Began SellingβStrategyβs Bitcoin Stockpile Is Bigger Than Before It Started Selling
Strategy, the software company formerly known as MicroStrategy, now holds more bitcoin than it did before it started selling some of its holdings. The company, the largest corporate holder of bitcoin, has resumed or expanded its accumulation, rebuilding its stockpile past its previous low point. The development is drawing attention from crypto investors tracking its buying patterns as a signal for the broader bitcoin market.
- 5Chinese Stocks Fall to One-Year Low on Chip SlumpβΌChinese Stocks Hit One-Year Low as Chip, Optical Firms Slide
Chinese equities dropped to their lowest level in a year, with semiconductor and optical technology companies leading the decline. The slide reflects mounting pressure on China's tech sector, particularly firms tied to chipmaking and optical components, which have been hit by weak demand and ongoing US export restrictions. Investors are watching closely for signs of further deterioration or policy support from Beijing to stabilise the market.
- 6AI agents used to steal 600,000 credit card recordsβSecurity company Gambit says an attacker used three open-source # AI agents to breach 27 companies and steal more than 6
Security company Gambit reports that an attacker used three open-source AI agents to breach 27 companies and steal more than 600,000 credit card records. According to the firm, each automated scan cost roughly $25, making the operation cheap and highly scalable. The case is raising alarm about how easily accessible AI tools can be repurposed for large-scale cybercrime against financial targets.
- 7
Fast-fashion retailer Shein returned to profit in the second quarter, according to a Reuters report. The turnaround marks a recovery for the online retailer after a period of losses, and comes as the company prepares for a potential stock market listing while facing scrutiny over labour practices and environmental impact. Investors and industry watchers will be looking for details on margins, sales growth and how new import tariff rules are affecting its low-price business model.
- 8Employee confidence in employers hits 10-year lowβEmployees' confidence in their own employers just hit a 10-year low https://www.fastcompany.com/91612791/ai-anxiety-layo
A new report finds employees' confidence in their own employers has fallen to its lowest level in a decade. Analysts link the drop to anxiety over AI-driven job changes and ongoing layoff fears, with workers increasingly uncertain about their companies' stability and their own futures. Workplace commentators say the figures point to growing distrust between staff and management heading into 2026.
- 9Lilly launches pledge to close diabetes and obesity treatment gapsβΌLilly launches the Lilly Change the Course Commitment, aiming to address treatment gaps in diabetes and obesity in LMICs
Eli Lilly has announced the Lilly Change the Course Commitment, a new initiative aimed at narrowing treatment gaps in diabetes and obesity care in low- and middle-income countries. The pharmaceutical company says the programme will focus on expanding access to treatment where need is greatest. Details on funding and specific country plans have not yet been widely reported.
- 10AirAsia wins top honours at World Travel Awards Asia 2026βΌAirAsia doubles up with top honours at the World Travel Awards Asia 2026
AirAsia took two leading awards at the World Travel Awards Asia 2026, the airline announced. The double win reinforces its standing among Asia's leading low-cost carriers, according to the company statement. The regional airline industry continues to recover and compete aggressively, making accolades from the World Travel Awards a valued marketing tool for carriers seeking passenger trust.
- 11iPhone StandBy night mode set for unannounced new featuresβiPhone Duo StandBy night mode is going to get some unannounced features
Apple's StandBy night mode, the dimmed clock display the iPhone shows when charging sideways in low light, is expected to gain additional features that the company has not yet announced. AppleInsider reports that the mode is set for enhancements beyond what was shown when StandBy was introduced with iOS 17. Details of the new functions have not been disclosed, leaving iPhone users speculating about what improvements may arrive in a future software update.
- 12
Mythic, a US-based analog AI chip startup, has opened a new engineering center in Bengaluru, India. The facility will expand the company's engineering capacity as it develops its low-power AI processors. The move underscores growing interest among global semiconductor and AI chip firms in tapping India's large pool of engineering talent.