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Microsoft and Meta showed different results on Thursday due to their spending on AI. Microsoft kept its 2026 capital expenditure guidance steady, while Meta pushed its spending higher. Microsoft’s business software got more profitable, but Meta missed earnings expectations as its operating margin fell by 12 percentage points from last year.
Apple forecast slower sales growth for the quarter ending in September as supply chain struggles hit product delivery. Shares fell 5.5% after the news. Chief Executive Tim Cook said, "We're seeing some very significant supply constraints currently." The company now expects revenue growth of 9% to 11% this year.
Microsoft shares led a major market rebound, helping the Dow Jones Industrial Average rise 614 points. While Meta shares fell 8% after poor cash flow projections, investors pushed other tech stocks higher. Jack Ablin said, “They’re going to need to start seeing revenue growth.” Major indexes showed gains on Thursday.
Apple shares fell over 6% in extended trading on Thursday, July 30, after the company’s sales forecast disappointed investors. Apple expects September quarter sales to grow between 9% to 11%, missing street expectations. The firm also warned that supply chain issues and regulatory changes could impact future services growth significantly.
Asian stocks rose sharply on Friday, July 31, led by a record 15% intraday jump in South Korea’s Kospi. Investors piled back into artificial intelligence stocks after a recent sell-off. Chip giants SK Hynix and Samsung Electronics both climbed more than 25%, while Brent crude prices also rose above $89.
OpenAI cut prices for its GPT-5.6 Luna and Terra AI models by up to 80% on Thursday. This move aims to lower enterprise costs and compete with Anthropic. Many tech CEOs said cheaper options are key to widespread adoption. These price cuts help businesses use powerful models at lower rates.
L&T Semiconductor Technologies targets $500 million in annual revenue by 2030-31. CEO Sandeep Kumar said, "We expect to generate $500 million in revenue by 2030-31." The company designs chips for power and automobile sectors. It started operations in November 2023 and now looks to grow through exports and new client projects.
IT secretary S Krishnan said the government acted within the law during recent social media takedowns after the Jantar Mantar protest. He said the Centre is now looking for ways to give more teeth to individuals against online harms. India also aims to be strategically autonomous in the AI race.
India’s telecom operators told regulators that telemarketers are bypassing official channels to send banking SMSes. Operators saw a 50-80% dip in traffic volumes from major public sector banks. "The pattern looks more like rerouting or delivery-path substitution," said an executive. This shift poses security risks and hurts telecom revenue.
Homegrown AI firm Sarvam is building an end-to-end stack to challenge global giants like Google and OpenAI. The company said its models will feature strong Indian language capabilities. By offering services five to ten times cheaper, Sarvam hopes to move towards an agentic ecosystem that supports local software and hardware.
The government is reviewing net neutrality rules to allow 5G network slicing services. Current norms, adopted in 2018, bar telcos from offering varied speeds for specialized services. An official said, "The internet will remain free and paid preferential treatment to select content like to a particular website will not be allowed."
Google’s personal AI agent can now browse in Chrome for you. Gemini Spark helps with tasks like researching flights or scheduling apartment viewings. Google said, “a human will have to push the button on tasks like making payments.” The tool also got a wider release in 160 more countries today.