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More than 200 experts from OpenAI, Google, and Anthropic signed a letter warning that AI could soon cause widespread job losses. They said, "AI may give us only a few years." The group wants governments to build new policies now to ensure technology helps workers instead of replacing them.
Switzerland’s Competition Commission launched a preliminary investigation into Google on Tuesday. The regulator said Google removed a feature that let Android users choose their default search engine in Switzerland. A Google spokesperson said, "We look forward to cooperating fully with the authority to address their questions" regarding this market practice.
SoftBank Group CEO Masayoshi Son said on Tuesday that AI will need $5 trillion in investment every year by 2040. He dismissed talk of a bubble as absurd. Son said, "Asking if AI is a bubble is absurd." The firm has already put tens of billions into various AI projects.
China replaced over 12,000 university programmes in arts, humanities, and management with courses in AI, semiconductors, and robotics over the past five years. Beijing started this shift to tackle rising graduate unemployment. Official data showed the urban unemployment rate for 16-24 year olds stood at 15.6% in May 2026.
Global smartphone shipments fell 11 per cent year-on-year in Q2 of 2026, hitting a 13-year low. A memory crisis forced many brands to raise prices, weakening demand. Despite this, Samsung took back the world No. 1 crown from Apple with a 24 per cent market share during the same period.
DeepSeek founder Liang Wenfeng is now the world’s richest AI model creator with a $36 billion net worth. His wealth more than doubled after a June 2026 funding round valued his firm at $50 billion. Liang now ranks well above Anthropic’s Dario Amodei and OpenAI’s Greg Brockman on the index.
Apple released the first public beta of iOS 27 this week. This update brings Siri AI, which can draft documents and search the web. Many apps now launch faster, and older phones got better task prioritization. Users can sign up on Apple’s website to test these new features before fall.
Apple released the iOS 27 public beta, giving users an early look at the software before its September launch. You can register at beta.apple.com to try new AI features and a smarter Siri. Apple said the update may have bugs, so avoid using it on your main phone for now.
At the ETBrandEquity Brand World Summit 2026, Samsung showcased Vision AI to make TV viewing more personalised. Nishit Kanchan said, "We're moving towards televisions that don't just play content, they understand it." Samsung now has 16.5 million active devices in India, as streaming platforms capture 94% of total viewing time.
HCLTech is investing Rs 3,500 crore in AI data centres after cutting 3,300 jobs. CEO C Vijayakumar said, “AI has fundamentally changed the economics of computing.” The firm aims to build 50 MW capacity to meet rising demand. This move marks a new growth path for the IT giant.
Apple is expected to unveil the iPhone 18 Pro and Pro Max at a September 9, 2026 event. These models will feature camera and battery upgrades, plus the new A20 Pro chipset. Retail sales are expected to start on September 18, with prices potentially rising by around Rs 5,000.
More than 200 economists warned that AI could replace millions of jobs, urging governments to act before it is too late. They said AI may become radically more powerful over the next 10 years. Many companies already started cutting staff, and experts fear we are not ready for this change.