Latest AI News

Apple CEO Tim Cook has announced a significant increase in AI investments, pledging to accelerate development through expanded data centers and potential acquisitions to catch up with competitors. Apple is embedding AI across all devices and platforms, focusing on privacy and personalized experiences. The company has acquired seven AI companies recently and is reallocating internal resources to advance Siri and Apple Intelligence features. Despite being viewed as lagging behind rivals like ChatGPT and Google in generative AI, Apple is introducing over 20 new AI features and remains committed to creating technology that's private and seamlessly integrated throughout its ecosystem.

South Korea's exports surged 5.9% year-on-year in July, reaching $60.8 billion and marking the fastest growth in seven months. This exceeded market expectations of 5.1% growth. Semiconductor exports were the main driver, jumping 31.6% to a record $14.71 billion for July. Imports rose marginally by 0.7% to $54.2 billion, resulting in a $6.61 billion trade surplus. Analysts believe companies accelerated shipments to the US ahead of tariff increases planned for 2025, though this front-loading effect may moderate in coming months. The export growth could support South Korea's broader economic recovery, though officials remain cautious about future challenges from evolving global trade conditions.

South Korea's exports in July exceeded market expectations, driven primarily by strong global demand for semiconductors. Major technology companies like Samsung and LG secured significant deals with Tesla, with Samsung signing a $16.5 billion chip supply agreement and LG finalizing a $4.3 billion battery supply contract. Despite the United States implementing a 15% tariff on South Korean imports, key products including cars, trucks, agricultural goods, chips, and pharmaceuticals will receive favorable treatment. The trade relationship includes South Korea's $350 billion investment pledge for U.S.-selected projects and commitment to purchase $100 billion in U.S. energy products. These strong export figures highlight South Korea's resilient manufacturing and technology sectors even amid global economic uncertainty.

DXC Technology has raised its annual forecast due to strong demand for cloud solutions and digital transformation projects. Despite a 6.4% year-over-year revenue decline in Q4 to $3.17 billion, the company exceeded analyst expectations with earnings per share of $0.84, above the forecasted $0.76. Full-year revenue reached $12.9 billion with a 4.6% organic decline, while net income rose to $389 million. Despite positive financial results, DXC's stock dropped 13% in aftermarket trading as investors focused on the ongoing revenue decline. The company reported over 20% growth in bookings for two consecutive quarters and plans to restart its share repurchase program. Moving forward, DXC aims to leverage opportunities in cloud computing, analytics, and artificial intelligence to drive growth amid mixed performances in the broader IT services sector.