Tobias

Reliance Industries announced significant AI partnerships with Google and Meta at its annual shareholders’ meeting. Reliance will leverage Google’s AI and cloud infrastructure, including a new dedicated cloud region in India powered by clean energy. A joint venture with Meta focuses on delivering AI solutions tailored for Indian businesses, with a $100 million investment. Mukesh Ambani also indicated plans to list Reliance Jio publicly in the first half of 2026. These moves underscore the importance of the Indian market for global tech giants.

Alibaba’s Amap is expanding its global footprint by launching ride-hailing services in Canada, New Zealand, Switzerland, and the UAE, bringing its availability to 30 countries. Chinese users can access the service abroad without needing new SIM cards, using familiar payment platforms and the Chinese interface. Amap offers integrated travel services, including real-time translation and navigation, addressing pain points for international travelers by providing a streamlined, one-app experience.

Alibaba (BABA) reported a mixed Q1 fiscal year performance. Net income beat expectations with a 78% jump, driven by equity gains and the Trendyol sale. Revenue, however, fell short of estimates. Cloud computing revenue soared 26%, fueled by AI demand, with AI-related product revenue growing at a triple-digit rate for the eighth consecutive quarter. Despite macroeconomic headwinds in China, Alibaba’s stock showed resilience. Investors are optimistic about AI initiatives and investments.

Chinese livestreaming star Xinba (Xin Youzhi) announced his (apparent) retirement during his “818” anniversary livestream, citing health reasons. The account will be transferred to Xin Xuan Group, managed by his wife, Chu Ruixue. Xinba addressed skepticism, claiming this retirement is final, despite four previous announcements of stepping back. He officially handed over the account to Chu Ruixue. This announcement comes amidst controversy surrounding his “Cotton Secret” sanitary napkins, which were found to contain high levels of thiourea, a class 3 carcinogen. Xinba has yet to comment on the product safety concerns.

DJI will showcase its diverse product lineup at IFA 2025 in Berlin (Sept 5-9), including consumer/agricultural drones, imaging products, and power solutions. Highlights include the DJI Mic 3 (a mini wireless mic), the Osmo 360 panoramic camera, and the DJI Power 2000 portable power station. Attendees can expect interactive demos and sessions with creators, focusing on aerial cinematography and the DJI ecosystem. DJI will also present its industrial-grade products and solutions, demonstrating “Tech for Good” across sectors like agriculture and public safety.

A recent survey indicates Tesla’s Full Self-Driving (FSD) system may be deterring more U.S. buyers than attracting them, with nearly half believing FSD should be illegal. This comes as Tesla faces slowing sales, increased competition, and reputational damage from Musk’s actions. European sales are also down. While Musk sees FSD as a key advantage, Tesla lags in robotaxi development. Consumers desire clearer regulations and manufacturer accountability for automated vehicles. Tesla faces increasing concerns about safety and brand reputation, especially after recent legal setbacks.

Affirm shares soared after reporting strong fiscal fourth-quarter results, beating expectations with EPS of 20 cents and revenue of $876 million. Revenue jumped 33% year-over-year, and gross merchandise volume increased by 43% to $10.4 billion. The company reported a net income of $69.2 million, a significant improvement from the previous year’s loss. Affirm projects first-quarter revenue between $855 million and $885 million. Despite facing competition from Klarna and Walmart’s shift, Affirm has partnerships with Amazon, Shopify, and Apple.

Nano-banana, a Google AI Studio image model accessible through Gemini, has emerged as a top performer in the LMArena, demonstrating remarkable consistency and prompt accuracy. It excels at tasks like image refinement, facial perspective manipulation, and composite creation while maintaining subject identity. Its strength lies in its deep image understanding, enabling repairs, style alterations, and even simple 3D model creation. However, nano-banana exhibits limitations in style changes and localized editing, and requires explicit prompts due to strict safety protocols.

Dell Technologies exceeded analyst expectations for both EPS and revenue in Q2, driven by a 69% surge in server and networking revenue, including AI servers. Full-year revenue outlook was also raised. However, shares dipped in after-hours trading as Q3 EPS guidance fell short of estimates, despite higher revenue projections. The company attributed the profit forecast’s concentration in Q4 to seasonal patterns. Dell plans to double AI server shipments in FY26, emphasizing its commitment to the AI market. Storage revenue declined, while Client Solutions Group saw modest growth.

Intel received a $5.7 billion U.S. government investment as part of a White House initiative taking a 10% equity stake. CFO David Zinsner also suggested exploring outside investment for Intel’s foundry business, a key growth area. While Q2 results beat expectations, shares dropped due to foundry capital intensity concerns. Intel cautioned that the deal could face “adverse reactions” from stakeholders, including investors and foreign governments, and increased scrutiny. The White House acknowledges the deal is still being finalized.