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Apple Escalates Legal Battle With OpenAI, Seeking Injunction Over Alleged Trade Secret Misuse by Former iPhone Engineers
On August 4, 2026, Apple intensified its legal dispute with OpenAI by asking a U.S. court to issue a preliminary injunction in its trade secrets lawsuit involving former iPhone engineers. Apple alleges that confidential information could be used to support OpenAI’s expanding hardware plans. OpenAI rejects the claims. The case comes as competition in AI-powered…
Apple Restores Telegram to App Store After Guideline Breach; Developer Removed Violating Content and Banned User
Apple briefly removed Telegram from the App Store worldwide on Monday, August 3, 2026. The company said a routine review found content violating its guidelines against child sexual abuse material. Telegram acted quickly, removing the flagged content and banning the responsible user. Apple restored the messaging app within hours of the initial takedown. Apple’s Telegram…
Nifty 50 Surges 1.6% to 24,774 on Oil Drop and Iran Talks
Nifty 50 climbs 1.6% to 24,774 on August 3 as crude oil drops 5% and U.S.-Iran tensions ease. IT stocks lead broad-based rally.
Jeff Bezos Backs $2.6B AI Startup Tackling Chip Material Shortage
Jeff Bezos backs CuspAI’s $450M Series B round at $2.6B valuation. The AI startup partners with Nvidia and Meta to discover chip materials, tackling gallium and rare element shortages.
DeepSeek AI Launches Ultra-Low-Cost V4-Flash Model Ahead of Potential IPO
DeepSeek AI released the official version of its V4-Flash model on July 31, 2026, undercutting rivals on price by a wide margin. The Chinese startup’s new model costs over 100 times less to operate than Anthropic’s Claude Fable 5, according to research firm Artificial Analysis. The launch comes as DeepSeek AI reportedly prepares for a…
US Stock Market Today: Dow, Nasdaq, and S&P 500 Futures Climb to Start August
US stock market futures moved higher on August 1, 2026, giving Wall Street a solid start to the new month. Dow, Nasdaq, and S&P 500 futures all advanced in premarket trading as easing geopolitical tensions and falling oil prices improved investor confidence. Traders are also looking ahead to a busy week packed with economic data…
Australian Shares End Higher as ASX 200 Climbs Above 9,000
On August 3, 2026, Australian shares finished higher as the S&P/ASX 200 closed above the 9,000-point mark for the first time in recent sessions. The move reflected improving investor confidence after gains in banking, healthcare, and gold stocks lifted the market. Easing geopolitical tensions also supported sentiment, while falling oil prices weighed on energy shares….
ArcelorMittal Expands Microsoft Partnership to Accelerate Cloud Transformation
ArcelorMittal announced an expanded partnership with Microsoft on August 3, 2026. The steelmaker will use Microsoft Azure as its primary cloud computing platform. This move supports ArcelorMittal’s “Cloud First, Data Centric” strategy across global operations. The company aims to modernize IT systems and scale AI-powered solutions industry-wide. ArcelorMittal’s Microsoft Azure Expansion: What’s Included ArcelorMittal (NYSE:…
Prysmian Strikes $3.8 Billion Agreement to Buy U.S. Firm Atkore
On August 3, 2026, Italian cable maker Prysmian agreed to acquire U.S.-based electrical products company Atkore in a $3.8 billion cash deal. It is one of the largest industrial acquisitions announced this year. The agreement comes as investment in AI data centers, power grid upgrades, and electrification projects continues to grow. Prysmian plans to expand…