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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…
Rabobank to Invest €2 Billion in AI and Technology Over Three Years as Net Profit Remains Flat
On August 4, 2026, Rabobank announced plans to invest €2 billion in artificial intelligence, data, and technology over the next three years, even as its first-half net profit remained unchanged at €2.69 billion. The investment comes as large European banks continue to spend more on digital capabilities despite pressure on earnings. Rabobank wants to use…
South Korea’s Kospi Tumbles 5% on AI Chip Fears, Reversing Friday’s Record Rally
South Korea’s Kospi index fell 5% on August 3 after a record 17.9% rally Friday, as Samsung and SK Hynix dropped 9% each. Leverage-fueled selling and AI spending concerns drove the reversal.
Shein Targets $30B to $40B Valuation for Hong Kong IPO, with Listing Expected as Early as Mid-August
Shein is getting closer to its long-awaited public listing, with plans to launch its Hong Kong IPO as early as mid-August 2026. The fast-fashion company is reportedly seeking a valuation of $30 billion to $40 billion, well below the $98.2 billion private valuation it achieved in 2022. The lower target reflects a more cautious market…
Indian Stock Market Today: SENSEX Rises 200+ Points, NIFTY 50 Near 24,600 After CAS Rollout; Ather Energy Surges, Nazara Slips
On August 4, 2026, Indian stock market traded in positive territory as investors reacted to the second day of the Closing Auction Session (CAS) on the National Stock Exchange. The BSE Sensex gained more than 200 points, while the Nifty 50 held close to 24,600 despite some late-session swings. Among individual stocks, Ather Energy extended…
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.
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…
AU Government Levy on Tech Giants Increased Under News Bargaining Plan
Australia has updated its proposed levy on large technology companies through its revised News Bargaining Incentive, introducing a new 2.5% levy announced on August 3, 2026. The policy is designed to encourage platforms such as Google, Meta, and other major digital companies to sign payment agreements with Australian news publishers instead of paying the levy….