July 4, 2025

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Latest July 4, 2025

EU Rejects Calls from Google and Meta to Delay New AI Rules

Key Points The European Union has rejected calls from tech companies to delay the implementation of its new AI rules. Major firms, including Google and Meta, had requested a pause, citing high costs. An EU spokesperson stated firmly that there would be "no stop the clock" and "no pause." Key provisions of the AI Act...

Apple Faces Tough Market in China as Phone Sales Continue to Slide

Key Points Sales of foreign-branded phones in China declined by 9.7% in May compared to the same month last year. This decline is seen as a reflection of Apple's performance, as it's the largest foreign phone seller. Apple is facing intense competition from local Chinese rivals. To compete, Apple has been offering significant discounts on...