Author: Techie.lk

Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.2 per cent at $337.7, giving it a market capitalization of $4.96 trillion. At a session high of $342.89, Apple’s market value stood at $5.036 trillion. The iPhone maker became the most valuable company in the world earlier this month, overtaking chip giant Nvidia – which had been at the top since June 2025 and was the first company ever to breach the $5 trillion threshold. For Apple, this…

The Trump administration on Tuesday announced a ban on new foreign-made humanoid robot imports to the US over “unacceptable risks” to the country’s national security. The move applies to advanced robots – including humanoid and four-legged machines. Many of them are made in China, which is locked in a race with the US to develop robotics and artificial intelligence (AI). The Federal Communications Commission (FCC) also banned the import of power inverters – a device used in data centres and solar panels – which it said could also pose a risk to the US economy. FCC chairman Brendan Carr said…

Meta shares plunged on Wednesday as investors balked at its promise to keep spending on artificial intelligence (AI) projects while profits dwindle. Shares in the firm behind Instagram and Facebook fell 11% after its results for the quarter from April to June showed revenue grew 28% from a year ago to $61bn (£45.6bn), while profits fell 14% to $6bn. Meta said it would spend $130bn to $145bn this year, mostly on AI projects, up from the $125bn it said it planned to spend just three months ago. Chief executive Mark Zuckerberg said the company’s AI spending was “accelerating every part…

Uninterrupted browsing used to be a lot simpler: Disable all third-party cookies, blacklist known tracking domains, and get an ad blocker. But now, online platforms can pick up on things like your screen resolution, basic hardware specs, time zone, and installed fonts to establish a fingerprint unique to your browser and device. Websites can query a lot of seemingly harmless data from your device without prompting any security reaction, which, over time, they can use to trace your browsing activity. If you truly care about your privacy, disabling cookies is no longer enough to guarantee your anonymity on the internet. Luckily, browsers like…

NVIDIA (NASDAQ:NVDA), the dominant producer of artificial intelligence processors, is pursuing more than $750 billion of new and potential AI agreements as the company accelerates its investments across the global computing ecosystem. A partnership announced with SK Group (HXSCL), a South Korean conglomerate whose Hynix unit supplies memory chips, is expected to generate more than $500 billion of business between the two companies. NVIDIA is also discussing a potential financing arrangement that could help OpenAI, the developer of ChatGPT, lease computing capacity from a large U.S. data center project. These agreements may support further demand for NVIDIA’s processors, although investors have raised…

Investors are increasingly concerned over rush of borrowing to fund huge investments in data centres A closely watched gauge of risk in holding the debt of companies at the centre of the AI boom is rising rapidly, underscoring growing jitters over Big Tech’s vast spending on data centres, chips and computer memory. Prices for credit default swaps, popular tools to bet against corporate debt, tied to Oracle, SpaceX, Alphabet, Amazon, Meta, Broadcom and Nvidia have risen to record highs in recent days, according to LSEG data. The sharp moves echo a sell-off in debt issued by so-called hyperscalers, which are…

Artificial intelligence firm should provide $100m for cyber defences, says Hugging Face CEO The boss of the startup hacked by an OpenAI agent has called for the investigation into the incident to show “radical transparency”. Clément Delangue, the chief executive of Hugging Face, said the “unprecedented” attack on his business required a similar response. Writing on X after OpenAI revealed that its technology had gone rogue during a cybersecurity test, Delangue also called on the company to provide $100m (£75m) worth of computing power to help build defences against such attacks. “The first autonomous agent cyber-attack is an unprecedented event. It deserves an unprecedented…

SLT-Mobitel has announced support as a Founding Member and Infrastructure Partner for the soon-to-be-established National AI Institute, a national, multistakeholder platform envisioned to advance Artificial Intelligence research, innovation, infrastructure development, and policy engagement in Sri Lanka. The proposed National AI Institute, currently in the development phase, will unite government stakeholders, academia, industry, and international partners through a multi-stakeholder framework. The Institute was proposed to facilitate collaboration in AI research and innovation, strengthen partnerships among government stakeholders, academia, industry, and international collaborators, and improve access to shared AI infrastructure and technical resources. Its direction is expected to be shaped through stakeholder…

The American Chamber of Commerce in Sri Lanka (AmCham Sri Lanka), in partnership with Standard Chartered Sri Lanka, will host SeCure 2026: Strengthening Organisations Against Tomorrow’s Threats on Tuesday, 4 August 2026, at the Courtyard by Marriott, Colombo. Recognising the importance of equipping Sri Lankan businesses with insights drawn from international best practice, AmCham Sri Lanka has partnered with Standard Chartered Sri Lanka to bring Standard Chartered Executive Director and Head of Client and Third-Party Security Chris Fleming to Colombo for an exclusive executive session. With extensive experience leading cybersecurity and third-party security programs across one of the world’s leading…

Group CEO Riyaaz Rasheed says corporates reluctant to fund cyber resilience because risks remain difficult to quantify Warns AI agents interacting autonomously creating new cyber threat landscape Says boards continue to prioritise financial controls over digital resilience Energy costs, semiconductor shortages and talent constraints continue to pressure telecom investment Sri Lankan companies and Government institutions continue to underinvest in cybersecurity because boards struggle to justify spending against risks that have yet to materialise, Sri Lanka Telecom (SLT) PLC Group CEO Riyaaz Rasheed warned, arguing that the rapid evolution of artificial intelligence (AI) is making that approach increasingly untenable. Speaking at…