Google restructures AI division, demotes key figures
Google has reorganized its AI division, with chief scientist Jeff Dean leaving after 27 years and Demis Hassabis stepping back from day-to-day control of Google DeepMind.
Sunday, August 30, 2026
News in Brief
Short updates, all on one page — read straight down like a newspaper.
US FCC considers restrictions on Chinese-made optical transceivers
The US Federal Communications Commission is reportedly considering restrictions on new models of Chinese-made optical transceivers used in data centers, potentially affecting suppliers including Zhongji Innolight and Eoptolink.
Nuvoton shifts focus to cloud, AI and security products
Nuvoton Technology is pivoting its business strategy towards server controllers, quantum-safe microcontrollers, and XR components in response to weakening PC demand due to memory shortages.
SpaceX revenue surges as Taiwan suppliers remain optimistic
SpaceX's second-quarter 2026 earnings report showed a 92% year-over-year surge in revenue to US$7.81 billion, despite posting a net loss of US$541 million.
GlobalFoundries beats earnings expectations
GlobalFoundries reported stronger-than-expected second-quarter results, driven by rapid growth in AI-related optical networking and a richer mix of higher-margin technologies.
ByteDance founder rejects AI distillation
ByteDance founder Zhang Yiming has stated that the company will not use distillation to train its AI models, despite potential advantages over other Chinese rivals.
ByteDance founder Zhang Yiming recently said that the company would not use distillation to train its AI models.
Zhang Yiming, Founder of ByteDance
Tesla partners with Samsung Electro-Mechanics and LG Innotek for Cybercab camera modules
Tesla has reportedly chosen Samsung Electro-Mechanics and LG Innotek to supply camera modules for its Cybercab, expanding the South Korean suppliers' presence in automotive technology.
Father demands fresh post-mortem for Mir Raza Ali
The father of deceased businessman Mir Raza Ali has requested a new post-mortem examination as the special police team continues to investigate his son's death.
Pakistani American coming-of-age comedy ‘Mustache’ reviewed
American coming-of-age comedies rarely achieve such uncomfortable verisimilitude, as seen in the bilingual debut feature from writer-director Imran J. Khan titled 'Mustache'. The film follows 13-year-old Ilyas (Atharv Verma) adjusting to an American high school after attending a private Islamic institution.
AIOU sets Spring 2026 exam schedule for MS, MPhil and PhD students
Allama Iqbal Open University (AIOU) has announced the final examination schedule for its Spring 2026 semester MS, MPhil and PhD (Face-to-Face) programmes.
Lyallpur Museum hosts Kashmir solidarity rally
On Wednesday, Lyallpur Museum organized a rally to show support for Kashmir on the occasion of Youm-e-Istehsal Kashmir.
PM meets JICA President to Boost Mineral Skills, SME Development
A delegation from Japan International Cooperation Agency led by President Dr Akihiko Tanaka met Prime Minister Shehbaz Sharif in Islamabad on August 5, 2026, to discuss enhanced collaboration in mineral skills and small and medium enterprise development.
Elderly carpenter carves intricate designs in federal capital
An elderly carpenter is creating intricate wooden pieces at handcrafted woodwork in the federal capital.
Sindh Cabinet Approves Toll on Mehran Highway
The Sindh cabinet has approved the implementation of toll charges on the Mehran Highway, with expectations to generate over Rs2bn in revenue.
Moderna begins human trials for Bundibugyo Ebola vaccine
Moderna has initiated human trials for a Bundibugyo Ebola vaccine as the Democratic Republic of Congo grapples with its largest outbreak on record.
Ireland-Afghanistan ODI abandoned due to rain
The first one-day international between Ireland and Afghanistan at Bready is abandoned without a ball being bowled because of rain.
PM reviews DISCOs privatisation
Prime Minister Shehbaz Sharif chaired a review meeting on the privatisation of DISCOs and institutional restructuring of the Privatisation Commission on August 5, 2026.
Fanuc raises fiscal 2026 outlook despite cost pressures
Fanuc reported a surge in first-quarter orders for fiscal 2026, up 37% year-on-year to JPY281.9 billion, while raising its full-year operating profit forecast by only about 3%.
LG Electronics Reports Strong Q2 Growth
LG Electronics reported a consolidated revenue of KRW23.83 trillion (US$16.7 billion) and an operating profit of KRW1.58 trillion (US$1.1 billion) in the second quarter of 2026, driven by expansion in AI cooling, automotive, and subscription businesses.
Disney and TikTok Partner to Boost Short-Form Content
Disney has partnered with TikTok to create short-form content featuring characters from Marvel, Pixar, Star Wars, and other franchises.
Disney Boosts Profits, Shifts Consumer Products to Studios
Disney reported a doubling of streaming profits in the June quarter, with the company reorganizing its operations by moving most consumer products under the entertainment division.
Infineon customers secure long-term AI chip supply
Infineon reports that demand for its AI data center power semiconductors exceeds available supply, leading major customers to sign multi-year capacity reservation agreements.
Ghana parliament toughens cocoa land repurposing laws
Ghana's parliament has passed legislation imposing up to 20 years in jail for the sale or repurposing of cocoa-growing land.
Lyon faces tough task in Champions League
Olympique Lyonnais lost 2-1 away to Sparta Prague in the first leg of the third qualifying round, with the return leg scheduled for August 11 in Lyon.
US exempts open weight models from frontier AI review
Open weight models produced by US companies are reportedly exempt from new safety guidelines being reviewed by the US Trump administration, according to reports.
Infineon raises 2026 outlook due to AI demand
German semiconductor company Infineon Technologies reported record quarterly revenue for its fiscal third quarter ended June 30, driven by strong demand for power semiconductors in AI data centers and has raised its full-year guidance.
Anthropic secures US$10 billion chip deal with Volta Infra
Anthropic has entered into a US$10 billion computing agreement with seven-month-old startup Volta Infra Holdings Ltd., indicating a shift in how the Claude developer finances its chip needs.
PSX rises as US-Iran peace hopes boost market
The Pakistan Stock Exchange (PSX) surged to an intraday high of 179,463.43 on Wednesday, driven by renewed hopes for a US-Iran peace agreement and declining global oil prices.
Michigan primary sees progressive candidate lead
The Democratic race in Michigan's Senate primary saw former public health official Abdul El-Sayed hold a narrow lead over US Representative Haley Stevens as of Tuesday evening.
SpaceX shifts focus to AI, invests heavily in data centers
SpaceX's latest quarterly report shows that artificial intelligence is now the company's top investment priority, accounting for most of its capital expenditure and driving new cloud infrastructure revenue.