AMD Reports Mixed Q2 Results, Projects Strong AI-Driven Growth in Q3

Advanced Micro Devices (AMD) declared mixed financial results for the second quarter of 2025. The company posted a record $7.7 billion in revenue, marking a 32% increase compared to last year and surpassing analyst expectations. However, adjusted earnings per share came in at $0.48, slightly below forecasts, with margins affected by an $800 million inventory write-down related to U.S. export restrictions on AI chips destined for China. Looking ahead, AMD remains optimistic, forecasting third-quarter revenues between $8.4 billion and $9 billion. This positive outlook is driven by increasing demand for AMD’s AI-focused processors, signaling robust growth in its data center and AI business despite current market challenges.

Read more: Yahoo Finance

Genie 3: Google DeepMind Unveils Real-Time 3D Worlds from Text and Images

Google DeepMind has introduced Genie 3, an advanced AI model built to create real-time, interactive 3D environments from just a single text or image prompt. Unveiled as a major step in world modeling, Genie 3 allows users to instantly generate immersive worlds, enabling several minutes of continuous exploration at 720p and 24 frames per second. The model features dynamic memory—objects and changes within the environment remain consistent as users interact, a key improvement over earlier versions. Genie 3 has applications spanning gaming, education, research, and AI agent training, marking a significant advance toward more realistic, customizable AI-driven simulations

Read more: Google Deepmind

xAI Launches Grok Imagine for Fast AI Video and Image Generation: How to Try It

TurboHire, an India-based recruitment automation platform, has secured $6million in Series A funding led by IvyCap Ventures. With its AI-powered solutions for large enterprises, TurboHire aims to streamline hiring processes and make talent discovery more efficient. The fresh capital will fuel product development and market expansion, responding to accelerated demand for digital hiring in South Asia and beyond.

Read more: Mashable

TurboHire Raises $6M Series A to Expand Automated Recruitment Tech

TurboHire, an India-based recruitment automation platform, has secured $6million in Series A funding led by IvyCap Ventures. With its AI-powered solutions for large enterprises, TurboHire aims to streamline hiring processes and make talent discovery more efficient. The fresh capital will fuel product development and market expansion, responding to accelerated demand for digital hiring in South Asia and beyond.

Read more: YourStory

AI-Powered Fintech Alaan Raises $48M in MENA Series A

Dubai-based fintech Alaan has closed a $48million Series A round, one of the largest in the Middle East and North Africa. Focused on leveraging AI for smarter corporate expense management, Alaan plans to use the funds on product innovation and regional expansion. This robust investment highlights sustained appetite for AI-powered fintech solutions and the growing significance of the MENA market in the global tech scene.

Read more: TechCrunch

US Approves OpenAI, Google, Anthropic for AI Developer Contracts

The U.S. government has added OpenAI, Google, and Anthropic to its list of approved AI vendors. Through a revamped Multiple Awards Schedule, federal agencies can now access these leading AI platforms using pre-negotiated contracts, easing procurement and accelerating digital transformation. This move signals a major shift in how governments work with cutting-edge AI tools and the growing recognition of generative AI’s transformative potential across public services.

Read more: TechCrunch

Meta Found to Violate Privacy Laws Via Flo App Data Collection

Meta has been found by a jury to have violated California privacy laws by discreetly collecting sensitive menstrual health data from users of the Flo period tracking app, allegedly without user consent. The class-action lawsuit revealed that Meta used this data for ad-tracking purposes, raising concerns about the handling of personal medical information. The outcome spotlights the increasing scrutiny on tech giants’ privacy practices as regulatory and user expectations evolve.

Read more: TechCrunch

Uzbekistan’s First Unicorn Uzum Hits $1.5B Valuation

Uzbekistan’s Uzum is proving that Central Asia isn’t just catching up—it’s arriving. The startup just bagged $65.5 million from Tencent and VR Capital, lifting its valuation to $1.5 billion. That’s a major statement. With 17 million users and 16,000 merchants, Uzum’s mix of e-commerce, fintech, and delivery is clearly working. Now, it’s eyeing bigger moves—scaling digital banking, expanding SME services, and going global. Honestly, it’s exciting to see a Tashkent-based startup punch into unicorn territory. Uzum’s rise isn’t just a local win—it’s a signal that the region’s tech scene deserves serious global attention.

Read more: TechCrunch

Tesla Seeks Shareholder Nod for $29B Elon Musk Pay Amid AI Race

Tesla has asked shareholders to approve a $29 billion compensation package for CEO Elon Musk as the company faces an “AI talent war.” The proposal underscores Tesla’s priority to retain Musk’s leadership during a transformative period for the company, with AI playing a crucial role in autonomous driving, robotics, and manufacturing. The move comes as competition in AI innovation heats up, with rivals aggressively pursuing top technical talent worldwide.

Read more: TechCrunch

Practo Turns Profitable in FY25, Plans Global Expansion

Healthtech platform Practo has reported a profitable fiscal year 2025 and announced intentions to expand internationally. The platform credits its turnaround to increased efficiency, rapid digitization of healthcare services, and strong domestic demand. Practo’s management says global expansion will focus on markets where digital health adoption is accelerating. This milestone highlights India’s healthtech sector’s resilience and growing influence beyond national borders.

Read more: YourStory