Meta’s Ray-Ban smart glasses see surge in demand as revenue triples, says EssilorLuxottica | Technology News

EssilorLuxottica, the world’s largest eyewear maker, said that revenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, making the AI-powered glasses a hit among consumers. The smart glasses contributed to its first-half overall sales of €14.02 billion (US$16.25 billion), representing a 7.3 per cent year-over-year increase, according to earnings released … Read more

US smartphone market sees sluggish growth as India-made phones surge | Technology News

The United States smartphone market grew just 1% in the second quarter as vendors front-loaded device inventories amid tariff concerns, while supply chain negotiations between China and the United States boosted shipments of Indian-made phones, research firm Canalys said on Monday. WHY IT’S IMPORTANT The imposition of U.S. tariffs has prompted smartphone makers to reorganize … Read more

Krutrim layoffs continue as Ola-backed AI startup looks to build ‘leaner’ teams | Technology News

Ola founder Bhavish Aggarwal’s AI venture, Krutrim, has reportedly laid off several employees in the company’s linguistics department in its second round of job cuts this year. More than 100 employees have been impacted by the layoffs as part of Krutrim’s strategy to make its workforce leaner, according to a report by Economic Times. “As … Read more

Google admits lapse in earthquake alert system during Turkey’s 2023 tragedy: Report | Technology News

When a devastating 7.8 magnitude earthquake struck southeastern Turkey in the early hours of February 6, 2023, most people were asleep. By the time buildings crumbled and the earth stopped shaking, over 55,000 lives were lost. But as the dust settled, a question lingered: Why didn’t more people receive a warning? Now, more than two … Read more

Musk says Tesla, Samsung Electronics sign $16.5 billion chip supply deal | Technology News

Tesla CEO Elon Musk said the U.S. automaker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant’s loss-making contract manufacturing business. “Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip. The strategic importance of this is hard … Read more

Elon Musk opens a Tesla Diner in Los Angeles: Here’s all you need to know about the retro-futuristic spot that’s a peak Tesla tech experience | Technology News

A humanoid robot serving popcorn on the roof deck, Cybertruck-themed food containers, a drive-in movie theater, and Tesla technology everywhere. Welcome to Tesla Diner & Drive-In, a new hotspot recently opened in Santa Monica, an upscale neighborhood in Los Angeles, California. Opened just last week, the diner is already drawing hundreds of visitors eager to … Read more

This Made-in-China humanoid robot is set to mainstream the market for under $6,000 | Technology News

While US tech companies are still setting their vision for a robotic future, a China-based company is already on a mission to mainstream humanoid robots with a $5,900 model. In fact, Unitree Robotics’ latest humanoid robot, called the R1, costs even less than the MG Comet EV. That’s how serious the Chinese robotics firm seems … Read more