Leaked renders via Android Headlines show the Samsung Galaxy Z Flip 8, Z Fold 8, Watch 9, and Watch Ultra 2; the Galaxy Z Fold 8 is likely a new wide foldable (Lawrence Bonk/Engadget)
Sources: Sonos' layoffs include some top design and product executives, like VP of Design Dana Krieger; CEO Tom Conrad says the move reduces management layers (Chris Welch/Bloomberg)
The AI data center boom has led to surging demand for power transformers, with average lead times for orders, once measured in months, now stretching into years (Financial Times)
Paris-based Skello, which provides AI-powered HR tools for frontline workforce management, raised €200M led by Bridgepoint to support its European expansion (David Cendon Garcia/EU-Startups)
Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (Bloomberg)
Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24% (Reuters)
Alibaba's Qwen models have made it an AI powerhouse, but the company has struggled to turn their global popularity into a profitable business (New York Times)