Nvidia Hits $4 Trillion on AI Optimism; AI Adoption Triggers Tech Layoffs

Latest Technology News
Total 1129 words · 5 mins read

Key Takeaways

  • Nvidia's market cap hit $4 trillion amid AI optimism, driving Nasdaq and S&P 500 gains.
  • Google, Meta, Microsoft announced layoffs in 2025, citing AI adoption and automation.
  • AI impersonated US Senator Rubio in phishing attacks targeting officials; FBI is investigating.
  • M&S hit by Dragon Force ransomware attack, resulting in £300 million profit loss.
  • Pay2Key.I2P ransomware, linked to Iran, collected $4M from US, Israeli infrastructure attacks.

Top Stories

Tech stocks surge with Nvidia hitting $4 trillion market cap on AI optimism

On July 9–10, 2025, Nasdaq and S&P 500 rose led by Nvidia reaching a $4 trillion market cap amid AI investment optimism. Experts highlight strong AI-driven demand and upcoming Nvidia earnings as key market drivers.

AI adoption triggers widespread layoffs in tech and media companies

In 2025, major tech and media firms including Google, Meta, and Microsoft announced layoffs citing AI adoption and automation as primary causes. Industry leaders warn of significant job displacement due to AI.

AI used to impersonate US Senator Rubio in high-level phishing attacks

In mid-June 2025, fraudsters used AI-generated voice and texts to impersonate US Senator Marco Rubio, targeting officials including foreign ministers and a governor. The US State Department and FBI confirmed the attacks and plan enhanced cybersecurity measures.

M&S hit by ransomware attack causing £300m loss, linked to Dragon Force

M&S disclosed a ransomware attack starting April 17, 2025, attributed to Dragon Force, resulting in customer data theft and £300 million profit loss, with ongoing cybersecurity responses.

Pay2Key.I2P ransomware linked to Iran collects $4M targeting US, Israel

In 2025, Pay2Key.I2P ransomware, linked to Iran's Fox Kitten APT, amassed $4 million from 50+ attacks targeting US and Israeli infrastructure using advanced evasion.

Business Moves

Meta invests $3.5B in EssilorLuxottica to boost AI-powered smart glasses

In July 2025, Meta acquired nearly 3% of EssilorLuxottica for $3.5 billion, strengthening their partnership on AI-powered smart glasses like Ray-Ban and Oakley, advancing Metaverse hardware development.

F5 Networks Japan advances hybrid cloud security with ADSP platform

In 2025, F5 Networks Japan highlighted its Application Delivery and Security Platform (ADSP) to integrate app delivery and security for hybrid/multi-cloud environments.

Emerging Tech

Finnish team achieves record 1 ms coherence time in transmon qubit

In 2025, Aalto University researchers reported a transmon qubit coherence time of up to 1 millisecond, enabling more complex quantum computations and advancing quantum tech.

Indiana University creates 15-minute AI diagnostic for autism and ADHD

Published July 8, 2025, Indiana University researchers developed an AI method using motion sensors and machine learning for quick autism and ADHD diagnosis.

VR headsets remain vital despite smart glasses' rise in XR/AR use

Tim Bajarin explains that while smart glasses offer daily convenience, VR headsets will persist for immersive gaming and enterprise training in the evolving XR/AR landscape.

TechBerry democratizes AI trading with 11% monthly returns for retail users

Since 2014, Germany's TechBerry provides AI-driven trading tools to 110,000 retail investors, achieving verified 11% monthly returns and planning crypto market expansion.

Hugging Face offers Reachy Mini robots for AI and human-robot interaction

In 2025, Hugging Face released Reachy Mini desktop robots, programmable in Python and integrated with AI models, enabling developers to experiment with physical AI.

Hardware Innovations

Samsung launches Galaxy Z Fold 7, Watch 7 with AI and health features

In 2025, Samsung released Galaxy Z Fold 7 foldable phones with generative AI and thinner designs, plus Galaxy Watch 7 and One UI 8 update adding health features. The Galaxy Watch 7 saw record-low prices during Amazon Prime Day, enhancing Samsung's Wear OS ecosystem.

OnePlus launches 43mm Watch 3 with Snapdragon W5 and Wear OS 5

In 2025, OnePlus introduced a 43mm Watch 3 featuring a Snapdragon W5 chipset, Wear OS 5, and up to 60 hours battery life, targeting compact smartwatch users.

SwitchBot Anti-Loss Buzzer with 130dB alarm integrates Apple Find My

In 2025, SwitchBot released an anti-loss buzzer priced at ¥2980, featuring a loud alarm, flashlight, and Apple Find My compatibility for real-time tracking.

Google Nest Doorbell 2nd Gen on sale for $120 with AI detection

During Walmart's 2025 Anti-Prime Day sale, Google Nest Doorbell (Battery, 2nd Gen) was offered at $120 featuring AI object detection and 3 hours free cloud storage.

Apple to upgrade Vision Pro with M4 chip and comfort features in 2025

Apple plans a 2025 Vision Pro update featuring a faster M4 chip, redesigned strap for comfort, and visionOS 2 enhancements, with a lighter 2027 model in development.

Internet Trends

YouTube restricts monetization of AI-generated repetitive and fake videos

On July 15, 2025, YouTube updated its Partner Program to penalize creators using AI for mass-produced, repetitive videos spreading fake celebrity news, aiming to ensure authentic content monetization.

Guide exposes fake Spotify scam emails targeting 678 million users

Forbes warns Spotify users about phishing scams with suspicious sender domains and malicious links, advising verification through official channels.

Market Insights

40% of European firms rate IT risk as extreme, favor on-premises security

A July 2025 report shows 40% of European companies consider IT risk extreme, with 31% favoring local EDR and 17% planning on-premises shifts due to AI-driven threats.

38% of businesses lack cybersecurity budgets amid £64B UK losses

A 2025 ESET report reveals 38% of businesses have no cybersecurity budget, with UK firms losing £64 billion to cyberattacks over three years.

UK warns cyber threats outpace defenses; many firms underfund security

The UK Public Accounts Committee urges Secure by Design amid rising cyber threats, while 38% of UK businesses lack cybersecurity budgets, risking £64 billion losses.

Software Updates

Google debuts Gemini AI assistant on Wear OS watches, replacing Assistant

On July 9, 2025, Google launched Gemini AI on Wear OS smartwatches including Pixel and Samsung Galaxy Watch 8, enabling voice and app activation for tasks like email summaries, enhancing AI integration in wearable tech.

Bitchat decentralized chat app flagged for security flaws after launch

Launched July 9, 2025, Jack Dorsey's Bitchat app was found vulnerable to impersonation and buffer overflow bugs by researchers, with warnings against trusting its security.

Zoom launches VR app for Meta Quest enabling avatar-based meetings

In 2025, Zoom released a standalone VR app for Meta Quest headsets, allowing users to join meetings as animated avatars with handtracking, enhancing virtual collaboration.

Microsoft Teams introduces threaded chats and emoji-triggered workflows

In 2025, Microsoft Teams updated channels with threaded conversations, multiple emoji reactions, and customizable shortcuts to enhance communication and productivity.

Tech Industry Highlights

China deploys 2,800 satellites and builds AI data centers amid US chip restrictions

Starting 2025, China is deploying 2,800 satellites as AI data centers and constructing 30 AI data centers with 115,000 Nvidia chips despite US export restrictions. These efforts aim to boost China's AI and military capabilities, intensifying US-China tech competition.

USF opens Bellini College for AI and cybersecurity with $800M NSF support

In fall 2025, University of South Florida will enroll 3,000 students in its new Bellini College for AI and cybersecurity, backed by $800 million NSF funding to meet AI workforce demand.

ElevenLabs CEO to discuss AI voice tech at TechCrunch Disrupt 2025

Mati Staniszewski, ElevenLabs CEO, will present on AI-powered voice technology transforming communication at TechCrunch Disrupt in October 2025.

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