Saudi Aramco reported a 33% year-on-year increase in Q2 net profit to $33.4 billion, benefiting from geopolitical conflicts driving up oil prices. Apple filed a trade secret misappropriation lawsuit against OpenAI, alleging illegal acquisition of Apple’s proprietary technology; OpenAI responded by releasing chat records to refute the claims. NVIDIA announced that its silicon photonics co-packaged optics (CPO) technology has officially entered mass production, in collaboration with TSMC. SK Hynix and Sandisk jointly released the first standard specification for High Bandwidth Flash (HBF) 1.0. Alibaba announced that its flagship Max-level model Qwen3-Max will be open-sourced globally for the first time. The EU AI Act’s Article 50 transparency rules took effect on August 2, mandating mandatory labeling for AI-generated content. Alibaba officially released the Qwen3.8-Max large model with 2.4 trillion parameters, focusing on agentic computer use capabilities.
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