Amazon's AI underwhelms

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Tech Across the Globe

Internet blackouts: Russia is regularly switching off mobile internet connections in large swaths of the country for security reasons. There were a record 654 mobile data shutdowns in regions across the country in June, hitting banking apps, delivery services and taxi networks.

Hon Hai thriving: Anyone expecting evidence of an AI spending slowdown will again have been disappointed over the weekend. AI server maker Hon Hai reported 16% sales growth and met estimates in the June quarter.

Search compromise: Google will propose highlighting search results from rivals' shopping and travel platforms in an attempt to comply with the EU's Digital Markets Act and fend off fines.

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Revalued

Shares in Beijing-based Xiaomi Corp. have more than tripled over the past year, as founder Lei Jun's bold foray into EVs starts to pay off. Bloomberg's Linda Lew takes a closer look at how the maker of smartphones, luggage and rice cookers succeeded where Apple failed.

Must Read

Amazon is preparing to unfurl another round of discounts for its July Prime Day event, which will also mark the first birthday of its AI shopping assistant, Rufus. Bloomberg's Austin Carr gave a fresh try to the tool, which is heavily promoted by the online emporium operator, but the results were not much better than on its debut a year earlier. Read today's Tech In Depth essay for the full review.

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