Oracle laid off approximately 21,000 employees in the past fiscal year, a reduction larger than previously disclosed, including positions eliminated due to artificial intelligence (AI) deployment. Oracle stated in its annual financial regulatory filing on Monday: "Our adoption and deployment of AI technology across our business operations has already resulted in, and may continue to result in, a reduction in headcount."

On June 22, NVIDIA announced the Vera Rubin supercomputing platform, designed to support intensive HPC and AI workloads including climate modeling, computational fluid dynamics, and energy exploration. The platform combines Rubin GPUs with Vera CPUs and integrates NVLink, InfiniBand, and liquid cooling architecture, delivering over 7 exaflops of AI compute and approximately 5 PF FP64 scientific computing capability per system, with support for up to 144 GPUs per rack. Dell, HPE, Supermicro, and other vendors will also launch high-density supercomputing systems based on this architecture, expected to roll out beginning in Q4 2026.

Domino's Pizza announced on Monday that it is appointing Chief Operating Officer Joe Jordan as Chief Executive Officer, hoping that his extensive experience will guide the company through the current uncertain economic environment, particularly amid cautious consumer spending.

Industry sources revealed on Tuesday that Samsung Electronics' sixth-generation high-bandwidth memory chip HBM4 has surpassed $1 billion in sales. Just four months ago, the Korean tech giant became the first company globally to begin mass production and shipment of HBM4 chips in February of this year. Industry sources estimate that Samsung's HBM4 chip sales will exceed $1.2 billion by the end of June.

According to reports, SpaceX has signed a multibillion-dollar agreement with AI startup Reflection AI to provide computing resources. Reflection announced on Monday that it will pay $150 million monthly to SpaceX's AI division from July of this year through 2029, utilizing Colossus 2 data center hardware located in Memphis, Tennessee.

When Sony Group last entered the investment-grade US dollar bond market, it was focused on promoting the original PlayStation. Nearly three decades later, it is preparing to make a comeback. According to an unnamed source, the Japanese conglomerate will issue two tranches of senior fixed-rate bonds. The underwriters' indicative yield for the five-year bond is approximately 70 basis points above the comparable-maturity US Treasury yield, with the 10-year bond spread at approximately 90 basis points. The bonds may be priced later today.

According to 36kr, business registry data shows that BASF Jihua Neopentyl Glycol Co., Ltd. has undergone recent corporate changes, with original shareholders BASF (China) Co., Ltd. and BASF Europe exiting, reducing registered capital from 150 million RMB to 60 million RMB. Founded in November 1995, the company's legal representative is Chen Jianjun, with operations in basic chemical raw material manufacturing, specialty chemical product manufacturing, and specialty chemical product sales. The company is now wholly owned by China National Petroleum Corporation.

Multiple sources revealed that Nissan has halted development of an electric version of its best-selling European model, the Qashqai, as part of the Japanese automaker's efforts to streamline its product line and reduce costs. While shelving the project will save funds, if Nissan reconsiders, it likely would not bring the vehicle to market until the early 2030s, which could put it at a disadvantage relative to competitors in key market segments.

According to 36kr, on June 23, WeChat Business Group announced that its WeChat Business Star Launch GEO Overseas Solution has entered beta testing. The solution will provide systematic, end-to-end services for brands to build influence in overseas AI ecosystems.

According to 36kr, on June 23, Volcano Engine hosted the 2026 Summer FORCE Conference in Beijing, where it released Doubao large language model 2.1 and multiple new models for video, image, and audio, while upgrading its cloud services system for agents. Doubao 2.1 Pro has achieved significant capability improvements in three core areas: Coding, Agents, and VLM (Visual Language Models).

According to 36kr, Youjia Innovation's autonomous logistics vehicle brand Xiaozhu Autonomous Vehicle is completing an independent funding round valued at hundreds of millions of dollars, with investors including tier-one autonomous driving industry capital. The funding will primarily support full-stack development of physical AI technology and full-coverage mapless autonomous driving software and hardware, while expanding mass production capacity. Public data shows that as of 2025, Xiaozhu Autonomous Vehicle operates in 18 cities nationwide; based on recent order disclosures, the partnership scale exceeds 8,000 units.

During the Volcano Engine FORCE Conference, President Tan Dai addressed questions about Doubao pricing, stating: "While Doubao is not within Volcano's business scope, to my knowledge, Doubao will remain free and provide high-quality service to our broad user base. Additionally, it will soon launch a professional version with productivity-focused office task modes, powered by our latest Doubao 2.1 Pro." Editorial note: On June 3, Doubao released a statement saying it plans to launch Doubao Professional for professional users' productivity needs, while keeping standard Doubao features free for general users.

On June 23, the Ministry of Industry and Information Technology and the Ministry of Public Security jointly issued a notice establishing real-time sharing of vehicle compliance certification information, enabling domestic passenger cars to be "purchased, taxed, and registered the same day." The key change in this new model is that vehicle compliance certification information can be shared in real time between MIIT and Public Security departments, with data transmission at "second-level" speed, further improving the efficiency of vehicle purchase and registration.

On June 23, the Government Procurement Law Amendment Draft was submitted to the 23rd Session of the Standing Committee of the 14th National People's Congress for initial review. The Government Procurement Law amendment adheres to Party leadership, problem-oriented focus, unity of authority and responsibility, and steady progress. It systematically improves the government procurement system and mechanism, providing legal safeguards for unified basic institutional rules and the construction of a nationwide unified market. The draft consists of 10 chapters and 104 articles. Key changes include adjusting and optimizing the law's scope of application, strengthening the policy function of government procurement, enhancing full-process management, promoting standardized and efficient transaction rules, perfecting fair competition mechanisms, and strengthening supervision of authority and institutional anti-corruption measures.

The rapid evolution of China's new energy vehicle industry is pushing the public charging service sector to a critical juncture in its development. Looking back at the development history of China's public charging services, the industry has undergone a prolonged period of exploration, growth, and expansion. Following State Council directives to build a high-quality charging system, China's public charging service market has officially entered an application maturity phase in 2025.