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Huawei's First-half Profit Plunges on Heavy R&D Spending

FILE PHOTO: The logo of Huawei is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: The logo of Huawei is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo
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Huawei's First-half Profit Plunges on Heavy R&D Spending

FILE PHOTO: The logo of Huawei is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: The logo of Huawei is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTERS/Benoit Tessier/File Photo

Chinese tech giant Huawei reported a 32% drop in first-half net profit on Friday as it continued to spend heavily on research and development to offset the impact of US sanctions.

Net profit for January to June dropped 32% year-on-year to 37 billion yuan ($5.17 billion), the company reported, but revenue rose 4% to 427 billion yuan, its highest first-half revenue since 2020.

According to Reuters, it spent 96.9 billion yuan on research and development in January-June, up from 88.9 billion yuan in the first six months of last year.

Huawei has faced a blanket US ban on access to advanced chips since 2020, and has made heavy investments in chips and chipmaking equipment to counter that.

It jumped back into the 5G premium smartphone market in 2023 with its Mate 60 series, mostly sold in China.

The company did not give an earnings breakdown for individual units in the first half of this year.

Huawei shipped 26.6 million smartphones globally in the first half, up 1.7% from a year earlier, with 95% of all shipments headed to the China market, according to data from IDC.

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Technology

OpenAI Says Apple Has Only Itself to Blame in Trade-Secret Fight

The OpenAI logo in this illustration taken June 11, 2026. (Reuters)
The OpenAI logo in this illustration taken June 11, 2026. (Reuters)
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OpenAI Says Apple Has Only Itself to Blame in Trade-Secret Fight

The OpenAI logo in this illustration taken June 11, 2026. (Reuters)
The OpenAI logo in this illustration taken June 11, 2026. (Reuters)

OpenAI denied ‌Apple's allegations of trade secret theft on Monday, saying the iPhone maker failed to show any confidential information was stolen by former employees.

"This dispute is a mess of Apple's own making, and it is trying to blame everyone else," OpenAI said in a filing late Monday in US District Court in San Jose, California.

Apple sued OpenAI and former Apple employees Tang Tan and Chang Liu in July, accusing them of misappropriating trade secrets related to hardware design, manufacturing and supply-chain operations as the ChatGPT maker pushes into consumer devices.

The AI lab, led by CEO Sam Altman, contends Apple is using the lawsuit ‌to slow a ‌potential competitor and discourage employee departures. OpenAI has hired ‌roughly ⁠400 employees from Apple ⁠for its hardware initiative, the two companies have written in court filings.

California law allows employees to freely move between rivals, OpenAI said.

The lawsuit represented a dramatic escalation of tensions between the two companies, which just two years ago forged a partnership intended to boost ChatGPT's reach and help Apple gain a firmer footing in AI. But the relationship quickly soured as competition in the ⁠AI industry intensified.

In its original lawsuit, Apple argued ‌that OpenAI's hiring of Apple employees was ‌part of the AI lab's strategy to learn a competitor's secrets. Apple said Tan ‌and Liu both accessed internal Apple files after they left the ‌company.

OpenAI said on Monday that Apple encourages its employees to use personal iCloud accounts to access Apple work documents and perform their work functions, making it difficult for departing employees to separate personal and company information.

OpenAI said Apple's policy of immediately ‌escorting departing employees from its premises does not give them enough time to return company devices, transfer internal files ⁠back to the ⁠company or hand over responsibilities.

In the filing, Liu said any access to Apple documents after his departure was done to help former Apple colleagues locate files or answer questions related to Apple work. He said Apple employees repeatedly contacted him for assistance after he left.

Tan, who spent 24 years at Apple, said he returned Apple prototypes before departing and only retained non-confidential materials, including an employee departure checklist that was not confidential.

Employees "can leave a company like Apple that has struggled to adopt AI and move to an exciting startup that builds innovative products," OpenAI wrote. "Apple may not like those choices. But it cannot claim those choices are unlawful, and it cannot use its own sloppy procedures to blame others for its own mess."

Technology

SDAIA Opens DeepFest AI Event at LEAP 2026 with over 100 Speakers from 17 Countries

DeepFest is a platform dedicated to artificial intelligence and deep technologies. (SPA)
DeepFest is a platform dedicated to artificial intelligence and deep technologies. (SPA)
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SDAIA Opens DeepFest AI Event at LEAP 2026 with over 100 Speakers from 17 Countries

DeepFest is a platform dedicated to artificial intelligence and deep technologies. (SPA)
DeepFest is a platform dedicated to artificial intelligence and deep technologies. (SPA)

DeepFest kicked off on Monday alongside LEAP 2026 at the Riyadh Exhibition and Convention Center in Malham, bringing together more than 100 global speakers.

DeepFest is a platform dedicated to artificial intelligence and deep technologies.

In his opening remarks, Director of the National Information Center at the Saudi Data and AI Authority (SDAIA) Dr. Esam Alwagait said DeepFest explores the future of AI and its applications in the business sector.

The platform addresses the potential of agentic AI, rapid advances in robotics, and the integration of AI into the core of enterprise systems, Alwagait noted. It also examines global shifts reshaping approaches to building trust, promoting responsible AI governance, and deploying large models.

Alwagait confirmed that the coming days of DeepFest will feature high-level sessions, discussions, and dialogues. He said the event is more than just a gathering; it is a platform for collaboration, innovation, and progress that drive impactful steps toward a smarter and more interconnected world.

With SDAIA as a key partner, DeepFest features more than 50 sessions this year, bringing together over 100 speakers from 17 countries and 100 global brands.

Alwagait stressed that Saudi Arabia continues to play a leading role in AI advancement, supported by national talent, global partnerships, and strategic initiatives that help build a promising, more interconnected future.

He emphasized that AI is no longer merely a technological capability to be deployed, but has become a force shaping how people think, make decisions, and work.

Technology

Saudi Communications Ministry, HUMAIN Sign Agreement to Strengthen Kingdom’s AI Infrastructure

The agreement focuses on exploring opportunities to establish strategic partnerships in the AI infrastructure sector and strengthening coordination among relevant stakeholders. (SPA)
The agreement focuses on exploring opportunities to establish strategic partnerships in the AI infrastructure sector and strengthening coordination among relevant stakeholders. (SPA)
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Saudi Communications Ministry, HUMAIN Sign Agreement to Strengthen Kingdom’s AI Infrastructure

The agreement focuses on exploring opportunities to establish strategic partnerships in the AI infrastructure sector and strengthening coordination among relevant stakeholders. (SPA)
The agreement focuses on exploring opportunities to establish strategic partnerships in the AI infrastructure sector and strengthening coordination among relevant stakeholders. (SPA)

Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) and HUMAIN signed a partnership agreement to strengthen collaboration on the development and enablement of AI infrastructure in Saudi Arabia, explore partnership and investment opportunities, and develop specialized studies and solutions, supporting the growth of the AI sector and enhancing the Kingdom’s readiness to scale AI applications. 

Head of the Cloud Computing and AI Enablement Office Eng. Bassam Albassam signed the agreement on behalf of MCIT, while HUMAIN CEO Eng. Tareq Amin represented the company. 

The agreement focuses on exploring opportunities to establish strategic partnerships in the AI infrastructure sector and strengthening coordination among relevant stakeholders. This will support the development of the sector’s regulatory and operational environment, help attract local and international investment, and contribute to achieving national objectives in AI and the digital economy. 

The two parties will also collaborate on preparing and developing specialized studies and solutions for AI infrastructure, exchanging technical expertise and knowledge, and developing innovative solutions that address the requirements of government entities and align with national standards. These efforts will enhance infrastructure efficiency and support the growth of the Kingdom’s AI ecosystem. 

Areas of collaboration include supporting the development of AI data centers by strengthening coordination and integration with relevant government entities to facilitate the enablement and expansion of infrastructure projects. The two parties will also collaborate on knowledge transfer and national capability building in coordination with the HUMAIN Academy. 

The agreement builds on national efforts to develop advanced AI infrastructure, enable strategic investment in the sector, develop specialized national capabilities, and advance innovative technology solutions. These efforts will further strengthen the Kingdom’s position as a leading global hub for AI and support the continued growth of the digital economy. 

Adobe partnership 

Adobe announced at LEAP 2026 the expansion of its partnership with the Ministry of Communications and Information Technology and HUMAIN, a Public Investment Fund company, to support the growth of Saudi Arabia's creative sector. 

Adobe's commitment to the partnership exceeds $4 billion. The company plans to offer more than 27 million eligible Saudi citizens and residents aged 13 and above 12 months of free access to Adobe Firefly Standard and Adobe Express Premium features by the end of 2026. 

The partnership includes the development of an image generation model jointly designed by HUMAIN and Adobe. It is the first image generation model developed with Adobe Firefly Foundry and tuned to Saudi culture. The model will enable individuals, organizations, and creative teams to produce high-quality images reflecting Saudi culture using Arabic-language prompts. 

Minister of Communications and Information Technology Abdullah Alswaha affirmed that the partnership with Adobe and HUMAIN reflects the Kingdom's commitment to empowering talent, accelerating the growth of the creative economy, and expanding the benefits of artificial intelligence (AI) for innovators, creators, and entrepreneurs. 

Adobe Chairman and CEO Shantanu Narayen explained that the partnership combines the company's creative tools with Firefly Foundry's image and video models, tuned to Saudi culture, the ministry's local expertise, and HUMAIN's understanding of the cultural context. He said the partnership will help accelerate the growth of the Kingdom's creative economy and expand creative opportunities for all segments of society. 

Adobe Firefly, the integrated AI-powered creative studio, is among the solutions the company provides to support creativity and productivity. It combines AI models, professional editing tools, and AI agent capabilities, covering all stages of the creative process, from idea generation and visualization to creating, editing, and producing images, video, audio, and design assets.