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AI & Enterprise

Intel posts fastest revenue growth in 15 years on AI demand

Intel shares rose in after-hours trading after the company posted second-quarter results above market expectations and issued third-quarter guidance that also topped forecasts. Quarterly revenue grew 25 percent, the fastest pace since the third quarter of 2011. Data center revenue jumped 59 percent to $6.3 billion on stronger server processor sales, while client computing group revenue rose 13 percent to $8.9 billion. The company said capacity is lagging demand and it has secured 10 long-term contracts.

AI & Enterprise

IMF says AI could lift sub-Saharan Africa\'s economy 4 percent but power and internet come first

Sub-Saharan Africa could increase economic output by about 4 percent over the next decade from adopting artificial intelligence if it improves electricity, internet access and digital capabilities, the International Monetary Fund said. Without such reforms, the gain would be limited to 0.2 percent, a report co-author said. The IMF said power supply and connectivity are key constraints, and warned that investment concentrating in a few countries could widen gaps within the region.

Telecommunications & Media

iPhone 18 Pro seen rising by up to 300 dollars, reducing reasons to wait

Apple is expected to unveil its next iPhone lineup in September, focusing on the iPhone 18 Pro, iPhone 18 Pro Max and a new foldable iPhone, with the base iPhone 18 reportedly shifted to a spring launch. Attention is turning to expected price increases, with some estimates putting the rise at up to 300 dollars. Suggested pricing would lift the iPhone 18 Pro to 1,399 dollars and the Pro Max to 1,499 dollars.