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Top News of the Day: 1. Foxconn chief to meet Karnataka CM Siddaramaiah on August 16 2. Former Google CEO Eric Schmidt said he initially thought Microsoft partnering with ChatGPT maker OpenAI "was the stupidest idea" he had ever heard. 3. Warren Buffett has confirmed that he sold over 389 million Apple shares during the second quarter of this year. 4. US judge says 'monopolist' Google can't avoid app store reforms 5. Five law firms are set to receive $267 million in legal fees for securing a $1 billion settlement for Dell Technologies shareholders, as ruled by the Delaware Supreme Court. 6. Cisco Systems is experiencing increased demand for its networking equipment and plans to cut 7% of its global workforce in order to focus on growth areas such as AI and cybersecurity. 7. California Democrats fear US tech firm 'death spiral' with more China curbs 8. Hyundai Motor India reported a 3.2% decline in wholesale sales for July, with 64,563 units sold compared to 66,701 units sold in July 2023. 9. The UK's aviation regulator, the Civil Aviation Authority (CAA), has chosen six projects, including Amazon's Prime Air drone delivery service, to participate in trials testing the use of drones. 11. US companies like Google and Netflix are facing internet boycott calls based on false claims of funding or favoring Democratic nominee Kamala Harris in the upcoming election. 12. Cryptocurrency exchange Binance has registered with India's virtual digital asset monitoring agency FIU-IND, after paying a penalty of INR 18.82 crore to lift a seven-month ban on its operations in the country. 13. Google, owned by Alphabet, is facing the potential of being broken up after a recent court ruling that found the company had unlawfully monopolized the online search market. 14. Ola Cabs CEO and founder Bhavish Aggarwal has announced the rebranding of Ola Cabs to Ola Consumer during Ola Electric's annual event 'Sankalp'. 15. Alibaba Group's first-quarter revenue fell short of expectations due to sluggish domestic e-commerce sales in China's weakening economy. 16. Krutrim is a startup aiming to launch its first chip by 2026. The company has partnerships with Arm and Untether AI to develop CPU and AI chips and systems. 17. Ola Electric launches electric motorcycles, to integrate own cells in EVs 18. Starbucks offers hefty compensation package, WFH to new CEO Brian Niccol 19. Google's parent company, Alphabet, has announced that it is expanding its AI-generated summaries for search queries to six new countries. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.