South Korean e-commerce giant Coupang has confirmed a massive data breach exposing the personal information of 33.7 million customers. The incident, which began in June 2025, is one of the largest in the nation's history and is linked to a former employee's active credentials.
Abu Dhabi-based Kingpin has secured US$3.5 million in seed funding to scale its AI-native SaaS platform for global B2B retail distribution. The investment will fuel expansion into Europe and North America, targeting entrenched inefficiencies in wholesale trade with intelligent automation.
A series of cyber attacks on Australian defence supply chain contractors has exposed sensitive material relating to major weapons programs, including the Redback infantry fighting vehicle.
AMD delivered strong Q1 2025 results, boosting revenue 36% year-over-year to $7.4B, driven by data center and AI growth. Meanwhile, Nvidia's Jensen Huang warned U.S. export restrictions risk losing strategic ground in China’s booming AI market, urging American firms to remain globally competitive.
AMD delivered robust financial results for the first quarter of 2025, underscoring its accelerating momentum in the fiercely competitive AI and semiconductor markets. The company reported revenues of $7.4 billion, marking a 36% increase year-over-year. AMD achieved a non-GAAP gross margin of 54%, with operating income of $1.8 billion and net income of $1.6 billion, translating into earnings per share (EPS) of $0.96.
"We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter, driven by strength in our core businesses and expanding data center and AI momentum," said AMD Chair and CEO Dr. Lisa Su. CFO Jean Hu added,
"We continue to invest in R&D and go-to-market initiatives, positioning the company for long-term growth and value creation for our shareholders."
AMD:NASDAQ
Despite overall positive performance, AMD saw mixed results across different business segments. The Data Center division achieved impressive growth, with revenues rising 69% to $3.86 billion, although falling short of analyst expectations of $4.14 billion. This gap highlighted ongoing market concerns about AMD’s ability to rapidly capture AI market share from industry leader Nvidia, which reported AI-related revenues surpassing $100 billion in 2024, significantly outpacing AMD's $5 billion.
Segment-specific performance varied notably:
For Q2 2025, AMD projects revenues between $6.8 billion and $7.4 billion, slightly above analyst forecasts, with a consistent gross margin of approximately 54%. CEO Lisa Su emphasized confidence in achieving strong double-digit growth in both revenue and EPS for the entire year but cautioned investors that substantial AI revenue acceleration is likely in the latter half of the year.
Meanwhile, Nvidia CEO Jensen Huang highlighted the significance of China’s rapidly growing AI market, forecasted to reach $50 billion within two to three years. He stressed the risks posed by U.S. export controls, warning that being excluded from China would severely impact U.S. jobs, tax revenues, and Nvidia’s financial health. Huang advocated for agility among American tech companies, stating,
"The world is right now hungry, anxious to engage AI. Let us get the American AI out in front of everybody right now."
Huang’s comments emphasize the delicate balance American tech companies must maintain amid growing geopolitical tensions and increasing global competition, notably from Chinese companies like Huawei. Nvidia is actively redesigning its AI chips to remain compliant with new export regulations, aiming to preserve its competitive position in China.
As AMD continues to demonstrate substantial growth and expand its market presence, particularly in data centers and AI applications, Nvidia faces intensified competitive pressures. The rivalry between these semiconductor giants will shape the industry's trajectory, influencing strategic moves and market leadership in the global AI and chip sectors.
NVIDIA’s staggering 57 billion quarter didn’t just calm the market, it rewrote the AI story. What looked like a bubble unwind now looks like a misread. With sovereign AI deals, a Saudi megacentre and a global capex surge, NVIDIA has reset the race and reminded investors this era is only beginning.
NVIDIA’s blockbuster quarter has reset the AI narrative, turning fears of a bursting tech bubble into renewed conviction in a structural shift. With record data-centre sales and sold-out Blackwell GPUs, NVIDIA now looks less like a chip stock and more like core AI infrastructure in the AI build-out
Australia is entering the age of agentic intelligence as startups like Firmus Technologies and Sharon AI build sovereign compute, renewable powered data infrastructure and AI platforms. Infrastructure is accelerating while enterprise adoption remains slow, creating a widening national gap.
Riyadh just roared into 2025 as AI’s “third pillar”. At FII9, sovereign capital met limitless energy and world-class talent to turbocharge hyperscale data centres and model labs. HUMAIN leads the charge. The Gulf isn’t following. The Gulf is setting the pace.
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