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Oct 12, 2025 8:00 AM

Consumer Tech News (Oct 6-10): China Hits Nvidia, Tesla Tests Cybercab, Sunak Joins Microsoft & More

China has reportedly launched a sweeping customs crackdown on Nvidia Corporation’s (NASDAQ:NVDA) AI chips.

Former British Prime Minister Rishi Sunak announced that he has taken senior advisory roles with Microsoft Corporation (NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ:AMZN)-backed Anthropic.

New York City has filed a lawsuit against a host of companies including Instagram owner Meta Platforms Inc (NASDAQ:META) and TikTok parent ByteDance, for allegedly contributing to a mental health crisis among children due to social media addiction.

Thousands of North Korean IT workers have reportedly penetrated the tech sector in the U.S. and other affluent nations, using artificial intelligence to create false work and identities.

Earnings

Applied Digital Corporation (NASDAQ:APLD) reported first-quarter revenue of $64.22 million, beating analyst estimates of $49.99 million and adjusted loss of three cents per share, beating analyst estimates for a loss of 13 cents per share.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) reported that its consolidated net revenue for September 2025 reached 330.98 billion New Taiwanese dollars, up 31.4% year-over-year. The revenue declined just 1.4% from August 2025.

Technology

The UK’s Competition and Markets Authority (CMA) designated Alphabet (NASDAQ:GOOGL) Google with strategic market status (SMS) in general search and advertising services after confirming that the company ticked off the legal criteria.

Alphabet reported stronger engagement across its ...