The week in tech.

The Galaxy Z Fold 8 256GB version may be priced at $1,899 in the US, while the Galaxy Z Fold 8 Ultra 256GB variant could cost $2,099. Samsung has announced the official unveiling date for its next-generation foldable phones and smartwatches.

Prime Intellect, a San Francisco-based AI training startup, raised $130 million in Series A funding at a $1 billion valuation. The round was led by Radical Ventures, with participation from Nvidia Ventures, Intel Capital, Dell Technologies Capital, Iconiq, and Cloudflare CEO Matthew Prince. The company's annualized revenue topped $100 million ahead of the round.

Apple has resumed accepting Visa and Mastercard credit and debit cards for App Store and subscription purchases in India after a nearly five-year pause. The company updated its systems to comply with RBI's 2021 card tokenisation rules, which require replacing stored card numbers with encrypted digital tokens. The rollout is phased, with RuPay support expected later.

Google announced its Made by Google event for August 12, 2026, in New York City at 6 PM ET, where the Pixel 11 lineup is expected. Leaks indicate the base model starts at €999 for 256GB, dropping the 128GB variant, with new colors and a Tensor G6 chip on TSMC's 2nm process.

Apple has filed a lawsuit against OpenAI and two former employees, accusing them of stealing trade secrets. The legal action centers on allegations that the defendants misappropriated confidential information from Apple.

Amazon.com Inc. is raising at least $25 billion through a bond sale to fund its artificial intelligence infrastructure. The offering consists of senior unsecured notes split into eight parts, with maturities ranging from three to 40 years. Most notes carry fixed interest rates, though some are floating.

SpaceX stock closed at $148 on Wednesday, below its debut price of $150, for a second consecutive day after being added to the Nasdaq 100 index on Tuesday. The company's record IPO raised $85.7 billion. Analysts gave mostly bullish ratings, with Morgan Stanley setting a $300 price target.

Iluvatar CoreX, a Shanghai chipmaker, is raising about $850 million in Hong Kong as its share price has more than tripled since January. The company is in talks to sell ByteDance at least 50,000 chips this year. Revenue was about 1 billion yuan ($148 million) last year, mostly from GPU sales.

India approved a manufacturing joint venture between China's Vivo and India's Dixon Technologies. The 51/49 venture, majority-owned by Dixon, will manufacture Vivo smartphones and other electronics in India. The deal, first announced in December 2024, required government clearance under 2020 investment rules for countries sharing a land border with India.

Vendelux, a New York-based provider of an AI-powered intelligence platform for B2B event marketing, raised $50 million in Series B funding led by Tribeca Venture Partners. The round brings total funding to $71 million and includes participation from S3, Pelion Ventures, HubSpot Ventures, FirstMark, and Cervin Ventures. The company plans to invest in AI technology and develop new products.

AMD has invested in and will supply GPUs to Turing, a Japanese self-driving startup. The venture arm AMD Ventures led the backing, providing both capital and hardware to support Turing's autonomous vehicle development efforts.

Meta removed a new feature that let Meta AI users generate images from public Instagram accounts by tagging them, following significant backlash. The feature, part of the Muse Image AI model rollout, allowed content from any public account to be used without permission. Meta admitted it "missed the mark" and disabled the feature.