Breaking Tech: Aug 11 (5 stories)

Here is your Daily summary for Technology across the world for Tue 11th August 2026

Microsoft is set to ramp up production of its next-generation AI chips, signaling a strong commitment to enhancing its capabilities in the competitive AI landscape. This move comes as the US-China AI race heats up, with investors closely monitoring which companies can maintain long-term advantages in technology and resources.

In related news, Intel is raising $15 billion to bolster its AI chip initiatives, while Apple faces a downgrade from Jefferies amid concerns about its market position. Meanwhile, OpenAI is expanding its team by hiring a power-trading lead to address the growing energy demands of its data centers, highlighting the increasing operational complexities tied to AI development. Lastly, a Chinese Long March rocket experienced a failure during a satellite launch, marking a setback for the country's space ambitions.