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Nothing CMF Phone 1 launch at 2:30 pm: Livestream, what to expect, and more

Nothing CMF Phone 1 launch at 2:30 pm: Livestream, what to expect, and more

by | Jul 8, 2024 | Technology


3 min read Last Updated : Jul 08 2024 | 11:15 AM IST

Nothing is set to launch its inaugural smartphone under the CMF branding, the CMF Phone 1, today (July 8) at the Nothing Community Update event. Alongside, the company will introduce accessories such as the CMF Buds Pro 2 and the Watch Pro 2. The event will commence at 10 AM BST (2:30 PM IST) and will be livestreamed on the company’s official YouTube channel for a global audience. The livestream can also be accessed via the embedded video towards the end of this article.


CMF Phone 1: What to expect


Nothing has disclosed that the CMF Phone 1 will feature a customisable design allowing customers to personalise their phones using a variety of back panel cases with different colours and textures. Additionally, users can enhance functionality with accessories like an attachable stand, lanyard, and pouch. These accessories can be attached directly to the smartphone using the rotatable dial on the bottom left and screws along the edges. Colour options for the back cover include Black, Orange, Light Green, and Blue. The Black and Light Green variants will feature a subtle texture, while the Blue and Orange back cases will boast vegan leather textures.


Ahead of the launch, Nothing has unveiled key specifications of the smartphone. The CMF Phone 1 will feature a 6.67-inch Super AMOLED display with a 120Hz refresh rate, supporting HDR10+ visuals and offering a peak brightness of 2000 nits. It will be powered by the MediaTek Dimensity 7300 system-on-chip (SoC) and will offer up to 16GB of RAM. In terms of photography, the smartphone will include a dual-camera setup with a 50-megapixel primary sensor from Sony featuring an f/1.8 lens.


CMF Buds Pro 2: What to expect


The second generation CMF Buds Pro wireless earbuds will feature Hybrid Active Noise Cancelling (ANC) of up to 50 dB. They will include dual audio drivers for improved audio output and a Smart Dial on the charging case for intuitive sound control. Users will be able to adjust the volume and ANC levels using this customisable dial.


CMF Watch Pro 2: What to expect


The CMF Watch Pro 2 will sport an aluminium alloy body with a circular dial and a rotating crown dial on the side for additional functionality. It will also feature interchangeable bezels, allowing users to swap the metallic frame ring around the display for different textures and shapes.


Nothing Community Update Event: Livestream

First Published: Jul 08 2024 | 11:15 AM IST



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TCS, HCL earnings recovery may get further push from growth in AI demand

TCS, HCL earnings recovery may get further push from growth in AI demand

by | Jul 8, 2024 | Technology


TCS and HCL have clung to outsourcing projects aimed at offering cost savings. Image: Bloomberg

3 min read Last Updated : Jul 08 2024 | 11:07 AM IST


By Harshita Swaminathan, Rachel Yeo, Reina Sasaki and Justina T. Lee


Earnings guidance from Indian IT outsourcing firms including Tata Consultancy Services Ltd. and HCL Technologies Ltd. will reveal how the much-awaited recovery is shaping up. 

 


With US and European companies remaining weary of spending on new projects, TCS and HCL have clung to outsourcing projects aimed at offering cost savings. TCS results this week should show revenue growth picked up sequentially in the April-June quarter, consensus estimates show. 


US-listed peer Accenture Plc’s management has indicated the boom in generative artificial intelligence is acting as a catalyst for businesses to rethink and invest in their IT systems. That should create revenue opportunities for firms like TCS and HCL.


Over in Japan, Uniqlo-owner Fast Retailing Co., and Ryohin Keikaku Co., which owns the Muji brand, should both see double-digit operating profit growth in the quarter. Warmer temperatures boosted sales of spring-summer clothing, according to Bloomberg Intelligence.


Meanwhile, South Korea’s LG Energy Solution Ltd.’s preliminary second-quarter operating profit fell below expectations as sales of electric vehicles continued to slow.


Highlights to look out for:


Thursday: Tata Consultancy Services’ (TCS IN) quarterly profit should grow 8 per cent as the earnings recovery begins to take shape in the Indian IT space. Salary hikes should hurt margins compared with a quarter ago, though the pace of wage increases slowed, analysts at Prabhudas Lilladher said. TCS probably added more than 10,000 employees from a quarter ago, the first sequential headcount growth in a year. Watch for commentary on financial sector clients, which account for almost a third of revenue and have been a large part of the recent slowdown. 


Fast Retailing’s (9983 JP) third-quarter operating income probably rose 12 per cent, estimates show. Sales in East and Southeast Asia should strengthen if economic sentiment improves, SMBC Nikko said. Its operating margin in China will be scrutinized amid sluggish consumer sentiment, the brokerage added. The retailer is also betting on new technologies, including checkouts without bar codes, to reach its target of 10 trillion yen ($62 billion) in annual sales.

 


Seven & i’s (3382 JP) first-quarter operating profit probably declined 7.7 per cent, consensus shows. Domestic and overseas sales were sluggish in March and April. The overseas business may achieve its fiscal 2025 operating profit growth target of 4 per cent, helped by improved gas volumes from 204 new stores and slight growth in gross margin, SMBC Nikko said.

 


Friday: HCL Technologies’ (HCLT IN) first-quarter earnings should be supported by robust revenue growth in the IT & business and engineering & R&D services units, consensus shows. It’s expected to repeat 2025 revenue growth guidance of 3 per cent-5 per cent at constant currencies, according to Nomura. Jefferies said a near-term growth recovery is unlikely as discretionary IT spending remains muted.


Ryohin Keikaku (7453 JP) should post quarterly operating profit growth of 15 per cent, as higher temperatures spurred sales of its spring-summer clothing. The China business has been struggling, but still outperforming the general apparel market in China, Jefferies analysts said in a June 10 note. The owner of Muji may include more affordable items in its lineup to fend off local rivals like Miniso and meet full-year earnings targets, BI said.

First Published: Jul 08 2024 | 11:07 AM IST



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OnePlus confirms Nord 4, Pad 2, Watch 2r, Buds 3 Pro launch for July 16

OnePlus confirms Nord 4, Pad 2, Watch 2r, Buds 3 Pro launch for July 16

by | Jul 8, 2024 | Technology


OnePlus Nord 4, Pad 2, Watch 2r and Buds 3 Pro

3 min read Last Updated : Jul 08 2024 | 10:51 AM IST

After announcing its “Summer Launch” event for July 16, China’s OnePlus has confirmed the devices it will unveil globally at the event. OnePlus president Kinder Liu has posted on X (formerly Twitter) that the company will introduce the Nord 4 smartphone, the Pad 2 tablet, the Watch 2r smartwatch, and Nord Buds 3 Pro wireless earbuds. While the tablet and the smartwatch are expected to be the rebranded version Pad Pro and eSIM-based Watch 2, respectively, the Nord 4 and Buds 3 Pro are anticipated to be fresh offerings. For context, the Pad Pro and eSIM-based Watch 2 version were recently launched by the company in its home country.


OnePlus Summer Launch event: Details


OnePlus will host the event in Milan, Italy on July 16. The event will livestream online for a global audience. The livestream will be available on the company’s YouTube channel. The event is scheduled to commence on July 16 at 6:30 pm (IST).


OnePlus Summer Launch event: What to expect


OnePlus Nord 4


The Nord 4 smartphone is expected to boast a full metal construction, with a dual-tone finish on the back cover. The upper section of the back panel would likely get a glossy glass like finish while the lower side would likely get a metallic texture. The glossy top section would sport a dual-camera setup with the camera sensors placed horizontally alongside each other. Here are the expected specifications:


  • Display: 6.74-inch OLED, 120Hz refresh rate, 1.5K resolution


  • Processor: Qualcomm Snapdragon 7+ Gen 3


  • Rear camera: 50MP primary + 8MP ultra-wide


  • Front camera: 16MP


  • Battery: 5,500mAh


  • Charging: 100W wired


  • OS: Android 15


OnePlus Pad 2


The OnePlus Pad 2 is expected to be the rebranded version of the OnePlus Pad Pro, which was recently launched in China. If true, the Pad 2 will sport a 12.1-inch display of 3K resolution and 144Hz refresh rate. The Pad 2 will be powered by the Qualcomm Snapdragon 8 Gen 3 system-on-chip (SoC), paired with up to 16GB RAM and up to 512GB on-board storage options. The tablet will be backed by a 9,510 mAh capacity battery, which will support 67W SUPERVOOC wired charging.


  • Display: 12.1-inch, 3K resolution (3000×2120), 144Hz refresh rate, 900 nits peak brightness, 7:5 aspect ratio


  • Processor: Qualcomm Snapdragon 8 Gen 3


  • RAM: 8GB/ 12GB/ 16GB


  • Storage: 128GB / 256GB/ 512GB


  • Battery: 9510mAh


  • Charging: 67W


  • OS: Android 14


OnePlus Watch 2r


Similar to the tablet, the OnePlus Watch 2r is expected to be a rebranded model based on the eSIM-based Watch 2. The Watch 2r will sport a 1.43-inch AMOLED display. The Watch 2r will be powered by the Qualcomm Snapdragon W5 Gen 1 chip and a 500mAh battery. While not much is expected to change on the Watch 2r, compared to the Watch 2, the smartwatch is anticipated to support eSIM connectivity.


OnePlus Nord Buds 3 Pro


Touted by the company as “the pinnacle of mid-range ANC earbuds”, the Nord Buds 3 Pro are anticipated to be similar to the Buds 3, which boasts dual audio drivers with support for hi-res audio (LHDC), up to 49db adaptive noise cancellation, touch volume controls, and up to 44 hours battery life. 

First Published: Jul 08 2024 | 10:51 AM IST





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Algo rhythm: The race to embrace workplace artificial intelligence

Algo rhythm: The race to embrace workplace artificial intelligence

by | Jul 7, 2024 | Technology


Less than two years since generative artificial intelligence (GenAI) came to the market, organisations are discovering that instead of automating away jobs, the technology is boosting workers’ performance. That’s one of the key findings of Freshworks’ ‘Global AI Workplace Report’ that surveyed more than 7,000 employees of organisations. Employees in India and West Asia have the highest AI usage and expertise.



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Odisha Police to use AI for traffic, crowd management during Rath Yatra

Odisha Police to use AI for traffic, crowd management during Rath Yatra

by | Jul 7, 2024 | Technology


The deities sitting inside the holy chariots have been made out of tamarind seeds, and completed in seven days. The chariots are two inches tall from bottom to top | (Photo: PTI)

2 min read Last Updated : Jul 07 2024 | 7:11 AM IST


Odisha Police will use AI technology on a pilot basis for effective traffic and crowd management during the Lord Jagannath Rath Yatra, a senior police official said.


The Rath Yatra, also known as the Chariot festival, is believed to be as old as the Jagannath Temple in Puri. This year, Lord Jagannath Yatra will take place on July 7.


“This is the first time, as a pilot project, we are trying to use AI-based CCTV coverage where all those CCTV points which we have around 40 points where we have placed CCTV cameras. We would be using AI amalgamated with the CCTV system. We would also be using a drone system to identify the blind spots, identify the jam areas. We are also using drones along with the PA (Public address) system so that there are 4-5 identified spots every year where we normally face huge traffic jams and to help assist the police officers,” Additional DGP, Odisha, Dayal Gangwar, told ANI on Saturday.


Earlier on July 6, Bhubaneswar-based miniature artist, L Eswar Rao, curated eco-friendly chariots of the holy trinity Lord Jagannath, Devi Subhadra and Lord Balabhadra using papers and incense sticks ahead of the world-famous Rath Yatra.


The deities sitting inside the holy chariots have been made out of tamarind seeds, and completed in seven days. The chariots are two inches tall from bottom to top.


Speaking to ANI, the miniature artist L Eswar Rao said, “To mark this year’s Rath Yatra, I decided to craft miniature models of chariots of Lord Jagannath, Devi Subhadra and Lord Balabhadra using papers and incense sticks. It took me seven days to complete them with decorative stars. I used tamarind seeds to make the deities.”


Rao further stated that the idols of Lord Jagannath, Devi Subhadra and Lord Balabhadra, which are placed on chariots are only half a centimetre long and the holy trinity chariots are two inches tall from top to bottom.


Rao has been practising this miniature art for the last 25 years since he was in school. Whether it is creating the World Cup trophy on a pencil nib or making a tiny sculpture of Sardar Vallabhbhai Patel using a soap bar, Rao never misses an opportunity to sculpt fascinating things.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Jul 07 2024 | 7:10 AM IST



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Foxconn Q2 revenue beats market forecast on high AI server demand

Foxconn Q2 revenue beats market forecast on high AI server demand

by | Jul 5, 2024 | Technology


“Entering the peak season of the second half of the year, we anticipate our operation to gradually gain momentum,” it said. Photo: Shutterstock

2 min read Last Updated : Jul 05 2024 | 11:46 PM IST


Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, posted on Friday better-than-expected quarterly revenue on AI server demand, and forecast continued growth in the current quarter.


The third quarter is traditionally the start of the season for Taiwan’s tech companies to race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets’ year-end holiday period.

 


Foxconn is also powering ahead due to strong demand for servers for artificial intelligence (AI) applications, and its customers include AI darling Nvidia.

 


This year’s third quarter is expected to see revenue grow both year-on-year and compared with the previous quarter, Foxconn said in a statement.

 


“Entering the peak season of the second half of the year, we anticipate our operation to gradually gain momentum,” it said.

 


The company does not provide numerical forecast.

 


Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$490.7 billion ($15.12 billion), up 16.1% year-on-year and at the second-highest level for the same period.

 


For the second quarter, revenue soared 19.1% year-on-year to T$1.55 trillion, beating a T$1.51 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate, and a record high for the same period.


Second-quarter revenue in its cloud and networking products segment showed strong growth year-on-year and quarter-on-quarter benefiting from strong AI server demand, it said.

 


However for smart consumer electronics products, including smartphones, revenue was flat year-on-year, Foxconn said, without providing an explanation.

 


Foxconn’s shares have surged 105% so far this year, outperforming a 31% jump for the broader Taiwan market.

 


In line with the overall market, Foxconn’s shares closed flat on Friday ahead of the revenue data release.

 


The company will report its second-quarter earnings on Aug. 14.

First Published: Jul 05 2024 | 11:32 PM IST



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