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Sergey Brin, one of the founders of Google, has transferred a sum of $102 million to counter Proposition 40 in California, which proposes taxing the ultra-wealthy.

Brin's latest donation to this group, named Building a Better California, amounted to $20 million. This organization positions itself as a non-partisan entity focused on 'supporting forward-thinking ideas to improve the accessibility and quality of life for all Californians.'

Despite its stated goals, the group is using these large sums to fund two ballot initiatives that could block Proposition 40. This proposition calls for a one-time five percent state tax on billionaires, with 90 percent of the collected funds going to healthcare, and 10 percent to education and food assistance.

The group declined to comment on Brin's donations. However, Deborah Cartan, Vice President of the Service Employees International Union United Healthcare Workers West, issued a statement condemning Brin's actions. She stated that 'billionaire Sergey Brin chose to spend $100 million funding a questionable opposition campaign instead of simply paying his fair share of taxes so that millions of Californians would not lose their healthcare. This is a disgrace. Billionaires already pay much lower tax rates than working families do from every paycheck.'

Brin's group supports Propositions 41 and 42. If they receive more votes of approval than the proposed billionaire tax (Proposition 40), it will lead to the nullification of the wealth tax.

Consequently, billionaires have begun reducing ties with California and are threatening to move. Brin himself moved to Nevada and purchased new real estate in other locations, such as Florida, noting that his family fled socialism in the 70s, and he does not want 'California to end up in the same situation.'

Lenovo India reported an 18% year-over-year revenue increase in the first quarter, which ended on June 30, 2026. This growth is attributed to high demand for integrated artificial intelligence (AI) solutions.

However, the company did not disclose the specific revenue amount generated from operations in India. Shailendra Katyal, Vice President and Managing Director of Lenovo India, noted that the strong start to the 2026-27 fiscal year reflects the demand for comprehensive hybrid AI solutions for both personal and enterprise needs, as well as supply chain resilience and customer trust.

Katyal emphasized that consumers are increasingly looking for integrated solutions rather than individual technologies. He added that Lenovo's Hybrid AI strategy gives the company a competitive advantage because it combines devices, infrastructure, software solutions, and services, thereby placing the company at the forefront of the era of AI democratization and inference.

Globally, Lenovo Group demonstrated its highest quarterly results in history, with adjusted net profit increasing by 176% to $1.1 billion. The Group also recorded its highest revenue growth in five years, reaching a total of $26.9 billion, which is 43% more than the $18.8 billion in the same quarter last fiscal year.

AI-related revenues grew by 60% year-over-year to $9.3 billion, accounting for 35% of the Group's total quarterly revenue. Yuanqing Yang, Chairman and CEO of Lenovo Group, stated that after the best year in the company's history, they achieved the strongest quarter, noting accelerated growth, further profitability improvement, and the emergence of AI as an obvious growth driver across all business groups.

The Infrastructure Solutions Group (ISG) nearly doubled its revenue to $8.5 billion, an increase of 98% compared to the previous year. The operating profit for this segment was $777 million. Furthermore, the AI server portfolio expanded to $54 billion, showing a 157% quarter-over-quarter growth, linked to the accelerating momentum in AI infrastructure and a rapidly growing customer base.

The Intelligent Devices Group (IDG), which includes PCs, tablets, and smartphones, registered a revenue growth of 27%, totaling $17.1 billion. The revenue of the Systems Solutions Group (SSG) was $2.9 billion, demonstrating a 28% increase compared to the previous year.

Essar Group's IT division, Black Box, announced achieving record quarterly revenue of 1719 crore rupees, which is 24 percent higher compared to the same period last year. This growth was driven by more efficient order fulfillment and the contribution of the recently acquired Brazilian business, 2S.

The company reported on Thursday that Black Box's consolidated profit increased by 18 percent, reaching 56 crore rupees for the June quarter. Previously, in the same period last year, the profit was around 47 crore rupees.

Revenue from the company's operating activities grew significantly—by approximately 83 percent, amounting to 8986 crore rupees in the reporting quarter compared to 4901 crore rupees a year earlier.

Sanjiv Verma, Director and CEO of Black Box, stated in a declaration that the company enters fiscal year 27 with strong momentum, demonstrating record quarterly revenue. He noted that this resulted from improved execution of the growing order portfolio and the contribution of the Brazilian business 2S.

Furthermore, significant orders worth $339 million raised the total value of outstanding orders to a historic high of $949 million, providing greater transparency and a solid foundation for sustainable growth.

The company also announced plans to hire about 3000 specialists by the 2030 fiscal year, with the majority of hiring taking place in the USA. Currently, Black Box's global team comprises approximately 4000 specialists.