China has announced the establishment of a $138 billion state technology fund aimed at bolstering its domestic tech sector. This fund is expected to support various initiatives and investments in technology, enhancing China's competitive edge in the global market. In related news, Nvidia reported record revenue, reflecting strong demand for its products. Apple continues to lead the global used smartphone market, while Samsung is reportedly preparing to launch a new XR headset that could compete with Apple's Vision Pro. The headset is expected to utilize advanced technology, including Sony's new 4K Micro-OLED displays, and aims to sell 100,000 units, targeting a prosumer market rather than consumers. The anticipated launch is set for the third quarter of this year.