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Valor Equity Partners, the venture firm led by SpaceX board member Antonio Gracias, has transferred about 8.5% of its SpaceX stake—roughly $8.5 billion worth—directly to its limited partners rather than selling shares and returning cash. An SEC filing shows Valor retains more than 460 million shares after the distribution.
UCLA researchers analyzed isotopic signatures in the tooth enamel of Thomas the T. rex, a well-preserved 66-million-year-old specimen from Montana, to estimate its internal body temperature. They calculated it at roughly 36.3 degrees Celsius, close to the 98.6-degree average for humans and comparable to elephants and large flightless birds like ostriches.
Al Gore, speaking with TechCrunch alongside Generation Investment Management's Lila Preston, argued that AI data centers' emissions are far smaller than critics claim, comparing them to landfill emissions and global air conditioning use. He said what worries him more are warnings emerging from within the AI industry itself.
Snap has begun taking preorders for its consumer Spectacles, now offering a separate 5G cellular carrying case through Verizon partnerships in the US, plus Orange in France and EE in the UK. Alongside this, Snap launched Specs Intelligence, a proactive AI assistant app for iPhone and Mac that works independently of the glasses but integrates with them when paired.
Snap has unveiled Specs Intelligence, a new AI assistant built into its redesigned AR Specs and available as separate desktop and mobile apps. The tool connects to outside accounts like Google to learn a user's goals, routines and relationships, then surfaces reminders, meeting prep and travel details, sorting them into context-based 'corners' for work, family and other areas of life.
Cricket Wireless has introduced a 5G home internet service running on AT&T's network, offering unlimited data for $60 a month plus a $50 gateway modem purchase. Bundling with a mobile line costs $75 for new customers or $45 for existing Cricket subscribers, and the service includes taxes in its advertised pricing with no contract required.
In a Fast Company-moderated conversation, SoundExchange CEO Michael Huppe and performer Leslie Odom Jr. discussed how artificial intelligence is transforming the creative economy. They examined how artists must now operate like entrepreneurs, diversifying income and safeguarding intellectual property as their work moves through increasingly complex digital distribution systems.
The US central bank lifted its benchmark interest rate, marking the first increase in three years as it responds to persistent inflation pressures. The move comes as American consumers face rising prices, with fuel costs climbing sharply amid geopolitical tensions in the Middle East.
A Fast Company panel brought together TrustCircle founder Sachin Chaudhry, Tin Can cofounder Chet Kittleson, and author Dana Suskind to discuss how technology shapes childhood today. Moderated by Fast Company's Morgan Clendaniel, the discussion focused on distinguishing tools that support healthy development from those that undermine it.
Jessica Tarlov, the lone liberal cohost on Fox News's top-rated show 'The Five,' spoke with Fast Company's Christopher Zara about her new book, 'I Disagree: Winning Arguments Without Losing Friends.' The conversation covered how she approaches on-air debates with conservative colleagues, the personal relationships she's built with them despite ideological differences, and what her experience suggests about the potential and limits of bridging America's political divide.
The Federal Reserve raised interest rates on Wednesday for the first time since 2023, increasing borrowing costs for consumers just as prices for electronics, groceries and housing have been climbing for the past year and a half. Economists note that even if the Fed succeeds in slowing inflation toward its 2% target, existing price increases won't reverse, meaning consumers face a higher cost baseline going forward.
GMO AI & Robotics Trading has deployed what it calls Japan's first humanoid ambulance, a van fitted with diagnostic gear, spare parts and a backup robot to swap in when one of its humanoids fails in the field. The single vehicle, based at GMO's Shibuya headquarters, will service humanoids the company operates, including units working as baggage handlers at Haneda Airport with JAL Ground Service. Broken robots are hauled back to GMO's Humanoid Lab for repair while a spare continues the job on site.