Fiat Ventures announced it is unifying its growth consultancy, previously known as Fiat Growth, with its venture investing arm under one new brand called FGV Capital. Alongside the rebrand, the firm closed a $35 million second fund focused on fintech's overlap with AI, healthcare and commerce, backed by LPs including Reinsurance Group of America, MassMutual and Bank of America. General partners Marcos Fernandez and Drew Glover said the two businesses will remain operationally separate despite sharing a brand.
Apple unveiled two new chips, the 2nm M6 and the quad-die M5 Ultra, alongside refreshed Mac desktops built around them. The M6 combines super, performance and efficiency cores for the first time and adds a Neural Accelerator to each GPU core, while the M5 Ultra fuses two M5 Max chips into one processor with up to 36 CPU cores, 80 GPU cores and 512GB of unified memory. Neither desktop gets major new features beyond faster specs and higher pricing.
Dick's Sporting Goods shares dropped 15% pre-market after the retailer missed second-quarter earnings expectations and cut its full-year outlook for Foot Locker, whose comparable sales fell 3.6%. Meanwhile, Nvidia announced its Groq 3 LPX rack is entering full production later this year, the first commercial payoff from its $20 billion Groq acquisition, even as its stock posted a seventh straight day of losses ahead of Wednesday's earnings report.
Asus and Microsoft have set a launch date for the higher-end ROG Xbox Ally X20 handheld, which features an OLED screen. The device carries a premium price tag but stays roughly in line with what competing gaming handhelds already cost.
ASUS has refreshed its ROG Xbox Ally X handheld into the X20 edition to mark 20 years of its Republic of Gamers line. The update keeps the same internal hardware, including an AMD Ryzen Z2 Extreme chip, 24GB RAM, and 1TB storage, but swaps in a larger 7.4-inch OLED Nebula HDR display with higher peak brightness and a new translucent black-and-gold design.
On August 25, 1991, Finnish student Linus Torvalds posted to a Usenet group that he was building a free operating system for 386/486 machines, calling it just a hobby project unlikely to rival GNU. Thirty-five years later, that hobby has grown into the dominant force in computing, powering most major websites, cloud platforms, and all of the world's fastest supercomputers.
OpenAI CEO Sam Altman said in a podcast interview that AI has not yet had a transformative breakthrough moment comparable to the iPhone's impact on smartphones, despite having the underlying technology in place. He also acknowledged struggling with a lesson from Steve Jobs' Apple playbook: saying no to good ideas to focus resources on great ones, and admitted he was too optimistic about how fast AI would reshape the economy.
The CDC has confirmed a growing multistate outbreak tied to alfalfa sprouts, with dozens of illnesses reported across 15 states and four people hospitalized. Michigan and Wisconsin have recorded the highest case counts, and the update comes just days after a recall of multiple alfalfa sprout products linked to the contamination.
Polestar disclosed in an August 18th dealer letter that it was denied a US Commerce Department waiver allowing continued sales of its electric vehicles, despite officials reportedly signaling approval was likely. The rejection contrasts with sister brand Volvo, which received approval in May 2026 despite similar ties to Chinese owner Geely, forcing Polestar to halt US sales starting with the 2027 model year.
A public showcase event in Shanghai let visitors interact directly with humanoid robots, part of China's broader effort to promote and accelerate its robotics industry. Organizers say such events matter because hands-on exposure builds public familiarity, even as humanoid robot development globally remains slow and uneven.
China's State Administration for Market Regulation has recalled nearly three million Tesla Model 3 and Model Y vehicles, saying interior emergency door handles blend into cabin trim and are hard to find in a crash. Tesla must add warning labels and push an over-the-air update that lowers windows automatically after collisions. A separate recall was issued for almost 400,000 Xiaomi SU7 EVs over the same concern.
At Hot Chips 2026, Intel disclosed full specifications for its Crescent Island AI accelerator, including 32 Xe3P cores, 256 XMX engines, 32MB of L2 cache, PCIe Gen5 x16, and a 350W TDP. Shipping units will carry 160GB of LPDDR5X memory, though ODM designs can scale up to 480GB of VRAM.
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