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Why Apple avoiding a big AI acquisition could signal good news

In the midst of Apple’s AI challenges, some have called on the company to dip into its enormous bank account and make a splashy AI acquisition. Here’s why the lack of acquisition could signal something important about Apple’s current AI progress. Apple is ‘open’ to AI acquisitions, but shows no sign of a big purchase It’s been a big week for AI, with major new launches from companies like OpenAI and Anthropic. Meanwhile, discourse surrounding Apple’s AI efforts remains glum. Last week, the c

Nintendo's upcoming app lets kids smoosh Mario's face

Nintendo just announced a forthcoming app called Hello Mario! that's headed to iOS, Android and the Switch in Japan. The free app seems pretty basic, as it's just a giant Mario head that users can poke and prod. That sounds eerily reminiscent of the intro screen of Super Mario 64. The company says that Mario will react in various ways based on player input. His face will even turn "around and around on the screen" when manhandled. Nintendo says "parents and young children" should play together

Pinterest CEO says agentic shopping is still a long way out

Pinterest CEO Bill Ready told investors on the company’s second-quarter earnings call that the social app and inspirational bookmarking site could be considered an “AI-enabled shopping assistant.” However, he thinks that the agentic web, where AI agents shop on users’ behalf, is still far in the future. The remarks were made in response to a question about the agentic web, which could impact the search funnel and businesses like Pinterest, which positions itself at the early stages of the shopp

Tesla shuts down in-house Dojo AI supercomputer project

As first reported by Bloomberg , Tesla is disbanding the team behind Dojo , its in-house AI-training supercomputer, and reassigning remaining staff to other projects within the company. This marks a shift in the company's compute sourcing strategy for its AI-focused initiatives such as autonomous driving and the Optimus robot . Head of Dojo Peter Bannon is leaving Tesla, which is the latest departure after roughly 20 Dojo team members recently left to form DensityAI . In a response to the Bloom

Inside Dylan Field’s Big IPO—and His Even Bigger Plans for Figma

When Dylan Field pops up on my Zoom screen, his face is a mixture of giddiness and fatigue. He’s back at work, after a whirlwind trip to New York City where he launched his company Figma on the New York Stock Exchange, bucking the trend of multi-billion-dollar startups staying private. Even before it became clear that this might be the wildest public launch in years, the Figma world—fans of the app, employees (known as Figmates), and investors—had already turned Wall Street into a block party, h

Tesla’s Dojo supercomputer is DOA — now what?

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Posts from this author will be added to your daily email digest and your homepage feed. On Thursday, Bloomberg reported that Tesla CEO Elon Musk has ordered its Dojo supercomputer project to be disbanded after the project’s leader and most of its employees left to join another AI project. The news marked a major setback to

Meta acquires AI audio startup WaveForms

In Brief Meta has acquired AI voice startup WaveForms for an undisclosed sum, The Information reports. It’s the company’s latest buy to strengthen its new AI unit, Superintelligence Labs, and Meta’s second major AI audio acquisition in the last month after it bought PlayAI. WaveForms, founded just eight months ago, raised $40 million from Andreessen Horowitz in a round that valued the company at $160 million pre-money, per PitchBook data. Two of the startup’s co-founders – former Meta and Ope

OpenStore’s demise marks endgame for once-booming e-commerce aggregator market

When venture capitalist Keith Rabois got into e-commerce, he couldn't stop buying brands. Now, everything must go. OpenStore, co-founded by Rabois in 2021, is shutting down nearly all of the 40-plus Shopify stores it acquired, and it's in the process of liquidating any remaining inventory by offering steep discounts to move merchandise. Earlier this week, the company announced it plans to focus solely on growing Jack Archer, the menswear brand it bought for $837,000 in 2022. The website addres

Honda Is Giving Up on the All-Electric Dream

Honda just dealt a huge blow to the all-electric dream. In a stunning reversal, the Japanese auto giant has announced it is rethinking its electrification strategy, signaling that battery-electric vehicles (BEVs) are no longer the holy grail of its future. The move is a major setback for the EV industry, which is already reeling from the September 30 expiration of federal tax credits that made electric cars competitive with their gas-powered counterparts. For years, the auto industry, mesmerize

Rocket Report: Firefly lights the markets up; SpaceX starts selling trips to Mars

Welcome to Edition 8.06 of the Rocket Report! After years of disappointing results from SPACs and space companies, it is a good sign to see Firefly's more traditional initial public offering doing so well. The company has had such a long and challenging road over more than a decade; the prospect of their success should be heartening to the commercial space industry. As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will

Sony insists Xperia phones are ‘very important’ to it

is a news editor with over a decade’s experience in journalism. He previously worked at Android Police and Tech Advisor. Posts from this author will be added to your daily email digest and your homepage feed. CFO Lin Tao mentioned Sony’s beleaguered phone brand at the company’s recent financial results presentation, calling it “a very important business for us,” according to CNET Japan. Once upon a time, Xperia mattered to Sony because it still held a healthy chunk of Japan’s phone market. Th

The Dia browser now offers a $20/month subscription plan

The Browser Company has announced a subscription plan for Dia, its new AI-powered browser. Here are the details. Dia now offers a Dia Pro subscription plan A couple of months ago, The Browser Company launched Dia, its new crack at an AI-powered browser. That came after it decided to shut down the Arc browser, much to the dismay of passionate and highly engaged early adopters who enjoyed the company’s completely different take on what a browser should look like and behave. With Dia, which rem

OpenAI gives some employees a ‘special’ multimillion-dollar bonus

Posts from this author will be added to your daily email digest and your homepage feed. The day before the launch of GPT-5, OpenAI CEO Sam Altman surprised employees with a message in the company’s Slack. “As we mentioned a few weeks ago, we have been looking at comp for our technical teams given the movement in the market,” wrote Altman, according to a copy of the message that was shared with me. He announced that OpenAI would give a “special one-time award” to researchers and software engine

Intel’s CEO Lip-Bu Tan under fire amid Washington backlash and board friction

When Lip-Bu Tan took over as Intel’s CEO last March, the market reacted with a 13% stock bump, signaling renewed confidence in the company’s future. But today, after weeks of internal tensions, Intel’s situation has grown even more delicate, now drawing scrutiny from the White House. Internal pressure at Intel has been mounting for months After Tan was appointed as Pat Gelsinger’s successor as Intel CEO, many saw it as a positive move to reset the company’s strategy and leadership. Tan, for h

Tesla exec leading development of chip tech and Dojo supercomputer is leaving company

Tesla's vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple , CNBC has confirmed. Bannon was leading the development of Tesla's Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon's departure, and added that Musk ordered his team to shut down, with engineers in the group getting reassigned to other initiatives. Tesla didn't immediately respond to a request for comment. Since early last year,

Rocket Lab eyes big defense opportunities with new acquisition

Rocket Lab is signaling to investors, yet again, that it’s more than “just” a rocket company. Rocket Lab’s second-quarter results, which were posted Thursday, show revenues continue to be driven by its space systems business rather than launch. The results also highlighted the company’s acquisition strategy and how its purchase of a new optical payloads company will make it more competitive for lucrative government contracts. The company’s space systems brought in $97.9 million of the $144.5 m

Firefly Aerospace soars over 30% in market debut to land at $8.5 billion valuation

Firefly’s CEO Jason Kim reacts during the company's IPO at the Nasdaq MarketSite in New York City, U.S., August 7, 2025. Firefly Aerospace jumped more than 34% in its Nasdaq debut on Thursday after pricing shares above its expected range. The stock closed at $60.35, valuing the company at roughly $8.5 billion. Shares initially opened at $70 under the ticker symbol FLY. Space technology has gained momentum in recent years as companies such as Elon Musk's SpaceX amass more funding and governmen

Instacart tops estimates, issues upbeat outlook

The Instacart logo is seen on a smartphone and on a PC screen. Simo, who helped take the grocery delivery company public in 2023 and guided it through a massive growth period during the Covid-19 pandemic, will step down from her position later this month as she joins OpenAI as its new head of applications. "We delivered another strong quarter, reinforcing the essential role we play in helping families save time, money, and effort putting food on the table," wrote outgoing CEO Fidji Simo in a s

How AI conquered the US economy: A visual FAQ

The American economy has split in two. There’s a rip-roaring AI economy. And there’s a lackluster consumer economy. You see it in the economic statistics. Last quarter, spending on artificial intelligence outpaced the growth in consumer spending. Without AI, US economic growth would be meager. You see it in stocks. In the last two years, about 60 percent of the stock market’s growth has come from AI-related companies, such as Microsoft, Nvidia, and Meta. Without the AI boom, stock market retur

AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings

AppLovin shares resumed their historic rally on Thursday after the ad-tech company reported better-than-expected earnings for the second quarter. The stock popped 12% and is now up 35% for the year after soaring more than eightfold in 2024. Wall Street has piled into the company due to its growth from artificial intelligence technology that's given advertisers more ways to target users in mobile games. CEO Adam Foroughi suggested on the earnings call that another wave of growth is likely on

Peloton Is Cutting Jobs and Shifting Focus to Members’ ‘Entire Wellness Journey’

Peloton, the struggling New York-based fitness tech company, announced today that it plans to cut roughly six percent of its workforce in an effort to save costs and turn the company around. Additionally, the company’s new CEO, Peter Stern, told investors that the company would be expanding beyond its cardio roots and into the general health and wellness space. “This is not a decision we came to lightly, as it impacts many talented team members, but we believe it is necessary for the long-term

Paramount is now a Skydance Corporation

is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years. It’s official: Skydance Media’s deal to purchase CBS parent company Paramount Global for $8 billion is complete, and incoming chairman / CEO David Ellison’s first order of business is a massive restructuring. In an open letter about his plans for Paramount, a Skydance Corporation (the merged companies’ new name), Ellison announced th

OpenAI Releases GPT-5, Says It's Shutting Down All Previous Models

OpenAI has released its long-awaited GPT-5 AI model, making it free to use for anybody as of today. The Sam Altman-led company calls it "our smartest, fastest, and most useful model yet," making it "more useful responses across math, science, finance, law, and more." "GPT-5 is the first time that it really feels like you're talking to an expert in any topic," Altman said during a press briefing today, likening it to Apple's iPhone switching to high-density Retina displays, whose individual pix

A generic non-invasive neuromotor interface for human-computer interaction

Hardware sEMG-RD The sEMG devices consisted of two primary subcomponents: a digital compute capsule and an analogue wristband (Extended Data Fig. 1). The digital compute capsule comprised the battery, antenna for Bluetooth communication and a printed circuit board that contained a microcontroller, an analogue-to-digital converter and an inertial measurement unit. The analogue wristband comprised discrete links that each housed a multilayer rigid printed circuit board that contained the low-noi

Firefly Aerospace stock opens at $70 in Nasdaq debut

Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025. Firefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range. Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10 billion. The shares ticked lower after the open. Space technology has gained momentum in recent years as companies such as Elon Musk's SpaceX amass more funding and government contracts. F

X plans to show ads in Grok chatbot's answers

Grok's responses to users on X could include paid advertisements in the future. According to the Financial Times, X owner Elon Musk told advertisers in a live discussion that his company would let marketers pay to appear in suggestions from Grok. He said that after making Grok the "smartest, most accurate AI in the world," the company is now focusing on paying "for those expensive GPUs." Musk added that if a person is asking Grok to solve a specific problem, then "advertising the specific soluti

Bouygues Telecom confirms data breach impacting 6.4 million customers

Bouygues Telecom warns it suffered a data breach after the personal information of 6.4 million customers was exposed in a cyberattack. The company is one of the largest telecommunication service providers in France, offering mobile, internet, and IPTV services. Bouygues Telecom has 14.5 million mobile subscribers, 9,000 employees, and an annual revenue of €56.8 billion ($66B). Bouygues Telecom confirmed in a FAQ and a press statement that the attack occurred last Sunday, August 4, 2025. Altho

HBO Max plans aggressive crack down on password sharing starting next month

Another major streaming platform is set to crack down on password sharing. JB Perrette, head of streaming and gaming at Warner Bros. Discovery, just told investors that HBO Max will begin an "aggressive" messaging campaign about the practice beginning next month, according to an earnings report. Beyond stricter messaging, the company is looking to close any and all loopholes that allow users to share account passwords by the end of the year. Perette said the company has been testing to determin

Everything to Remember Before Watching ‘Alien: Earth’

One of the best things about the new show, Alien: Earth, is that you do not need to be an Alien superfan to enjoy it. It’s not dependent on the plots of the seven-plus films in the franchise and is only connected to them in a few tangential ways. For now, at least. Nevertheless, there are a few things worth keeping in mind as we get closer to the August 12 debut. Here they are. The overview The Alien franchise began in 1979 with Ridley Scott’s film, Alien. It continued in 1986 with James Camer

Trump's Truth Social launches AI search powered by Perplexity

Truth Social, President Trump's social media platform, is beta testing an AI search feature powered by Perplexity . Truth Search AI is launching first on the web version of Truth Social, with plans to begin a public beta for the feature on iOS and Android in the near future. "We're excited to partner with Truth Social to bring powerful AI to an audience with important questions," said Dmitry Shevelenko, chief business officer at Perplexity. The controversial AI company has found itself embroile