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Robinhood Tries to Rebrand Sports Betting as Investing

Robinhood has gotten a reputation as a platform where people make wildly speculative investments without sufficient guardrails. So it’s only right that it’s getting into the sports betting business. The company announced on Tuesday that it is launching “prediction markets” for college and professional football as part of a partnership with Kalshi. According to the company, it’ll start listing “contracts” for NFL and NCAA games in the coming days, with plans to make each matchup open for two wee

Microsoft employees occupy headquarters in protest of Israel contracts

is The Verge’s senior AI reporter. An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. On Tuesday, a group of current and former Microsoft employees, as well as community members, took over a plaza at Microsoft’s headquarters in Redmond, Washington, as part of a No Azure for Apartheid protest. They declared the area a “Liberated Zone” encampment and said they had changed its name from East Campus Plaza to “The Mar

Databricks says it's valued at over $100 billion in latest funding round

Databricks has just entered an exclusive club. The data analytics software vendor said Tuesday that it's raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance and OpenAI, according to data from CB Insights. Databricks CEO Ali Ghodsi told CNBC's Brian Sullivan that the total round will exceed $1 billion. The company was last valued by private investors at $62

Forklifts require training

A lot gets covered in today's discourse about AI in software development. Most of it is noise, ranging from nihilism that we're all writing mediocre code anyway so why does it matter to endless wannabe AI influencers doing engagement bait on Twitter. Every new model release gets a bunch of threadicles 👇 amounting to the 2025 version of "Safari feels snappier". Some of it is useful, mostly crafty developers in the community sharing novel ways they're using it to solve hard problems or draw inspir

Two Years After Oceangate, Another Billionaire Hears the Siren Call of the Titanic

Two years ago, a guy named Stockton Rush was killed while piloting his “experimental” submarine towards the site of the Titanic. On board the “Titan” were four other unfortunate victims, including Pakistani businessman Shahzada Dawood (described as a billionaire) and his teenage son. Rush’s company, Oceangate, had made its money by courting wealthy clients and taking them on trips to the undersea site, but that all ended with an unfortunate implosion. Now, yet another billionaire has reportedly

Giving people money helped less than I thought it would

U.S. singer Eartha Kitt is seen at the end of the Poor People March, on June 19, 1968, in Washington, D.C. (Photo by ARNOLD SACHS/AFP via Getty Images) Just give people money. It's the simple, brute-force solution to so many problems. In low-income countries, charities are sometimes measured against whether their interventions are better than simply giving people cash. Even in high-income countries like the U.S., when disaster strikes, often the best thing you can do is get money into the hands

Trump administration reportedly weighs 10% stake in Intel via CHIPS Act grants, making government top shareholder

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images The Trump administration is discussing taking a 10% stake in Intel , according to a Bloomberg report on Tuesday, in a deal that could see the U.S. government become the chipmaker's largest stakeholder. As part of a potential deal, the government is also considering converting some or all of Intel's grants f

Elastic rejects claims of a zero-day RCE flaw in Defend EDR

Enterprise search and security company Elastic is rejecting reports of a zero-day vulnerability impacting its Defend endpoint detection and response (EDR) product. The company's statement follows a blog post from a company called AshES Cybersecurity claiming to have discovered a remote code execution (RCE) flaw in Elastic Defend that would allow an attacker to bypass EDR protections. Elastic’s Security Engineering team "conducted a thorough investigation" but could not find "evidence supportin

New York City Is Stuck With a $45 Million EV Fleet That’s Glitchy as Hell

There’s going green for the sake of the planet, and then there’s going green as part of a policy initiative that winds up buying a bunch of glitch-plagued electric vehicles from a company that went bankrupt and can no longer service them. The latter is the exact story of a New York-based company called American Lease, which has spent around $45 million for 2,800 cars from Fisker, a now-dead EV startup that only made 11,000 of that model in its short life anyway, and is now using them as part of

OpenAI Is Poised to Become the Most Valuable Startup Ever. Should It Be?

OpenAI is reportedly on the verge of a roughly $500 billion valuation, a figure that would make it the most valuable private company in the world—bigger than SpaceX, TikTok’s parent company Bytedance, and even public giants like Palantir. It’s a staggering number for a company with an “astronomical burn rate.” How is this even possible? As Axios reports, there are actually two deals in play: a SoftBank-led round valuing the company at $300 billion, which won’t close until year’s end, and a seco

TechCrunch Mobility: Ford’s big bet

Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! Ford made its big EV announcement early this week — a plan to invest $2 billion to transform its Louisville Assembly Plant into a factory capable of making a new generation of affordable EVs, starting with a midsize pickup truck with a base price of $30,000 that is slated to launch in 2027. Amid the prese

10 Pixels in, the purpose of a Google-made smartphone remains the same

Google didn't need to make its own smartphone. Even though the company spent several years having other manufacturers build phones it could slap its "Nexus" branding on, selling hardware is not core to Google's business. Things like advertising and Search still handily dwarf the inroads the company's made as a smartphone manufacturer, and that will likely remain true for the foreseeable future. Compared to the contributions the iPhone makes to Apple's bottom line, the Pixel has always, in some

Labubus Are on Track to Be a Billion-Dollar Business This Year

Labubus, the mischievous elf plush toys seen hanging on every celebrity’s designer bag this summer, have gone viral across the world, but now we know exactly how popular—and profitable—they have been. On Tuesday, the Chinese company Pop Mart, which manufactures and sells the Labubu franchise, released its financial report for the first half of 2025, and it has had a terrific year. Overall, Pop Mart’s revenue grew 204 percent compared to the year before, and net profits increased 362 percent. Th

Nvidia says it's evaluating a 'variety of products' after report of new AI chip for China

Nvidia said Tuesday that it is evaluating several products following a report that the company is working on a new artificial intelligence chip for China that is more powerful than the currently available H20. The new product, tentatively called the B30A, is expected to be based on Nvidia's Blackwell chip architecture, Reuters reported, citing people familiar with the company's plans. Nvidia hopes to deliver sample units to Chinese clients for testing as soon as next month, according to Reuters

Pharma firm Inotiv says ransomware attack impacted operations

American pharmaceutical company Inotiv has disclosed that some of its systems and data have been encrypted in a ransomware attack, impacting the company's business operations. In a filing to the U.S. Securities and Exchange Commission (SEC), Inotiv says that the cyberattack occurred on August 8 and took action to contain the breach. “On August 8, 2025, Inotiv, Inc. became aware of a cybersecurity incident affecting certain of its systems and data,” Inotiv informs. “The Company’s preliminary i

Why I'm all-in on Zen Browser

A few years ago, I moved to Arc as my default browser. I felt like everything was immediately upgraded: finally, a web browser worked how I needed it to. The interface got out of the way; it was superpowered with keyboard shortcuts that just made sense (a bit like other professional tools like Superhuman); and its profiles feature allowed me to fully sandbox my work activity away from my personal activity. It’s how I want a browser to work. Unfortunately, it didn’t live up to the goals its vend

Labubus Are on Track to Be a Billion-Dollar Business This year

Labubus, the mischievous elf plush toys seen hanging on every celebrity’s designer bag this summer, have gone viral across the world, but now we know exactly how popular—and profitable—they have been. On Tuesday, the Chinese company Pop Mart, which manufactures and sells the Labubu franchise, released its financial report for the first half of 2025, and it has had a terrific year. Overall, Pop Mart’s revenues grew 204 percent compared to the year before, and net profits increased 362 percent. T

Qualcomm's latest Snapdragon chips offer slight power-up for budget smartphones

Qualcomm revealed its latest mobile platform for more affordable smartphones and devices called the Snapdragon 7s Gen 4. Compared to its predecessor, the new Snapdragon chips have overall improved performance, support for more detailed displays and a feature that allows for better video quality in low-light situations. We were able to test the Snapdragon 7s Gen 3 with smartphones like the Nothing 3a and 3a Pro, but this next-gen chipset represents a seven percent improvement with both the Qualc

NVIDIA is reportedly developing an AI chip for China more powerful than the H20

NVIDIA is working on a new AI chip meant for the Chinese market that's more powerful than the H20, according to Reuters. It will reportedly be based on the company's latest Blackwell architecture, which can produce chips between seven and 30 times faster than its previous AI platform. Reuters says the product is tentatively named B30A and will have a single-die design, putting all its main components on a single piece of silicon. It will apparently be capable of half the computing power of NVIDI

Nebraska man gets 1 year in prison for $3.5M cryptojacking scheme

A Nebraska man was sentenced to one year in prison for defrauding cloud computing providers of over $3.5 million to mine cryptocurrency worth nearly $1 million. Charles O. Parks III (also known as "CP3O") was arrested and charged in April with wire fraud, money laundering, and engaging in unlawful monetary transactions. He was facing up to 20 years in prison in December after admitting that he didn't pay a $3.5 million bill after renting cloud computing time from two providers for his cryptojac

Tesla Making Yet Another Desperate Move in Europe

Tesla has been struggling in Europe, where its sales are down across the continent. In the United Kingdom, the company’s sales reportedly dropped 60 percent last month. With those cratering numbers, the EV firm appears to have made another, shall we say, incredibly generous offer to locals, as the company continues to combat lagging sales. British newspaper The Times reports that Tesla has nearly halved the monthly cost of leasing one of its cars in the U.K. Elon Musk’s company has been “forced

The Best Ergonomic Mouse (2025), Tested and Reviewed

Other Ergonomic Mice to Consider There are several more options on the market to consider. These didn't cut it as our top picks for one reason or another, but we still like them enough to recommend. Razer Pro Click V2 Photograph: Henri Robbins Razer Pro Click V2 for $120: The biggest draw of the Pro Click V2 (7/10, WIRED Recommends) is the shape: It’s sleek, refined, and comfortable. Instead of the sharp edges and angles of the Razer Basilisk, the Pro Click V2 has the curves of a normal mouse

Silicon Valley's AI deals are creating zombie startups: 'You hollowed out the organization'

Jaque Silva | Nurphoto | Getty Images Jeff Wang got a big promotion last month. There were lots of tears, but not the happy kind. The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in a handsome payday for many employees. But the talks fell apart and, on July 11, several founders and top researchers instead left to join Google as part of a $2

Should AI flatter us, fix us, or just inform us?

He faces a trilemma. Should ChatGPT flatter us, at the risk of fueling delusions that can spiral out of hand? Or fix us, which requires us to believe AI can be a therapist despite the evidence to the contrary? Or should it inform us with cold, to-the-point responses that may leave users bored and less likely to stay engaged? It’s safe to say the company has failed to pick a lane. Back in April, it reversed a design update after people complained ChatGPT had turned into a suck-up, showering the

Figure’s IPO filing marks Mike Cagney’s return to public markets

Figure Technology, a seven-year-old blockchain-based lending company, has filed for an IPO of its Class A common stock on Nasdaq, with Goldman Sachs, Jefferies, and BofA Securities serving as its lead bookrunners. The number of shares on offer and price range have not yet been determined. Figure says in its IPO paperwork that its revenue rose 22.4% to $191 million in the six months ended June 30, and that it reported a profit of $29 million in the same period, compared with a loss of $13 milli

Trump administration reportedly weighs 10% stake in Intel via Chip Act grants, making government top shareholder

At the embattled chipmaker's current market value, a 10% stake would be worth roughly $10.4 billion. Meanwhile, Intel has been awarded about $10.9 billion in Chips Act grants, including $7.9 billion for commercial manufacturing and $3 billion for national security projects. As part of a potential deal, the government is also considering converting some or all of Intel's grants from the 2022 U.S. CHIPS and Science Act into equity in the company, the report said, citing a White House official and

Shein reportedly weighs moving back to China in a bid for Hong Kong IPO approval

Shein is considering moving its base back to China from Singapore in a bid to convince Beijing authorities to approve the e-commerce company's Hong Kong initial public offering, according to a Bloomberg report on Tuesday. The report said that Shein had gone so far as to consult lawyers about setting up a parent company in mainland China, citing people familiar with the matter. However, it added that there was no guarantee that Shein would act upon the preliminary discussions. Shein, which sour