GoKawiil
Tech News
Chinese memory chipmaker CXMT told investors it is expanding its foothold in premium memory-chip segments, pointing to progress in smartphone and AI-related chip technologies as evidence. The company framed these advances as proof it is closing the gap with established global memory manufacturers.
Researchers report that psilocybin, the psychoactive compound found in magic mushrooms, shows potential to protect cancer patients from developing long-term chronic pain. The finding points to a new therapeutic application for the psychedelic beyond its studied uses in mental health treatment.
U.S. job growth rebounded in August with employers adding 162,000 positions, a marked improvement after several months of weaker hiring over the summer. The figure surprised economists who had expected more modest gains, signaling renewed momentum in the labor market.
An Entrepreneur contributor argues that while AI coding agents have been rapidly embraced by software teams, autonomous agents for go-to-market functions like sales and marketing remain underused. The piece attributes this gap not to AI capability limits but to fragmented, duplicated sales data that lacks connection to reliable external signals needed for commercial decisions.
Market Street, once San Francisco's bustling commercial core, has become a largely deserted stretch lined with boarded-up storefronts and a barren, car-free roadway used mainly by buses. The decline followed the city's 2019 decision to ban private vehicles from the street, compounded by a wave of pandemic-era crime and looting and the mass shift to remote work that emptied downtown offices. Because San Francisco's downtown is zoned mostly for offices rather than housing, the pandemic-driven exodus left the area far emptier than mixed-use downtowns common in Europe and Asia.
Notion has opened a new headquarters on Market Street in San Francisco that deliberately avoids typical tech-office styling, favoring mood lighting, classic furniture pieces, and extensive use of wood. The design breaks from the industry norm of futuristic, statement architecture seen at companies like Apple and Amazon.
Kohler Health and startup Throne are marketing camera-equipped toilet attachments that use AI to scan urine and stool for color, consistency, and hydration markers, then generate daily 'gut health' scores through a companion app. Kohler's device costs $449 with a $130 annual membership, while Throne, which recently raised $10 million, charges $399 plus a $70 yearly fee. Both companies say their tools track what's normal for each user rather than issuing blanket health verdicts, unlike existing at-home microbiome test kits.
Proofpoint, owned by private equity firm Thoma Bravo, is reportedly in advanced negotiations to acquire cybersecurity company Varonis Systems. News of the talks sent Varonis shares sharply higher, reflecting its roughly $5 billion market valuation.
Prediction market Kalshi issued its first-ever lifetime ban to former congressman George Santos after finding he bet on markets tied to his own attendance at Trump's State of the Union address while publicly making misleading statements to move contract prices. Kalshi's compliance team found Santos profited nearly $18,000 from the scheme and fined him $71,356, while the CFTC separately ordered him to return his profits and paid its own $17,500 penalty.
Proxy advisers ISS and Glass Lewis are recommending investors vote down a proposed $800 million performance-based compensation package for Arm CEO Rene Haas ahead of the company's September 9 annual meeting. The award consists of 425,000 performance share units split into three tranches tied to Arm hitting market capitalizations of $1 trillion, $1.5 trillion, and $2 trillion by 2029-2031, with Arm currently valued near $250 billion.
Two Wall Street research notes this week argue that Meta's heavy AI investment is starting to show results. Bernstein said AI-powered ad targeting helped Meta grow ad revenue 27% year-over-year in Q2, gaining market share from Google, whose ad network revenue actually declined. Separately, Bank of America highlighted Meta's upcoming personal AI agent, Hatch, reportedly featuring a customizable dashboard and possible premium subscription tier costing up to $199.99 a month, as a potential new revenue source beyond advertising.
Prediction market platform Kalshi has permanently barred former Congressman George Santos from its service, marking the company's first-ever lifetime ban. The action stems from allegations that Santos manipulated betting markets tied to whether he would attend President Trump's State of the Union address earlier this year.