Lucid Delays Mid-Size EV as $1.4 Billion Cost Plan Targets 2027 Runway
Lucid Motors has delayed the launch of its lower-priced mid-size electric vehicle until the second half of 2027 as new chief executive Silvio Napoli begins an operational reset. The company…
SpaceX Revenue Nearly Doubles as Starlink and AI Cloud Deals Expand
SpaceX nearly doubled its quarterly revenue as Starlink subscriptions and AI computing contracts drove growth in its first earnings report since becoming a public company. Revenue reached $7.8 billion in…
Advertising SDKs May Share Android Users’ Precise Locations by Default
Some Android app developers may be sharing users’ precise locations with advertising companies without realising it, according to new research from the Electronic Frontier Foundation. The issue occurs when advertising…
Anthropic Reportedly Signs $10 Billion Compute Deal With AI Cloud Startup Volta
Anthropic has reportedly agreed to purchase $10 billion in computing capacity from AI infrastructure startup Volta over six years. The agreement would give the Claude developer access to a new…
Coldcard Wallet Flaw Linked to $130 Million Bitcoin Theft
Hackers have stolen an estimated $130 million in Bitcoin from users of Coldcard hardware wallets after exploiting a flaw that made some recovery phrases easier to predict. Blockchain researchers believe…
Texas Orders Audits of New Data Centres as Grid Requests Reach 474 Gigawatts
Texas Governor Greg Abbott has ordered state regulators to audit every data centre seeking a connection to the state’s main electricity grid before allowing the project to proceed. The requirement…
Walmart Completes Reported $1.4 Billion Acquisition of Vibe.co
Walmart has completed its acquisition of self-service streaming television advertising platform Vibe.co, bringing the company into Walmart Connect. The retailer expects the deal to expand its connected TV advertising business…
Elon Musk Devotes Nearly Half of Tesla Earnings Remarks to AI and Robotics
Tesla chief executive Elon Musk now spends nearly half of his earnings-call remarks discussing artificial intelligence, Full Self-Driving, robotaxis and robotics, according to an analysis by TechCrunch and financial research…
Apple Seeks Injunction to Restrict OpenAI’s AI Hardware Development
Apple is seeking a preliminary injunction that would prevent OpenAI and two former Apple employees from using or disclosing trade secrets allegedly taken from the iPhone maker. Apple argues that…
Spotify Reaches 300 Million Subscribers as Revenue Rises 14%
Spotify has passed 300 million paying subscribers for the first time as the streaming company continues expanding beyond music and investing in AI-powered features. Monthly active users reached 777 million…
Runware Launches Modular AI Data Centre With 1,200 GPUs
Runware has introduced the Sonic Inference Pod, a transportable data centre designed to add AI computing capacity faster than conventional facilities. Each 20-foot unit provides one megawatt of power, contains…
Endeavor Optical Networks Raises $10.75 Million for Space-Based Laser Network
Endeavor Optical Networks has emerged from stealth with $10.75 million in seed funding to develop a satellite network that would transfer data between continents using lasers. The startup plans to…
Snap CEO Avoids Giving Specs Preorder Figures Ahead of September Launch
Snap chief executive Evan Spiegel did not disclose preorder demand for the company’s $2,195 Specs augmented reality glasses when investors questioned him during its second-quarter earnings call. Instead, he said…
Palantir CEO Warns Enterprises Against Giving AI Labs Control of Their Data
Palantir chief executive Alex Karp has warned companies that major AI model developers could eventually use customer data, prompts and business knowledge to compete with them. He argued that enterprises…
Superblocks and AWS Bring Enterprise Vibe Coding Into Private Cloud Environments
Superblocks has signed a multiyear agreement with Amazon Web Services to let companies build AI-generated internal applications inside their own AWS environments. The arrangement is designed to prevent company data,…
Design Arena Raises $7.9 Million to Expand Human Evaluation of AI Models
Intelligence, the company behind Design Arena, has raised $7.9 million in seed funding to expand its platform for evaluating AI-generated visual content through human feedback. Index Ventures led the round,…