Business

Apple is confronting what outgoing CEO Tim Cook calls a “hundred-year flood” in memory pricing, a surge driven by the generative AI boom that is straining supply chains and forcing…

Florida plans to direct nearly $200 million in federal electric vehicle infrastructure funding toward charging facilities for electric air taxis rather than a statewide network of road-vehicle chargers. The proposal…

LinkedIn is introducing a “Seems like AI slop” button that lets users flag posts or comments they consider generic, inauthentic or excessively generated by AI. The feedback will help the…

Simile has raised more than $200 million in Series B funding at a $2 billion post-money valuation, five months after announcing a $100 million Series A. The startup develops AI…

Okta has agreed to acquire identity security startup Permiso Security as businesses deploy more AI agents, applications and other non-human identities across their operations. The companies did not disclose the…

Tesla has produced its 10 millionth electric vehicle, reaching the manufacturing milestone about six years after completing its first million cars. The milestone vehicle was a black Model Y built…

Commonwealth Fusion Systems has raised another $1 billion and appointed former Moderna finance chief Lorence Kim as its new chief financial officer. The developments have renewed speculation that the fusion…

Meta plans to launch more standalone consumer apps as large language models help its teams design, test and release software more quickly. Chief Executive Mark Zuckerberg said new products were…

British AI cloud company Nscale has agreed to acquire Anyscale, adding software for managing large AI workloads to its data centre and GPU infrastructure business. The financial terms were not…

Waymo is gradually restoring freeway routes across its robotaxi network after software problems caused vehicles to enter highway areas closed for construction. The company began with Phoenix and said Los…

The US Federal Communications Commission has restricted the approval of new foreign-produced humanoid robots, quadruped robots and connected power inverters, citing cybersecurity and supply-chain risks. The policy will mainly affect…

X and the World Federation of Advertisers have settled their legal dispute over allegations that major brands coordinated an illegal advertising boycott of Elon Musk’s social media platform. The settlement…

Martha Stewart has joined the founding team of Hint, an AI-powered app designed to help homeowners manage maintenance, household documents, energy use and insurance decisions. The free iPhone app launches…

Polar has raised $5.7 million in seed funding for an AI browser designed to automate recurring work across sales, recruitment, marketing, research and business operations. Madrona led the round as…

Encore AI has raised $30 million in Series A funding to expand a platform that studies customer conversations and turns successful employee behaviour into playbooks for AI agents. The startup’s…

DoorDash has launched an in-house drone delivery programme after receiving Part 135 air carrier certification from the US Federal Aviation Administration. Called DoorDash Air, the programme includes aircraft designed and…

Fast Metals has raised $4.3 million to scale a chemical process that extracts iron, aluminium, titanium and rare-earth elements from red mud, a caustic waste produced during alumina refining. The…

Pangram has raised $9 million to expand its tools for identifying AI-generated text and images. The New York-based startup also launched Pangram 4, its latest text detection model, alongside an…

Apple has introduced a US leasing program that lets eligible customers make monthly payments on an iPhone, iPad, Mac or Apple Watch before returning, upgrading or purchasing the device at…

Baidu has begun testing its Apollo Go autonomous vehicles in London through a partnership with Lyft and its European mobility platform, Freenow. The first tests started on July 28 with…