Business

Magnify Ventures has closed $46.6 million for its second fund, which will invest in early-stage companies building AI-powered technology for households, healthcare and family finances. Pivotal Ventures, the organization founded…

OpenAI CEO Sam Altman has discussed giving 5% of the company’s equity to a U.S. sovereign wealth fund, according to the Financial Times. The preliminary proposal would give the public…

TV Time will discontinue its television and movie tracking app after July 15, 2026, ending a service used by more than 25 million people. Owner Whip Media said operating TV…

Lucid Motors is replacing chief financial officer Taoufiq Boussaid and appointing several new executives as CEO Silvio Napoli continues to restructure the electric vehicle company. The changes will cut the…

Microsoft has formed a new operating business that will embed industry specialists and engineers within customer organizations to deploy AI systems. Microsoft Frontier Company will receive a $2.5 billion investment…

Tesla delivered 480,126 vehicles during the second quarter of 2026, setting a company record for the April-to-June period. Deliveries increased by 34% from 358,023 vehicles in the first quarter and…

Rivian has raised its 2026 delivery forecast after vehicle shipments exceeded its expectations during the second quarter. The electric vehicle maker now expects to deliver between 65,000 and 70,000 vehicles…

Cloudflare will begin blocking mixed-use web crawlers from ad-supported pages by default on September 15, 2026. The policy targets crawlers that combine traditional search indexing with AI training or agent…

Honda has started producing batteries for stationary energy storage systems, redirecting cells originally intended for electric vehicles toward data centers and other power applications. The production shift follows the automaker’s…

Sony Interactive Entertainment will stop producing physical discs for all new PlayStation games from January 2028. Games released after the cutoff will be sold digitally through the PlayStation Store and…

Vint Cerf, one of the computer scientists who helped develop the foundations of the internet, will retire from Google next week. The 83-year-old has served as the company’s vice president…

Chinese property tycoon and political activist Guo Wengui has been sentenced to 30 years in a U.S. federal prison for defrauding thousands of his online followers. A New York jury…

British American Tobacco will cut about 5,500 jobs and transfer another 3,500 roles to external partners by the end of 2026. The changes will affect nearly one-fifth of its global…

Jio Platforms and the National Stock Exchange of India are preparing for initial public offerings that could rank among the country’s largest listings. Both companies filed draft prospectuses with India’s…

TG Jones has secured High Court approval for a restructuring plan that could close up to 150 stores and impose substantial rent reductions across much of its remaining estate. The…

The Australian Competition and Consumer Commission has sued Amazon over claims that it used unfair contract terms to introduce advertising to Prime Video. The regulator alleges that more than one…

Tesla has begun testing a production version of its two-seat Cybercab on public roads in Austin, Texas. The vehicle has no steering wheel or pedals, although a safety monitor was…

Blue Origin still plans to launch its New Glenn rocket before the end of 2026, even though investigators have not determined what caused the vehicle to explode during a ground…

X has launched a hosted Model Context Protocol server that allows AI assistants such as Claude, Cursor and Grok Build to connect directly to the social platform. The service uses…

Riverside has added built-in newsletter publishing, allowing users to turn recorded videos and podcasts into written newsletters with AI. Creators and businesses can generate, edit and send newsletters without leaving…