Apple inventory rises as supply constraints pressure hardware costs
Apple reported $11.1 billion in inventory as Tim Cook warned memory shortages are tightening and shares fell after hours.
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Startups
Amazon AI spending rises as AWS growth lifts shares after Q2 earnings
Amazon shares jumped after Q2 results as investors looked past higher AI capex and focused on AWS revenue growth.
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Apple services revenue misses as App Store changes weigh on growth
Apple said services revenue missed estimates as gaming slowed, App Store payment changes hit commissions and currency effects pres...
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Reddit earnings beat expectations, but AI traffic worries hit shares
Reddit posted 61% revenue growth and higher profit, but comments about uneven search referrals pushed attention to AI’s impact on...
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Spotify User Notes let listeners add captions to playlist songs
Spotify is rolling out User Notes for song-level memories on playlists, adding a social, journal-like layer to music curation.
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Google says Chrome AI bug fixes topped two years of patches in June
Google says AI helped it patch 1,072 Chrome security bugs in two June releases, more than the prior 23 versions combined.
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Antora Energy funding round brings in $550 million for thermal batteries
Antora Energy raised a $550 million Series C to expand thermal battery projects as AI data centers push up electricity demand.
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Netflix Walking Dead deal brings AMC franchise to global markets
AMC Global Media says Netflix will stream The Walking Dead Universe globally under a multi-year co-exclusive licensing deal.
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Tesla 10 millionth EV milestone moves Musk pay goal halfway there
Tesla says it has built its 10 millionth EV, a milestone tied to one of the production targets in Elon Musk’s $1 trillion pay plan...
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Meta AI apps push expands as Zuckerberg says more products are coming
Meta says AI is speeding product development after launching several standalone apps, with more consumer products planned soon.
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Vanessa Larco’s Premise VC backs seed founders with an AI cost test
Former NEA partner Vanessa Larco says Premise VC targets early technical founders and looks for AI products that are faster, cheap...
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Zoox robotaxi service gets NHTSA exemption for paid rides
NHTSA granted Zoox a temporary exemption to charge for rides in its driverless vehicles, with fleet limits and extra oversight.
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