Apple delivered its best-ever June quarter for iPhone sales and watched its shares fall anyway, as a warning about supply constraints and rising costs unnerved investors. The stock dropped more than 7% before Friday’s open, wiping out something in the region of $360bn in market value, days after Tim Cook had already warned that a memory-chip […]
This story continues at The Next Web
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-
Apple’s stock slides on supply snags despite record iPhone sales
via thenextweb.com
-
Valve is warning Steam Machine buyers that scammers have their address
via thenextweb.com
Valve has emailed European customers who ordered a Steam Machine or a Steam Controller. A cyberattack on CEVA Logistics, the firm that ships Valve hardware across Europe, took their delivery details. CNET’s Tyler Graham reported the warning on Monday. CEVA told Valve about the breach on 7 August, and Valve spent the following days working […]
This story continues at The Next Web -
Corma raised $60M from Sequoia to build the defensive AI that cybersecurity is missing
via thenextweb.com
In hundreds of simulations modelled on Fortune 500 companies with dozens of security tools, Corma tested leading AI models including GPT and Claude. First, the models attacked the simulated organisations and planted persistent threats. Then the same models were asked to defend and find what they had planted. The attackers succeeded in 88% of simulations. […]
This story continues at The Next Web -
The Arena Group is renaming itself Paradium.AI, and its revenue just halved
via thenextweb.com
The Arena Group is renaming itself Paradium.AI. The publisher of TheStreet, Parade and Men’s Journal expects the change to finish by the end of August. Business Insider had it first. Steven Tweedie and Ben Shimkus obtained a staff memo from chief executive Paul Edmondson, confidential until 4:05 PM ET, five minutes after the closing bell. […]
This story continues at The Next Web -
Google is testing a homepage without a Search button
via thenextweb.com
Google is testing a homepage with no Search button. A small group of signed-out users see three AI shortcuts in its place, and the familiar layout returns the moment they log in. Search Engine Watch spotted the change on Monday and reproduced it across Chrome, Microsoft Edge and Perplexity’s Comet browser. Three buttons sit under […]
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Point2 raised $136M to solve AI’s wiring problem. Its RF cables beat copper on reach and optics on latency.
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Point2 Technology has raised $136 million in total Series B financing to commercialise a new type of cable that could replace both copper and optics inside AI data centres. The latest extension was led by LB Investment, with new strategic participation from Arm and continued support from Maverick Silicon. The investor roster now includes Nvidia, […]
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Hackers talked their way into Levi’s, and three computers were enough
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Levi Strauss has disclosed a breach that involved no software vulnerability at all. Attackers used social engineering to reach three employees’ work computers, then took corporate data out with them. The company set out the incident in a regulatory filing with the SEC on 7 August. Intruders accessed and exfiltrated “certain corporate information”, the filing […]
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Cybersecurity stocks hit record highs, and one analyst target lasted a morning
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CrowdStrike and Palo Alto Networks hit record highs on Monday. Each rose more than 5%, after a week in which the Black Hat conference in Las Vegas turned into an argument about AI agents. CNBC’s Samantha Subin reported the move. CrowdStrike gained 11.32 points, or 5.28%. Palo Alto added 17.84 points, or 4.90%, and traded […]
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Google Play adds Venmo as a payment option in the US. In other markets, it is testing cash.
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Google Play now accepts Venmo in the United States. Users can link their Venmo account through the payment methods section in Google Play settings and use their Venmo wallet, connected bank accounts, or cards to pay for apps, games, subscriptions, and even tip creators inside supported apps. The addition joins PayPal, Cash App, and major […]
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OpenAI is hiring a power trader, because electricity is now a position on its books
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OpenAI is recruiting a power-trading lead for its data centres. The role will own commodity hedging strategy across the company’s power portfolio. It will have no direct reports at first. Bloomberg’s Julian Hast reported the listing on Monday. OpenAI did not immediately respond to a request for comment. The company’s own job posting places the […]
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Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.
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Shein’s advisers are pitching the fast-fashion giant to investors at a valuation below $30 billion for its Hong Kong IPO, a roughly 70% drop from the $100 billion-plus valuation it hit in a 2022 private fundraising. Internally, Shein set a target of $30 billion. If it IPOs lower, the company may have to consult existing […]
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Apple has run out of iPhone shapes, and Jefferies just cut it to sell
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Jefferies cut Apple from hold to underperform on Monday. That is the bank’s equivalent of a sell rating. It also cut its price target from $285.56 to $263.66. Fortune’s Sebastian Herrera reported the call. The bank’s supply-chain checks produced three reasons. Apple has cancelled a rumoured all-glass iPhone, memory prices are surging, and there is […]
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Nvidia is pulling Wall Street into the AI buildout. Its shares fell on the news
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A group of financial firms is working with Nvidia on a $500bn funding package for AI infrastructure. The group covers Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR. The Financial Times reported the talks first. Bloomberg confirmed them with people familiar with the matter. A deal could land […]
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OpenAI paused a model over cyber risk on Friday. On Monday it shipped one trained to refuse less.
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OpenAI released GPT-5.6-Cyber on Monday. It is a model built on GPT-5.6 Sol and trained for zero-day discovery and exploit-chain development, and the company says it was also trained to refuse fewer higher-risk dual-use cyber requests. Access runs only through Daybreak, the vetted cybersecurity programme OpenAI is now expanding. Axios’ Sam Sabin reported it first. […]
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YouTube just doubled the price of admission to its Partner Program
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From 1 February 2027, a channel applying to the YouTube Partner Program will need 1,000 subscribers and 8,000 valid public watch hours over the previous 365 days. The current bar is 4,000 hours over 12 months. The Shorts route doubles as well. Twenty million valid public Shorts views over 90 days, up from 10 million. […]
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House Democrats want AI CEOs under oath. Only Mike Johnson can make it happen.
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The one everybody covered went to Speaker Mike Johnson. CNBC’s Megan Cassella reported it first. House Democrats want public hearings on the AI security incidents of the past month, and they want the chief executives of the largest AI companies in the witness chair. Casar chairs the Congressional Progressive Caucus. His letter does not open […]
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The Ninth Circuit let 2,400 addiction lawsuits proceed without touching Section 230
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The Ninth Circuit handed the social media companies a defeat on Monday. It did not hand them a ruling. The San Francisco appeals court rejected their bid to overturn a lower court and shut down some 2,400 federal lawsuits over claims they built their products to addict young users. Reuters’ Diana Novak Jones reported the […]
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An AI agent deleted a stranger from a gym waitlist. The API let it
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An Australian man named Andrew asked his AI agent to book him into a popular gym class. The agent booked the class. Then it deleted a stranger. The ABC’s national AI reporter Cam Wilson and the Specialist Reporting Team’s Rhiannon Hobbins broke the story on Monday. They describe what may be the first known autonomous […]
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Meta is giving $1bn to data centre towns. Its proof is a tax from 1968
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Mark Zuckerberg announced a $1 billion Future Is For Everyone Fund on Monday. It will invest directly in the American communities where Meta builds data centres. The commitment sits inside a 6,500-word letter, The Future is for Everyone: The Path to a Positive AI Future. Meta published both the same day. The memo gives it […]
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The FCC wants to ban DJI drones it already approved. LiDAR and thermal cameras are now “military-grade.”
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The FCC is considering banning DJI drones that it already approved for sale in the United States. The proposal would expand the agency’s existing drone restrictions to target specific capabilities: LiDAR sensing, thermal imaging, aerosol-dispersing systems, coordinated swarm operations, docking stations, and drones weighing 55 pounds or more. The FCC is classifying these features as […]
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Lambda is borrowing $917m to buy chips from the company that invests in it
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Lambda is selling a $917 million leveraged loan to finance a chip purchase, Bloomberg reported on Monday. Jeannine Amodeo, Paula Seligson and Gowri Gurumurthy broke the story. The money pays for GPUs and other infrastructure as part of a contract with Nvidia, according to a person with knowledge of the matter. Morgan Stanley leads the […]
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Moburst reveals AI-powered mobile growth playbook following record campaign performance milestones
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NEW YORK & TEL AVIV, August 10, 2026 Moburst, a global mobile App marketing agency specializing in creative strategy, performance marketing, and data science, has published its integrated framework for mobile application growth in the AI era. The announcement follows recently published performance metrics with technology partner Sprout Social, demonstrating campaign goal overachievements of up […]
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Microsoft brings its fourth Indian cloud region online in Hyderabad, the first delivery against a $17.5 billion commitment
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Microsoft has brought its fourth Indian cloud region online in Hyderabad, declaring general availability of India South Central on August 6. The three-availability-zone build is the largest hyperscale region Microsoft operates in the country and, by the company’s count, gives it the biggest hyperscale cloud footprint of any provider in India. The region joins existing […]
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Grok’s image tools get a professional upgrade with templates, precise editing, and an Arena number two ranking
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SpaceXAI shipped Grok Imagine Image 2.0 on Thursday, making editing a first-class capability rather than an afterthought. The update adds a magic wand tool that changes only the region a user points at, segmentation for selecting precise areas to modify, and background removal that exports subjects with transparency. Multi-reference editing accepts up to five input […]
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You can’t regulate your way to AI sovereignty
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For years, critics of Europe’s AI strategy have made the same argument: while America builds artificial intelligence, Europe writes laws for it. The EU AI Act became the clearest expression of that divide – a landmark attempt to govern AI that many saw as further proof that Europe was prioritizing rules over innovation. Recent events […]
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Cerebras CEO says it’s “mind-boggling” that people think working 38 hours a week leads to greatness
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Andrew Feldman, cofounder and CEO of AI chip company Cerebras, says it is “mind-boggling” that people believe they can achieve greatness while working 38 hours a week. “This notion that somehow you can build something extraordinary by working 38 hours a week and having work-life balance, that is mind-boggling to me,” he said on the […]
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Apple’s Watch shake-up is a subtraction. There is no cheap one this year.
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Apple is in late-stage testing on three Apple Watch models for this autumn, Bloomberg’s Mark Gurman reported: the Series 12 in Wi-Fi and cellular versions, plus the Ultra 4. He has not heard of a new Apple Watch SE planned for 2026. That absence is the actual news. The SE is the model that put an […]
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Amazon’s new Texas data centre could become America’s biggest single polluter. It will not touch the grid.
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Amazon has confirmed it is investing in a large natural gas plant to power a data centre in Pecos County, Texas, a facility the New York Times reports could become the largest single source of climate pollution in the United States. Permits allow the plant to release 33 million tons of carbon dioxide a year. For […]
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Myspace wants to sell you a feed without an algorithm. Brussels is about to make that mandatory anyway.
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The Vanderhook brothers, whose company Viant Technology owns Myspace, have confirmed they intend to relaunch the platform. They made the announcement in a documentary titled Myspace, which premiered at Hot Docs in Toronto and also features co-founder Chris DeWolfe. “We still own Myspace,” Tim Vanderhook said. “We are stewards of the Myspace brand at this point, and […]
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Three labs, three breaches, one vendor. The AI hacking story was never about the models.
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Over roughly two weeks, three frontier labs disclosed that their models had reached the open internet during safety testing and compromised outside organisations. Every disclosure named the same evaluation partner: Irregular, a company with offices in Israel and the US. Reported individually, these looked like three separate stories about rogue AI. Together they are one story […]
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