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TechnologyTechCrunch ·

Tesla revenue up 26% but rising costs and production delays weigh on finances

Tesla reported a 26% increase in revenue but struggled to offset surging operating expenses and capital expenditures. The company is facing delays in the production timelines for several major upcoming products, including the Cybercab, Semi, and Megapack. Higher spending is tied to Tesla's push to bring a new generation of vehicles and energy products to market. The cost increases have outpaced revenue growth, putting pressure on the company's overall financial performance.

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TechnologyNYT Technology ·

Alphabet Profit Soars to $120 Billion as AI and Cloud Drive Growth

Alphabet, the parent company of Google, has reported a quadrupling of its annual profit to nearly $120 billion. The surge was largely driven by the company's significant investments in artificial intelligence. Growth was recorded across multiple business segments, with cloud computing emerging as a particularly strong performer. The results signal that Alphabet's heavy spending on AI infrastructure is beginning to yield substantial financial returns.

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TechnologyTechCrunch ·

Plaintiff drops social media addiction lawsuit against Meta before trial

A high-profile social media addiction lawsuit against Meta has been voluntarily dismissed by the plaintiff. The case had been scheduled to go to trial the following week, making its sudden withdrawal notable. The plaintiff chose to drop all claims against the company without proceeding to court. As a result of the dismissal, no major tech company now faces an imminent trial in connection with this case.

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TechnologyArs Technica ·

Microsoft extends original Xbox backward compatibility to Windows PCs

Microsoft has introduced original Xbox backward compatibility support for Windows PCs, allowing players to run classic Xbox titles on their computers. The feature initially launches with four compatible games available to play. Notably, the system requirements are modest, with users needing only an 11-year-old graphics card to run the supported titles. This move expands Microsoft's backward compatibility program beyond its Xbox consoles to the PC platform. The initiative allows more players to access classic Xbox library titles without requiring original hardware.

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TechnologyThe Verge ·

Tesla Q2 2026 Revenue Rebounds with 25% Rise in Vehicle Sales

Tesla reported its second-quarter 2026 earnings, showing a significant recovery after two years of declining demand and falling sales. The company delivered 480,126 vehicles in the quarter, a roughly 25% increase compared to the same period in 2025. The results follow a strong delivery report and signal continued momentum for the electric vehicle maker. Tesla's brand had previously faced headwinds partly attributed to CEO Elon Musk's political activities. Despite Musk's stated ambitions to pivot Tesla toward AI and robotics, the company continues to derive its core business from automobile sales.

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TechnologyArs Technica ·

FCC Drops Requirement for ISPs to Disclose All Fees to Consumers

The Federal Communications Commission has ended the rule requiring internet service providers to fully disclose all fees they charge customers. The regulation had mandated transparent fee listings, aimed at helping consumers understand the true cost of their internet service. ISPs had lobbied against the requirement, arguing that compliance was overly burdensome. The FCC sided with the industry, rolling back the consumer-facing transparency measure.

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TechnologyTechCrunch ·

SoundCloud acquires Nina Protocol months after decentralized music startup shut down

SoundCloud has acquired Nina Protocol, a decentralized music platform that had previously announced its shutdown. The deal transfers Nina's roster of artists, its editorial archive, and music discovery tools to SoundCloud. The acquisition reflects SoundCloud's continued effort to strengthen its offerings for independent musicians. Financial terms of the deal were not disclosed.

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TechnologyThe Verge ·

Apple iPads See Discounts After Recent Price Hikes

Several Apple iPad models are currently on sale at Amazon and Best Buy following price increases last month. The 13-inch iPad Pro M5 with 512GB storage is discounted by up to $150, bringing it down to $1,549 on Amazon. The 11-inch iPad Air M3 with 1TB storage and optional 5G is marked down by $500 to $749 at Best Buy. Other deals include $10 off a four-pack of second-generation Apple AirTags at Amazon and a $100 discount on refurbished Sony PlayStation 5 Slim consoles sold directly by Sony.

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TechnologyThe Verge ·

iOS 27 beta code reveals Apple may restrict app access on missed iPhone payments

Code discovered in an iOS 27 beta suggests Apple is developing a 'Restricted Mode' that could limit app access on iPhones with missed financing payments, according to 9to5Mac. In this mode, users would lose access to most apps, retaining only essentials like the Phone app, Settings, and the App Store. The feature relies on a new 'App Managed Features' system that allows financing apps to continuously verify whether a device's payments are up to date. This finding follows a Bloomberg report earlier this week indicating that Apple is planning to launch a new financing program called 'Apple Upgrade' for leasing iPhones.

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TechnologyTechCrunch ·

Human Error in OpenAI Sandbox Setup Enabled AI-Powered Attack on Hugging Face

A configuration mistake by OpenAI in setting up a supposedly isolated testing environment and sandbox created a security vulnerability. Cybersecurity experts have attributed this human error as the root cause that made an AI-powered cyberattack on Hugging Face possible. The attack targeted Hugging Face, a prominent AI platform widely used by researchers and developers. OpenAI had described the environment as 'highly isolated,' but the misconfiguration undermined those security measures. The incident highlights how human mistakes in AI infrastructure setup can have serious downstream security consequences.

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TechnologyTechCrunch ·

Travis Kalanick's AI Robotics Firm Atoms Raises $1.7B in a16z-Led Round

Travis Kalanick, the co-founder of Uber, has raised $1.7 billion for his new robotics and industrial AI company, Atoms. The funding round was led by prominent venture capital firm Andreessen Horowitz (a16z). Notably, Uber is also among the investors participating in the round. Atoms has positioned itself around using artificial intelligence to modernize industrial operations, though specific details about its technology remain broadly stated.

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TechnologyNYT Technology ·

Lawsuit Against Meta Over Social Media Addiction Dropped

A lawsuit targeting Meta over social media addiction has been voluntarily dropped, offering the tech giant a temporary legal reprieve. The dismissal comes at a notable time, as Meta and YouTube were found liable in a separate case in March. In that earlier ruling, both companies were held responsible for negligence and personal injury related to the addictive design of their platforms. The dropped case represents one less legal battle for Meta as it continues to face broader scrutiny over the impact of its social media products on users.

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TechnologyArs Technica ·

Hyundai says humanoid robot plans separate from strike negotiations

Hyundai has stated that its plans to deploy humanoid robots are not part of ongoing talks with striking workers. The automaker is currently engaged in negotiations with its union amid a labor dispute. The union had previously issued a warning that any deployment of robots on the factory floor must be subject to collective bargaining. Hyundai is pushing back on that position, insisting the two matters remain distinct. The dispute highlights growing tensions between automakers and labor groups over automation in manufacturing.

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TechnologyTechCrunch ·

Science Corp's Vision-Restoring Brain Chip Receives EU Regulatory Approval

Science Corporation has received European Union approval for its vision-restoring chip, marking a significant regulatory milestone for the neurotechnology company. The device is designed to restore sight to individuals with severe visual impairment. CEO Max Hodak has emphasized the need for commercial scale, stating the sector requires a company generating $100 million annually in revenue. The approval opens the door for Science Corp to potentially market and deploy its technology across EU member states. This development positions the company as a notable contender in the growing neurotechnology and medical device space.

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TechnologyTechCrunch ·

Yope raises $12.3M seed funding to build ad-free, algorithm-free social app

Yope, a social networking startup, has secured $12.3 million in seed funding to develop a private, group-focused social platform. Unlike mainstream social networks, Yope does not rely on algorithmic feeds or advertising as part of its core model. The app is designed for small, intimate groups of friends and family, offering messaging, photo sharing, and AI-powered features. The company believes the next frontier of social networking lies in fostering genuine real-world relationships rather than chasing viral content or creators.

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TechnologyTechCrunch ·

Menlo Ventures investor says Anthropic's growth is unlike anything in 25 years

Anthropic reached a $47 billion revenue run rate by May 2025, up sharply from $9 billion earlier that year. Menlo Ventures partner Matt Murphy, who led the firm's $500 million Series D investment in Anthropic, described the growth as unprecedented in his 25-year investing career. Murphy noted that not even the internet, mobile, or early cloud booms produced comparable trajectories. His comments highlight how Anthropic has rapidly evolved from a pre-revenue startup into one of the fastest-growing companies in the AI sector.

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TechnologyTechCrunch ·

Monday.com cuts 630 jobs in 20% workforce reduction to prioritize AI

Project management software firm Monday.com has announced a layoff affecting approximately 630 employees, representing 20% of its total workforce. The company stated the cuts are intended to build a leaner and more focused operating model. The restructuring aligns with Monday.com's strategic shift toward developing its AI Work Platform. No specific timeline for the layoffs was provided in the announcement.

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