Boxabl Plans $3.5 Billion Nasdaq Listing Amid Financial Uncertainty
Boxabl, the tiny home maker, is set to go public on Nasdaq through a $3.5 billion merger with FG Merger. However, the company's financial health raises concerns amid this major announcement.
US Government Acquires 10% Stake in Intel Through Existing Funding Commitments
The US government is acquiring a 10% stake in Intel by converting existing CHIPS Act grants totaling $8.9 billion into equity. This passive ownership, announced by Trump and agreed by Intel CEO Lip-Bu Tan, aims to support US chip production and maintain Tan's leadership despite controversy. The move aligns with broader investment efforts in domestic semiconductor manufacturing.
Meta Teams Up with Midjourney to Integrate AI Image Technology into Its Platforms
Meta is partnering with Midjourney to license their AI image technology, integrating it into Meta's platforms like Facebook, Instagram, and WhatsApp. The collaboration enhances Meta's AI-generated content capabilities, supporting its competitive AI efforts. Midjourney remains independent despite the partnership.
Apple Faces $1 Billion Cost Impact from Trump's Tariffs, Says CEO Tim Cook
Apple's CEO Tim Cook disclosed that tariffs implemented by the Trump administration are raising the company's costs by over $1 billion quarterly, impacting devices manufactured outside the US. Despite these tariffs, Apple reported a 10% revenue increase to $94 billion, driven by strong product sales.
Apple CEO Tim Cook Open to AI Acquisitions as Company Boosts AI Investment
Apple CEO Tim Cook confirmed the company's openness to AI-related acquisitions as it intensifies AI investments. Despite challenges in AI development and competition, Apple is advancing AI integration across its products while maintaining strong revenue growth, particularly in iPhone sales and services. The company faces potential tariff-related challenges but is preparing for new product launches later this year.
Reddit Aims to Become a Leading Search Engine with AI Enhancements
Reddit is enhancing its search engine capabilities with AI, aiming to become a primary search destination. With growing user engagement in its AI tool Reddit Answers, and plans for global expansion, Reddit seeks to strengthen its search function amidst changing internet dynamics and potential shifts in traffic from Google.
DJI Osmo 360 Camera Unavailable Officially in US but Available from Select Retailers
DJI is not officially selling its Osmo 360 camera in the US, but third-party retailers B&H and Adorama are taking pre-orders. The company has not provided clear reasons for this decision or a timeline for availability. The Mavic 4 Pro drone faces similar distribution challenges.
Nintendo Switch 2 Accelerates Third-Party Game Releases
Nintendo Switch 2 is improving the timing of third-party game releases, addressing past delays seen in previous Nintendo consoles. The recent Nintendo Direct Partner Showcase highlighted upcoming games from partners, indicating stronger collaboration and content offerings for Switch 2 users.
Epic Games Store to Return to Google Play Following Legal Victory
Epic Games Store is set to return to Google Play after a court ruling against Google's app store monopolies. This will ease access to Fortnite and other Epic games on Android, ending the need for sideloading. The ruling may also allow other third-party app stores on Android. Google plans to continue its appeal, citing concerns over user safety and innovation.
Jeremy Strong Eyed to Play Mark Zuckerberg in Aaron Sorkin's Social Network Sequel
Aaron Sorkin is developing a sequel to The Social Network focusing on the Facebook Files scandal. Jeremy Strong is the leading candidate to play Mark Zuckerberg, with Mikey Madison and Jeremy Allen White also considered for important roles. The film will delve into controversies surrounding Meta's platforms based on leaked documents. No official cast offers have been made yet.
Tesla's Robotaxi Service in San Francisco Operates with Human Drivers
Tesla's robotaxi service in San Francisco currently operates with human drivers due to regulatory requirements. The company has secured only one of three necessary permits for commercial robotaxi service, unlike Waymo which operates fully driverless cars. CEO Elon Musk plans to expand the service to more states while working towards fully autonomous rides.
Epic Wins Legal Battle Against Google, Potentially Changing Android Forever
Epic Games won a major legal case against Google, with the court confirming Google's monopoly in Android app distribution and payments. This may force Google to allow third-party app stores on Android, drastically changing the platform. Google plans to appeal further, citing concerns about user safety and innovation. Epic is set to launch its own app store within Google Play as a result of this ruling.
Reviewing the Strong Post-IPO Performance of Venture-Backed Companies in 2025: Spotlight on Figma
In 2025, venture-backed companies have generally seen strong gains after their IPOs, with the nine largest offerings performing well above their initial prices. This review covers their post-debut success and considers upcoming IPO hopefuls like Figma.
The Future of Venture Capital: Dominated by a Handful of Giants
Steve Brotman explains that the venture capital market's apparent recovery is a consolidation where ultra-unicorn companies dominate capital allocation, leaving middle-tier startups struggling to secure funding.
Mark Garcia Appointed General Manager of KVEO in Texas by Nexstar
Nexstar has appointed Mark Garcia as the General Manager of its KVEO station in Texas. Garcia brings experience from his previous role at Nexstar's KMID in Midland-Odessa, where he has worked since 2020.
Opera Files Antitrust Complaint Against Microsoft's Edge Promotion Tactics
Opera has lodged a complaint in Brazil accusing Microsoft of anti-competitive practices that favor its Edge browser by blocking alternative browsers and using manipulative design tactics. Opera aims to end Microsoft's restrictions and promote consumer choice globally.
Quince Surpasses $4.5 Billion Valuation with $200 Million Fundraise in Six Months
Quince, an online affordable luxury fashion brand, has doubled its valuation to over $4.5 billion after raising $200 million in its second funding round within six months, reflecting its strong position in the direct-to-consumer market.
GMA Surpasses Today in Demo Ratings for Week of July 21
During the week of July 21, GMA overtook Today in demo ratings, achieving their first win in this segment since early August 2023, highlighting a notable shift in viewer preferences.
July 21 Week Evening News Ratings: News Networks Struggle to Compete in 2024
ABC World News Tonight's viewership remained steady for the week of July 21, highlighting challenges news networks face in adapting to the competitive landscape of 2024 evening news ratings.
Bob O'Neil Appointed to Lead Sales for Fox Stations in Chicago and Milwaukee
Bob O'Neil, previously VP and general sales manager for WITI in Milwaukee, has been appointed by Fox to oversee sales at its Chicago and Milwaukee stations, enhancing sales leadership across these markets.