Joby’s years of R&D with the DoD may be paying off. The company has signed an agreement with defense contractor L3Harris to develop a gas-turbine hybrid VTOL that can fly autonomously — for defense applications.
Google rolls out Gemini Deep Think AI, a reasoning model that tests multiple ideas in parallel
Google released its first publicly available “multi-agent” AI system, which uses more computational resources, but produces better answers.
Handwave lends a hand to retailers with its European alternative to Amazon’s palm payments
Latvian startup Handwave aims to compete with Amazon palm payments by offering an independent alternative.
Female-founded semiconductor AI startup SixSense raises $8.5M
SixSense offers an AI-powered platform that helps chip makers prevent defects. It landed backing led by Peak XV’s Surge (formerly Sequoia India & SEA).
Amazon CEO wants to put ads in your Alexa+ conversations
Andy Jassy’s description of an AI-generated ad that Alexa+ delivers in a multistep conversation, which could help users find new products, is uncharted territory for Amazon and the broader tech industry.
Apple projects tariff costs will hit $1.1B next quarter
That’s an uptick from the $800 million hit last quarter.
Reddit revenue soars as it bets on AI and advertising
Reddit reported its Q2 earnings, and it’s clear that its focus on AI has ramped up significantly.
Apple has now sold 3 billion iPhones
The rate of iPhone sales growth has accelerated too. This uptick in sales might be temporary, though.
Apple plans to ‘significantly’ grow AI investments and is open to M&A
Apple is open to M&A to accelerate its AI strategy, and says it’s made seven acquisitions this year so far.
Iconiq’s Will Griffith explains how his firm celebrated Figma’s IPO and why investors sold shares
Will Griffith is a seed investor in Figma. Investors didn’t want to sell millions of shares. He explains why they did it anyway.