Author: GT

Tesla shares will probably fall even further as CEO Elon Musk continues to devote his attention to politics, Morgan Stanley analyst Adam Jonas told clients in a Tuesday note. Tesla stock fell nearly 7% on Monday, erasing $68 billion from the company’s market capitalization after Musk announced on Saturday that he was forming a new America Party. “While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk’s political priorities, which may add further near-term pressure to TSLA shares,” Jonas told clients in a 12-page report. Musk…

Waymo kicked off two “road trips” to Philadelphia and New York City on Monday, signaling the Alphabet-owned company’s interest in expanding into Northeastern cities.  Waymo’s branded “road trips” don’t necessarily signal a commercial launch anytime soon. Waymo has announced several other road trips this year, including to Houston, Orlando, Las Vegas, San Diego, and San Antonio. Typically, the trips involve sending a small fleet of human-driven vehicles equipped with Waymo’s autonomous driving system to map out the new city. Then Waymo tests the vehicles autonomously, though still with a human behind the wheel, before taking any data and learnings back…

The CEO of Anysphere, the company behind the popular AI-powered coding environment Cursor, apologized Friday for a poorly communicated pricing change to its $20-per-month Pro plan. The changes resulted in some users complaining that they unexpectedly faced additional costs. “We recognize that we didn’t handle this pricing rollout well and we’re sorry,” said Anysphere CEO Michael Truell in a blog post. “Our communication was not clear enough and came as a surprise to many of you.” Truell is referring to a June 16 update to Cursor’s Pro plan. Instead of Pro users getting 500 fast responses on advanced AI models…

It was a mistake that was ahead of its time. Between 2002 and 2005, engineers with the Techint Group were trying to dial in a new electric arc furnace for a steelmaker when they noticed something odd. The carbon electrodes, rather than breaking down, were growing larger.  The team had inadvertently created what’s known as a pyrolysis reaction, which is basically burning something in the absence of oxygen. In this case, the furnace was splitting methane into pure hydrogen and pure carbon. The team reported their discovery internally and then, basically, forgot about it. “Back then, nobody cared because nobody…

NEW YORK (AP) — Oprah Winfrey has chosen a novel with a timely theme for her latest book club pick. Bruce Holsinger’s “Culpability” is a family drama that probes the morals and ethics of AI.“I appreciated the prescience of this story,” Winfrey said in a statement Tuesday, the day of the novel’s publication. “It’s where we are right now in our appreciation and dilemmas surrounding Artificial Intelligence, centered around an American family we can relate to. I was riveted until the very last shocking sentence!”Holsinger, a professor of English at the University of Virginia, is the author of four previous…

OpenAI has reportedly overhauled its security operations to protect against corporate espionage. According to the Financial Times, the company accelerated an existing security clampdown after Chinese startup DeepSeek released a competing model in January, with OpenAI alleging that DeepSeek improperly copied its models using “distillation” techniques. The beefed-up security includes “information tenting” policies that limit staff access to sensitive algorithms and new products, the report said. For example, during development of OpenAI’s o1 model, only verified team members who had been read into the project could discuss it in shared office spaces, according to the FT. There’s more. OpenAI now…

If you walked into a Dubai bank to apply for a mortgage in 2020, chances are you’d spend months buried in paperwork or face a huge price discrepancy when it came to listings. Such experiences led Jad Antoun to start Huspy, a startup streamlining how people in the UAE buy homes digitally. Over the past five years, the company has grown into one of the largest proptechs in the UAE, and has expanded into Spain, by providing digital tools for finding homes and obtaining mortgages. Huspy just closed a $59 million Series B to double down on operations across the…

With AI igniting an investor frenzy, every month, more startups obtain unicorn status. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused in other industries like satellite space companies Loft Orbital and blockchain-based trading site Kalshi.   This list will be updated throughout the year, so check back and see the latest powerhouse startups who are now worth over $1 billion. June Linear — $1.25 billion: This software development product management tool last raised an $82 million Series C, valuing the company…

Instagram Threads is close to catching up to top competitor X in terms of mobile app users, according to new data from market intelligence provider Similarweb. In June 2025, Threads’ mobile app for iOS and Android saw 115.1 million daily active users, representing 127.8% year-over-year growth; X reached 132 million daily actives, as its year-over-year growth declined by 15.2%. By comparison, decentralized social network Bluesky grew a sizable 372.5% year-over-year as of June, but its worldwide daily active users remain a fairly small figure: just 4.1 million daily active users as of June, the firm’s estimates indicate. (In total, Bluesky…

Waymo kicked off two “road trips” to Philadelphia and New York City on Monday, signaling the Alphabet-owned company’s interest in expanding into Northeastern cities.  Waymo’s branded “road trips” don’t necessarily signal a commercial launch anytime soon. Waymo has announced several other road trips this year, including to Houston, Orlando, Las Vegas, San Diego, and San Antonio. Typically, the trips involve sending a small fleet of human-driven vehicles equipped with Waymo’s autonomous driving system to map out the new city. Then Waymo tests the vehicles autonomously, though still with a human behind the wheel, before taking any data and learnings back…