The average PC sold in the United States now costs more than $1,000. That has never happened before. Average sell-in prices crossed the line in the second quarter, up 12.0% year on year, according to Omdia. US shipments grew 1.0% in the quarter to 18.8…
A defence company nobody had heard of on Tuesday opened a 105,000 square foot missile factory in Texas on Wednesday. Covenant came out of stealth this morning. It announced Anthem, a long-range weapon system it says is designed for production in the th…
The White House has warned Australia over draft laws that would force social media platforms to offer users a feed not built by an algorithm, placing the bill in the same category as digital services taxes and describing penalties on American technolog…
Amkor is roughly tripling the size of the chip packaging campus it is building in Arizona. The company announced phase 2 on Tuesday. It adds 60,000 square metres of cleanroom to the 33,000 already planned, taking the site to about 93,000 square metres,…
Chime is buying the bank that has held its customers’ money for seven years. The company announced on Tuesday that it has agreed to acquire Stride Bank of Enid, Oklahoma, for $590m in cash. Stride will become Chime Bank and operate as a wholly owned su…
Waymo’s driverless cars can now be booked through the Lyft app in Nashville, making it the first market where the same autonomous fleet is available through two competing rideshare platforms. The service covers central Nashville, including Downtown and…
The Pentagon’s most senior artificial intelligence official has said publicly what allied defence ministries have been hearing privately for the past two years: they do not have the same resources as the US, and they are unlikely to catch up anytime so…
More than 25 organisations from left and right have written to the White House asking it to publish the voluntary framework governing pre-deployment review of frontier AI models. The framework was completed on 1 August and previewed only with a selecte…
Three US agencies have jointly named six Chinese AI companies as having systematically extracted capabilities from American frontier models since late 2024, in an advisory detailed enough to list which model each firm went after and how the requests we…
Robinhood has won its first IPO underwriting role, ranking last among 18 banks on Oura’s offering. The bigger shift is in retail distribution: SpaceX reserved about 20% of its deal for individuals and Fidelity cut its minimum order from $500,000 to $2,…