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IDC expects Apple to ship 10 million foldable iPhones in year one at $2,500

IDC predicts Apple’s first foldable iPhone will ship more than 10 million units in its first year at a price of $2,500, reviving a category that was heading for a double-digit decline. In the EU the device will have to carry an energy label grading its repairability and its survival of repeated drops. Apple’s first […]

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Anthropic signs $45B compute deal with Britain’s Nscale

Anthropic has agreed to spend $45B over six years renting AI computing power from Nscale’s flagship West Virginia data centre development, covering about 460 megawatts. Nscale is a London company preparing a US listing as soon as next month. Anthropic has agreed to spend $45B renting computing power, and the landlord is British. The six-year […]

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Flipboard acquires Graze, the tool for building your own social algorithm

Flipboard has acquired Graze, a Portland startup that lets creators build, tune and monetise custom social feeds without writing code, mainly on Bluesky. Graze says it has delivered more than 41 billion posts to 12 million users since forming 21 months ago. Flipboard has bought the plumbing for custom social feeds. The company is acquiring […]

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Hyundai has gained more US market share this decade than any carmaker

Hyundai Motor Group has grown its US market share faster than any major carmaker this decade and is investing $26B through 2028 to build at least 80% of its American sales domestically. Its European plants already account for around 80% of its European sales. No carmaker has gained American market share this decade like Hyundai. […]

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PayRewards launches in America with $28M and a 1.75% fee to earn points

An Australian payments company thinks American small businesses will pay for the privilege of earning points. PayRewards, the US arm of Pay.com.au, has launched with $28M in funding and a promise that bank transfers which currently earn nothing can earn something. The parent business is not speculative. Pay.com.au says it has processed more than $7bn […]

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Amazon is closing Mechanical Turk, the human workforce it sold as AI

Amazon is closing Mechanical Turk on 30 September. The marketplace is 21 years old, and it paid people a few cents at a time to do work that computers could not. Jeff Bezos once called it “artificial artificial intelligence”. A banner across the MTurk homepage sets out the decision. “We regularly evaluate our programs, tools, […]

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Gatik has raised $200m to put more driverless box trucks on US roads

Gatik has raised $200m in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. It is the largest financing in the autonomous trucking company’s history. Millennium Management, ARK Invest and Intact Private Capital also took part, and the round brings Gatik’s total to about $500m since it came out of stealth […]

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Boston Scientific has disclosed a cybersecurity incident causing a global disruption to operations

Boston Scientific has told the US Securities and Exchange Commission that a cybersecurity incident detected on 25 August has caused “a global disruption to the Company’s operations”, including its ability to process and ship customer orders. Shares fell about 3.5% in premarket trading, and the company has not identified who is responsible, in a year […]

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Meta plans to launch its OpenClaw rival, Hatch, within weeks

Meta plans to launch a consumer AI agent within weeks. It has considered charging up to $199.99 a month for it. Three months ago it started selling access to its AI chatbot for $7.99 a month. The new product would cost 25 times that. Meta will launch its consumer version of the OpenClaw AI agent […]

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