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Bose buys Skullcandy, the cheaper headphone brand already using its sound

Bose bought Skullcandy on Wednesday, the company said in a statement. The seller was a fund managed by Mill Road Capital Management, a private investment firm in Connecticut. Skullcandy joins McIntosh and Sonus faber in Bose’s group of audio brands. Skullcandy will sit inside Bose’s Premium Consumer Audio business. It keeps its base in Park […]

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Intel CTO tells Dwarkesh Patel the world lacks tools to 10x chip output

Intel could not make 10 times more leading-edge wafers even if it wanted to, says its chief technology officer, Pushkar Ranade. The world lacks the chipmaking tools. Doubling output is about the limit, he told Dwarkesh Patel on the Dwarkesh Podcast. Patel filmed the episode during a two-day tour of Intel’s most advanced fab in […]

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Rivian buys Third Dimension AI to turn real roads into 3D test worlds

Rivian has bought Third Dimension AI, a startup that turns real-world camera footage into 3D scenes. The carmaker will use them to train and test its driver assistance and self-driving software. Rivian announced the deal on Thursday and did not disclose the terms. Tolga Kart and Piotr Sokolski founded Third Dimension in 2024. It has […]

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Zuckerberg planned to sell his home, so Meta built him a wealth tax deal

Meta says Mark Zuckerberg “would effectively be paying to serve” as its chief executive if California taxes its billionaires. So it is creating new shares he can sell to cover the bill. In return, he has promised to stay in the state, an SEC filing published on Wednesday shows. The deal followed months of talks […]

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Microsoft nominates Stripe’s Collison to its board and trims Nadella’s pay

Microsoft has nominated Stripe co-founder and president John Collison to its board, the company disclosed on Wednesday in its annual proxy statement. The same filing asks shareholders to approve a $90.6m pay package for chief executive Satya Nadella, down about 6% from $96.4m a year earlier, The Information reported. Collison, 36, would take one of […]

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Walmart will let AI agents shop for you, with their own spending limits

Walmart will let AI agents shop for customers on Walmart.com and at Sam’s Club, each with its own profile, spending limit and purchase history. The retailer announced Agent Profiles, a gateway built for agents and a set of terms they must follow on Wednesday. Chief executive John Furner presented the plans at the Masters of […]

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Seattle will let residents pick spots for 200 curbside EV chargers

Seattle plans to install up to 200 curbside Level 2 EV chargers by 2030, focused on areas with apartment buildings, InsideEVs reported. Residents can suggest sites until autumn 2027. The chargers are funded by a $1.55B transport levy and follow a pilot of 58 chargers. Seattle plans to install up to 200 curbside chargers for […]

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Leidos lands $95M contract to automate Pentagon logistics with AI

Leidos has won a $95M, five-year contract from the Defense Logistics Agency to add AI automation and cloud tools to ELMS, the Pentagon system that tracks more than 80 million items of government property worth over $140B. Leidos has supported the system for more than 21 years. Leidos will use AI to speed up the […]

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Xona raises $250M at a $2.45B valuation to build a rival to GPS

Xona, a California startup building a satellite navigation network in low Earth orbit, has raised $250 million at a $2.45 billion valuation. Steve Jurvetson’s Future Ventures led the Series D, Xona said on Thursday. The round comes seven months after a $170 million Series C. It takes Xona’s total funding since 2019 past $570 million. […]

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Google funds a 1GW virtual power plant with Voltus on the PJM grid

Google will fund a 1 gigawatt virtual power plant run by Voltus on the PJM grid, to supply capacity for its operations there. The deal adds 1,070 megawatts to the 100 megawatts the two agreed in June, the companies said on Thursday. PJM serves 67 million customers across 13 states and the District of Columbia. […]

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