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August 1, 2025, 1:00 PM
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Top News

Maxwell Zeff / TechCrunch:
Google rolls out Gemini 2.5 Deep Think, its most advanced reasoning model, which considers multiple ideas simultaneously, to its $250/month Ultra subscription  —  Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model …
Kif Leswing / CNBC:
Apple reports Q3 revenue up 10% YoY to $94.04B, vs. $89.53B est., its largest quarterly growth since December 2021, and China net sales up 4% YoY to $15.37B  —  Apple Apple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue.
William Gallagher / AppleInsider:
Apple incurred ~$800M in Trump's tariff costs in Q3, $100M less than expected, and expects a jump to $1.1B in Q4 if current rates and policies remain in place
Kif Leswing / CNBC:
Tim Cook says Apple is “significantly growing” its AI investment, reallocating staff to work on AI features, and “very open to M&A that accelerates our roadmap”
Apple:
Apple Q3: iPhone up 13% YoY to $44.58B, vs. $40.22B est., Mac up 15% to $8.05B, iPad down 8% to $6.58B, and Wearables, Home, and Accessories down 9% to $7.4B
Chance Miller / 9to5Mac:
Apple has now sold over 3B iPhones since the device's 2007 launch; it announced 1B sold in July 2016, and is estimated to have reached 2B around September 2021
Amanda Silberling / TechCrunch:
OpenAI removes a ChatGPT feature that let users make their conversations discoverable by Google and other search engines, calling it a “short-lived experiment”  —  Update 7/31/25 4:10pm PT: Hours after this article was published, OpenAI said it removed the feature from ChatGPT …
Emma Roth / The Verge:
Nintendo plans to raise the price of the original Switch “family of systems and products” and some Switch 2 accessories in the US; Switch 2's price won't change  —  The price hike will affect the family of original Switch systems, including the Lite and OLED.
Ryan Browne / CNBC:
Nintendo Q1: revenue up 132% YoY to ~$3.8B, operating profit up 4.4% to ~$378M; it sold 5.82M Switch 2 units in the first month, more than double the original  —  Nintendo more than doubled revenue in its fiscal first quarter, as the company logged bumper sales of its Switch 2 console in the first month of release.
New York Times:
Source: OpenAI raised $8.3B led by Dragoneer at a $300B valuation, months ahead of schedule and part of a $40B goal for 2025; 5M business users pay for ChatGPT  —  The venture capital round values the ChatGPT maker at $300 billion, and underscores the fierceness of the A.I. money race.
Jay Peters / The Verge:
Reddit wants to become “a go-to search engine” for users; its core search has 70M+ weekly active unique users and its AI tool Reddit Answers has 6M weekly users  —  CEO Steve Huffman says the company is focused on making the platform a ‘go-to search engine.’
Jordan Novet / CNBC:
Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023  —  Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.
More: Yahoo Finance, Fast Company, CNBC, Figma, NBC News, New York Times, Tech Funding News, The AI Economy, Not Boring by Packy McCormick, Wall Street Journal, Reuters, Axios, Bloomberg Podcasts on YouTube, Fast Company, Forbes, San Francisco Business Times, Crunchbase News, CNBC, and Financial Times
X: @nadavwiz, @bgurley, @zoink, @andrew__reed, @bgurley, @scobleizer, @akothari, @danprimack, @haridigresses, @gergelyorosz, @robertjbye, @rsg, @gergelyorosz, @gergelyorosz, @vladlykhonis, @ashleevance, @alexrkonrad, @mihikapoor, @esthercrawford, @mattturck, @jsngr, @rrhoover, @jaredpalmer, @martymadrid, @aaron_epstein, @lulumeservey, @judson, @ycombinator, @highyieldharry, @tmrohan, @danprimack, @eglyman, @greylockvc, @tryramp, @apompliano, @mikeyk, @rsms, @jordihays, @trungtphan, @mamoonha, @elianoayounes, @andyzg3, @joecarlsonshow, @jimcramer, @alexkehr, @zck, @growing_daniel, @jimcramer, @danprimack, @growing_daniel, @zacharydewitt, @stevesi, @arampell, @nic__carter, @packym, @unusual_whales, @levie, @nic__carter, @farooqib, @clairetbutler, @packym, @erondu, @itstarh, @thestalwart, @dohamekki, @can, @thestalwart, @sarahmillerdc, @johnmarknewman, @rleshner, @arfurrock, @teroterotero, @davidgeorge83, @figma, @j0hnwang, @j0hnwang, @nyse, @kwharrison13, @solana, @traestephens, @sarahdingwang, @emiliemc, @annbordetsky, @sdw, @arya__deniz, @thogge, @nikillinit, @buccocapital, @asanwal, @zoink, @stammy, @bgurley, @william_blake, @bgurley, @buccocapital, @artemr, @lexnfx, @teroterotero, @firstadopter, @firstadopter, @artemr, @mikeisaac, @mikeisaac, @ashleevance, @danprimack, @mikeisaac, @levie, and @lutherlowe.  LinkedIn: Jordan Novet
Forums: Hacker News, r/UXDesign, and r/web_design
Katie Roof / Bloomberg:
Sources: Index Ventures' nearly $100M seed investment in Figma was worth $2.17B at the IPO price, while Greylock's $50M Series A investment was worth $2.03B
James Hunt / The Block:
The UK's Financial Conduct Authority plans to allow retail investors to access crypto exchange-traded notes, dubbed cETNs, on FCA-approved, UK-based exchanges  —  - The UK financial regulator is set to open up access to crypto exchange-traded notes for retail investors on FCA-approved, UK-based exchanges.
Tom Warren / The Verge:
Microsoft plans to end support for Windows 11 SE in 2026, five years after launching the OS for low-cost laptops designed to compete with Google Chromebooks  —  Microsoft isn't chasing after Chromebooks anymore, as demand tails off. … Microsoft is ending support for Windows 11 SE next year …
Reuters:
Sources: thousands of US export license applications, including for Nvidia's shipments of AI chips to China, are stalled due to US Commerce Department turmoil  —  Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China …
Tanaya Macheel / CNBC:
Coinbase reports Q2 revenue up 3% YoY to $1.5B, vs. $1.6B est., and retail trading volume up 16% YoY to $43B, vs. $48.05B est.; COIN drops 10%+  —  Coinbase shares fell Thursday after gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes.
Tanaya Macheel / CNBC:
Coinbase says its new “everything exchange” will include tokenized assets, stocks, derivatives, prediction markets, and more, for US users in the coming months
Amazon:
Amazon reports Q2 revenue up 13% YoY to $167.7B, vs. $162.09B est., and forecasts Q3 operating income from $15.5B to $20.5B, vs. $19.48B est.; AMZN drops 6%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2025.
Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B

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From Mediagazer

Andrew Marchand / The Athletic:
MLB finalizes deals with NBC/Peacock, Netflix, and ESPN; sources: NBC/Peacock pays ~$200M/year, Netflix pays $50M/season, ESPN maintains $1.65B over three years

Ted Johnson / Deadline:
The White House sends out a press release calling ABC News “a Democrat spin operation masquerading as a broadcast network” and cataloging perceived offenses

Emma Roth / The Verge:
A US federal judge denies Disney's request to block Sling TV's one-day pass that allows streaming of live content, saying Disney didn't prove “irreparable harm”

More News

BBC:
In the UK, X and Reddit are blocking wide-ranging content, including about parliamentary debates, Ukraine, and Gaza, to comply with the Online Safety Act
Megan Farokhmanesh / Wired:
Video game industry trade organizations and gamers are speaking out against censorship campaigns that forced Steam and Itch.io to mass deindex NSFW content
Christy Santhosh / Reuters:
Neuralink plans a UK clinical study to test how its chips let patients with severe paralysis control devices with thoughts, marking its entry into the country

Earlier Picks

Anna Tong / Reuters:
AI infrastructure company fal, which runs audio, video, and image models on behalf of enterprises, raised a $125M Series C led by Meritech at a $1.5B valuation
Tanaya Macheel / CNBC:
The US SEC debuts Project Crypto, an initiative to “modernize” securities regulations to allow for crypto-based trading, amid investor interest in tokenization
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