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August 1, 2025, 11:35 AM
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Top News

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  —  Trump's tariffs are increasingly costing Apple more per quarter  —  Apple's bill for Trump's tariffs in the third quarter …
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's AI strategy and investment was on the mind of analysts on an earnings call …
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
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple Pay, Apple TV+, Apple Music, and iCloud, up 13.3% YoY to $27.42B, vs. $26.8B est.
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 …
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 …
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.
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.
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
Jordan Novet / CNBC:
Amazon reports Q2 AWS revenue up 17.5% YoY to $30.9B, vs. $30.8B est., and AWS operating income up 8.8% YoY to $10.2B, vs. $10.9B est.
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  —  Coinbase is planning to expand its core trading app beyond crypto, the company said Thursday.
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%+
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: NBC News, CNBC, Yahoo Finance, Not Boring by Packy McCormick, Figma, New York Times, Tech Funding News, The AI Economy, 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, @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, @zoink, @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
Bloomberg:
Google loses its appeal of a US judge's order in October 2024 requiring it to overhaul its Google Play store policies in an antitrust case filed by Epic Games  —  Alphabet Inc.'s Google lost its appeal of a judge's order requiring an overhaul of the technology giant's app store policies …

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From Mediagazer

Mary Randolph / Local News Initiative:
The CEO of the Illinois Press Association says he has resigned after his board told him to pull out of a lawsuit supporting Chicago-area journalists

Kristina Millare / Catholic World Report:
In a meeting with news agencies, Pope Leo XIV urged journalists to stand firm against manipulation of information, conveyed respect for war reporters, and more

Jess Weatherbed / The Verge:
DC Comics President and Publisher Jim Lee says the company won't support AI-generated storytelling or artwork, as long as he and SVP Anne DePies are in charge

More News

Emma Roth / The Verge:
Nintendo plans to raise the price of original Switch “family of systems and products” and some Switch 2 accessories in the US; Switch 2 price won't change
Megan Farokhmanesh / Wired:
Games industry trade organizations and gamers are speaking out against censorship campaigns that have forced Steam and Itch.io to mass deindex NSFW content

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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