Melinda Gates’ venture firm backs Magnify Ventures’ $46.6M Fund II

Early-stage firm Magnify Ventures has raised a $46.6 million Fund II from LPs, including Melinda French Gates’ Pivotal Ventures.

Tesla saw a massive sales jump in the second quarter

The company delivered more than 480,000 EVs globally, seemingly thanks to geographic expansion and cheaper versions of the Model 3, Model Y, and Cybertruck.

Russian hackers were behind $2.5 billion hack of Jaguar Land Rover: Report

The hack on car giant Jaguar Land Rover last year was one the most disrupting, damaging, and costly hacks of the last few years.

Polymarket says hackers stole users’ funds

The prediction market giant Polymarket said it’s refunding users who had funds stolen due to a third-party breach.

Notion Mail shuts down amid agent takeover

The company said it is discontinuing its email inbox in favor of its AI agent offering as users are increasingly handing over the reins of their email to the agents.

Trump admin bars Polestar from selling its new EVs in the US

The Department of Commerce declined to give the Chinese-owned automaker a special authorization to keep selling EVs in the U.S.

Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood

In its first earnings report since going public, the AI chipmaker forecast a narrower gross margin in its core business, scaring investors.

New website names and shames companies that still don’t offer passkeys to users

According to a new site, 24% of the most popular websites in the world don’t offer support for passkeys, which are considered the most secure way to log in to apps and services.

Companies are scrambling to stop employees from maxing out AI budgets with small tasks

The tokenmaxxing era was brief. We now appear to be entering the era of token rationing.

Agility Robotics plans to go public via SPAC in a $2.5B deal

Agility Robotics, the humanoid robotics startup that spun out of Oregon State University in 2015, expects to generate $620 million in proceeds.