🎧 That new, new: It's a big day for hardware company Nothing. The company released both the latest version of its flagship smartphone today and its first pair of over-the-ear headphones, which our own Maggie Stamets tested out.
🤖 A lot of robots: Amazon has officially deployed its 1 millionth robot to its web of fulfillment warehouses. The company also announced that it built DeepFleet, a generative AI model that controls the company's robot fleet to make it more efficient.
💸 More money: Elon Musk's xAI continues to gobble up money. The company just raised $5 billion in debt and an additional $5 billion in a strategic equity transaction. This follows xAI’s $6 billion funding round just last December.
🏦 Bank agents: This week's episode of StrictlyVC Download features a chat with Circle co-founder Sean Neville. He dives into his latest company, Catena Labs, which just raised $18 million and is exploring building banking infrastructure that is designed for AI agents.
🤝 To each their own: General Motors is seeing strong demand for its electric Hummer SUV and sold almost the same number of them in Q2 as Ford's significantly less expensive electric F-150 Lightning. This surprises me now but wouldn't have surprised 8-year-old me, who was obsessed with Hummers for some reason.
