Repeat founder Ryan Williams raises $10M seed for an AI startup for private credit managers
Ellis AI announced Thursday its emergence from stealth with $10 million in seed funding.
Tech
Sony pushes forward with ditching discs, despite backlash
Sony has received a lot of backlash from PlayStation fans since announcing that it’s killing physical game disc production, but that hasn’t swayed its decision. During Sony’s latest earnings call, chief financial officer Lin Tao said that while the company “put in a lot of thought and time” when considering the opposition put forward by […]
Apple stockpiles inventory as it braces for ‘significant supply constraints’
Apple is worried enough about supply shortages that it reported about $11.1 billion in inventory, which is almost double the $5.7 billion it reported last September.
AI hedge fund Situational Awareness may have sold its public portfolio, but it still has its Anthropic shares
The former OpenAI researcher’s fund was forced to unwind public equities after leveraged public bets plummeted. But he still has cards to play.
Investors love AI, as long as you’re a cloud host
Amazon isn’t slowing down on data center spending — but investors don’t seem to mind.
Apple says gaming slowdown and App Store changes hurt services growth
Apple said a slowdown in mobile gaming and changes to the App Store’s business model — including court-ordered payment rule changes in the U.S. — weighed on its services business, even as the company topped 1.5 billion paid subscriptions.
Tim Cook hints at iCloud Plus tier for AI power users
Apple may allow users to pay to increase their AI usage limits. During an earnings call on Thursday, Apple CEO Tim Cook said that he believes people will want to use Apple Intelligence and the upcoming Siri AI “a lot,” adding that “we will have some kind of upgrade possibilities on iCloud Plus where people […]
Xbox CEO says the team has one year to start growing again
After a massive Xbox “reset” that laid off thousands of employees and spun off four studios, Xbox CEO Asha Sharma wants to get Xbox back to growth. In a memo obtained by The Verge, Sharma told staff by the end of fiscal year 2027 (which runs through next June), “we will return XBOX to player […]