Tim Cook’s parting message: Apple is in the hands of a product builder

Tim Cook’s farewell memo to Apple employees offers a glimpse at how he wants John Ternus to be seen: as a product builder with deep experience across the iPhone, Mac, AirPods and other major hardware lines

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VLC crosses 7 billion downloads

In our world of expensive streaming platforms, the very free and offline VLC media player has crossed 7 billion downloads.

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Tariff Refunds Help Retailers Bring Down Prices

Retailers and consumer goods companies have begun lowering prices thanks to tariff refunds.…

• Walmart, Tractor Supply and e.
• Beauty are among the companies going this route, the Wall Street Journ…
• 31), noting that these price cuts are designed to juice sales at a tim…

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Clipto uses AI to search terabytes of video and is now valued at $250M

The three-year-old startup says it reached $15 million in ARR and profitability before raising its latest $15 million round.

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Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading

Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading

• Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading

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Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target

Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target

• Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target

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AI Opens a New Distribution Channel for Credit

Economic pressure is incentivizing consumers more reason to compare the cost of a purchase, the possibility of financing behind it and the alternatives before committing.…

• Financial providers are embedding those choices into a new place: the …
• AI’s potential financial-product distribution channel is taking shape …
• Among the latest examples came Thursday (Aug.

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Apple’s New CEO Inherits an AI Strategy Built on Outsiders

John Ternus becomes CEO of Apple on Tuesday (Sept.…

• 1), taking over a company whose defining strength has always been tigh…
• Tim Cook will become executive chairman the same day, continuing to ma…
• It is Apple’s first CEO transition since Cook succeeded Steve Jobs in …

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Nvidia’s $3.5B MediaTek bet reveals its plan for tackling Big Tech’s AI chip buildout

Nvidia invests $3.5 billion into Taiwanese chipmaker MediaTek. The deal shows how Nvidia plans to stay essential to AI infrastructure as Big Tech begins to build its own AI chips.

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How AI could make it harder for governments to use hacking tools

AI is proving effective at finding and exploiting vulnerabilities. Some say this will make it harder for governments to use hacking tools and spyware and could reignite calls to backdoor devices.

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FSB Warns Frontier AI Could Threaten Global Financial Stability

The head of the Financial Stability Board is urging global regulators to make the safe release of advanced artificial intelligence models a priority, warning that increasingly autonomous systems could exploit cyber weaknesses and transmit disruptions across the international financial system.…

• Andrew Bailey, who chairs the FSB and serves as governor of the Bank o…
• The FSB coordinates the work of financial regulators from the world’s …
• Bailey’s central concern is that the capabilities of frontier AI model…

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MapQuest’s app surges to No. 1 in Navigation after refusing to rename Lake Ontario

MapQuest is getting an unexpected boost from its decision to defy President Trump’s renaming of Lake Ontario.

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Ireland Bars Crypto From State Savings Scheme Targeting $203B in Deposits

Shares, bonds, funds, ETFs and insurance products will qualify for the tax-advantaged accounts, which open next year.

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Strategy Buys $370M of Bitcoin in First Purchase Since June

The 4,603 BTC cost an average of $80,318, some 29% above what the company took for the coins it sold this summer.

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Morning Minute: Robinhood Chain Flips Ethereum and Base in Fees

Vlad Tenev’s new blockchain is soaring in all metrics as memes paired with tokenized stocks start to take off.

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Tom Lee's Bitmine Buys $131M of ETH in Largest Ethereum Purchase Since June

The purchase lifts Bitmine's stash to 5.9 million ETH—4.9% of supply—as chairman Tom Lee points to crypto's strong third quarter.

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South Korea Will Give Every Citizen Free AI Access With Unlimited Tokens

Three consortia will run the service, sharing up to 512 Nvidia B200 chips supplied by the state, with beta testing due in September.

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‘We’re back’: Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC

‘We’re back’: Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC

• ‘We’re back’: Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC

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NYSE parent ICE partners with tZERO on infrastructure for tokenized securities

NYSE parent ICE partners with tZERO on infrastructure for tokenized securities

• NYSE parent ICE partners with tZERO on infrastructure for tokenized securities

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Tom Lee says ether is ‘best performing macro asset’ as Bitmine adds 53,501 ETH

Tom Lee says ether is ‘best performing macro asset’ as Bitmine adds 53,501 ETH

• Tom Lee says ether is ‘best performing macro asset’ as Bitmine adds 53,501 ETH

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ChatGPT Faces Greater Regulatory Oversight by EU

The European Union said ChatGPT qualifies for greater oversight by its antitrust regulator.…

• OpenAI’s chatbot has been designated a Very Large Online Search Engine…
• 31) press release.
• The commission also labeled Reddit and Roblox as Very Large Online Pla…

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Community Banks Could Get $500 Million Back From the FDIC

Proposed changes to federal deposit insurance assessments could translate to significant savings for community banks.…

• A recent analysis by the Federal Reserve Bank of Kansas City looks at …
• The Fed estimates established community banking organizations (CBOs) a…
• 6 billion each year in FDIC assessments.

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Meeting notetaker Circleback adds a free tier to attract more customers

Circleback is also introducing new pricing plans starting from $14 per month

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Premium Credit Card Users Find Rewards Tougher to Tap

High-end credit cardholders are reportedly finding it tougher to make the most of their cards.…

• That’s according to a report Monday (Aug.
• 31) by the Wall Street Journal (WSJ), which says stricter rules have m…
• For example, card issuers like American Express and Capital One are mo…

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