Apple has now sold 3 billion iPhones

The rate of iPhone sales growth has accelerated too. This uptick in sales might be temporary, though.

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Apple plans to ‘significantly’ grow AI investments, Cook says

Apple is open to M&A to accelerate its AI strategy, and says it’s made seven acquisitions this year so far.

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Coinbase shares tumble as second-quarter revenue disappoints

Subscription revenue failed to offset weaker trading revenue.

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Amazon’s cloud business records 18% growth in second quarter

Amazon announced new business from the likes of PepsiCo during the second quarter, as revenue topped $30 billion.

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Coinbase says it’s launching tokenized stocks, predictions markets for U.S. users in coming months

The expansion puts Coinbase in even closer competition with Robinhood, Gemini and Kraken, all of whom have tokenized equity offerings for users outside the U.S.

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Reddit shares jump 20% on second-quarter sales and guidance beat

The company’s sales grew 78% year-over-year in the second quarter and was 17% above consensus estimates, representing the biggest beat in Reddit’s history.

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Enterprises prefer Anthropic’s AI models over anyone else’s, including OpenAI’s

Anthropic holds 32% of enterprise LLM market share by usage. This is a sharp reversal from just two years ago when OpenAI held 50%.

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Twitter’s former Trust and Safety head details the challenges facing decentralized social platforms

Yoel Roth shares concerns about the open social web’s ability to combat misinformation, spam, and other illegal content.

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SEC debuts ‘Project Crypto’ to bring U.S. financial markets ‘on chain’

The Securities and Exchange Commission on Thursday debuted “Project Crypto,” a plan to modernize securities regulations to allow crypto-based trading.

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The sequel to ‘The Social Network’ may have just found its lead actors

While the 2010 original film focused on Mark Zuckerberg’s rise, “Social Network Part II” is said to draw from Jeff Horwitz’s “The Facebook Files,” which exposed Facebook’s harmful effects on teens and its role in spreading misinformation.

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