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Jersey Mike’s IPO illustrates how bad the AI hype has become

Jersey Mike’s IPO illustrates how bad the AI hype has become

by News Feed Editor | Jul 2, 2026 | Technology

I can’t tell the exact tipping point from realistic excitement over a new technology, to hype, to aww-come-on — but I’m pretty sure when a sandwich shop with Danny DeVito as its public face talks about AI in its IPO documents, we must be getting close. So it is with...
A warning sign about AI’s real cost, courtesy of Google and Amazon

A warning sign about AI’s real cost, courtesy of Google and Amazon

by News Feed Editor | Jul 2, 2026 | Technology

It’s no secret that AI is a hog, consuming energy and water like no digital technology before it. Now we know just how much Big Tech’s pursuit of AI is costing the environment. Both Google and Amazon released their sustainability reports this week, and the numbers...
Meta quietly launches vibe-coded gaming app Pocket

Meta quietly launches vibe-coded gaming app Pocket

by News Feed Editor | Jul 2, 2026 | Technology

Meta is getting into gaming with the launch of a new app called Pocket, which allows people to generate small, interactive apps and games using AI prompts. The software, a result of Meta’s acquisition of the team at the vibe-coded gaming platform Gizmo earlier this...
Travel app Hopper to pay M in FTC settlement over ‘unfairly’ charging hidden fees

Travel app Hopper to pay $35M in FTC settlement over ‘unfairly’ charging hidden fees

by News Feed Editor | Jul 2, 2026 | Technology

Hopper, the travel app known for its AI-driven flight and hotel price predictions, has agreed to a $35 million settlement following a lawsuit brought by the U.S. Federal Trade Commission (FTC). The lawsuit accused the company of misleading users by imposing hidden...
Melinda Gates’ venture firm backs Magnify Ventures’ .6M Fund II

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

by News Feed Editor | Jul 2, 2026 | Technology

Early-stage firm Magnify Ventures has raised $46.6 million for its second fund from LPs, including Melinda French Gates’ Pivotal Ventures. Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those...
OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

by News Feed Editor | Jul 2, 2026 | Technology

OpenAI CEO Sam Altman has proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although...
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