TechCapsules

Nothing's co-founder Akis Evangelidis announced that the company will not release a CMF Phone 3 Pro in 2026 due to rising memory prices. Evangelidis stated that the cost of RAM has increased significantly, making it difficult for the company to produce a phone that meets its budget-friendly standards without raising prices. This decision comes as a surprise, given previous rumors about a potential CMF Phone 3 Pro. Nothing's CEO, Carl Pei, also weighed in on the issue, [...]

Amazon has walked away from Artificial, a nearly complete biopic about OpenAI CEO Sam Altman, just months after investing $50 billion in the company. The decision, made by Prime Video head Mike Hopkins, follows positive reactions to the movie from private test screenings. Directed by Luca Guadagnino, the film stars Andrew Garfield as Altman and features a cast that includes Ike Barinholtz as Elon Musk. Amazon is working with the film's team to find a new distributor, [...]

Amazon CEO Andy Jassy stated that AI's adoption speed has no precedent, with AWS's AI revenue run rate exceeding $15 billion, 260 times larger than AWS's revenue three years after launch. Jassy attributed this growth to the company's custom silicon and Bedrock software, which saw 170% growth in customer spend quarter over quarter. AWS revenue reached $37.59 billion, up 28% year over year, with a $150 billion annualized run rate. The company's capital expenditures increased by 77% [...]

Elon Musk has questioned Moody's credit assessments after SpaceX received a Baa1 investment-grade rating, two notches above Tesla's Baa3. Moody's cited SpaceX's leadership in orbital launches and growing revenue from its Starlink satellite network. Musk responded, stating Tesla's credit rating is "ridiculously low" given its $40B in cash, no debt, and consistent profitability. Tesla maintains a leading position in the global EV market and generated $1.4 billion in positive free cash flow in Q1 2026. The company's [...]

Rivian CEO RJ Scaringe announced that the company will introduce a full self-driving system by the end of the year, comparable to Tesla's Full Self Driving. The system, called supervised point-to-point, will be available on all Gen 2 vehicles and R2 models. Rivian's approach uses more sensors than Tesla, similar to Waymo's method. Despite Tesla's decade-long head start, Rivian may be able to catch up due to improved hardware and a more efficient approach. Scaringe also mentioned [...]

Allbirds has pivoted to AI, selling its shoe business for $43 million and raising $100 million from the stock market, rebranding as Smartbird. Nadia Carlsten, a former AWS executive, has been appointed as Smartbird's CEO, tasked with recruiting a new team and establishing an office. Smartbird aims to provide AI infrastructure, targeting customers who require direct control over servers and value data sovereignty. The company will focus on managed deployments, competing with internal company projects rather than [...]

Elon Musk exercised 303,960,630 Tesla stock options, generating $115.9 billion in paper gains, and increased his direct Tesla voting power to approximately 20%. The transaction was made possible by an Implementation Agreement signed on April 21, 2026, and comes after SpaceX completed its IPO, giving it a public market valuation and share currency. Musk's move has fueled speculation about a potential Tesla and SpaceX merger, with the timing and structure of the stock option exercise carrying significant [...]

Enphase co-founder Raghu Belur discusses the company's solid-state transformer technology, which can ease power problems in data centres. The technology consolidates the power conversion process, eliminating multiple conversion steps and traditional uninterruptible power supply systems. Enphase has been developing this technology for AI data centres over the past nine months, leveraging its power electronics expertise. The company's SST approach converts medium voltage to 800 volts DC in a single stage, ideal for data centres with high power [...]