Netflix and Disney+ Announce August 2026 Lineups

Disney is expected to lay off thousands of employees in its biggest round of job cuts this year, according to Variety. The cuts at a major entertainment company signal continued cost-cutting across the media industry and will affect a large number of workers.

Intel shares fell further as a broad semiconductor selloff spread across the chip sector, erasing about $3.5 trillion in market value. The rout signals growing investor concern about the industry’s outlook and could weigh on technology markets more widely.

Anthropic warned that it is very close to recursive self-improvement (RSI), the ability of AI systems to build and improve themselves. This matters because RSI could sharply accelerate AI capabilities and risks, increasing urgency for safety and oversight.

BYD sold more electric vehicles in a single month than the entire US market sold in the quarter, surpassing 300,000 units. The milestone highlights China's growing dominance in EV production and price competition. It matters because it signals mounting pressure on US and global automakers as BYD expands.

Google is expanding Dreambeans, its AI-powered app for generating personalized stories, to India. The move aims to bring AI-generated personal storytelling to a mass market. It matters because it tests consumer adoption of generative AI in one of the world’s largest internet markets.