Apple cuts employee AI budgets in cost-control push, Bloomberg News reports - Reuters

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• Nothing CEO says company’s mysterious AI-first device is dropping next month

  Carl Pei revealed the upcoming release is engineered specifically as a productivity tool that operates without a new screen. The consumer startup is deliberately avoiding recent hardware trends like pins, pendants, and glasses as it pursues a standalone breakthrough. This launch marks the company's initial step into dedicated artificial intelligence hardware ahead of broader planned ecosystem expansions.

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• Almost no one uses AI agents to book their Uber, company says

  Automated booking technologies face a steep consumer adoption curve because existing smartphone interfaces already fulfill daily tasks within seconds. Executive leadership noted that the frictionless nature of current native platforms leaves little incentive for customers to switch to experimental intermediaries. Nevertheless, widespread partnership discussions indicate tech giants are still actively positioning ridehailing and food delivery as core use cases for upcoming assistant ecosystems.

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• Figma’s stock falls as investors worry that AI momentum is coming at a high price

  Market participants are scrutinizing the rising financial burden tied to developing and delivering cutting-edge automated capabilities. While recent technological rollouts have boosted user activity, the substantial capital required to run these systems is fueling concerns regarding long-term business returns. This tension between product innovation and operational expenditure is actively weighing on the firm's equity valuation.

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