Supply shocks are driving up the price of oil. NPR's Ayesha Rascoe speaks to Kevin Book from ClearView Energy Partners about how the war in Iran is impacting the oil market.
Patreon CEO Jack Conte announced a 20% workforce reduction, affecting 93 employees, due to market changes and the tech industry's transformation by AI. Conte clarified AI isn't replacing staff but impacts operations, while also detailing severance packages and a recent partnership to block AI scraping.
Tesla's robotaxi program, despite CEO Elon Musk's positive framing, faces challenges including flat mileage, shrinking vehicle numbers, and ongoing safety questions. Analysts express concern over slow growth and potential regulatory hurdles, contrasting with Tesla's camera-only autonomy claims.
Insurance tech startup Corgi is reportedly raising a B2 extension round, closely following its B1 raise, which would double its valuation. The Y Combinator alum, offering AI-powered insurance, data room software, and coffee shops, is backed by TCV and Kindred Ventures, with revenue projected to hit $450 million by year-end.
Tesla's Robotaxi network saw a 36% decline in paid miles in Q2 2026 compared to Q1, despite expansion to new cities. This comes as Tesla's profits weaken and CEO Elon Musk states the need to accumulate Cybercab-specific driving data before mass deployment, shifting previous claims about data collection and regulatory hurdles.
Google reported Q2 2026 revenue of $119.8 billion, exceeding expectations, but recorded negative free cash flow for the first time due to massive AI capital expenditures. This led to a stock drop, as investors question the scale of AI spending amidst delayed product releases and researcher resignations.
Meta has exited the RE100 renewable energy initiative after a decade, a move confirmed by the company and the Climate Group. This departure follows Meta's significant investments in natural gas power plants to fuel its AI data centers, raising scrutiny over its commitment to "100% clean and renewable energy" despite purchasing environmental attribute certificates.
