Happy Wednesday.
Ferrari is still facing plenty of heat over its new electric car.
The stock dropped 5%, former Ferrari chairman Luca Cordero di Montezemolo warned: “we risk destroying a legend”, and the timeline is busy deciding whether the Luce is more like a budget Nissan or Toyota.
Orders open this week. We’ll see how long (or short) the waitlist will be.
😬
Enjoy today's news.
Dropbox co-founder Drew Houston steps down after 19 years as CEO. His successor helped transform Dropbox’s core business, which now generates $2.5B+ in revenue and serves 2.2M paying customers.
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Micron hit a $1T market cap for the first time after its stock jumped 19%. The AI trade is spreading beyond GPUs, with investors betting Micron will benefit from the shift toward agentic AI.
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Elon Musk reportedly explores merging Tesla with SpaceX ahead of SpaceX IPO. Prediction markets: 45% chance of a deal happening this year.
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Spotify is turning magazine articles into audio. Premium users can now listen to 650+ narrated long-form pieces from major publishers as part of their audiobook allowance, while free users can buy articles for $1.99 each.
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American Airlines will install Starlink Wi-Fi on planes starting in Q1 2027. The upgrade is meant to support streaming, gaming, video calls, and real-time work across domestic and short-haul international flights.
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Figure deploys its humanoid robots at Catalyst Brands, the operator of JCPenney, Aéropostale, and Brooks Brothers. The test will put humanoids inside a real retail supply chain.
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Y Combinator-backed Twolabs launches to build humanoid robots for caregiving. Starting in nursing homes, they combine physical help with social and emotional intelligence, designed to be both useful and companion-like.
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Hermeus achieves supersonic flight with the world’s first privately developed unmanned supersonic jet, the fastest unmanned aircraft flying today. Reached the milestone just 364 days after its first aircraft’s maiden flight.
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China is putting new travel restrictions on top AI talent at private firms. Some researchers now need approval before leaving the country.
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Rowan Cheung interviews Google DeepMind CEO Demis Hassabis on the ‘foothills of the singularity’, curing every disease with AI, and what human meaning looks like after AGI.
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As promised, tech and startups in a minute.
See you tomorrow.
P.S. Words we like: Depression hates a moving target 🤘
