Aaron Sorkin is reportedly developing a sequel to 'The Social Network,' drawing inspiration from 'The Facebook Files' by Jeff Horwitz, which exposed Facebook's negative impacts. Jeremy Allen White is being considered to play Horwitz, while Mikey Madison may portray Frances Haugen, the Facebook whistleblower. The film is still in development and not yet greenlit.

Figma's IPO on the New York Stock Exchange saw its stock price surge, triggering a temporary trading halt due to market volatility. The price fluctuated between $101 and $112, resulting in a mid-day market cap of $45 billion, according to Yahoo Finance.

Shares were initially priced at $33, but high demand led to order fulfillment challenges, with some investors receiving only a fraction of their requested shares. This successful IPO overshadows the company's previously failed acquisition by Adobe in 2023.

The Iconfactory, known for apps like Twitterrific, is facing challenges due to AI's impact on app design and the shutdown of Twitterrific after Elon Musk's ban on third-party clients. The company is selling some of its apps as a result.

AI services like ChatGPT are affecting the demand for app design services, a key revenue stream for Iconfactory. Co-founder Ged Maheux notes that many developers are using AI for graphical work, reducing the need for professional design services.

The company is focusing on apps like Tapestry, Linea Sketch, Wallaroo, and Tot, while seeking offers for other apps, including intellectual property and source code. They launched Tapestry as a way to generate new revenue after Twitterrific's demise, but subscription numbers haven't fully compensated for the loss.

Iconfactory is also expanding its offerings into UX consulting and coding consultation to offset the decline in design work. They're exploring new opportunities like Apple's Liquid Glass.

GitHub Copilot has reached over 20 million all-time users, with significant growth in enterprise adoption, now used by 90% of the Fortune 100. The AI coding tool's business has surpassed the entire GitHub's value at the time of Microsoft's acquisition in 2018. Competitors like Cursor, Google, Cognition, OpenAI, and Anthropic are intensifying the competition in the AI coding market, with Cursor reporting over $500 million in ARR. Both GitHub Copilot and Cursor are converging towards similar products, introducing AI agents for code review, debugging, and automating programmer workflows.

Google is testing machine learning in the U.S. to estimate user age and tailor content accordingly. The system analyzes Google account data, including search history and YouTube video categories, to determine if a user is under 18.

For users estimated to be underage, Google will adjust product features, such as disabling Maps timeline, limiting personalized ads, restricting access to adult content on the Play Store, and activating digital well-being tools on YouTube. These measures include break reminders and bedtime notifications.

Users misidentified as underage can appeal the decision by providing age verification through government ID or a selfie. This initiative follows similar measures implemented on YouTube and aligns with efforts by other platforms and lawmakers to ensure age-appropriate online content.

Ford plans to reveal more details about its upcoming low-cost electric vehicles at an event on August 11, with CEO Jim Farley calling it "a Model T moment." This announcement follows a reported $1.3 billion loss in Ford's electric vehicle division in Q2 2025, despite declining sales of the F-150 Lightning and Mustang Mach-E.

A skunkworks team, led by former Tesla executive Alan Clarke, is developing the low-cost EV platform, with talent from Tesla, Rivian, Apple, and Lucid Motors. The first vehicle, a mid-size pickup truck, is set for release in 2027. Ford aims to build multiple vehicle styles for retail and commercial customers, featuring personalized digital experiences.

While affordable EVs are scarce in the U.S., competition is expected to increase by 2027 with Tesla planning a stripped-down Model Y, GM reviving the Chevy Bolt, and Slate Auto launching a low-cost electric pickup.

Meta CEO Mark Zuckerberg believes AI glasses will become the primary interface for AI interaction, giving wearers a cognitive advantage. He envisions glasses enabling AI to see, hear, and communicate with users, enhancing the blending of physical and digital worlds. Meta's smart glasses, like Ray-Ban Meta and Oakley Meta, have seen surprising success. Despite Reality Labs' significant losses, Zuckerberg positions it as an investment in the future of AI and consumer computing. While other form factors like AI pins and pendants exist, glasses currently offer the most practical and socially acceptable approach for AI integration. Zuckerberg emphasizes the Metaverse vision, accelerated by AI, will greatly benefit from AI glasses.

Meta plans to significantly increase its investment in AI infrastructure, including data centers and servers, with capital expenditures expected to reach $66-72 billion in 2025, a $30 billion year-over-year increase. This aggressive investment will continue into 2026 as Meta pursues opportunities to expand its AI capabilities.

The company is developing leading AI infrastructure to build the best AI models and product experiences, with potential collaborations with financial partners to co-develop data centers. Meta has announced major AI "titan clusters" like Prometheus in Ohio and Hyperion in Louisiana, along with other unnamed projects.

Meta also anticipates increased employee compensation to attract AI engineers and researchers for its Superintelligence Labs unit, focusing on "personal superintelligence." The company's stock surged 10% after reporting strong revenue growth driven by AI-powered advertising tools, despite a $4.5 billion loss in its Reality Labs segment.

Meta CEO Mark Zuckerberg attributes the rise in user engagement on the company's apps during the second quarter to advancements in AI. According to Zuckerberg, AI improvements in recommendation systems have led to a 5% increase in time spent on Facebook and a 6% increase on Instagram this quarter alone. Overall, Meta reports that its family of apps (Facebook, Instagram, Messenger, and WhatsApp) had over 3.4 billion daily users in June, a 6% year-over-year increase. This growth contributed to a total family of apps revenue of $47.1 billion, a 22% year-over-year rise. The company also noted a 20% year-over-year increase in video time spent, driven by optimized ranking systems and the promotion of original content on Instagram. Even Threads, Meta's competitor to X, experienced gains in time spent due to the incorporation of LLMs.