❌

Normal view

Nothing CEO says phone prices are going to keep going up

12 June 2026 at 21:02
Photo of Nothing Phone 4A Pro on a green cutting mat showing the camera module with an unhappy smiley face on the Glyph Matrix
Nothing Phone 4A Pro | Photo: Dominic Preston / The Verge

If you're thinking about upgrading your phone, "the best time was yesterday," according to Nothing CEO and co-founder Carl Pei, echoing a message we heard during MWC. As Android Authority reports, Pei said in a post on X that the RAM shortage has already impacted Nothing's less expensive mid-range phone: "For Phone 4A , memory costs doubled between when we decided to build the device and when it launched. They've doubled again since." He warned that "Phone prices are going up, and they'll keep going up into next year."

Pei says RAM can now account for over 50 percent of the cost of a new phone. Nothing's just the latest phone maker to warn …

Read the full story at The Verge.

Elon Musk is the world’s first trillionaire

12 June 2026 at 17:24
Elon Musk with zeros and money falling from the sky.

Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above the $138 benchmark that gives Musk a 13-figure net worth.

SpaceX combined Musk's rocket, AI, and social media platforms earlier this year, and said in its S-1 that its goal is to "build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light …

Read the full story at The Verge.

SpaceX’s massive IPO: all the latest news

12 June 2026 at 15:35

Amazon’s Echo Hub gets a customizable new look and Ring’s AI features

11 June 2026 at 23:06
An Amazon Echo Hub displaying the redesigned home screen

Amazon's rolling out a free software update for Echo Hub devices that gives the homescreen a much-needed update to the interface it launched with in 2024. It had already added Alex Plus AI support, but the new interface has a cleaner, fully customizable layout that fits more smart home info and controls on the screen than the previous version.

A small touchscreen tablet on a counter next to some flowers.

The Echo Hub is also getting access to Ring AI's Video Search feature that lets you use natural language to search through your smart home camera footage, as well as Alexa Plus summaries of detected camera events.

These are the five new features Amazon highlighted for the Echo Hub:

Organize by ro …

Read the full story at The Verge.

Amazon’s data centers used 2.5 billion gallons of water last year

11 June 2026 at 18:26
Graphic image of a data center.

Just after Seattle enacted a one-year data center moratorium that some of Amazon's own employees pushed for, Amazon shared how much water its data centers use, reportedly for the first time. With concerns about water consumption and energy use a focus of new AI data center construction debates, Amazon says its global data center operations consumed 2.5 billion gallons of water in 2025 at a rate of 0.12 liters per kilowatt-hour of electricity, dropping by 2 percent from its 2024 total even as it expanded operations.

Amazon also claims it's using water more efficiently than some Big Tech rivals - this graphic in Amazon's report points to Mic …

Read the full story at The Verge.

Cash App’s launching a phone service

11 June 2026 at 14:00
An illustration of three phones showing Cash App pages

Cash App's AT&T-based MVNO will offer an unlimited 5G data plan for $40 per month including taxes and fees. The new mobile service is powered by Gigs, the same firm behind the Klarna mobile service that launched last year with the same pricing and is "rolling out to select users, with broader availability planned in the coming months."

Cash App also says it's planning connections to its Cash App Green rewards program and Cash App Families, its setup for managing supervised child and teen accounts.

Cash App Mobile:

Beyond unlimited connectivity: Cash App, the #1 personal finance app in the US2, plans to deepen how Mobile connects to t …

Read the full story at The Verge.

Kalshi adds required employment verification for some prediction market bets

10 June 2026 at 21:18
Kalshi logo on a green background.

The CFTC is considering its first regulation for prediction markets, as arrests over "insider trading" on everything from military operations to Google Search data continue to stack up. As CoinDesk reports, a notice of proposed rulemaking says "the proposal would establish a structured framework for evaluating whether such contracts involve an activity enumerated in Section 5c(c)(5)(C) of the Commodity Exchange Act -activity that involves terrorism, assassination, war, gaming, or conduct that is unlawful under federal or state law-and, if so, whether that contract is contrary to the public interest."

Separately, Kalshi announced on Wednesda …

Read the full story at The Verge.

❌