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Jeff Bezos Backs $2.6B AI Startup Tackling Chip Material Shortage
Jeff Bezos backs CuspAI’s $450M Series B round at $2.6B valuation. The AI startup partners with Nvidia and Meta to discover chip materials, tackling gallium and rare element shortages.

Social Security 2027 COLA Forecast Climbs to 3.8% as Inflation Pressures Persist
The Social Security 2027 cost-of-living adjustment now stands at 3.8%, according to The Senior Citizens League. That marks a full percentage point jump from the 2.8% COLA applied in 2026. If confirmed, average monthly benefits would rise by $73.62, from $1,937.53 to $2,011.15. More than 75 million beneficiaries are watching this forecast closely. Social Security…

CuspAI Hits $2.6 Billion Valuation After Jeff Bezos, Nvidia, and Meta Back AI Materials Startup
Cambridge-based AI startup CuspAI secured $450 million in a Series B funding round on July 20, 2026. The funding pushed its valuation to $2.6 billion, backed by Jeff Bezos, Nvidia, and Meta. CuspAI uses artificial intelligence to discover new materials for chipmaking, clean energy, and manufacturing. The round marks a fivefold jump from its $520…

Alan Joyce Reflects on Life After Qantas as Memoir Sparks Debate
Ex-Qantas boss Alan Joyce says he won’t return to corporate life after releasing memoir. Chair John Mullen urges him to leave the past behind amid ongoing controversy over his leadership.

BAE’s Brontanax Drone to Use US Engine After Rolls-Royce Pricing Row
BAE Systems’ Brontanax autonomous drone will use Williams International engine after pricing dispute with Rolls-Royce over its Orpheus demonstrator. Over 70 UK firms involved but Rolls-Royce excluded.

Big Motor Ordered to Pay ¥270,000 Over Faulty Luxury Car Sales, August 02
Japanese court orders Big Motor to pay ¥270,000 in damages and provide free muffler replacement for selling luxury cars that failed vehicle inspections.

Doshisha High School Faulted for Fatal Okinawa Boat Accident on August 1
Third-party panel blames Doshisha International High School for March 16 boat accident off Okinawa that killed student Tomoka Takeishi, 17, and captain Hajime Kanai, 71. School ignored safety protocols and relied on unverified trust in captain.

Apple Pay Outage Hits 1,300 Users on July 31 as Wallet Services Fail
Apple Pay outage on July 31 left 1,300+ users unable to transfer money or make payments. Fund transfers accounted for 57% of complaints. Apple acknowledged the issue but provided no timeline for resolution.

Australian Trust Hits Decade Low at 5.32, ANU Survey Finds August 2026
ANU survey shows Australian interpersonal trust dropped to 5.32 in June 2026, lowest this decade. Trust is stronger among older Australians, degree holders, and employed workers.