Google plans to kill Assistant on your phone on September 4

Google plans to kill Assistant on your phone on September 4

fivenewscrypto    août 06, 2026   

Google Assistant's days have been numbered for a while, but the company has now settled on a date to retire its pre-AI assistant robot. In an email being sent out to users, Google confirms that Assistant on Android devices will be shut down starting on September 4, forcing everyone over to Gemini. Google told us it was coming, but that doesn't make it hurt any less.

The initial plan was to retire Assistant in late 2025, but the service got a brief reprieve as Google shored up some aspects of Gemini. Now that Gemini is ready to take over, Google will begin ending support for the old system on September 4, but the email notes that it may take several weeks for the process to complete. So those stubbornly clinging to Assistant may still be able to use it a bit longer before the option disappears. For those who made the switch already, nothing will change.

By ending Assistant on mobile devices, Google is also killing it on myriad other gadgets that connect to your phone for smart features. So smartwatches, headphones, and cars with Android Auto are also being forcibly moved to Gemini. Most of Google's smart home devices have already transitioned to Gemini.

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SpaceX spooks investors with debut earnings report

SpaceX spooks investors with debut earnings report

fivenewscrypto    août 06, 2026   

SpaceX shares dropped on Wednesday after Elon Musk’s plans for blockbuster spending to position his AI and rocket company as a data center developer spooked investors.

SpaceX surpassed analysts’ expectations in Tuesday’s debut earnings report, posting quarterly revenues of $7.8 billion, well above analysts’ estimates of $6.82 billion and up 92 percent from a year earlier. It posted a net loss of about $541 million, better than estimates of $2.12 billion.

But shares in SpaceX fell 10 percent in early trading after it reported capital expenditure of almost $16 billion on AI, double the previous quarter and well above Wall Street’s expectations. It said spending would persist at current levels for at least two more quarters.

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Pushing the limits: Infinite Machine's Olto is barely a bicycle

Pushing the limits: Infinite Machine's Olto is barely a bicycle

fivenewscrypto    août 06, 2026   

The Infinite Machine Olto is a great electric scooter, one with an overall layout that echoes the classic Vespa. It's comfortable, and it accelerates well, handles nicely, and has a capacious battery. It has a rugged design that seems capable of handling a lot of abuse, but it also comes with thoughtful touches and security features that mean you can park it anywhere with confidence. And it provides all that at less than half the cost of its full-featured stablemate, the P1 scooter.

The reason is that the Olto is also a bicycle. Sort of.

This may technically be a bicycle, but it's not one you'd ever want to pedal. While you can set it to operate as either a Class 2 or Class 3 e-bike, it works best when the pedals are both locked in a forward position, acting as footrests. The Olto was designed to provide riders with the experience of a scooter while still allowing them to take advantage of the growing bike lane networks in many urban areas across the country.

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Senators demand crackdown on wildfire "prediction market" bets

Senators demand crackdown on wildfire "prediction market" bets

fivenewscrypto    août 05, 2026   

Several US senators have written a letter to the Commodity Futures Trading Commission (CFTC), inquiring about the agency’s “plans to crack down on prediction markets” that offer “contracts for individuals to bet on wildfires.”

“Offering bets on destructive wildfires threatens to minimize communities’ suffering, all so the rich and powerful can profit,” wrote the group of senators, who represent Oregon, California, Nevada, Minnesota, and New Hampshire.

The document specifically cites that Polymarket hosted bets in January 2025 on the wildfires in Los Angeles, and it mentions another website that specifically accepts “simulated bets” exclusively on California wildfires.

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Trump killed the Digital Equity Act but US was forced to bring part of it back

Trump killed the Digital Equity Act but US was forced to bring part of it back

fivenewscrypto    août 05, 2026   

The Trump administration said it will reinstate a broadband grant program to comply with a court ruling that prevented it from fully ignoring the Digital Equity Act enacted by Congress in 2021. The US government said in a court filing that it plans to start taking applications for grants in December.

However, the Trump administration won a partial victory because the judge ruled the government can't allocate money based on the race or ethnicity of people who would benefit from grants. The government program can still award broadband grants based on factors like income, age, and disability.

The Digital Equity Act of 2021 provided $2.75 billion for three grant programs aimed at closing gaps in broadband access. The Biden administration started awarding $60 million in planning grants to states in 2022, and in 2024 it started taking applications to distribute the rest of the $2.75 billion. Trump announced in May 2025 that he would end the grant programs, claiming the Digital Equity Act itself is racist and unconstitutional.

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Texas halts data center connections to power grid amid overwhelming demand

Texas halts data center connections to power grid amid overwhelming demand

fivenewscrypto    août 05, 2026   

Nowhere is the US data center boom bigger than in Texas. But less than a year after declaring Texas the “epicenter of AI development,” Governor Greg Abbott has declared a moratorium on all new power grid connections for data centers—at least until developers provide more information about their projects’ potential impacts on the grid and communities.

The Republican governor directed regulators in an August 3 announcement at the Public Utility Commission of Texas and the grid operators at the Electric Reliability Council of Texas (ERCOT) to perform a “comprehensive verification and audit of all data centers advancing through ERCOT’s interconnection process.” As an independent system operator, ERCOT oversees a power grid that operates separately from the rest of the United States and provides services to most of Texas.

Texas has aggressively courted data center development with its availability of cheap land and relatively abundant energy resources, along with offering state incentives, like tax breaks and fewer regulations. That puts the state on track to surpass Virginia in becoming the largest US data center market.

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China is Tesla's cash cow, but for how much longer?

China is Tesla's cash cow, but for how much longer?

fivenewscrypto    août 05, 2026   

Tesla's factory in Shanghai had its best June ever, according to the China Passenger ⁠Car Association. Tesla built 93,579 cars in China that month, a hefty 38 percent increase compared to June 2025, according to CPCA's data. But that production isn't translating into bumper sales to Chinese customers. Rather, sales have been down quarter on quarter in China for more than a year now, particularly as buyers tire of the Model 3 sedan.

Almost 40 percent of the EVs that Tesla built in June were destined for export. And in Q2 in total, more than 50 percent—just—of the cars it built were for Europe, Canada, and other Asian markets: 128,394 versus the 126,157 Chinese-built Teslas that were sold to Chinese buyers. Low labor costs compared to Germany or the US are a big boon here, as are cheaper components from local suppliers. Throw in some export-related tax rebates from the Chinese government, and it's not hard to see how Tesla's Shanghai plant is an extremely valuable asset.

Despite this seemingly critical importance to the automaker at a time when its profit margins are evaporating, Tesla may be contemplating a future without China. Last week, The Wall Street Journal reported that some Tesla executives have been tasked with separating Chinese and non-Chinese parts of the company, although Tesla denied such preparations were underway.

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