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Industry

SpaceX IPO stirs U.S. luxury market as Rolex and private jet demand signs emerge

With SpaceX\'s initial public offering confirmed, U.S. markets for luxury homes, high-end watches and private jets are showing early reactions. CNBC reported that current and former employees cannot immediately cash out their stakes, but some are already making spending plans in anticipation of future liquidity. Realtors cite rising inquiries for upscale homes in Southern California and near Austin, Texas. Watch and private jet firms also report related inquiries.

Telecommunications & Media

Apple may launch book-style foldable iPhone this fall as \'iPhone Ultra\' - report

Apple may unveil its first foldable iPhone this fall under the name \"iPhone Ultra\", according to a report. The device is expected to differ from existing iPhones in design, display, cameras, software, chip and biometric authentication. It may use a book-style fold with a wider inner screen, include 5.3 to 5.5-inch outer and 7.6 to 7.8-inch inner displays, and run iOS 27 features for multitasking. Pricing estimates vary, with about $1,999 cited for a 256GB model.

AI & Enterprise

AI use grows in scouting football prospects but data can miss talent

Artificial intelligence is increasingly used to scout football prospects, but it may repeat existing bias and inequality rather than identify future star players accurately, a researcher said. AI typically searches past data for patterns of successful players, which can mirror long-standing preferences in scouting. Differences in physical and social development can make long-term potential hard to predict from early data. Monitoring can also increase psychological pressure on young players and staff.