Trump's new phone looks a lot like one from China
The Trump Organization says its upcoming T1 smartphone will be 'proudly designed and built in the United States.' But experts tell CNN they're skeptical that goal can be achieved-- and say the T1's specifications are strikingly similar to a Chinese-made phone already on the market.
01:07 - Source: CNN
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Trump's new phone looks a lot like one from China
The Trump Organization says its upcoming T1 smartphone will be 'proudly designed and built in the United States.' But experts tell CNN they're skeptical that goal can be achieved-- and say the T1's specifications are strikingly similar to a Chinese-made phone already on the market.
01:07 - Source: CNN
The NHL Stanley Cup's perfect imperfections
The Stanley Cup is one of the most iconic trophies in all of sports, but one of the reasons the NHL's championship trophy is so lionized is its perfect imperfections. CNN's Coy Wire spoke to The Keeper of the Cup Howie Borrow for a tour of some of the trophy's character-building bloopers.
01:02 - Source: CNN
Storm chaser captures 'unprecedented' view of monster hailstones falling from sky
Storm chaser and research scientist Sean Waugh has documented softball sized (or greater) hailstones in freefall with an ultra-high-tech camera mounted on a retrofitted research vehicle. The goal – to study and better understand what makes gigantic hail form, and how to better detect it and ultimately improve severe weather warnings. Sean speaks with CNN Meteorologist Derek Van Dam while on the road, capturing imagery of this very impactful and expensive natural phenomenon. (edited)
01:47 - Source: CNN
Flash flood destroys apartment building
An apartment building in West Virginia partially collapsed as flash floods hit the area. The governor's office said at least five people are dead and four people remain missing following the floods.
00:31 - Source: CNN
After talking to hundreds of dads, this podcaster shares his two biggest lessons
Dr. John Delony speaks to millions of listeners on his popular podcast about mental health, family and relationships. As a therapist, he's used to offering advice to struggling fathers, but we asked him about the biggest lessons he's learned as a dad.
01:32 - Source: CNN
Rare deep-sea squid filmed alive for first time
Scientists have captured the first-ever footage of the elusive Gonatus antarcticus squid alive in its deep-sea habitat. CNN's Jeremy Roth describes the rare encounter. For more on this story, visit natgeo.com.
01:12 - Source: CNN
Trump draws boos and cheers at Kennedy Center
President Donald Trump drew charged reactions of both admiration and ire at the Kennedy Center's opening night of "Les Misérables."
00:29 - Source: CNN
The many adventures of the Stanley Cup
Winner's of the NHL's Stanley Cup each get to take the cup for a day and do whatever they want with it. CNN's Coy Wire recounts some of the Cup's wildest days out.
00:43 - Source: CNN
BTS members discharged from South Korean military
One of the world's biggest boybands could soon be making a comeback with six out of seven members of K-Pop supergroup BTS now discharged from South Korea's mandatory military service. The band plans to reunite at some point later this year.
00:47 - Source: CNN
Combs requests mistrial for a second time
CNN's Elizabeth Wagmeister explains that Sean "Diddy" Combs' defense team requested a mistrial for a second time, which was denied. Combs' team accused the prosecution of presenting false testimony from Bryana Bongolan, a friend of Cassie Ventura's, who testified that Combs dangled her over a balcony.
01:26 - Source: CNN
Tennessee sheriff's office airlifts escaped zebra to safety
DEK: A zebra, that escaped from its owner in Christiana, Tennessee was captured on Sunday and airlifted to safety by the local sheriff's office. The animal, named Ed, had been reported missing just a day after he was acquired by its owners in Rutherford County. They have since been reunited.
00:35 - Source: CNN
Jamie Foxx breaks down during BET Awards acceptance speech
Jamie Foxx was overcome with emotion while accepting the Ultimate Icon Award at the BET Awards. He reflected on his 2023 health scare.
00:45 - Source: CNN
See what's coming to your iPhone and other Apple devices
Apple announced major software updates at its annual Worldwide Developers Conference. Most of the new features won't reach users' devices for a few months when OS 26 releases this fall.
01:49 - Source: CNN
Coco Gauff reacts to winning the French Open
Coco Gauff claimed her second career grand slam singles title, defeating world No. 1 Aryna Sabalenka in the French Open women's final.
00:46 - Source: CNN
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"You should expect a bunch of economists wringing their hands, saying, 'This is so crazy, it's so reckless,' and we'll just be like, 'You know what? Let us do our thing.'" This isn't the language of someone truly concerned about unsustainable speculation. It's the confidence of someone who sees the long-term trajectory clearly, even if the short-term valuations seem frothy. The Infrastructure Reality Check The numbers backing Altman's confidence are staggering. OpenAI just secured $8.3 billion in new funding at a $300 billion valuation round that was five times oversubscribed. Employee share sales could push the company's valuation to $500 billion, making it one of the most valuable private companies in history. These aren't the desperate funding rounds of bubble companies scrambling for survival; they're the measured capital raises of a company planning for massive scale. OpenAI isn't alone in this infrastructure binge. 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Our research at Futurum Group suggests AI inference workloads could account for more than 80% of computing by 2030, when factoring in on-device processing, autonomous driving, edge computing, and agentic AI systems. If accurate, we're not looking at a bubble but at the early stages of the most significant computing platform shift since mobile. Tuesday's tech selloff, triggered partly by an MIT study claiming 95% of companies see no returns from generative AI, exemplifies the market's nervous energy around AI investments. NVIDIA Corp. dropped 3.5% and Palantir nearly 10%, suggesting investors are increasingly sensitive to any hint that AI returns aren't materializing fast enough. But as I have been saying since the arrival of ChatGPT, this build out will last decades as AI will be the arbiter of the world's leading economies and all the others. We are just getting started. The expectation that enterprise AI deployments should show immediate, measurable returns reflects a fundamental misunderstanding of how transformative technologies get adopted. Companies don't typically see ROI from major technological shifts in quarters. They see it in years. The Bubble Brigade Crowd High-profile financial figures Ray Dalio and Joe Tsai have warned about AI investment pacing ahead of sustainable growth, drawing parallels to the dotcom crash. Apollo Global's Torsten Slok argues the current situation could eclipse the 1990s internet bubble, noting that the 10 largest S&P 500 companies are more overvalued relative to fundamentals than they were at the dotcom peak. These warnings deserve attention, but they conflate different types of risk. Yes, some AI startups are overvalued, and some applications overhyped. But the core infrastructure investments driving the boom are based on demonstrated utility and clear demand trajectories. Meta's approach illustrates why the smartest companies aren't treating this as bubble territory. It is optimizing for the future while continuing to be one of the best plays for real world AI consumption. The company is simultaneously laying groundwork for AGI while embedding AI into everyday products that millions use daily. This dual approach of building for the long term while monetizing current capabilities reflects confidence in AI's staying power. On Thursday, the company confirmed a Wall Street Journal report that it has paused hiring for its new AI division amid the restructuring. But it doesn't signal Meta intends a major cutback in AI spending – it is simply in digestion mode after a massive spending spree that included several acquisition-sized offers and hires in the nine-figure range. Before pouring more investment into its AI teams, Meta needs time to place and access its new talent before forging to new breakthroughs like superintelligence. Altman's apparent contradiction — warning about bubbles while planning multitrillion-dollar infrastructure investments— makes perfect sense. He's distinguishing between short-term market froth and long-term technological transformation. Investor overexcitement in the near term doesn't negate the fundamental importance of the underlying technology. The AI sector may be experiencing speculative excess in valuations and expectations. And certainly not all names that have benefitted from AI are of the same quality. But when the CEO is most positioned to benefit from that speculation, it suggests we're witnessing something more substantial than a bubble. We're watching the expensive, messy process of building the next computing platform, one that promises to be worth every overexcited dollar invested in its foundation. In bubbles, the smart money gets out early. In genuine technological revolutions, it doubles down on infrastructure. OpenAI's $500 billion trajectory signals which category we're really in.
