Technology

Intel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment the embattled chipmaker. SoftBank will pay $23 per share for Intel's common stock. The investment is a vote of confidence in Intel, which has not been able to take advantage of the AI boom in advanced semiconductors and has spent heavily to stand up a manufacturing business that has yet to secure a significant customer. "Masa and I have worked closely together for decades, and I appreciate the confidence he has placed in Intel with this investment," Intel CEO Lip-Bu Tan said in a statement. Intel shares lost 60% of their value last year, their worst performance in the company's more than half-century on the public market.

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Hollywood comedy production has declined 27% since 1990 despite audience demand ranking the genre second among those viewers "want to see more of," according to Letterboxd genre data and a 68,000-consumer survey. Comedy films average $26.5 million production budgets and double their investment returns at 102%, yet represent just 9.3% of sequel releases compared to action's 27.6%. The shift reflects studios prioritizing internationally marketable franchises over domestically-focused comedies, which earn most revenue from US and Canadian audiences. Films like 1984's Beverly Hills Cop ($977 million inflation-adjusted) and Ghostbusters ($882 million) remain unmatched by contemporary releases -- with half of Letterboxd's most popular 2020s "comedies" being either non-comedic films like Saltburn or IP-driven movies like Barbie.

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Fujifilm will increase prices on most of its US camera lineup starting August 30, marking the second price adjustment this month following retailer-announced increases two weeks earlier. The company cited "volatile market conditions" in its official statement. The recently released X half and X-E5 cameras will maintain their launch prices, while the backordered X100 VI faces price changes. The company characterized the adjustments as a long-term solution to uncertainties including tariffs and manufacturing circumstances.

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England has declared a "nationally significant" water shortage as reservoirs dropped to 67.7% capacity, their lowest levels in at least a decade. The UK Centre for Ecology and Hydrology warned of exceptionally low river flows while groundwater continues dwindling across the country. Hosepipe bans now affect all of England, with additional restrictions probable in coming months. Water companies lose approximately one trillion litres annually through leaky pipes -- 20% of all treated water -- while the annual pipe replacement rate remains at 0.05%. No new reservoir has been built in 30 years despite population growth. Government forecasts project England's public water supply could fall short by 5 billion litres daily by 2055 without urgent infrastructure investment. The economic cost of water scarcity could reach $11.48 billion over this parliament, according to thinktank Public First.

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