Santa Clara, California-based Nvidia reported its sales were $46.7 billion for the most recent quarter, marking 56 percent growth over the same period last year and up 6 percent sequentially. Profit rose more than 59 percent to $26.42 billion. The results, which surpassed estimates, reassured global analysts and investors that AI infrastructure spending remains strong, easing — though not erasing — anxieties about an AI bubble. This summer, the chipmaker became the first company to exceed a market cap of $4 trillion, and it is considered a global barometer for the overall health of the artificial intelligence sector. Read more

Google has released a free consumer version of the Veo-powered Vids generative video creation and editing tool that debuted in November 2024 as part of the Google Workspace productivity suite, a subscription product starting at $7 per month for individual users. Subscribers will continue to have access to a more full-featured Vids app, which has been updated with AI avatars, image-to-video capability and automatic transcript trimming that removes “filler words and awkward pauses with just a few clicks.” But the free tier provides basic AI-enhanced editing and video creation using templates that casual users will no doubt find helpful. Read more

The Rokid Glasses set to ship in November boast something smart spec aficionados have been clamoring for — a screen built-into the lens. Set to retail for $600 ($700 including the charging case) the AR-equipped specs will likely be a couple of hundred dollars cheaper than the new Ray-Ban Metas, expected to be the company’s first screen-equipped smart glasses. The word is they’ll be showcased at Meta Connect, September 17-18. The Rokid Glasses raised $900,000 within 48 hours of their global unveiling on Kickstarter, where those who pre-order receive a limited-time discount of 15 to 20 percent. Read more

Unless there is breaking news over the next few days, ETCentric and The Daily News Brief will not publish during the upcoming 3-day holiday weekend. We wish you and your families an enjoyable and relaxing Labor Day. We’ll be back on Tuesday with the latest in media and entertainment technology news. Read more

AT&T is acquiring wireless spectrum licenses from EchoStar for roughly $23 billion in cash. The acquisition will provide AT&T an average of approximately 50MHz of low-band and mid-band covering virtually all U.S. markets, bolstering connectivity across 5G and fiber, according to CEO John Stankey. AT&T says the deal will accelerate its ability to expand converged subscriber base, customers with both AT&T’s mobile 5G and home Internet services. EchoStar and AT&T have amended their network services agreement to enable EchoStar to operate as a hybrid MNO under the Boost Mobile brand, with AT&T as the primary network services partner. Read more