Disney makes a billion-dollar bet on video streaming | Recode Daily: August 10,2016

A year ago Disney freaked out the TV business by talking about subscriber losses at ESPN. Now it has a plan to sell an ESPN-branded digital subscription service that won't actually include ESPN. The service will be powered by pro baseball's BAM Tech, and Disney is buying a chunk of that company for $1 billion, as Recode readers already knew.
[Edmund Lee | Recode]

Intel is trying to incorporate machine learning technology into its silicon by shelling out more than $400 million for startup Nervana Systems.
[Ina Fried | Recode]

Yelp shares climbed more than 10 percent after the consumer reviews site surprised Wall Street by posting a slim profit and boosting its guidance.
[Aishwarya Venugopal | Reuters]

Sony is going to unveil an upgraded PlayStation 4 at a Sept. 7 event. That's the week Apple traditionally shows off its new iPhones, by the way...
[Nick Statt | The Verge]

In its quest to free people from the drudgery of actually eating, Soylent introduced Coffiest, a breakfast-in-a-bottle with the caffeine of a couple cups of coffee and the calories of a Sausage McMuffin.
[David Pierce | Wired]