Stories by Ina Fried

Anki's latest robot knows a few new tricks

Anki's Vector robot
The $249 Vector robot goes on sale in October. Photo: Anki

Anki, known for its Overdrive iPhone-controlled race cars and Cozmo robot, is launching a third product called Vector. It's like Cozmo's older brother — capable of running on its own without a smartphone and able to find its own way to a charger.

Why it matters: Anki has bigger ambitions than most people realize, but believes the key to building Rosie from "The Jetsons" is to start small and get better over time.

Why Apple's $1 trillion milestone matters

Graphic of the Apple logo with an arrow replacing the stem.
Illustration: Rebecca Zisser/Axios

Apple briefly topped $1 trillion in market cap, becoming the first U.S. company to do so. In and of itself, it's an arbitrary and not terribly meaningful milestone. But Apple's size really does matter.

The bottom line: A trillion dollars in market cap means Apple has both the cash and stock to buy anything it wants. That will be very important if the company decides to venture further into areas like self-driving cars or video content. (This NYT interactive graphic puts $1 trillion in perspective, showing all the things that amount would buy.)

Apple becomes first trillion dollar company

Illustration: Rebecca Zisser/Axios

Apple on Thursday became the first-ever U.S. company to have its market cap hit $1 trillion, when shares briefly touched $207.05. It’s a largely symbolic milestone, but also a reminder that between its giant market cap and massive cash holdings, Apple could buy almost anything it wants.

The bottom line: A billion dollars isn't cool. You know what's cool? A trillion dollars.