Steam Frame Positioning and Price Target

Valve is taking on gaming consoles and creating a new type of VR headset, all at the same time. GPT-5 gets “warmer.” Cursor’s new raise means it has 10x’d its valuation in the span of a year. And we’re one step closer to your phone completely replacing your wallet.

• Valve brings back Steam Machine and Steam Controller — hands-on with Valve's new AMD-based living room gaming hardware (Tom's Hardware)
• The Steam Frame is a surprising new twist on VR (The Verge)
• Microsoft to Use OpenAI’s Custom Chip Work to Help In-House Effort (Bloomberg)
• OpenAI says the brand-new GPT-5.1 is ‘warmer’ and has more ‘personality’ options (The Verge)
• The AI Coding Startup Favored by Tech CEOs Is Now Worth $29.3 Billion (WSJ)
• Apple launches Digital ID, a way to carry your passport on your phone for use at TSA checkpoints (TechCrunch)

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