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Andrew Hitz with the Zeus hand.

Courtesy of Aether Biomedical

In 2011, Jeremy Schroeder was driving a four-wheeler near Sherwood, Ohio, when he crashed into a stop sign he hadn’t seen as the stone path suddenly turned to asphalt. The sign left a deep gash in Schroeder’s arm; he was rapidly losing blood. 

Shroeder, who was 30 at the time, waited more than an hour for emergency medical services to arrive before he was finally airlifted to a nearby hospital.

When he woke up in a room across from his anxious wife, Schroeder was missing a hand. 

“She goes, ‘I got bad news,'” he told CNBC in an interview, recalling the conversation. 

Schroeder’s left arm was amputated around five inches below his elbow. He has four kids and manages a small farm where he drives tractors, harvests crops and cares for animals, so he was determined not to let his accident slow him down. 

Now, 12 years later, Schroeder wears a bionic hand designed by the startup Aether Biomedical, and it’s business as usual for him. Aether’s hand, called the Zeus, can lift up to 77 pounds and switch between 12 different customizable grip patterns in real time. Schroeder, who is now an ambassador for the company, said he uses it for “everything,” whether it’s carrying groceries, driving his truck or caring for his kids.  

Founded in 2018, Aether is based in Poland with U.S. headquarters in Chicago. Aether works with upper limb amputees, and anyone with an amputation level between the wrist and the shoulder can use its Zeus hand. Once patients are fitted with a prosthetic socket for their arm by a doctor, Aether’s device can fasten on the end.

More than 200 patients are using Aether’s Zeus hand, and like other bionic hands, it works by translating the electrical signals in the arm muscles. When a patient thinks of a grip like holding a bottle or pinching a needle, Aether’s sensors detect these electrical signals and its software converts them into actions. 

“Just about anything you can think, you can do,” Schroeder said. “It’s really neat what some people can do with it.”

Jeremy Schroeder with the Zeus hand.

Courtesy of Aether Biomedical

Aether CEO Dhruv Agrawal said the Zeus hand is the strongest bionic hand on the market, and it’s also the only hand that can be remotely configured through an app, which is a big selling point for users.

It’s common for patients to need adjustments to their bionic devices, especially as they are first learning to use them, and it usually requires an in-person visit to a doctor’s office. But patients who use Aether’s device can have their clinician log on to the company’s cloud-based platform and reconfigure grip patterns and make other adjustments remotely. 

Schroeder said this feature often saves him more than two hours of driving.

Aether also takes a unique approach to larger repairs. 

The Zeus hand is made up of seven modules that can be easily replaced at a doctor’s office, said Sarra Mullen, head of U.S. operations at Aether. She said other bionic hands have to be sent back to the manufacturers to be repaired, which can leave patients stuck without their devices for extended periods. 

“Imagine not having your hand for weeks, months at a time,” Mullen told CNBC in an interview. “We have this ability now to keep the device on the patient at all times, and that truly is remarkable.”

Aether’s Zeus hand is approved by the U.S. Food and Drug Administration, and it’s covered by all major insurance payers. Aether said the cost of the Zeus hand will vary depending on the person. The company generates revenue, Mullen said, so its main focus is on scaling access to its technology.  

On Monday, Aether announced it closed a $5.8 million funding round led by J2 Ventures and Story Ventures. Agrawal said the funding will mainly be used to improve the company’s manufacturing process. Aether currently has a backlog of devices it needs to ship out, he added. 

In the U.S. alone, there are between 800,000 and 1 million estimated upper limb amputees, so there is plenty of room for Aether to grow. The challenge, Agrawal said, is winning over patients who have never wanted a bionic hand or who have been discouraged by past devices they’ve tried.    

“If you used a device many years ago and didn’t like it, that doesn’t mean that you have to give up on it today,” he told CNBC in an interview. “Technology is improving.” 

Given Aether’s presence in Poland, Agrawal said the company is also working to get its devices to people who have been injured because of the war in Ukraine. He said Aether is sending its first team to the region in a few weeks, and the company is expecting to fit between 300 to 500 people with the Zeus hand over the next year and a half.

Patients need to practice

The Zeus hand.

Courtesy of Aether Biomedical

If patients have never used a bionic hand before, Mullen said, it usually takes between four to six weeks to learn how to use Aether’s comfortably. She said patients first generally see a prosthetist, which is the kind of doctor that fits patients with artificial limbs. They get set up with the hand, and then go to occupational therapy to learn to use it.   

It takes time and practice to understand how to operate the different grip patterns, Mullen said. But Andrew Hitz, a 61-year-old who lives about 40 miles south of Dallas, mastered the Zeus hand in just 10 minutes. 

Hitz had an elective amputation below the elbow of his left arm in February of 2019 after suffering a serious accident on a side-by-side vehicle years earlier. He had tried to save his hand through a number of different procedures, and his surgeon eventually told him that he was out of options.  

“Actually, it was the best thing that I ever did,” Hitz told CNBC in an interview. “I wish I would have jumped to the conclusion of having it taken off years prior, saving me some of the agony and pain of all the surgeries that I went through.”

Hitz has used other bionic hands before, and he said many of them are sitting on his shelf and collecting dust. He happened to stumble across Aether at a trade show in Dallas this year where tried out the Zeus hand. He said using it for the first time was like a “ray of bright sunshine.”

“Literally in 10 minutes I was picking up little blocks that this previous hand that I had for almost a year and a half I just never mastered,” he said. 

Aether gave Hitz a hand for free, and he is now an ambassador for the company.

Like Schroeder, Hitz lives a very hands-on lifestyle and manages a small farm with his wife. He cares for chickens, sheep, goats, donkeys and more. He said the Zeus hand works great for holding rakes and shovels, driving his tractor, carrying feed and gathering hay.

Hitz said the Zeus hand also has a soft grip feature, which means he can use it to pick up eggs from his chicken coop. 

“If I would have tried that with my other two, it would have smushed all over the place, egg everywhere,” Hitz said. “So that just blew my mind when I went up to the chicken coop, and I did not crush that egg.” 

Out of Aether’s 50 employees, Agrawal said around 75% are dedicated to research and development, so the company is always looking ahead to what is next. He said Aether is already working on next generation devices, as well as better machine learning systems and digital training platforms. 

He said ultimately, Aether’s goal is to help make bionic devices more accessible and easier to use.

“The amount of mental taxation that a user has to put in to use these devices has decreased a lot with our product,” he said. “And I think that is really key to ensuring that these devices don’t sit in a boardroom, but are actually used by patients.”

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Inside a Utah desert facility preparing humans for life on Mars

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Inside a Utah desert facility preparing humans for life on Mars

Hidden among the majestic canyons of the Utah desert, about 7 miles from the nearest town, is a small research facility meant to prepare humans for life on Mars.

The Mars Society, a nonprofit organization that runs the Mars Desert Research Station, or MDRS, invited CNBC to shadow one of its analog crews on a recent mission.

MDRS is the best analog astronaut environment,” said Urban Koi, who served as health and safety officer for Crew 315. “The terrain is extremely similar to the Mars terrain and the protocols, research, science and engineering that occurs here is very similar to what we would do if we were to travel to Mars.”

SpaceX CEO and Mars advocate Elon Musk has said his company can get humans to Mars as early as 2029.

The 5-person Crew 315 spent two weeks living at the research station following the same procedures that they would on Mars.

David Laude, who served as the crew’s commander, described a typical day.

“So we all gather around by 7 a.m. around a common table in the upper deck and we have breakfast,” he said. “Around 8:00 we have our first meeting of the day where we plan out the day. And then in the morning, we usually have an EVA of two or three people and usually another one in the afternoon.”

An EVA refers to extravehicular activity. In NASA speak, EVAs refer to spacewalks, when astronauts leave the pressurized space station and must wear spacesuits to survive in space.

“I think the most challenging thing about these analog missions is just getting into a rhythm. … Although here the risk is lower, on Mars performing those daily tasks are what keeps us alive,” said Michael Andrews, the engineer for Crew 315.

Watch the video to find out more.

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Apple scores big victory with ‘F1,’ but AI is still a major problem in Cupertino

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Apple scores big victory with 'F1,' but AI is still a major problem in Cupertino

Formula One F1 – United States Grand Prix – Circuit of the Americas, Austin, Texas, U.S. – October 23, 2022 Tim Cook waves the chequered flag to the race winner Red Bull’s Max Verstappen 

Mike Segar | Reuters

Apple had two major launches last month. They couldn’t have been more different.

First, Apple revealed some of the artificial intelligence advancements it had been working on in the past year when it released developer versions of its operating systems to muted applause at its annual developer’s conference, WWDC. Then, at the end of the month, Apple hit the red carpet as its first true blockbuster movie, “F1,” debuted to over $155 million — and glowing reviews — in its first weekend.

While “F1” was a victory lap for Apple, highlighting the strength of its long-term outlook, the growth of its services business and its ability to tap into culture, Wall Street’s reaction to the company’s AI announcements at WWDC suggest there’s some trouble underneath the hood.

“F1” showed Apple at its best — in particular, its ability to invest in new, long-term projects. When Apple TV+ launched in 2019, it had only a handful of original shows and one movie, a film festival darling called “Hala” that didn’t even share its box office revenue.

Despite Apple TV+ being written off as a costly side-project, Apple stuck with its plan over the years, expanding its staff and operation in Culver City, California. That allowed the company to build up Hollywood connections, especially for TV shows, and build an entertainment track record. Now, an Apple Original can lead the box office on a summer weekend, the prime season for blockbuster films.

The success of “F1” also highlights Apple’s significant marketing machine and ability to get big-name talent to appear with its leadership. Apple pulled out all the stops to market the movie, including using its Wallet app to send a push notification with a discount for tickets to the film. To promote “F1,” Cook appeared with movie star Brad Pitt at an Apple store in New York and posted a video with actual F1 racer Lewis Hamilton, who was one of the film’s producers.

(L-R) Brad Pitt, Lewis Hamilton, Tim Cook, and Damson Idris attend the World Premiere of “F1: The Movie” in Times Square on June 16, 2025 in New York City.

Jamie Mccarthy | Getty Images Entertainment | Getty Images

Although Apple services chief Eddy Cue said in a recent interview that Apple needs the its film business to be profitable to “continue to do great things,” “F1” isn’t just about the bottom line for the company.

Apple’s Hollywood productions are perhaps the most prominent face of the company’s services business, a profit engine that has been an investor favorite since the iPhone maker started highlighting the division in 2016.

Films will only ever be a small fraction of the services unit, which also includes payments, iCloud subscriptions, magazine bundles, Apple Music, game bundles, warranties, fees related to digital payments and ad sales. Plus, even the biggest box office smashes would be small on Apple’s scale — the company does over $1 billion in sales on average every day.

But movies are the only services component that can get celebrities like Pitt or George Clooney to appear next to an Apple logo — and the success of “F1” means that Apple could do more big popcorn films in the future.

“Nothing breeds success or inspires future investment like a current success,” said Comscore senior media analyst Paul Dergarabedian.

But if “F1” is a sign that Apple’s services business is in full throttle, the company’s AI struggles are a “check engine” light that won’t turn off.

Replacing Siri’s engine

At WWDC last month, Wall Street was eager to hear about the company’s plans for Apple Intelligence, its suite of AI features that it first revealed in 2024. Apple Intelligence, which is a key tenet of the company’s hardware products, had a rollout marred by delays and underwhelming features.

Apple spent most of WWDC going over smaller machine learning features, but did not reveal what investors and consumers increasingly want: A sophisticated Siri that can converse fluidly and get stuff done, like making a restaurant reservation. In the age of OpenAI’s ChatGPT, Anthropic’s Claude and Google’s Gemini, the expectation of AI assistants among consumers is growing beyond “Siri, how’s the weather?”

The company had previewed a significantly improved Siri in the summer of 2024, but earlier this year, those features were delayed to sometime in 2026. At WWDC, Apple didn’t offer any updates about the improved Siri beyond that the company was “continuing its work to deliver” the features in the “coming year.” Some observers reduced their expectations for Apple’s AI after the conference.

“Current expectations for Apple Intelligence to kickstart a super upgrade cycle are too high, in our view,” wrote Jefferies analysts this week.

Siri should be an example of how Apple’s ability to improve products and projects over the long-term makes it tough to compete with.

It beat nearly every other voice assistant to market when it first debuted on iPhones in 2011. Fourteen years later, Siri remains essentially the same one-off, rigid, question-and-answer system that struggles with open-ended questions and dates, even after the invention in recent years of sophisticated voice bots based on generative AI technology that can hold a conversation.

Apple’s strongest rivals, including Android parent Google, have done way more to integrate sophisticated AI assistants into their devices than Apple has. And Google doesn’t have the same reflex against collecting data and cloud processing as privacy-obsessed Apple.

Some analysts have said they believe Apple has a few years before the company’s lack of competitive AI features will start to show up in device sales, given the company’s large installed base and high customer loyalty. But Apple can’t get lapped before it re-enters the race, and its former design guru Jony Ive is now working on new hardware with OpenAI, ramping up the pressure in Cupertino.

“The three-year problem, which is within an investment time frame, is that Android is racing ahead,” Needham senior internet analyst Laura Martin said on CNBC this week.

Apple’s services success with projects like “F1” is an example of what the company can do when it sets clear goals in public and then executes them over extended time-frames.

Its AI strategy could use a similar long-term plan, as customers and investors wonder when Apple will fully embrace the technology that has captivated Silicon Valley.

Wall Street’s anxiety over Apple’s AI struggles was evident this week after Bloomberg reported that Apple was considering replacing Siri’s engine with Anthropic or OpenAI’s technology, as opposed to its own foundation models.

The move, if it were to happen, would contradict one of Apple’s most important strategies in the Cook era: Apple wants to own its core technologies, like the touchscreen, processor, modem and maps software, not buy them from suppliers.

Using external technology would be an admission that Apple Foundation Models aren’t good enough yet for what the company wants to do with Siri.

“They’ve fallen farther and farther behind, and they need to supercharge their generative AI efforts” Martin said. “They can’t do that internally.”

Apple might even pay billions for the use of Anthropic’s AI software, according to the Bloomberg report. If Apple were to pay for AI, it would be a reversal from current services deals, like the search deal with Alphabet where the Cupertino company gets paid $20 billion per year to push iPhone traffic to Google Search.

The company didn’t confirm the report and declined comment, but Wall Street welcomed the report and Apple shares rose.

In the world of AI in Silicon Valley, signing bonuses for the kinds of engineers that can develop new models can range up to $100 million, according to OpenAI CEO Sam Altman.

“I can’t see Apple doing that,” Martin said.

Earlier this week, Meta CEO Mark Zuckerberg sent a memo bragging about hiring 11 AI experts from companies such as OpenAI, Anthropic, and Google’s DeepMind. That came after Zuckerberg hired Scale AI CEO Alexandr Wang to lead a new AI division as part of a $14.3 billion deal.

Meta’s not the only company to spend hundreds of millions on AI celebrities to get them in the building. Google spent big to hire away the founders of Character.AI, Microsoft got its AI leader by striking a deal with Inflection and Amazon hired the executive team of Adept to bulk up its AI roster.

Apple, on the other hand, hasn’t announced any big AI hires in recent years. While Cook rubs shoulders with Pitt, the actual race may be passing Apple by.

WATCH: Jefferies upgrades Apple to ‘Hold’

Jefferies upgrades Apple to 'Hold'

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Musk backs Sen. Paul’s criticism of Trump’s megabill in first comment since it passed

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Musk backs Sen. Paul's criticism of Trump's megabill in first comment since it passed

Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC.

Kevin Dietsch | Getty Images

Tesla CEO Elon Musk, who bombarded President Donald Trump‘s signature spending bill for weeks, on Friday made his first comments since the legislation passed.

Musk backed a post on X by Sen. Rand Paul, R-Ky., who said the bill’s budget “explodes the deficit” and continues a pattern of “short-term politicking over long-term sustainability.”

The House of Representatives narrowly passed the One Big Beautiful Bill Act on Thursday, sending it to Trump to sign into law.

Paul and Musk have been vocal opponents of Trump’s tax and spending bill, and repeatedly called out the potential for the spending package to increase the national debt.

On Monday, Musk called it the “DEBT SLAVERY bill.”

The independent Congressional Budget Office has said the bill could add $3.4 trillion to the $36.2 trillion of U.S. debt over the next decade. The White House has labeled the agency as “partisan” and continuously refuted the CBO’s estimates.

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The bill includes trillions of dollars in tax cuts, increased spending for immigration enforcement and large cuts to funding for Medicaid and other programs.

It also cuts tax credits and support for solar and wind energy and electric vehicles, a particularly sore spot for Musk, who has several companies that benefit from the programs.

“I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!” Trump wrote in a social media post in early June as the pair traded insults and threats.

Shares of Tesla plummeted as the feud intensified, with the company losing $152 billion in market cap on June 5 and putting the company below $1 trillion in value. The stock has largely rebounded since, but is still below where it was trading before the ruckus with Trump.

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Tesla one-month stock chart.

— CNBC’s Kevin Breuninger and Erin Doherty contributed to this article.

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