Recode Daily - Disney makes a billion-dollar bet on video streaming

	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 are expected at a Sept. 7 event. That's the week Apple traditionally shows off its new iPhones, by the way... [Tom Warren \| 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]