British-American designer, Apple’s long-time industrial design lead and founder of LoveFrom
Tim Cook has announced he will step down as Apple CEO and become executive chairman on Sept. 1, 2026, and John Ternus, the company’s head of hardware engineering, has been named CEO-designate. The move has been presented as a planned succession while Apple is confronting AI shortfalls, China supply risks, and pressure to produce a new product wave.
Stellantis has unveiled a plan to roll out nine new models under $40,000 by 2030, aiming to revive US volume and stabilize margins. The move includes new Ram, Dodge, and Jeep entries, alongside cost-cutting measures after heavy investments in electrification and a prior $26 billion annual loss.
Anthropic has called for a coordinated global option to slow or temporarily pause frontier AI development, warning that models are accelerating their own improvement and could enable recursive self‑improvement. The proposal has prompted debate with OpenAI and US officials as both firms race to release models and prepare IPOs.
Cred’s leadership shift and Meta’s $900 million investment strengthen WhatsApp’s push into payments and business services. Kunal Shah departs Cred to lead WhatsApp; Miten Sampat becomes interim WhatsApp chief strategy officer as Cred scales toward an IPO.
A cohort of new lightweight electric vehicles is entering the market. Amble’s One, a 60+ mile range, 40 mph open-air buggy, is launching from Lisbon with a design pedigree linked to Audi, Ford, Cowboy, and Apple’s late car ambitions. Volvo has ceased US imports of the EX30, highlighting demand for compact EVs.
The Verge reports SpaceX plans to invest at least $55 billion in a Terafab chip plant in Austin, Texas, with potential expansion to $119 billion. The project aims to supply chips for SpaceX and Tesla, powering AI, robotics, and data centers. Intel is assisting design and fabrication efforts.
Apple has filed a California federal lawsuit accusing OpenAI of poaching staff, sharing confidential designs, and using a supplier to access Apple’s metal-finishing process. OpenAI denies wrongdoing. The case centers on alleged recruitment tactics and the transfer of internal knowledge as OpenAI expands into hardware.