American business executive; CEO of Apple since 2011
Apple has announced a broader Apple Upgrade program after the existing iPhone Upgrade plan. The program will let customers pay for iPhones, iPads, Macs, and Apple Watches over 12–36 months, with options to keep, upgrade, or return devices. The move comes as Apple faces higher prices and supply-chain pressures linked to memory shortages, and follows its legal battle with OpenAI.
A federal judge has denied xAI's emergency request to block Minnesota's law banning AI-generated non-consensual nude images, allowing the statute to take effect while xAI's wider constitutional challenge continues. xAI has argued the law is overbroad, exposes platforms to $500,000 fines per image and lacks a safe harbour; Minnesota officials have pledged to defend the statute.
The Federal Communications Commission has added "advanced robotic devices" — including humanoid robots, four‑legged machines and some connected power inverters — to a list that blocks new foreign-made models from US markets on national‑security and cybersecurity grounds. The rule has taken effect for models not yet authorised; existing authorised devices remain allowed while exemptions can be requested.
Tech giants are pouring billions into AI infrastructure and tools, but investors remain unconvinced that revenue will materialize soon. Meta’s heavy AI investment coincides with a stock pullback, while Microsoft reports stronger returns, signaling a split in the industry’s immediate financial outcomes.
Grab reports strong Q2 results and lifts full-year outlook as AI-driven efficiency boosts margins; Grab is accelerating in Southeast Asia while pursuing Taiwan expansion. Rolls-Royce posts higher semi-annual profit guidance on defense demand and data-centre power growth, with AI-influenced efficiency lifting margins.
Apple reports strong revenue but warns that AI-driven memory shortages are tightening supply chains, forcing scrambling for chips and raising prices. Tim Cook signals on-device AI and a future Siri rollout as the company navigates memory costs and component constraints.
Apple has confirmed a high-end focus for its September event, with the iPhone 18 Pro and iPhone 18 Pro Max as the main attractions and a foldable iPhone Ultra expected to be unveiled. The base iPhone 18 is delayed to spring 2027, while AirPods and other components face supply and price pressures.
Apple has reported stronger-than-expected Q3 results but warns memory-chip pricing has squeezed margins. The company forecasts 9%-11% revenue growth for the current quarter, below Wall Street expectations of about 12%. Tim Cook is preparing to hand over to John Ternus, with investors watching for supply constraints relief and potential iPhone price moves.
Amazon and Apple diverge in earnings, with AWS leading cloud growth for Amazon and Apple forecasting slower growth due to memory chip shortages and supply constraints, signaling a split in Big Tech momentum.
The MacBook Air lineup faces longer shipping times and higher prices due to a global memory shortage fueling demand from AI firms. Apple has raised prices, while retailers report constrained stock and delayed deliveries. Analysts say the trend will continue into back-to-school season and could extend into fall launches.
OpenAI and Apple are locked in a widening trade secrets dispute. Apple seeks expedited discovery and alleges misconduct by former Apple employees now at OpenAI; OpenAI rebuts with published iMessages and claims Apple misrepresented facts. The dispute centers on alleged theft of confidential hardware information and the handling of staff transitions.
OpenAI has rejected Apple’s trade secrets allegations, arguing that Apple’s own security practices weaken the claim. The filings, published this week, argue that former Apple employees joined OpenAI to pursue innovative AI work, not to steal confidential information. The case continues as both sides prepare for further court action.
Anthropic and OpenAI are preparing for public markets, with valuations drawing scrutiny as investors weigh potential competition from cheaper Chinese models. Experts warn that a price war could threaten the AI boom, while a handful of financiers argue the sector remains heavily skewed toward a few players.
Global markets have steadied as US retail data suggests consumer spending is softer while inflation trends remain in check. Traders are watching for Federal Reserve guidance as major indices hover near records after a week of mixed signals across equities, bonds and currencies.
Memory prices for DRAM and related chips have spiked as demand from AI-focused data centers, smartphones and consoles outpaces supply. Producers are locking up long-term memory supply, raising costs for consumer devices and cloud services. Apple is testing CXMT memory amid broader price pressures.
A round-up of market commentary from CNBC and Business Insider UK shows mixed outlooks on AI, semiconductors and defense, with investors weighing short-term volatility against longer-term growth catalysts. Several executives stress caution as valuations remain volatile.
A wave of senior leadership departures across major AI labs has intensified as firms recalibrate leadership ahead of anticipated IPOs and major infrastructure overhauls. OpenAI and Anthropic are among those restructuring as executives exit and reassignments take place, with a broader industry shift toward aligning compute strategies with growth goals.
Nvidia has acquired a minority stake in Cloverleaf Infrastructure and has announced a partnership to help build data‑centre sites. The move follows Nvidia’s recent $1.5 billion investment in an Ohio data‑centre project and signals the company is directly financing and developing the power and site infrastructure that supports demand for its AI chips.
Apple has raised prices for Apple TV, Apple One, and related services. The increases affect monthly and annual plans, with Apple TV now at 14.99/month ($119/year) and Apple One at 21.95/month. Several rivals have also nudged prices, and Apple cites broader shifts in hardware and services pricing. The moves come as Apple emphasizes services revenue.
The G20 finance talks have focused on China and the broader impact of U.S. tariffs, with officials arguing that non-market economies are shaping global growth. Treasury Secretary Bessent has warned that tariffs will redirect Chinese goods to other markets, while other leaders call for balance and guardrails on AI regulation.
Apple's Phil Schiller has stepped down from heading the App Store and will become an Apple Fellow, while day-to-day operations shift to Carson Oliver under Eddy Cue. Bloomberg and other outlets report a push by new CEO John Ternus and Cue to improve margins and recurring revenue, a move Schiller privately opposed.
Apple has unveiled its first foldable iPhone at the "Surprise and Shine" event, introducing a passport-sized device that opens to roughly a 7.6–7.8‑inch display and will start at about $1,999. The company has also introduced new iPhone 18 Pro models and showcased updates to watches, AirPods and operating systems during John Ternus's first keynote as CEO.
The creators of South Park have announced that the show will officially be known as SOUTH AMERICA for its 29th season, a move inspired by Apple and Google renaming Lake Ontario to Lake America. The announcement comes as Donald Trump has pushed for names changes in U.S. maps and fronts a broader political clash with Canada and tech platforms.
Inflation remains elevated as energy prices stay buoyant amid renewed Middle East fighting. The latest data show consumer prices rising year over year, with monthly gains in August. Gas and diesel costs are at multi-year highs, weighing on households and businesses just as midterm politics heighten scrutiny of the administration’s economic management.
The iPhone Duo and other iPhone models have seen price increases as AI-driven demand for memory chips tightens supply, raising costs across consumer electronics. Analysts note this follows broader price rises in the iPhone lineup and shrinking smartphone volumes globally.
Nvidia CEO Jensen Huang has placed President Trump on speaker during a tech conference conversation with All-In podcast hosts and defended continued data centre and AI development. Trump has warned against what he called efforts to block data-centre construction and has pledged support for the industry, while polling shows strong local opposition to new data centres over environmental and cost concerns.
Chinese leader Xi Jinping has arrived in Washington for a state visit and a summit with U.S. President Donald Trump to discuss extending a trade truce, AI safety and the fate of Americans detained in China. Preparatory talks have produced limited deliverables; officials are expecting targeted, incremental agreements rather than a broad breakthrough.
Apple is advancing its AI ambitions, with reports of an enterprise server in development and a redesigned Siri. The initiative aligns with growing demand for AI-ready hardware, while iOS 27 introduces an enhanced Siri that can access local data and is expanded to more languages.
Xi Jinping’s state visit to the United States is underway, with a White House arrival ceremony and a state dinner planned. Leaders will discuss tariffs, AI, and rare earths, while business leaders attend the dinner. Upcoming talks will focus on trade, strategy, and diplomacy as the two powers navigate tensions.
Australia has pressed for stronger AI regulations and digital safety standards at the UN General Assembly, highlighting new online safety laws and a proposed digital duty of care. Prime Minister Albanese has met tech leaders in the United States to discuss algorithm opt-outs and safeguards, while Apple has signalled cooperation on child safety online.
President Donald Trump has hosted Chinese leader Xi Jinping for a ceremonial state visit in Washington that has focused on pageantry rather than major agreements. The two leaders have extended a trade truce to January 10, held private talks, attended a state dinner with US tech executives and staged a rare tarmac greeting and military flyovers.
The upcoming US-China talks are focusing on artificial intelligence safety and governance as leaders consider dialogue mechanisms and potential safety standards, with a chorus of tech executives weighing in on how to pace AI development.
The second US-China summit in weeks has extended a tariff truce by two months and confirmed continued dialogue, with both sides stressing stability amid ongoing tensions. No major policy announcements have emerged on AI, Taiwan, or trade, while a public spectacle underscored the event.
A federal jury in California has ruled that Apple infringed two Taction Technology patents related to haptic feedback. The verdict comes after a long-running case that began in 2021 and was revived on appeal, with Apple planning to appeal the decision.
Anthropic's Dario Amodei will join President Trump for a private White House dinner, marking a rare one-on-one with the president as AI safety debates intensify. The gathering underscores a thaw in relations while policy disagreements over frontier AI persist.
Trump and Xi have extended a trade truce; talks continue with no agreed fixes on AI risk, Iran, or broader global challenges. The visit features diplomacy and spectacle, with a two-month extension and measured rhetoric about a constructive bilateral path.
Presidents has awarded the National Medal of Science and Technology to Elon Musk, Jensen Huang, Sergey Brin, Lisa Su, Michael Dell, and Satya Nadella, in a ceremony linked to the Science: A New Golden Age Summit. The White House frames the award as a boost to America’s leadership in science and tech amid ongoing AI policy discussions.
Apple has announced the HomeView smart home hub and the iPhone Duo foldable, alongside updates to Mac and HomeKit devices. The devices are designed to deepen Apple’s domestic manufacturing push and expand its hardware ecosystem as Tim Cook’s successor, John Ternus, leads a fast-paced launch cadence.
The tech world is abuzz as leaders on Collison’s podcast are seen consuming Guinness during discussions on Muse and AI, sparking memes and a debate over the culture of ‘cheeky pints’ in Silicon Valley.
Apple has introduced HomeView, a $299 seven‑inch smart display with AI-backed personalization and facial recognition, alongside updated HomePod mini 2 and Apple TV 4K. The devices are designed to simplify setup, integrate with the Home app, and coordinate with partners while highlighting an ecosystem approach to home AI.
Apple has launched its $2,000 foldable iPhone Duo. Shipments begin today, with some buyers receiving day-one deliveries while others face January 2027 wait times due to limited supply and high demand.