American tech executive, CEO of Apple since 2011
Apple has filed a trade‑secrets lawsuit accusing OpenAI of stealing hardware-related information and poaching more than 400 employees. Apple has delayed its smart‑glasses launch to June 2027 and pushed consumer availability to late 2027 while it refocuses on Siri‑driven AI, privacy controls and developer support. The sector is also seeing rising competition from Chinese open‑weight models and growing investment in open AI infrastructure.
Apple has launched Apple Upgrade, a lease-to-own program through Klarna, allowing customers to lease iPhones, Watches, Macs, and iPads for 12–36 months with upgrade, return, or purchase options at term end. The move aligns with rising device prices and longer replacement cycles, aiming to keep customers in Apple’s ecosystem. Pricing starts at $17.99/month for iPhone and scales by device and term.
President Trump has completed a two‑day state visit to Beijing with US business chiefs, holding talks with Xi Jinping on trade, Taiwan, Iran and AI. Leaders have agreed to set up trade and investment councils; Trump has touted unspecified "fantastic" deals including a reported 200‑plane Boeing order while Chinese statements remain cautious.
President Donald Trump has met Chinese leader Xi Jinping in Beijing for two days of talks over trade, Taiwan, Iran and energy. The leaders have discussed reopening the Strait of Hormuz, Chinas oil purchases from Iran and military assistance; the White House has said Xi pledged not to send Iran military equipment.
A consortium-backed safety institute in Europe will test AI products for harms to children, while the US weighs new vetting and export-control policies as AI labs race ahead. Separate reports show rising use of shadow AI in workplaces and ongoing national-security deals over AI in defence.
Nvidia CEO Jensen Huang has joined President Trumps delegation to China and has been pictured in Beijing; the trip has been focusing on trade, AI export controls and Iran. China has not approved any purchases of Nvidias H200 chips and is continuing to push domestic chip development while U.S. export controls remain in place.
Trump has welcomed a delegation of executives to Beijing, including Tesla’s Elon Musk and Nvidia’s Jensen Huang, as part of efforts to “open up” China and mobilize business support. The trip follows reports of competition with Chinese EV firms and ongoing AI export discussions.
Multiple outlets have reported that President Trump has said he 'doesn't think about' Americans' financial situation while negotiating with Iran, insisting preventing Tehran from a nuclear weapon is his sole focus. The comment has come as inflation has accelerated to 3.8% and gasoline has jumped above $4.50 a gallon since the war with Iran began.
Trump has arrived in Beijing with a tech-focused delegation for talks with Xi Jinping. Ratner accompanies the trip to scout for Rush Hour 4 filming locations, while executives from major tech firms are present. The discussions centre on trade, Iran, and Taiwan, with some hints about potential film projects pending outcomes.
The White House has paused an executive order creating a voluntary framework for AI developers to engage with the U.S. government before releasing advanced models. The delay follows pressure from tech leaders and internal concerns about safety and speed, with lawmakers and industry players weighing safety guardrails against innovation.
Apple has unveiled Siri AI and expanded Apple Intelligence at WWDC, promising a conversational assistant that uses personal device data and Google-powered foundation models. The company has said Siri AI will enter beta this summer with a public fall release, but regulators in the EU and China will delay availability there. Apple has emphasised privacy and private cloud compute in its rollout.
Apple has showcased a revamp of Siri and Apple Intelligence, with a focus on AI integration across devices. Tim Cook has outlined leadership in consumer AI as developers and partners prepare for broader app support and monetization strategies.
The Trump administration has announced a deal in which Intel will design and build chips for Apple in the United States. The move is framed as strengthening domestic manufacturing and reducing reliance on overseas supply chains. Apple’s chip supply and Intel’s revival are central to evolving U.S. tech policy and market expectations.
Micron has reported blockbuster fiscal third-quarter results — $41.46bn revenue and $28.24bn net income — and has forecast roughly $50bn for the current quarter. The results have pushed Micron above a $1tn market value, restarted buying in memory stocks and have sharpened concerns that soaring AI data‑centre demand is forcing consumer electronics makers, including Apple, to prepare price increases.
Major device makers have raised prices and warned consumers after memory and storage costs have surged because AI data‑centre buildouts are buying up DRAM and flash. Apple has increased Mac and iPad prices; Microsoft, Sony and Nintendo have signalled or implemented console and hardware hikes. Analysts say shortages will persist into 2027.
Prices for Xbox consoles and various Apple devices have surged as AI-driven demand strains memory and storage components, pushing manufacturers to raise prices by hundreds of dollars. The trend affects consumers globally as memory costs double and memory shortages loom. The changes come as several publishers report price increases from Microsoft, Apple and others amid an AI infrastructure boom.
Apple has filed a federal lawsuit accusing OpenAI, its hardware arm io Products and two former Apple engineers of misappropriating confidential hardware designs, supplier details and manufacturing techniques to speed OpenAI’s push into consumer devices. Apple has asked the court for injunctions, return of materials and unspecified damages.
Chips used in AI data centers are squeezing memory supply and driving up RAM costs, impacting smartphones, laptops, and other devices. The trend is shifting production toward high-bandwidth memory, reducing capacity for consumer chips and pressuring prices across the tech sector.
Warren Buffett has redirected about $6 billion of Berkshire Hathaway stock away from the Bill & Melinda Gates Foundation to four family foundations and has accelerated plans to distribute his remaining Berkshire shares by Dec. 31, 2034. He has said he reviewed Bill Gates’s testimony about Jeffrey Epstein and has met Gates in Omaha since those documents were released.
Apple has filed a federal lawsuit alleging that OpenAI stole confidential trade secrets as it builds a hardware division, naming former Apple employees involved in the alleged misconduct. OpenAI denies the claims, stating it has no evidence of merit and remains focused on innovative technology.
Apple has overtaken Nvidia to claim the world’s most valuable company title again, after Nvidia’s market value declined by 3.5%. Apple sits at about $4.88 trillion while Nvidia hovers near $4.86 trillion. The shift marks a rare reordering in the AI-driven market, with Apple leveraging a refreshed Siri and services strategy as CEO Tim Cook prepares to hand over the reins later this year.
The Open Secure AI Alliance is forming to defend and advance open-weight AI. News outlets report on incidents where closed models failed to contain breaches and how open models enabled forensics. Regulators and industry players are weighing restrictions on Chinese models while emphasizing the defensive potential of open ecosystems.
xAI has filed a federal lawsuit challenging Minnesotas new law that will ban AI-generated non-consensual nude images, arguing the statute is overbroad, threatens protected speech and exposes platforms to $500,000 fines per violation. The law is due to take effect Saturday; Minnesota officials say they will defend it in court.
Big Tech’s AI investments are swelling capital expenditure and pressuring free cash flow. Alphabet, Meta and others are spending heavily on data centers and memory chips, while investors weigh the implications for profitability and future growth.
Apple warns it is scrambling to secure memory and other chips as AI-driven data center demand strains supply chains. Executives say shortages are limiting production of iPhones and Macs, with price pressures and questions over future growth, while rivals eye AI-powered chips for new leverage.