Apple faces rising memory costs as leadership changes
Apple reported record revenue of $111.2 billion, but incoming CEO John Ternus faces potential headwinds from rising memory chip costs and supply chain constraints.
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390 storiesApple Mac revenue hits $8.4 billion on AI-driven demand
Apple reported $8.4 billion in Mac revenue, a 6% increase, as unexpected demand for AI-capable hardware and the new MacBook Neo outpaced company predictions.
Rivian cuts DOE loan to $4.5B, targets 300,000-vehicle capacity
Rivian expects to borrow $4.5 billion from the US Department of Energy for its Georgia factory, while increasing initial production capacity to 300,000 vehicles.
Faraday Future paid $7.5M to founder-linked firm in 2025
Faraday Future paid around $7.5 million to an affiliate controlled by founder Jia Yueting in 2025, a year in which the startup delivered only four vehicles.
Salesforce is crowdsourcing its AI roadmap with customers
Salesforce is crowdsourcing its AI roadmap in real time with customers, though it remains unclear if this strategy will successfully drive long-term product development.
Meta’s business AI reaches 10 million weekly conversations
Meta’s business AI tools now facilitate about 10 million conversations per week, as the company prepares for a potential long-term monetization model.
Amazon beats earnings expectations as AWS cloud sales surge
Amazon beat Q1 earnings expectations as AWS sales grew 28%, though heavy infrastructure spending to support AI demand is currently pressuring the company's free cash flow.
Meta stock dips as AI infrastructure spending projections rise
Meta reported $26.8 billion in Q1 net income, but shares fell more than 5% as the company projected higher infrastructure spending and continued losses in Reality Labs.
Microsoft reports over 20 million paid enterprise Copilot seats
Microsoft reported over 20 million paid enterprise Copilot seats, with CEO Satya Nadella claiming user engagement has reached levels comparable to its core Outlook email product.
Alphabet adds 25 million paid subscriptions in Q1
Alphabet added 25 million paid subscriptions this quarter, reaching 350 million total, as the company navigates a strategic shift from ad-supported to subscription-based revenue.
Truecaller pivots monetization amid slowing user growth
Truecaller is facing slowing growth in its largest market, India, and increased competition, forcing the company to pivot its monetization strategy beyond advertising.
Amazon pivots podcast strategy to focus on commerce
Amazon has transformed its podcast business, reportedly cutting more than 100 Wondery jobs to pivot toward integrating audio content with commerce and celebrity-driven services.
Apple CEO Tim Cook to step down in September
Tim Cook will step down as Apple CEO in September after 15 years, with John Ternus set to take over as the company navigates global economic volatility.
Tesla earnings reveal need for hardware upgrades
Tesla reported $1.4 billion in free cash flow, but CEO Elon Musk admitted millions of vehicles will require physical hardware upgrades for future Full Self-Driving capabilities.
Storm Duncan offers Mill Valley home for Anthropic equity
Investment banker Storm Duncan is attempting to trade his 13-acre Mill Valley property for Anthropic equity, citing a desire to diversify his portfolio away from real estate.
X-energy IPO signals warming public market for climate tech
X-energy’s $1 billion Initial Public Offering (IPO) and Fervo’s filing suggest public markets appear to be warming to climate tech, driven by AI-related electricity demand.
X-energy shares jump 27% in Nasdaq debut
X-energy shares rose 27% in their Nasdaq debut, reaching an $11.5 billion valuation as investors appear optimistic about the startup's nuclear reactor technology.
X-energy raises $1 billion in IPO for modular nuclear reactors
X-energy raised $1 billion in its IPO, selling shares at $23 each, as the nuclear startup is expected to begin trading on the Nasdaq Exchange.
Bob Iger rejoins Thrive Capital as an advisor
Bob Iger is returning to Thrive Capital as an advisor, marking his second stint at the firm shortly after stepping down as Disney's CEO.
Redwood Materials cuts 10% of staff and loses COO
Redwood Materials is laying off around 10% of its workforce and restructuring its operations as COO Chris Lister retires and other key executives depart.