Apple CEO Tim Cook to step down after 15 years
Tim Cook will step down as Apple CEO on September 1, 2026, with hardware engineering chief John Ternus set to take over the $4 trillion company.
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458 storiesJohn Ternus faces a complex transition as Apple's new CEO
Incoming CEO John Ternus inherits a complex landscape at Apple, including antitrust litigation, geopolitical tensions, and the unresolved challenge of integrating AI into the company's ecosystem.
Amazon taps Einride to electrify heavy-duty freight operations
Einride is deploying 75 electric heavy-duty trucks and charging infrastructure to Amazon’s Relay freight network in the United States, managed by its Saga AI software.
Revolut targets $150B-$200B valuation for eventual IPO
Revolut is reportedly targeting a market cap of up to $200 billion for an eventual IPO, with a secondary share sale planned for the second half of 2026.
Apple names John Ternus as next CEO starting September 1
Tim Cook will hand off the Apple CEO role to John Ternus, the company’s current senior vice president of hardware engineering, starting on September 1.
Apple CEO Tim Cook to step down, John Ternus named successor
Tim Cook will step down as Apple CEO on September 1, with hardware engineering chief John Ternus taking the top role as Cook transitions to executive chairman.
Fusion startups face divide over early public market entry
TAE Technologies and General Fusion are pursuing public listings, sparking industry debate over whether fusion startups should go public before achieving key scientific milestones.
Ron Conway to reduce activity following cancer diagnosis
Ron Conway has been diagnosed with a rare form of cancer and will reduce his activities, though SV Angel operations will continue unchanged under his sons' leadership.
Cerebras Systems files for IPO after previous attempt withdrawn
Cerebras Systems has filed for an IPO planned for mid-May, following a previous attempt withdrawn due to a federal review of an investment from Abu Dhabi-based G42.
Airwallex and Stripe are now direct competitors
Airwallex, which rejected a $1.2 billion acquisition offer from Stripe, is now scaling its infrastructure to compete directly with the payments giant across 50 markets.
Netflix reports strong growth as Reed Hastings exits board
Netflix co-founder Reed Hastings will leave the board in June as the company reports strong financial growth and an expansion into generative AI.
Amazon-backed X-energy files for IPO to raise up to $800 million
X-energy has begun its investor roadshow for an IPO, targeting a listing that could net about $814 million if priced at the high end.
Ford reorganizes leadership as EV chief Doug Field exits
Ford EV and technology chief Doug Field is leaving the automaker as the company reorganizes its leadership to pursue ambitious 2029 profit and portfolio refresh targets.
Hightouch hits $100M ARR with AI-powered marketing tools
Marketing startup Hightouch has reached $100 million in annualized recurring revenue, fueled by its AI-powered tools that help brands generate consistent, personalized content.
Airwallex enters in-person payments to challenge Stripe and Square
Airwallex is launching a point-of-sale product to enable global in-person payments, aiming to compete with Stripe and Square by leveraging its own international payment infrastructure.
Snap to lay off 16% of workforce amid AI pivot
Snap is laying off roughly 16% of its global workforce, impacting around 1,000 employees, as it pivots toward profitable growth and leverages AI to reduce costs.
Anthropic’s rapid growth puts pressure on OpenAI valuation
Some investors are questioning OpenAI’s $852 billion valuation as competitor Anthropic sees rapid revenue growth and strong secondary market demand.
Lucid Motors names Silvio Napoli as CEO, secures new funding
Lucid Motors appointed Silvio Napoli as CEO and secured new funding from Uber and the Saudi Arabian Public Investment Fund to support its vehicle production.
Inertia Enterprises partners with LLNL to commercialize fusion power
Inertia Enterprises has signed three agreements with Lawrence Livermore National Laboratory to commercialize laser-based fusion technology, which could give the startup a competitive edge over rivals.
Ascend Elements files for Chapter 11 bankruptcy
Ascend Elements has filed for Chapter 11 bankruptcy after facing insurmountable financial challenges, likely compounded by the cancellation of a $316 million government grant.