Alphabet sidesteps investor questions on Apple AI deal
Alphabet declined to discuss its Apple AI partnership during its latest earnings call, leaving investors without clarity on how the deal impacts its core business.
Monday, August 3, 2026
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Alphabet declined to discuss its Apple AI partnership during its latest earnings call, leaving investors without clarity on how the deal impacts its core business.
Google’s Gemini app reached 750 million monthly active users in fourth-quarter 2025, as parent company Alphabet surpassed $400 billion in annual revenue amid intense AI competition.
Uber has promoted Balaji Krishnamurthy to Chief Financial Officer (CFO), a move that may signal plans to expand its global autonomous vehicle investments.
Longevity expert Peter Attia has stepped down from David Protein after his name appeared in more than 1,700 documents related to convicted sex offender Jeffrey Epstein.
PayPal has appointed HP’s Enrique Lores as its new CEO, replacing Alex Chriss, following disappointing fourth-quarter financial results and a downward profit forecast.
Companies cited AI as the reason for more than 50,000 layoffs in 2025, though analysts suggest many lack mature AI applications and are using the term to mask financial struggles.
Amazon’s “Melania” documentary exceeded opening weekend expectations with $7.04 million, though the film is unlikely to turn a profit given its high acquisition and promotion costs.
Tesla is pivoting toward AI and robotics as annual profits fell 46%, while the company plans a $2 billion investment into Elon Musk’s xAI.
Elon Musk appears to be merging his ventures into a personal conglomerate, drawing comparisons to historical figures like Jack Welch and Gilded Age robber barons.
SpaceX is reportedly lining up four major banks for a potential 2026 IPO, a move that could signal a broader reopening of the public markets.
Ethos Technologies debuted on the Nasdaq, raising approximately $200 million, as the profitable insurtech platform is watched as a bellwether for the 2026 listing cycle.
Apple reported its best-ever iPhone quarter with $85 billion in sales, partially driven by surging demand in China and India and the popularity of the iPhone 17.
Apple reported $143.8 billion in quarterly revenue, but analysts are questioning the company's strategy for monetizing AI investments amid broader industry uncertainty.
Medium CEO Tony Stubblebine is allowing employees to take Friday off to participate in a nationwide general strike protesting ICE raids in U.S. cities.
Microsoft reported $81.3 billion in quarterly revenue, but shares dipped as investors questioned whether massive AI infrastructure spending will yield sufficient returns.
Tesla beat earnings estimates as its energy storage business grew significantly, helping offset a 45% profit decline in 2025 driven by lower electric vehicle sales.
Meta’s Reality Labs unit lost some $19.1 billion in 2025, prompting layoffs and a strategic pivot toward wearables as the company expects similar losses in 2026.
Microsoft reported $81.3 billion in quarterly revenue, bolstered by a $7.6 billion net income increase tied to its OpenAI investment and significant Azure commitments from AI partners.
Tesla’s profit fell 46% globally in 2025 as car sales declined for the second consecutive year, prompting a strategic pivot toward AI and energy investments.
Once Upon a Farm has resumed its IPO plans, targeting a $764.4 million valuation and an expected February 6 debut, which may signal a broader market thaw.