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Apple names John Ternus CEO, Tim Cook to become Executive Chairman
Apple announced on April 21, 2026, that CEO Tim Cook will step down effective September 1, 2026. Cook will transition to executive chairman of the board after...
Amazon invests $25B in Anthropic, securing $100B cloud deal
Amazon is investing an initial $5 billion in AI research firm Anthropic. The total investment could eventually reach $25 billion. This strategic partnership...
Amazon lands $100B Anthropic deal, fueling JP Morgan S&P 500 upgrade
Amazon and Anthropic finalized a deal worth over $100 billion in cloud computing spending. Anthropic will use Amazon Web Services (AWS) for its computing...
Apple Names John Ternus CEO, Transitioning Tim Cook to Executive Chairman
Apple CEO Tim Cook will transition to the role of Executive Chairman on September 1, 2026. John Ternus, currently Senior Vice President of Hardware...
Musk taps Intel for Terafab AI factory, sending Intel stock up 50%
Elon Musk is accelerating the Terafab project, a vertically integrated AI chip factory. This facility will supply hardware to Tesla, SpaceX, and xAI. Intel...
Musk Taps Intel for Terafab AI Factory, Sending Intel Stock Up 50%
Elon Musk is accelerating the Terafab project, a vertically integrated AI chip factory. The facility will supply hardware to Tesla, SpaceX, and xAI. An...
Anthropic launches Claude Design, sending Adobe and Figma valuations lower
Anthropic released Claude Design, an AI-powered workspace for generating prototypes, presentations, and marketing materials. The tool utilizes the new Opus 4.7...
OpenAI commits $20 billion to Cerebras, challenging Nvidia’s chip dominance
OpenAI agreed to spend more than $20 billion over three years on AI servers from chip startup Cerebras Systems. The agreement includes a potential equity stake...
Meta to Launch Major Layoffs May 20, Seeking Operational Efficiency
Meta will begin a significant wave of layoffs starting May 20. The company is reducing its workforce to reassess growth strategies and operational...
Netflix Plunges 10%, Driven by Soft Guidance and Hastings Exit
Netflix (NFLX) shares fell more than 10% on Friday. The company reported first-quarter earnings per share of $1.23, beating the $0.79 forecast. Management...
Anthropic warns White House on Mythos AI, citing cybersecurity risks
Anthropic CEO Dario Amodei meets White House Chief of Staff Susie Wiles today, April 17. They will discuss the national security implications of the company’s...
Meta extends Broadcom AI chip deal, joining $600B custom silicon race
Meta Platforms and Broadcom extended their partnership to develop custom AI chips through 2029. The collaboration focuses on Meta’s Training and Inference...
Anthropic explores custom AI chips, seeking lower costs and better performance
Anthropic is exploring the design of custom chips to power its future artificial intelligence models. Reuters first reported that the company is in the early...
Meta Extends Broadcom Chip Deal Through 2029, Fueling $135B AI Push
Meta Platforms and Broadcom extended their strategic partnership to develop custom AI chips through 2029. The collaboration focuses on specialized processors...
TSMC Profits Soar 58% on AI Demand, Boosts Annual Revenue Forecast
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record first-quarter net profit increase of 58% year-over-year. Gross margins reached a record high of...
Anthropic provides Mythos AI to federal agencies, strengthening national cybersecurity
The U.S. government is preparing to deploy Anthropic’s Mythos artificial intelligence model across major federal agencies. A memo reviewed by Bloomberg News...
TSMC Raises 2026 Revenue Forecast Above 30%, Citing Surging AI Demand
Taiwan Semiconductor Manufacturing Co (TSMC) raised its 2026 revenue growth forecast to above 30%. This projection increases the 25% growth estimate issued...
TSMC Profit Surges 58% on AI Boom, Lifting 2026 Revenue Forecast
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record first-quarter net profit of NT$572.48 billion. This 58% increase significantly exceeded analyst...
TSMC tops profit estimates, hikes 2026 outlook on surging AI demand
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a first-quarter net income of NT$572.5 billion ($18 billion). This result surpassed analyst estimates of...
TSMC Hits Record Q1 Profit, Fueled by Nvidia and Apple AI Orders
TSMC reported record first-quarter revenue and profit that exceeded analyst expectations. Relentless demand for advanced artificial intelligence chips drove...