Apple's Next CEO Is the Engineer Who Built Its Chips
Tim Cook becomes executive chairman and John Ternus, the hardware engineer behind Apple Silicon, takes the CEO role on September 1 - a clear bet that chips beat software in the AI race.
Articles Tagged "AI Industry"
DeepSeek V4 Hits Frontier Benchmarks at One Tenth the Price
DeepSeek releases V4 Flash and V4 Pro with frontier-class benchmarks at prices 7-9x below OpenAI and Anthropic, built entirely on Huawei Ascend chips.
Bezos's Physical AI Lab Hits $38B After $10B Round
Project Prometheus has closed a $10 billion funding round at a $38 billion valuation, with BlackRock and JPMorgan backing Bezos's bet on physical AI for industry.
Deezer: 44% of New Music Uploads Are AI-Generated
Deezer now receives 75,000 AI-generated tracks a day, 44% of all new uploads, while AI music accounts for just 1-3% of total streams and 85% of those are flagged as fraud.
AI Labs Are Losing Billions - Here's Who Really Pays
OpenAI burned $2.5B in cash on $4.3B of revenue in the first half of 2025. Anthropic cut its gross margin forecast from 50% to 40%. Here's the compute subsidy math behind every AI subscription, and who's actually paying for it.
Anthropic Passes OpenAI in Revenue at $30B ARR
Anthropic's annualized revenue crossed $30 billion in April 2026, topping OpenAI's $24 billion run rate and marking the first time a rival has outpaced OpenAI in the generative AI race.
Stanford 2026 AI Index - Cash In, Transparency Out
Stanford's 2026 AI Index shows global investment hitting $581B in 2025, while foundation model transparency scores fell by a third as capabilities raced ahead of governance.
xAI 'Not Built Right' - Nine Co-Founders Gone
Elon Musk admitted xAI was built incorrectly as nine of eleven co-founders have departed and two Cursor engineers are brought in to restart Grok's coding tools.
ByteDance Halts Seedance 2.0 Over Hollywood IP Fight
ByteDance suspended the global launch of its AI video model Seedance 2.0 after Disney, Paramount Skydance, and other studios sent cease-and-desist letters alleging copyright infringement.
Google VP Says Two Types of AI Startups Are Running Out of Time
Google's head of global startups warns that LLM wrapper companies and AI aggregators face extinction as margins collapse and Big Tech absorbs their features.
Anthropic Opens $6 Billion Employee Share Sale at $350 Billion - The Quiet Pre-IPO Signal
Anthropic launches a $5-6 billion employee share sale at a $350 billion valuation, just 11 days after closing a record $30 billion Series G. The move signals an IPO is closer than the company admits.
IBM Shares Plunge 11% as Anthropic's Claude Code Threatens Its COBOL Empire
IBM suffers its worst single-day drop in years after Anthropic announces Claude Code can automate COBOL modernization. Combined with Trump's 15% global tariff and DOGE contract cancellations, IBM is down 26% in February.
