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Apple Cuts Hardware Engineering Staff to Speed Up Development Under Ternus
Apple is trimming parts of its hardware engineering group to move faster. According to Mark Gurman, John Ternus is preparing a leaner, quicker structure for the whole company.
Bloomberg: AI Boom Has Pushed Global Trade Imbalances to Their Widest Since 2008
Bloomberg Originals links the concentration of capital around AI to trade imbalances the world hasn't seen since the 2008 crisis. We break down the mechanics and what to watch.
Union Square Ventures Raises $900M and Cuts Its Partnership to Four
New York's Union Square Ventures has nearly doubled its core fund: $900M in new capital, $500M of it for early-stage deals. Four partners remain.
PIMCO, Goldman Sachs and Barclays Discuss Who Will Pay for AI Capex
At Bloomberg Future of Fixed Income 2026 in New York, analysts from PIMCO, Goldman Sachs and Barclays discussed how credit markets will fund AI investment.
Bloomberg: Apple's Top Executives Don't Use the $3499 Vision Pro as Meta Pulls Ahead
Mark Gurman said on the Power On podcast that even Apple's top executives don't wear the heavy, expensive Vision Pro. Meta is betting on cheap headsets and smart glasses.
Apple schedules smart home event in New York for October 13
Apple has confirmed that it will unveil new smart home products in New York on October 13. What it will show, and what role Siri will play, is not yet known.
Ternus Reshapes Apple as Gurman Rates Meta's $1299 VR Headset Above Vision Pro
A month after John Ternus took over, Apple is preparing to get "leaner," and more layoffs are possible. Mark Gurman calls Meta's $1299 VR headset what Vision Pro should have been.
Washington suspends visa program for Microsoft and other tech companies
The Trump administration has frozen an immigration program for several tech companies, including Microsoft. Samsung and TSMC reported growth, but investors doubt the AI boom will last.
Apple names Steve Smith head of M&A and moves Adrian Perica to services
Under new CEO John Ternus, Apple is changing its M&A chief: Steve Smith replaces Adrian Perica, who moves to services. AI deals now wait on the new head.
Google employees urge Sundar Pichai to rule out classified military AI work
Hundreds of AI researchers at Google signed a letter asking Sundar Pichai to keep the company's models away from classified tasks and US defense missions.
Why the AI backlash is growing — and what the attack on Sam Altman's home revealed
The attack on Sam Altman's home pushed distrust of AI beyond tech debates: fears over safety, power, and jobs are hardening.
OpenAI sued after Canada shooting as victims' families blame ChatGPT
Families of victims of the Tumbler Ridge shooting have filed new lawsuits against OpenAI, claiming the company could have stopped the suspect from using ChatGPT before the attack.
Google Allows the Pentagon to Use Its AI Systems for Classified Military Work
Google has struck a deal with the US Department of Defense that permits its AI systems in classified military projects, amid internal protest from some of its researchers.
Bloomberg Tech: How AI is reshaping the battlefield and setting off an autonomous arms race
Bloomberg Tech: Asia looks at how AI turns war into a contest of algorithms, sensors and autonomous systems, and sharpens the debate over control, accountability and error.
Palantir CTO calls Iran war the first major conflict with AI at its center
Palantir's CTO says the war in Iran is the first major conflict where AI is not a support tool but one of the key factors shaping the fighting.
Halter raises $220M to take its smart cow collars global
New Zealand's Halter has raised $220M to put its smart cow collars on more farms and ranches, turning a niche agtech product into a global business.
Pentagon looks for an Anthropic replacement after clash over limits on military use of Claude
The Pentagon has begun replacing Anthropic tools after a dispute over military limits on Claude, deploying several LLMs in its own environments and preparing a fast switch.
Anthropic-Pentagon clash rattles the AI market, with industry bracing for a chilling effect
After Anthropic's talks with the Pentagon collapsed, parts of the industry fear the government's hard-line response will scare AI companies away from defense contracts and public red lines.
Palantir prepares to support other AI models after Anthropic's clash with the Pentagon
Palantir may move beyond Anthropic: as the startup's dispute with the Pentagon continues, the company is preparing support for other large language models in its defense products.
Apple hid Siri's new interface in a WWDC teaser, while a memory shortage slows new Macs
Ahead of WWDC 2026, Apple has hinted at a new Siri interface in the Dynamic Island, Bloomberg reports, while a global memory shortage may delay the Mac Studio and touchscreen MacBook Pro.
Apple tests smart glasses in four styles with oval cameras and stays on course for a foldable iPhone
Apple is testing several display-free smart glasses designs with oval cameras and tight iPhone integration, while still planning to unveil its first foldable iPhone in September.
Saronic raises $1.75 billion to build uncrewed autonomous warships
Startup Saronic has raised $1.75 billion to scale production of uncrewed autonomous warships as investor interest in defense tech climbs fast.
FERC Criticizes US Tech Giants for Weak Engagement on Grid Planning for Data Centers
FERC's chair has rebuked US tech giants: as data centers demand ever more electricity, the companies engage too little with the power-grid regulator.
New West Data Weighs a US Listing to Pivot Into High-Performance Computing
Canadian energy and bitcoin-mining company New West Data is considering a US IPO to raise money for a move into more powerful computing infrastructure.
Anduril starts building Fury drone fighters at its new Ohio factory
Anduril has started building Fury drone fighters at its Arsenal-1 plant in Ohio. The first aircraft are due off the line in summer 2026, and the company then wants to ramp up quickly.
Meta grants executive stock options for the first time since its 2012 IPO as the AI race heats up
For the first time since going public in 2012, Meta is offering stock options to top executives, trying to retain its key team as AI spending keeps climbing. *Meta has been designated an extremist organization and is ba
IBM CEO: $11 billion Confluent deal is closed, and AI isn't shrinking the workforce
Arvind Krishna says IBM has closed its $11 billion Confluent purchase and that AI is driving growth without, so far, causing net job cuts.
DayOne seeks to expand loan to record $7 billion for Asian data centers
DayOne Data Centers is in talks to expand an existing loan to $7 billion. If the deal goes through, it would be the largest loan ever for Asia's data center sector.
Morgan Stanley: Private Credit Defaults Increasingly Hit Software Companies
Morgan Stanley reports rising private credit defaults among software companies. A market long seen as stable thanks to subscription revenue is cracking under the AI shift.
Blackwater founder's Swarmer goes public, will spend IPO proceeds on maritime drone engineers
Blackwater founder Erik Prince has taken Swarmer, a combat-tested drone swarm startup, public. The proceeds will fund engineering hires for its uncrewed maritime business.