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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 Call on Sundar Pichai to Reject Secret Military AI Projects
Hundreds of AI researchers at Google signed a letter to Sundar Pichai demanding that the company's models not be used for classified tasks and U.S. defense missions.
Why AI Resistance Is Growing and What the Attack on Sam Altman's Home Revealed
Following the attack on Sam Altman's home, the conversation about AI distrust has transcended technology debates: fears around safety, power, and employment are intensifying.
OpenAI sued after shooting in Canada: victims' families blame ChatGPT
Families of victims from the Tumbler Ridge shooting filed new lawsuits against OpenAI, claiming the company could have prevented the suspect from using ChatGPT before the attack.
Google Permits Pentagon to Use Its AI Systems in Secret Military Tasks
Google has signed an agreement with the US Department of Defense and allowed the use of its AI systems in classified military projects — amid internal protests from some of the company's researchers.
Bloomberg Tech: How AI Changes the Battlefield and Launches an Autonomous Weapons Race
Bloomberg Tech: Asia shows how AI transforms war into a competition of algorithms, sensors, and autonomous systems, while intensifying debates over control, accountability, and the risk of errors.
Palantir CTO Names Iran War First Major Conflict With Central Role of AI
Palantir's Chief Technology Officer believes the Iran war is the first major conflict where artificial intelligence became not a supplementary tool, but one of the key factors of war.
Halter raised $220M for global expansion of smart collars for cattle
New Zealand-based Halter secured $220M to expand its smart collars for cattle to more farms and ranches worldwide, transforming niche agritech into a global business.
Pentagon Seeks Anthropic Replacement Over Military Use Restrictions on Claude
Pentagon began replacing Anthropic tools after dispute over military restrictions on Claude: the department is implementing multiple LLMs into its systems and preparing rapid transition.
Anthropic-Pentagon conflict unnerves the AI market: industry expects a chilling effect
After Anthropic's talks with the Pentagon broke down, part of the industry fears that a hardline government response will deter AI companies from defense contracts and from drawing public red lines.
Palantir prepares support for other AI models after Anthropic's dispute with the Pentagon
Palantir may move beyond Anthropic: amid the startup's dispute with the Pentagon, the company is preparing support for other large language models for its defense products.
Apple hid a new Siri interface in a WWDC teaser, while memory shortages are slowing new Macs
Ahead of WWDC 2026, Apple, according to Bloomberg, hinted at a new Siri interface in the Dynamic Island, while a global memory shortage could push back the launches of the Mac Studio and touch-screen MacBook Pro.
Apple tests smart glasses in four styles with oval cameras and sticks to plans for a foldable iPhone
Apple is testing several versions of smart glasses without a display, with oval cameras and tight integration with iPhone, while the first foldable iPhone is still planned for a September unveiling.
Saronic raised $1.75 billion to produce autonomous unmanned military ships
Startup Saronic raised $1.75 billion to increase production of autonomous unmanned military ships amid rapidly growing investor interest in defense tech.
FERC criticized US tech giants over weak dialogue on power grids for data centers
The head of FERC rebuked US tech giants: as data centers' electricity demand rises, companies are doing too little to engage with the power system regulator.
New West Data explores a US listing to pivot to high-performance computing
Canada's New West Data, which combines energy production and bitcoin mining, is considering a US IPO to raise money for a shift to more powerful computing infrastructure.
Anduril starts production of Fury unmanned fighter jets at new Ohio plant
Anduril has begun producing Fury unmanned fighter jets at the Arsenal-1 plant in Ohio: the first aircraft are expected to roll off the line in summer 2026, after which the company wants to ramp up output quickly.
Meta offers stock options to top executives for the first time since its 2012 IPO amid the AI race
For the first time since going public in 2012, Meta is offering stock options to top executives as it tries to retain its core team while spending on AI development keeps rising.
IBM CEO: $11 billion Confluent deal is complete, and AI is not cutting headcount
Arvind Krishna said IBM has closed its $11 billion acquisition of Confluent, and that the development of AI is helping the business grow and so far is not leading to net workforce reductions.
DayOne seeks to increase its loan to a record $7 billion for data centers in Asia
DayOne Data Centers is discussing increasing its existing loan to $7 billion — if the deal goes through, it would be the largest loan in Asia's data center sector.
Morgan Stanley: defaults in private credit are increasingly hitting software companies
Morgan Stanley is recording a rise in private credit defaults among software companies: a market long seen as resilient thanks to subscription revenue has started to crack under pressure from the AI shift.
Blackwater founder's Swarmer goes public; funds to hire marine drone engineers
Eric Prince, founder of Blackwater, has taken Swarmer public — a startup with combat experience in managing drone swarms. The proceeds will go toward hiring engineers for its marine unmanned systems division.