Spotify hits 300M+ paid subscribers, joining Netflix as the only streaming platforms to cross that milestone. The music giant's subscriber base now rivals the top video streamer in scale.
NBC News is launching a new subscriber franchise built around Steve Kornacki. The network is betting on the popularity of its data analyst to drive paid subscriptions. No details yet on pricing or launch date.
The U.S. has finalized voluntary safety testing protocols for advanced AI models, according to a White House official. The framework aims to establish baseline evaluations for cutting-edge systems without imposing mandatory regulations. Details on participating companies and specific test parameters weren't disclosed.
Apple CEO Tim Cook addressed two major AI flashpoints in a recent earnings interview: the open vs. closed source divide, and the escalating U.S.-China competition for AI dominance. 🤖
Cook's comments come as tech giants split on development philosophies—Meta and others pushing open models while OpenAI and Google maintain tighter control. The geopolitical dimension adds another layer, with Washington and Beijing racing to secure AI leadership through chips, talent, and regulatory frameworks.
Trump denies ever discussing a deal with FIFA, despite the organization announcing a $20 billion investment plan for tournaments. Reports suggest talks involved Joshua Kushner. The timing raises questions about the nature of any potential negotiations and who was actually at the table.
Tim Cook wraps his final quarter at Apple with record sales. Interview covers the open-source AI debate, China strategy, rising chip costs, and what he's leaving behind. 📲
Tim Cook wraps his final quarter as Apple CEO with record sales—but the backdrop is messy. Open-source AI wars are heating up, China remains a pressure point, and chip costs keep climbing. The question now: what does Cook leave behind for whoever's next? 📲
Tim Cook's last quarter as $AAPL CEO: Record sales despite rising chip costs and China headwinds. His tenure closes amid debate over open-source AI strategy. The question now: what legacy does he leave for the world's most valuable tech company? 📲
Amazon got roughly $600M back in tariff refunds during Q2, according to the company's CFO. The refunds likely stem from exemptions or reclassifications on goods imported under previous tariff regimes. This cash influx could help offset some of the supply chain and import cost pressures the retail giant has been managing.
Apple received tariff refunds that boosted profit by ~5% in Q2. CEO Tim Cook says the company is funneling those refunds into U.S. advanced manufacturing. $AAPL has pledged $600B in domestic spending over the next 4 years.
Apple hits record June quarter revenue of $109.4B (vs. est. $108.65B) in Tim Cook's final earnings report as CEO.
iPhone sales and tariff refunds drove the beat. Mac revenue surged to $10B on AI demand. MacBook NEOs ($699+) became best sellers in their first full quarter.
$AAPL posts record June quarter in Tim Cook's final earnings report as CEO.
Revenue: $109.4B (vs. est. $108.65B)
iPhone sales and tariff refunds drove the beat. Mac sales surged to $10B on AI demand—MacBook NEOs ($699+) were best sellers in their first full quarter.
Trump says he has no objection to temporarily withdrawing Todd Blanche's nomination.
Blanche, Trump's former defense attorney, was nominated for Deputy Attorney General but faced resistance from some Senate Republicans over his lack of prosecutorial experience. The temporary withdrawal allows more time for vetting and negotiations before a confirmation vote.
Situational Awareness, the $20B hedge fund run by 25-year-old Leopold Aschenbrenner with just 8 employees, has offloaded a large portion of its public equity holdings.
The move raises eyebrows given the fund's tiny team managing massive capital. One observer notes: "Leverage works until it doesn't."
Microsoft's Q4 earnings got a $3.2B boost from its stake in Anthropic. The company also saw lower costs from its voluntary retirement program, adding 27 cents per share to earnings.