Business

ChatGPT's ad business hits $1 billion ... ChatGPT's ad business hits $1 billion in six months — now the EU wants a word OpenAI's advertising platform scaled faster than almost any ad business in history. Europe's regulators responded the same day it announced the milestone. yesterday
Phil Schiller steps down from App ... Phil Schiller steps down from App Store and Apple Events roles The longtime Apple executive leaves two high-profile jobs as new CEO John Ternus takes charge — and the App Store lands back with Eddy Cue. yesterday
Tim Cook steps down as Apple ... Tim Cook steps down as Apple CEO after 15 years — John Ternus takes over The hardware engineer who built the iPhone and Vision Pro now runs a $4 trillion company, inheriting regulatory battles and an AI strategy still under construction. Aug. 31, 2026, 9:24 p.m.
Nvidia pumps $3.5B into MediaTek to ... Nvidia pumps $3.5B into MediaTek to lock in its AI chip infrastructure The investment backs MediaTek's push into custom data center chips — but keeps cloud providers tied to Nvidia's NVLink interconnect standard. Aug. 31, 2026, 7:15 p.m.
Samsung locked up its memory supply ... Samsung locked up its memory supply until 2031 — and the price gap is staggering Microsoft, Google, and Nvidia secured HBM3E chips at $500–700 per stack. Everyone else pays $2,100. That gap is now structural, not temporary. Aug. 31, 2026, 5:41 p.m.
China's Automakers Are Betting Big on ... China's Automakers Are Betting Big on Humanoid Robots — and Beating Tesla to Market Xpeng just raised $900M for its IRON robot, BYD has unveiled its own humanoid, and US regulators are already slamming the door on imports. Aug. 30, 2026, 1:37 a.m.
OpenAI cuts off Cursor's access to ... OpenAI cuts off Cursor's access to its models after SpaceX acquisition The November 12 deadline leaves developers relying on GPT models scrambling—but only about 5% of Cursor users are affected, and alternatives are already in place. Aug. 30, 2026, 1:07 a.m.
Sony and Warner Sue Anthropic Over ... Sony and Warner Sue Anthropic Over AI Training Piracy The fourth major music copyright lawsuit against Anthropic in eight months seeks billions in statutory damages, hitting the same week a $1.5B settlement was approved. Aug. 30, 2026, 12:44 a.m.
NVIDIA's Revenue Soars to $96.2 Billion ... NVIDIA's Revenue Soars to $96.2 Billion in Q2, Data Centers Dominate with 92% Share NVIDIA received $96.2 billion in quarterly revenue and $59.7 billion in net profit. Data Center accounted for more than 92% of revenue, and GeForce is not mentioned in the report. Aug. 27, 2026, 11:31 a.m.
Waymo Plans Munich Robotaxi Launch by ... Waymo Plans Munich Robotaxi Launch by Late 2027 The self-driving company is setting up in Germany, but it still has no testing permits — and its London ambitions are already slipping. Aug. 26, 2026, 2:07 a.m.
Tesla's Solar Roof is done — ... Tesla's Solar Roof is done — a decade-long experiment quietly winds down Tesla has officially stopped taking new Solar Roof tile orders, shifting its home energy focus entirely to traditional rooftop solar panels. Aug. 22, 2026, 7:20 p.m.
Apple cuts 200 jobs as it ... Apple cuts 200 jobs as it pivots away from Vision Pro toward smart glasses and AI About 100 roles go from the Vision Pro team, including its gaming division. Another 100 come from Siri and Apple's AI software group. The company says new roles will follow. Aug. 22, 2026, 1:48 a.m.
Tesla and 10 other automakers recall ... Tesla and 10 other automakers recall 4.3 million cars in China over hidden door handles China is banning flush door handles from 2027, requiring mechanical backups. The US is still years away from any similar rule. Aug. 22, 2026, 12:36 a.m.
Apple's September event date confirmed: iPhone ... Apple's September event date confirmed: iPhone 16, Watch Series 10, and more An insider has pinned the Apple fall event to September 9, 2024 — here's what's actually expected to show up, and what isn't. Aug. 20, 2026, 7:42 p.m.
LG's $4.3B Michigan factory will power ... LG's $4.3B Michigan factory will power Tesla's Megapack 3 — and cut China out of the loop LG Energy Solution has launched LFP battery production at its Lansing plant, securing a three-year supply deal with Tesla worth $4.3 billion that starts delivering at scale in 2027. Aug. 19, 2026, 5:23 p.m.
Samsung SDI takes full control of ... Samsung SDI takes full control of its Indiana battery plant as GM walks away from EVs Samsung SDI bought out GM's stake in their joint $3.5 billion Indiana factory, pivoting the plant from EV cells to grid energy storage as US electric car demand slows. Aug. 18, 2026, 1:08 p.m.
China's Bank of China is lending ... China's Bank of China is lending money based on AI token usage A pilot scheme in Guangzhou uses token consumption as a creditworthiness metric — something no Western bank has tried and no regulator has addressed. Aug. 17, 2026, 4:25 p.m.
Sony wants its own Mario and ... Sony wants its own Mario and Hello Kitty — meet Nemu, the anxious bear Sony has built a dedicated mascot team targeting ¥10 billion a year in merchandise revenue by 2030, with a sleep-deprived bear leading the charge over fan favourite Astro Bot. Aug. 17, 2026, 3:46 p.m.
Stripe acquires AI model gateway OpenRouter ... Stripe acquires AI model gateway OpenRouter for over $7 billion The payments giant's biggest bet yet on AI infrastructure gives it a single API routing layer across 500+ models — and a new edge over fintech rivals. Aug. 17, 2026, 3:21 a.m.
SpaceX closes $60B Cursor deal, locking ... SpaceX closes $60B Cursor deal, locking the top AI coding tool into Musk's orbit The acquisition gives Cursor access to what it calls the world's largest GPU fleet — and raises fresh questions about competition and data in the AI coding market. Aug. 17, 2026, 1:03 a.m.
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