After 15 years and a 1,000% stock gain, Tim Cook is stepping down as Apple CEO on September 1. His successor, hardware chief John Ternus, inherits a $4 trillion empire and Apple's biggest strategic bet: that AI will live on your device, not in someone else's cloud.
Chinese PCB maker Victory Giant Technology surges 60% in Hong Kong's biggest IPO of 2026, raising $2.57 billion…
Tesla's Q1 2026 earnings beat on margins but missed on deliveries. Then Elon Musk revealed a $25 billion…
Stocks, indices, and the macro tape
Trump's Fed chair nominee told the Senate Banking Committee he plans to overhaul the…
Netflix crushed Q1 earnings expectations, then dropped 9% after Reed Hastings announced he would…
TSMC reported a 58% year-over-year profit increase in Q1 2026, with AI and high-performance…
The U.S. Navy seized an Iranian cargo ship in the Gulf of Oman as…
The race to build — and regulate — intelligent machines
Nine weeks after launching its first ad, OpenAI has rolled out cost-per-click pricing, onboarded 600 brands, and is building a self-serve ads manager for ChatGPT. CPMs have crashed…
Product, platform, and the shape of the Internet
Anthropic launched Project Glasswing, an industry consortium deploying its unreleased Claude Mythos Preview model…
Meta expanded its CoreWeave partnership by $21 billion to a total of $35 billion…
Mark Zuckerberg spent $14 billion to bring Alexandr Wang in-house last summer. On Wednesday,…
SpaceX has filed confidentially for what would be the largest IPO in history, targeting…
Intel is repurchasing Apollo's 49% stake in Fab 34, its advanced chip fabrication facility…
Solana-based DeFi trading platform Drift Protocol suffered a catastrophic exploit on April 1, with…
Deals, earnings, and corporate strategy
OpenAI's leaked investor memos accuse Anthropic of inflating revenue by $8 billion and building on "fear and restriction." With both companies valued at over $1 trillion and IPOs…
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Open the Tape →Arguments, essays, and deep dives
Futures traders have pushed the probability of a Federal Reserve rate increase by year-end to 52%, the first time it has crossed the 50% threshold. Six months ago, the consensus…
Digital assets, tokenization, and the on-chain economy
Regulation, geopolitics, and capital in Washington
Data centers, chips, and the plumbing of AI
The tech industry just had its worst quarter for jobs since the dot-com crash.…
Oracle has begun cutting up to 30,000 employees, roughly 18.5% of its global workforce,…
French AI startup Mistral just completed its first major debt raise, $830 million backed…
Jensen Huang takes the stage at GTC 2026 with 30,000 attendees watching. The Vera…
Advanced Micro Devices just got the kind of validation that money can’t buy. Except…
Amazon's $8 billion investment in Anthropic has evolved from a perceived desperation play into…
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