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.
Nine weeks after launching its first ad, OpenAI has rolled out cost-per-click pricing, onboarded 600 brands, and is…
Cursor is raising more than $2 billion at north of $50 billion, doubling its valuation in six months…
Stocks, indices, and the macro tape
Anthropic launched Claude Design on April 17 and Figma shares fell as much as…
Iran reversed its Hormuz reopening within 24 hours on Saturday, firing on tankers off…
Iran declared the Strait of Hormuz completely open for the remainder of the ceasefire.…
Stocks hit fresh records and Brent crude sank more than 10% after Iran declared…
The race to build — and regulate — intelligent machines
Kevin Weil, Bill Peebles, and Srinivas Narayanan all exited OpenAI on the same day. Sora is dead. The consumer-moonshot era at OpenAI is ending and the enterprise-margin era…
Product, platform, and the shape of the Internet
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…
French AI startup Mistral just completed its first major debt raise, $830 million backed…
A federal judge in San Francisco granted Anthropic a preliminary injunction against the Trump…
Deals, earnings, and corporate strategy
Consumer prices jumped 3.3% year-over-year in March, the highest since May 2024, as the Iran war drove energy costs up 12.5% and gasoline surged 18.9%. The 0.9% monthly…
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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.…
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…
Elon Musk combines SpaceX and xAI in a $1.25 trillion deal that dwarfs every…
The headline sounds like a punchline: top engineers at Anthropic and OpenAI say AI…
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