As Tim Cook steps down, Apple hit record sales — but a chip shortage looms
Cook warned that Apple is facing supply chain headwinds from RAMaggedon that could impact its business.
Tech
Y Combinator alum Skio sells for $105M cash, only raised $8M, founder says
Subscription billing fintech Skio sold to its competitor Recharge in what was a healthy exit, according to its founder and former CEO.
Sources: Anthropic potential $900B+ valuation round could happen within 2 weeks
Anthropic is asking investors to submit allocations for the AI company’s latest fundraise within the next 48 hours, according to sources familiar with the matter.
The craziest part of Musk v. Altman happened while the jury was out of the room
Okay, I am not a lawyer so I only understood about half of what just happened. But I am fairly sure, given the context, that Elon Musk’s lawyers may have just fucked up big. Jared “James Brickhouse” Birchall, Musk’s finance guy and all-around fixer, took the stand after Musk today. Most of his testimony was […]
Apple was surprised by AI-driven demand for Macs
Apple said it will be supply-constrained on Mac mini, Studio, and Neo in the next quarter, too.
Roblox’s daily users continue to drop as age-checks slow growth
Roblox’s daily active users continued to slip last quarter due in part to its rollout of age checks on its platform. According to its latest earnings report, Roblox currently has 132 million daily active users globally, down from 144 million at the end of last year, which was a drop from 152 million in Q3 […]
Congress keeps kicking surveillance reform down the road
Congress has reauthorized Section 702 of the Foreign Intelligence Surveillance Act – but only for another 45 days. The extension is meant to give legislators more time to negotiate reforms to the controversial wiretapping bill. If the past few weeks are any indication of how future debates will go, however, we’re in for a bumpy […]
Apple’s iPhone revenue jumps to $57 billion despite chip shortages
Apple’s iPhone revenue jumped 22 percent to $57 billion over the past few months, despite supply chain issues impacting the device’s processor. In an interview with Reuters, Apple CEO Tim Cook said iPhone “demand was off the charts,” but there’s “a little less flexibility at the moment for getting more parts.” Cook added during an […]
Legal AI startup Legora hits $5.6 valuation and its battle with Harvey just got hotter
The two wildly fast-growing rivals have raised massive sums, pushed into each other’s home turf and now have dueling ad campaigns.
Rivian downsizes its goals for its EV factory in Georgia
Rivian announced some changes today with regard to the factory its building in the state of Georgia. The company was planning to build the facility in two phases, each resulting in 200,000 vehicles of annual production capacity, for a total of 400,000 units. Now the company says it is only planning for 300,000 units of […]