AI

Multiple sources say Anthropic is raising a new funding round at a potential valuation exceeding $900 billion, with the deal possibly closing within two weeks.

On day four of the Musk v. Altman trial, Elon Musk admitted he did not read the fine print when signing documents related to OpenAI’s transition from nonprofit to for-profit status.

Apple acknowledges that Mac Mini and Mac Studio desktops are facing severe supply shortages driven by unexpected AI demand, with consumers facing wait times of several months.

Apple reports Q1 2026 revenue of $111 billion, up 17% year-over-year, with China sales surging 28%. Cook calls iPhone 17 the ‘most popular launch in Apple’s history’ as he prepares to hand over the CEO role to John Ternus in September.

Apple reported Q1 revenue of $111bn, up 17% year-on-year, with China sales growing 28%. Outgoing CEO Tim Cook called iPhone demand ’extraordinary,’ setting a quarterly sales record.

Anthropic has received multiple preemptive offers to raise approximately $50 billion at a valuation of $850-900 billion, potentially its final private round before an IPO.

BBC reports that AI technology is helping doctors detect previously missed sperm in semen samples from men diagnosed with azoospermia, bringing new hope to millions of infertile men worldwide.

Bloomberg reports that US tech giants’ AI-related spending is projected to exceed $700 billion in 2026, setting a new record as the global AI race continues to accelerate.

Nvidia’s venture arm NVentures has invested in Swedish AI legal tech startup Legora, valuing the company at $5.6 billion — marking the chip giant’s first major move into the legal AI sector.

Alphabet reports Q1 2026 results beating expectations, with Google Cloud revenue up 63% year-over-year. The company raises its 2026 capital expenditure guidance to $190 billion and expects to ‘significantly increase’ spending in 2027.