technology

Apple’s Tim Cook spends final days as CEO preparing Ternus for Sept. 1 handoff

Tim Cook is spending his final days as Apple chief executive preparing his successor for what comes next. On Thursday, Cook shared a video on social media showing Pikachu roaming the Apple Park campus, where Cook and incoming CEO John…

Apple cuts 200 jobs across Vision Pro, Siri, gaming teams

Apple has confirmed it is cutting around 200 jobs across its Vision Pro, Siri, and gaming divisions, a rare round of mass layoffs for a company that has historically avoided the sweeping job cuts now common across the tech sector.

Bank of America predicts bolder Apple under incoming CEO Ternus

Apple is days away from its first leadership change in nearly 15 years. On September 1, John Ternus, the company's senior vice president of Hardware Engineering, will become chief executive officer, succeeding Tim Cook, who announced the transition in April.…

Anthropic’s revenue run rate tops $65B, surpassing OpenAI

Anthropic's annualized revenue run rate has topped $65 billion as of late July, marking a more than sevenfold increase from the AI company's pace at the end of last year and placing it well ahead of rival OpenAI's $40 billion…

Anthropic revenue jumps 14-fold to $11.5B ahead of IPO

Anthropic's second-quarter revenue soared more than 14-fold to over $11.5 billion, up from $787 million in the same period a year ago, according to internal documents seen by Bloomberg News. The Claude chatbot maker also achieved positive adjusted operating income…

Global PMI hits five-month high as manufacturing outpaces services

The J.P. Morgan Global Composite PMI Output Index rose to 52.6 in July from 52.0 in June, reaching its highest level since February and signaling an acceleration in worldwide economic activity, according to data released August 6 by S&P Global.

Alibaba’s AI model tops global agentic rankings, edging out Claude and GPT

Alibaba's Qwen3.8-Max has claimed the top position on Artificial Analysis's Agentic Index with a score of 55.4, narrowly edging out Anthropic's Claude Opus 5 at 55.3 points and OpenAI's GPT 5.6, according to the benchmarking organization's latest rankings published this…

Alibaba and DeepSeek shake up AI race with new models at a fraction of Western costs

DeepSeek's V4-Flash model costs an average of just 3 cents per benchmark test, compared with $3.15 for Anthropic's Claude Fable 5, making it the world's cheapest well-known AI model to run, according to research firm Artificial Analysis. The finding underscores…

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Amazon surpasses $3 trillion market cap for first time

Amazon Amazon.com, Inc. surpassed $3 trillion in market capitalization for the first time on Monday, becoming only the fifth company ever to reach the milestone as a wave of artificial intelligence optimism continued to lift technology stocks.

IBM says quantum computers now outperform classical systems with verifiable results

IBM International Business Machines Corporation announced on Thursday that quantum computers have reached a stage where they can perform calculations beyond the practical reach of classical systems while simultaneously providing trustworthy, verifiable results — a milestone the company calls "quantum…

ChatGPT nears 1 billion weekly active users, report says

OpenAI's ChatGPT is approaching 1 billion weekly active users, according to a report by The Information citing internal company figures disclosed to employees. The milestone, which has not been publicly announced, arrives roughly seven months after the company had originally…

Apple reclaims title of world’s most valuable company

Apple reclaimed its position as the world's most valuable publicly traded company on Monday, surpassing Nvidia as the two tech giants continue to swap the title amid shifting investor sentiment around artificial intelligence spending.

Chinese tech firms raise $27B in Hong Kong this year

Chinese technology companies have raised a combined HK$214.39 billion (about $27.3 billion) in Hong Kong this year through listings and share sales, as AI startups, chipmakers, and robotaxi developers flock to the city's capital markets to fund expansion, according to…

German startup launches room-temperature quantum computers

German quantum computing startup SAXON Q has announced the commercial availability of its SXQ128 and SXQ512 systems — 128-qubit and 512-qubit diamond-based quantum computers that operate entirely at room temperature, marking a leap from the company's previous 10-qubit-class machines to…

All 27 EU nations back €80B tech investment alliance

The European Investment Bank Group on Friday formally launched the second phase of the European Tech Champions Initiative, an ambitious fund-of-funds program that aims to mobilize up to €80 billion in investment to scale up the continent's most promising technology…

Alibaba surges after judge blocks Pentagon lobbying ban

Alibaba Group Holding shares surged on Wednesday, posting their largest single-day gain since September 2025, after a federal judge ordered the Pentagon not to enforce a lobbying ban tied to the company's designation as a Chinese military company.

China surpasses US in fintech patent filings, Nikkei finds

China has surpassed the United States to become the world leader in financial technology patent filings over the past decade, according to an analysis by Nikkei published on Monday. The shift marks another milestone in China's broader push to dominate…

Vint Cerf, ‘father of the internet,’ to retire from Google next week

Vinton Cerf, co-creator of TCP/IP and widely recognized as one of the fathers of the internet, is stepping down from his role as vice president and chief internet evangelist at Google Alphabet Inc. next week, capping more than 20 years…

Trump threatens 100% tariff on countries with digital services taxes

President Donald Trump on Friday threatened to impose a 100% tariff on all goods imported from any country that levies a digital services tax on American companies, escalating a long-running dispute with European nations over the taxation of U.S. technology…

Tech giants pledge $915M more for carbon removal

Frontier, the advance market commitment backed by some of the world's largest technology companies, announced on Wednesday that it will commit an additional $915 million to carbon removal technologies, bringing total funding pledges to $1.8 billion. The coalition also welcomed…

QuEra and AWS announce fault-tolerant quantum computer for 2028

QuEra Computing on Monday unveiled Libra, its first fault-tolerant quantum computer, set to arrive on Amazon Amazon.com, Inc. Braket in 2028 as part of an expanded multi-year strategic collaboration with AWS.