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John Ternus is taking over from Tim Cook as Apple’s CEO

The multitrillion-dollar home of iPhone, Mac, and so many other tech gadgets is getting a new leader this fall, as Apple has announced that Tim Cook will be replaced as CEO on September 1st by current hardware boss John Ternus. How will we look back on Tim Cook’s legacy, and what will Apple look like […]

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Here’s how Amazon’s price fixing allegedly drove up prices everywhere

On Monday, California Attorney General Rob Bonta revealed the evidence of alleged price-fixing by Amazon. The state filed a request to the Supreme Court in February for a preliminary injunction to stop Amazon’s behavior while the lawsuit it originally filed in 2022 proceeds, and is now making that 16-page document available, “largely unredacted.” It lays […]

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Silicon Valley has forgotten what normal people want

One of the most mortifying things about knowing a lot of techies is listening to them tell me excitedly about some very important discovery that they believe they have made. Recently, I ran into an acquaintance of mine, who began talking my ear off about an amazing discovery he’d made with LLMs. Knowledge, it turns […]

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Revolut’s IPO is two years away and it’ll be in the US

The CEO of Europe’s most valuable startup gave his clearest IPO timeline yet in a Bloomberg interview, narrowing his December ‘two to three years’ estimate to ‘two years.’ It came as Revolut marked the biggest regulatory milestone in its history and filed for a US bank charter, both developments that make an eventual listing meaningfully […]

This story continues at The Next Web

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Betting on the news raises ethical questions for journalists

Prediction market exchanges have created an environment where just about any piece of information is potentially monetizable: How well will BTS’s new song perform this week? How hot will Los Angeles get? Will Donald Trump be impeached? Users can wager on all of that and, on some platforms, more gruesome and violent outcomes in the […]

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Allbirds sold its shoe business for $39 million and is pivoting to AI cloud computing

In short: Allbirds is rebranding as NewBird AI and pivoting from sustainable footwear to GPU-as-a-service cloud computing after selling its shoe business to American Exchange Group for $39 million. The company secured $50 million in convertible financing, saw its stock surge 600% before falling back by a third, and plans to lease GPUs to AI […]

This story continues at The Next Web

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