Apple services division reports record-breaking year
Apple reported a record-breaking year for its services division, including $550 billion in developer payouts, despite regulatory scrutiny over its commission structure.
Friday, October 16, 2026
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Apple reported a record-breaking year for its services division, including $550 billion in developer payouts, despite regulatory scrutiny over its commission structure.
Google co-founders Sergey Brin and Larry Page appear to be reducing their California presence, potentially to avoid a prospective tax on individuals worth more than $1 billion.
Nuclear startups raised $1.1 billion, betting that smaller, modular reactors can use mass-production techniques to avoid the massive cost overruns seen in traditional large-scale infrastructure.
Google co-founder Larry Page is moving business assets out of California and has reportedly left the state amid a proposed 5% tax on fortunes over $1 billion.
Discord has filed confidential IPO paperwork with the SEC and is reportedly aiming for a public market debut in March, according to sources.
McKinsey and General Catalyst executives argue AI is ending the 'learn once, work forever' career model and forcing companies to rethink their workforce and adoption strategies.
Commonwealth Fusion Systems installed the first magnet for its Sparc reactor and partnered with Nvidia and Siemens to develop a digital twin to accelerate fusion development.
Microsoft CEO Satya Nadella is urging the tech industry to reframe AI as a tool for human potential rather than a replacement for labor, despite ongoing industry layoffs.
Lucid Motors doubled its 2025 EV production to 18,378 vehicles, though output remains significantly below the ambitious targets set during its 2021 public listing.
Tech executives sold more than $16 billion in stock during 2025, capitalizing on an AI-fueled market rally through prearranged trading plans.
Tesla’s annual sales fell 9% in 2025, ceding its global EV leadership to BYD, while the company pivots its strategy toward AI and robotics.
More than 200,000 European banking jobs could vanish by 2030 as lenders leverage AI and branch closures to target 30% efficiency gains.
Enterprise investors and studies suggest AI could automate 11.7% of jobs, with many predicting companies will use the technology to justify layoffs and labor cuts in 2026.
True Ventures is betting its investment thesis on alternative interfaces like the Sandbar ring, as co-founder Jon Callaghan argues smartphones may not be used in 10 years.
Enterprise AI budgets are predicted to increase in 2026, but investors expect companies to consolidate spending on a smaller number of vendors rather than experimenting with many.
French insect farming startup Ÿnsect has been placed into judicial liquidation for insolvency after raising over $600 million in total funding.
Investors expect 2026 to be a clearing event for startups, prioritizing distribution advantages and ROI over AI hype as the IPO market likely thaws.
The European startup market remains below pre-reset levels, but rising U.S. investor participation and successful exits suggest it is on the cusp of a turnaround.
Mill will deploy its commercial food waste bins in Whole Foods stores starting in 2027, marking a significant expansion from its consumer-focused household business.
Aflac has begun notifying around 22.65 million people that their personal and health data was stolen in a cyberattack likely linked to the Scattered Spider group.