Tech Across the GlobeTim Cook by the numbers: With Cook as CEO, Apple added $3.66 trillion in market value. Read our detailed account of how far the company grew under the outgoing chief’s leadership. We measure by users, dollars, sales and acres. Huawei pitches innovation: The Chinese company unveiled an all-new form factor with its latest foldable, a preemptive strike against an upcoming foldable iPhone from Apple. See the details here. WhatsApp plans subs: Meta is testing a subscription package for its messaging app, part of a broader effort to generate new sources of revenue. This is what the app is offering to paying customers. Amazon and Anthropic cozy up: The two companies are committing billions of dollars more to each other, with Amazon pouring $5 billion in investment and Anthropic committing to spend more than $100 billion over the next 10 years on Amazon’s cloud technologies and chips. More here. Related StoriesBloomberg Podcast
When Bob Lee, a well known tech executive famous for creating Cash App, was found stabbed to death in San Francisco, his killing set off a wave of online fury and speculation. But when a suspect was arrested for his murder, it became clear the rumors could not be further from the truth. Listen to Foundering: The Killing of Bob Lee.
Must ReadApple announced plans for CEO Tim Cook to hand over the reins to hardware chief John Ternus this September, completing a historic 15-year run for the man who succeeded Steve Jobs. Gao Yuan reports on how his tenure was perceived in China and the focus he placed on the country as he built Apple into a $4 trillion juggernaut in today’s Tech In Depth. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. New From BloombergComing soon: Get the AI Today newsletter — chronicling the disruptions and threats of AI on businesses, workers, governments and economies with analysis from Bloomberg’s global newsroom. This Week in Power OnThe invitations to Apple’s events always hint at the plans the company will reveal — and the teaser graphic for the Worldwide Developers Conference in June was no exception, Mark Gurman reports in this week’s Power On. The invitation suggests a complete overhaul of Siri is coming, he writes. Sign up for the Power On newsletter to get the inside scoop from Mark Gurman on all things Apple and consumer tech. More from BloombergGet Tech In Depth and more Bloomberg Tech newsletters in your inbox:
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Asia regulators monitor Anthropic's Mythos for potential banking risks
Some Asian regulators said on Monday they were monitoring the development and possible implications of Anthropic's frontier AI model Mythos, which has triggered concerns in the U.S. and Europe over its potential use to destabilise banking systems. ...