Business Archive

In recent years the newsletter platform has tried to expand to micro-blogging, TikTokers, and full websites. Now the company is inching towards something its leadership has long criticized: advertising and social networks.

What do a filmmaker in Wisconsin, billionaire investor Bill Ackman, The Guardian, and a doctor who posted on TikTok all have in common? UnitedHealth has targeted them in an effort to clamp down on criticism. The company’s legal tactics have only intensified after the murder of UnitedHealthcare CEO Brian Thompson, The New York Times reports.

Mark Gurman’s newsletter runs the gamut of Apple nexts this weekend, starting with rumors of the “iPhone 17e” kicking off an annual refresh cycle for cheaper iPhones, more iterative chip-bump updates for the Mac and iPad starting this fall, and Apple’s first new Mac external monitor since 2022’s Studio Display.

“Twenty, 30 years ago, we are really the leader,” CEO Lip-Bu Tan said in a message to employees, as reported by The Oregonian. “Now I think the world has changed. We are not in the top 10 semiconductor companies.”

When Nvidia’s share price rose beyond $164 on Wednesday morning, it was the first company to have a market cap of over $4 trillion. It closed the day up 1.8 percent at $162.88, leaving its current total at $3.97 trillion, leading Microsoft ($3.7 trillion) and Apple ($3.1 trillion).

The airline giant has been promising to accept Bitcoin as a payment method since 2022, but it might finally happen next year thanks to a preliminary deal with Crypto.com to explore integrations with the crypto trading platform’s payment service.

Samsung Electronics keeps promising a turnaround but it’s once again projecting a dismal quarter, with weak AI chip sales to blame for a projected 56 percent plunge in operating profit. At 4.6 trillion won for the April-June period, it would be its weakest result in six quarters.

Bloomberg reports that Mark Zuckerberg’s latest high-priced AI hire is Apple’s foundation AI model leader, Ruoming Pang, based on an offer worth “tens of millions of dollars per year,” plus Yuanzhi Li from OpenAI and Anton Bakhtin from Anthropic.

CoreWeave, which has multibillion-dollar cloud computing deals with OpenAI and Microsoft, has announced plans to buy Core Scientific, a digital infrastructure provider for crypto mining and AI. CoreWeave says the acquisition will help “enhance operating efficiency and de-risk our future expansion.”