Apple is suing OpenAI after former iPhone engineer Chang Liu allegedly defected to OpenAI's hardware division, stealing a company MacBook, exploiting a software bug to access Apple's internal servers, and using a current Apple employee to continue leaking proprietary secrets.
Elon Musk publicly praises Anthropic as 'currently the leader in AI' while SpaceX locks the rival company into a massive $40 billion infrastructure deal, raising eyebrows over potential conflicts of interest and whether hosting a competitor's operations gives Musk's company unusual visibility into Anthropic's AI development.
Meta is set to begin production of its custom AI chips in September, developed with Broadcom and manufactured by TSMC, as the tech giant moves to reduce its dependence on Nvidia GPUs while projecting up to $145 billion in capital expenditures this year.
AI chip startup SambaNova surges to an $11 billion valuation after raising $1 billion led by General Atlantic, with JPMorgan Chase deploying its systems and a U.S. IPO targeted for 2027 as it challenges Nvidia's dominance in the AI chip market.
Meta rolls out a smart glasses update that automatically disables the camera if the privacy LED is tampered with or destroyed, responding to growing misuse concerns including harassment incidents, facial recognition backlash, and rising bans at public venues.
DeepSeek is racing to develop its own AI chips after spending a year recruiting engineers and meeting with hardware partners, aiming to break free from dependence on both Nvidia and Huawei as Chinese and American AI giants alike pursue custom silicon for greater control over their technology.
Samsung Electronics posts a jaw-dropping 19-fold surge in quarterly operating profit to $58 billion, yet shares plunge over 10% and trigger a market circuit-breaker in Seoul as sky-high investor expectations, fueled by a 150% stock rally tied to AI chip demand, go unmet.
Chinese smart glasses startup Even Realities hits a $1 billion unicorn valuation after securing $150 million in Tencent-backed funding, with its privacy-focused G2 glasses challenging Meta's dominance in a market that surged 167% year-over-year in Q1 2026.
Broadcom shares surge over 6% after Apple extends their chip partnership through 2031, with Broadcom set to supply custom AI-focused ASIC chips across multiple Apple product generations, including advanced AI servers planned for 2027.
TeraWulf shares surge 13% after signing a landmark 20-year, $19 billion AI infrastructure lease with Anthropic at its Kentucky data campus, while also selling a major joint venture stake for $450 million to focus on wholly owned AI projects.