Apple’s AI Chief Reportedly Out After Siri Upgrade Fumbles
Apple’s AI leadership is undergoing a shakeup. According to a new report, the executive in charge of AI has left after his team’s indecision delayed a key Siri upgrade into 2026.
Category: Business
Apple’s AI Boss Steps Down, New Leader Takes the Wheel
Apple has announced a major change in its AI leadership. Former chief John Giannandrea is moving to an advisory role, with Amar Subramanya taking over as VP of AI to lead Apple Intelligence and Siri’s future.
John Deere’s Profits Drop as Tariffs and a Farm Downturn Bite
Deere & Company’s fiscal 2025 net income fell to $5.027 billion from $7.1 billion the year before. CEO John May says ongoing tariff pressures and a down cycle for large agriculture will continue, but 2026 could be the bottom.
Bending Spoons Snaps Up Eventbrite in a €500 Million Cash Deal
Milan’s Bending Spoons continues its acquisition spree, agreeing to buy the publicly-listed Eventbrite and take it private. The all-cash deal, expected to close in H1 2026, values the event platform at a significant premium.
OpenAI Hits “Code Red,” Delays New ChatGPT Features
OpenAI CEO Sam Altman has declared a “code red” internally, focusing all efforts on improving ChatGPT’s quality. This means delaying planned features like AI shopping agents and a digital assistant called Pulse.
CEO Tenure is Collapsing. Activists Are the Reason.
Activist campaigns have turned CEO decapitation into the new normal. The odds of a CEO getting ousted have jumped from 5% to nearly 20% in just five years. Here’s what leaders need to do before the activists show up with their own script.
SoftBank’s Son Cried Selling Nvidia, But Is He Crying Now?
Masayoshi Son revealed he was “crying” when SoftBank sold its entire $5.83 billion Nvidia stake. The move was to fund aggressive AI investments, including OpenAI. But with Nvidia’s stock soaring, was this a historic blunder?
Michael Burry Says Tesla’s Valuation Is “Ridiculous”
Michael Burry, the investor famous for predicting the 2008 crash, has Tesla in his sights. In his newsletter, he calls Tesla’s market cap “ridiculously overvalued” and criticizes its 3.6% annual dilution from stock-based compensation.
AI Chiefs, Startup Shifts, and a T-Mobile Exit: Seattle Tech’s Moves
The Seattle tech scene saw significant executive movement this week. Expedia appointed its first-ever chief AI officer, while Textio’s co-founder returned to Microsoft. Meanwhile, a key T-Mobile leader is stepping down after 12 years.
Foxconn Doubles Down on Wisconsin with New $569M Deal
Foxconn is pouring another $569 million into its Wisconsin operations under a newly amended state contract. The deal aims to create nearly 1,400 jobs over four years and could net the company up to $96 million in tax credits by 2029.