Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023 (Sujeet Indap/Financial Times) Read more
Chinese state media: during his visit to Shanghai, Tim Cook says "there's no supply chain in the world that's more critical to us than China" (Financial Times) Read more
After its early OpenAI bet, Microsoft hiring Mustafa Suleyman and Inflection's staff continues a strategy of developing close ties with leading AI practitioners (Camilla Hodgson/Financial Times) Read more
The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years (Financial Times) Read more
Apple and Google’s discussions to bring Google’s Gemini AI to iPhone seconded by the New York Times Read more