Tech
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Apple just posted $111 billion in revenue. Now its CFO and incoming CEO are teaming up
Good morning. Apple Inc., CEO Tim Cook opened the company’s earnings call Thursday by marking his 28th anniversary at Apple, his 15th year as CEO, and his 89th earnings call—reflective moments as he prepares to leave the CEO role. Apple announced in April that Cook will step down in September and become executive chairman. His
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Meet the Americans dismissing AI hype and using it with ingenuity: ‘The efficiencies gained out of it have been tremendous’
Artificial intelligence is permeating workplaces, changing the nature of jobs of every stripe. Teachers are using it to create lesson plans and grade papers. Marketing professionals are harnessing it to work a room and learn about the needs of potential clients. Product managers are asking AI to serve as an interpreter when technical conversations went
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Amazon Prime Video reaches deal with Duke Blue Devils to air 3 games per season
Streaming provider Prime Video is diving into college sports by partnering with one of college basketball’s biggest brands: Duke. Amazon and Duke announced Thursday they had reached a multiyear agreement to broadcast three of the Blue Devils’ neutral-site nonconference matchups per season. This marks the first college partnership for Prime Video, which has aired NFL
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Hitting the ‘GenAI wall’: Where generative AI stops working, and what it means for your talent strategy
As companies race to deploy generative AI across their organizations, many executives are betting on a transformative promise: that GenAI will allow employees from one function to seamlessly take on work traditionally performed by specialists in another, and perform it at a level that matches the specialists themselves. The logic is appealing: If a marketing
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Snap CEO praises AI for writing two-thirds of the company’s code but warns fellow tech executives underestimate ‘societal pushback’ to the tech
Snap, the tech company behind the social media app SnapChat, introduced on Tuesday AI Sponsored Snaps, an advertising tool that will allow users to chat with AI bots from a brand partnered with the social media platform. It’s one of the many ways the company has continued to lean into AI. But Snap CEO Evan
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Meta wants to spend more even after it lost $80 billion on the Metaverse and over 20 million users
Despite strong first quarter results, Meta’s stock plummeted nearly 9% Thursday thanks in part to a 20-million user drop and a massive spike in AI spending even as it continues to pour billions into its metaverse and virtual reality division, Reality Labs. The company, which reported its first quarter results Wednesday afternoon, exceeded analyst expectations
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Tim Cook reveals the advice he gave Apple’s next CEO: The most important decision he’ll make is ‘where he spends his time’
Apple’s incoming CEO introduced himself to Wall Street on Thursday, in a brief earnings-call debut in which John Ternus emphasized his commitment to continuity at the $4 trillion company. Ternus, who will officially replace CEO Tim Cook in September, promised to continue the “deep thoughtfulness, deliberateness and discipline” in financial decision making that has marked
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Half of Google’s and Amazon’s ‘blowout AI profits’ came from a stake in Anthropic—not from their actual business
Four of the largest U.S. tech companies reported earningsWednesday afternoon, confirming an AI capital expenditure buildout without modern precedent. Combined, they spent $130.65 billion on capital expenditures in the first three months of 2026—more than three times the inflation-adjusted cost of the Manhattan Project, in a single quarter. They plan to spend nearly $700 billion
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With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
Good morning. On Fortune’s radar today: At Google, search ain’t what it used to be. Markets: Crude climbs, stocks shrug. With no end in sight, Trump considers new options in Iran war. Midterms: The Senate is a coin-flip, polls say. America’s curious thirst for raw milk. Quick note: Subscribe to the forthcoming Fortune Gulf Brief.
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Google Cloud revenue is now 18% of Alphabet’s business. Is this the beginning of the end of Google’s search identity?
Ever since Google was founded in 1998, search has been the core of the company’s identity. For much of that time, search has also been the engine (no pun intended) driving Google’s business. On Wednesday, that began to change. The company’s cloud computing business was the undisputed star of parent company Alphabet’s first-quarter earnings, posting