Tech
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Apple blames inflationary effect of AI for price hikes: ‘We have never seen a component price increase this much’
Apple on Thursday announced an increase in prices for Macs and iPads, citing a memory chip shortage brought on by the artificial intelligence boom. The Cupertino, California-based company called the demand spike an “unprecedented challenge” for the consumer electronics industry. “The rapid expansion of AI data centers has created an extraordinary surge in demand for…
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AI boom may be on its last legs amid stock volatility and dash for cash—but will go out in a blaze of glory with ‘blow-off phase’ before bubble pops
The Nasdaq is headed for its worst weekly loss in more than a year, and the S&P 500 is on track for a fifth consecutive drop. Similarly, after making history with the largest IPO ever, SpaceX stock has tumbled, and bonds it sold days ago are already sinking. It wasn’t supposed to be like this.…
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CFOs are bullish on their own companies—even as they turn bearish on the economy
Good morning. CFOs can’t control the economy but they increasingly believe they can control the outcome for their own companies. That tension—what Deloitte calls a “paradox of promise versus pessimism”—is a defining theme in the firm’s North American Q2 2026 CFO Signals survey, Ed Hardy, U.S. financial services leader at Deloitte, told me. About a…
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Meet Micron, the under-the-radar chipmaker that just reported a 346% sales surge and helped stop a global AI selloff
Micron may not be a household name but it may just be among the most important tech companies in the AI era, and definitely one with a surprising backstory. On Thursday, the memory chipmaker reported an eye-popping 346% surge in quarterly revenue. As if that wasn’t enough, it reported a profit of $28.2 billion for…
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Everyone agrees that you hate AI, but only Mark Cuban sees why Silicon Valley is powerless to fix it
On Thursday afternoon, Mark Cuban posted what amounted to an unsolicited intervention for the AI industry. “It’s time for everyone to realize that the fight against data centers has nothing to do with data centers,” the billionaire investor wrote on X, in a post that drew more than 700,000 views within hours. “They have become…
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One of the Democratic Party’s brightest stars is co-founding a group to help with the coming AI jobs earthquake
America has been rushing into an artificial intelligence future without much of a plan to stop what could be catastrophic job losses. Critics warn of doomsday scenarios out of a sci-fi thriller, while backers say AI will generate so much new wealth that no one should worry too much about millions of layoffs. A new…
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Softbank CEO dismisses Elon Musk’s extraterrestrial data center idea in favor of maximizing Earth-side construction now: ‘He who strikes first wins’
The billionaire founder of Softbank, who made a fortune backing companies with world-changing ideas like Alibaba, said Elon Musk’s orbital data center plans are as out there as the eccentric SpaceX founder himself. “In the battle for AI, the next few years will be far more important than what might happen a decade or so…
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Top CFOs warn AI success depends on training employees, not just buying technology
Good morning. Finance teams are being reshaped by AI, but there needs to be much more training on how to use it effectively. That was a central theme we discussed on Tuesday during Fortune’s Emerging CFO webinar in partnership with Workday, where Casey Caram, principal and human capital practice leader at Deloitte, and several Fortune…
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Exclusive: A former Apple engineer thinks AI infrastructure is built for the wrong future. Investors just gave him $80 million to fix it
For months, Kleiner Perkins partner Aditya Naganath had been mulling over his investing thesis that the next wave of AI wasn’t going to be a chatbot—it was going to be software that does the work autonomously, for hours at a time, across thousands of tasks at once. The trouble was, nobody had built the plumbing…
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What bubble? JPMorgan says the $5.5 trillion AI capex explosion is profitable–for now
JPMorgan Global Research is doubling down on a central thesis for 2026: the surge in AI investment is not only durable, but increasingly profitable. In its midyear outlook, the firm points to a broadening capital expenditure cycle anchoring growth expectations. At the center is the “AI upstream” buildout—data centers, chips, and supporting infrastructure—still heavily concentrated…