Apple $AAPL hosted its annual Worldwide Developers Conference on Monday, finally unveiling its long-awaited AI strategy. Investors cheered the news, boosting Apple stock to an all-time high that pushed its market capitalization past Microsoft $MSFT’s for the first time in five months.
Analyst Dan Ives from Wedbush said the next year will feature AI giants Microsoft and Nvidia $NVDA racing Apple to a $4 trillion market cap.
Oh, and Elon Musk said his spaceship is headed to Mars. Check out Quartz’s weekly roundup of tech news.
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Apple $AAPL’s Worldwide Developers Conference is a chance for Apple executives to pretend they’re rockstars. This year is no different.
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Nvidia $NVDA stock began trading for the first time following a 10-for-1 share split on Monday morning. The AI chipmaker’s shares were largely flat after markets opened, at $120 per share, after dropping about 1% in pre-market trading. The stock closed at $1,208.88 per share on Friday, meaning the starting post-split price on Monday would be $120.88.
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Apple $AAPL finally unveiled its generative artificial intelligence plans involving OpenAI and ChatGPT — and not everyone is happy.
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Starship, a fully reusable megarocket developed by SpaceX, has completed just four live tests and broken the Earth’s atmosphere. But founder Elon Musk is shooting far above that — past the Moon, past Mars, and onto Uranus.
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Apple $AAPL’s AI strategy will open doors for rivals rather than close them. — Laura Bratton
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Microsoft $MSFT may be leading the generative artificial intelligence race with OpenAI by its side, but the partnership might end up helping Google $GOOGL, a cybersecurity leader said.
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Larry Ellison, co-founder and chief technology officer of Oracle $ORCL, saw his net worth skyrocket after the software company’s stock reached record highs early this week.
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Apple $AAPL decided it had enough time standing in the shadows. After five long months of trailing behind Microsoft $MSFT — and even Nvidia $NVDA, as of last week — Apple has once again reclaimed its spot as the world’s most valuable company.
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Apple $AAPL, Nvidia $NVDA, and Microsoft $MSFT will spend the next year racing to hit $4 trillion market capitalizations, Wedbush analyst Dan Ives said in a research note Wednesday.
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On the eve of Tesla $TSLA’s annual meeting — where shareholders will either rebuke or reward CEO Elon Musk — ARK Investment Management is giving a jaw-dropping prediction of where the stock will be in just five years.
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Microsoft $MSFT has been the target of major cyberattack campaigns over the last year, and now it’s accepting responsibility for its failures to prevent the hacks.
