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Chance Miller / 9to5Mac: On his last day as CEO, Tim Cook sends a memo to Apple employees reflecting on his time and says he takes “enormous comfort in handing the helm” to John Ternus -
Kalley Huang / New York Times: John Ternus takes over as Apple CEO and Tim Cook becomes executive chair; sources say Laura Legros, an Apple hardware VP who retired in 2022, has rejoined Apple -
Ryan Vlastelica / Bloomberg: Under Tim Cook, Apple's market cap grew from less than $350B in 2011 to $4.6T, revenue went from $157B in FY 2012 to ~$477B in FY 2026, and shares rose 2,258% -
Mark Gurman / Bloomberg: Sources: Phil Schiller has stepped down from his role leading Apple's App Store and product events; he will remain at Apple to work on unspecified initiatives -
Emma Roth / The Verge: A look at Tim Cook's 15-year tenure: Apple silicon, wearables, hitting a $1T market cap, privacy, Apple Vision Pro, Apple Car, AI, App Store battles, and Trump -
Chance Miller / 9to5Mac: Gurman: Apple is moving the App Store to its services unit led by Eddy Cue, who oversaw it until 2015; Cue is taking on a more influential role under Ternus -
Annie Palmer / CNBC: The US FTC and 22 state AGs sue Amazon, alleging it overcharged advertisers by $20B+ since 2019 via hidden surcharges, with costs largely passed on to consumers -
About Amazon: Amazon says the FTC's complaint over Sponsored Ads cites no evidence of consumer price increases or advertiser harm, and misunderstands how advertisers operate -
Deepa Seetharaman / Reuters: Filing: OpenAI denies Apple's allegations of trade secret theft, saying “this dispute is a mess of Apple's own making, and it is trying to blame everyone else” -
Chance Miller / 9to5Mac: Filing: Apple claims a former iPhone engineer used a confidential Apple circuit schematic in his work at OpenAI, says “evidence is being destroyed”, and more -
Jay Peters / The Verge: Nvidia plans to launch DLSS 5 on September 3 on RTX 50-series desktop and laptop GPUs and through GeForce Now, following a divisive announcement in March -
Anissa Gardizy / Wall Street Journal: Sources: Anthropic has signed a $35B cloud deal with Nvidia-backed Lambda; Nvidia will hold the lease on, and supply chips to, a Hut 8-built Texas data center -
Sarah Perez / TechCrunch: Microsoft says it is testing a fix to an outage affecting Exchange Online and Outlook, lasting for 17+ hours from around 11:30AM ET on Monday — Snow day? -
Samantha Kelly / Bloomberg: Dyson unveils the $499 CameraJet, an AI-powered toothbrush with a 100K-pixel macro lens that scans at 28 images per second and is trained on nearly 470K images -
Cecilia D'Anastasio / Bloomberg: Memo: Savvy Games Group CEO Brian Ward, who oversaw the Saudi Arabian government's $38B investment in the video game industry since 2021, is stepping down -
Kirsten Korosec / TechCrunch: The Pentagon launches ChatGPT Mil and Grok for Government on its GenAI.mil platform, giving its 3M personnel access to AI tools “tailored to warfighter needs” -
Tom Warren / The Verge: Mozilla launches built-in ad blocking for Firefox on iOS, using Apple's WebKit Content Blocker and the EasyList filter to block third-party ads and trackers -
Chris Welch / Bloomberg: Roku unveils its first self-branded OLED smart TVs, starting at $999 for 55" and 65" 120Hz models and $1,299 for 144Hz models, sold exclusively via Amazon -
Amanda L. Gordon / Bloomberg: Sources: Polymarket is set to raise $1B led by 1789 Capital at a $21B post-money valuation; Donald Trump Jr. is a partner at 1789 and adviser to Polymarket -
Jon Ronson / New York Times: How lawn care YouTuber Greg Chism scaled a family channel to 13B views with YouTube's coaching, before YouTube banned it in 2017 following online backlash — - - 1k -
10 minutes ago Jagmeet Singh / TechCrunch: Indian edtech startup upGrad closes its acquisition of rival Unacademy in an all-stock deal valuing Unacademy at ~$206M, down from its peak $3.5B valuation -
Alex Konrad / Upstarts Media: AI startup Mirage streamed a 24-hour “live” AI news show on X on August 11, which cost ~$50K in tokens, featuring realistic avatars that struggled to converse