Apple posts record sales after Tim Cook steps down – but chip shortage looms

Apple reported a record quarter on Thursday. But outgoing CEO Tim Cook has warned that storm clouds are gathering in the form of memory chip supply issues that could impact the business in the near future. “Today, Apple is proud to report our best March quarter on record, with revenue of $111.2 billion and double-digit […]

Apple surprised by AI-driven Mac demand

Apple’s iPhone sales and services revenue was the star of the tech giant’s latest quarter, but Macs quietly outperformed it, helped by increased demand for AI workloads. Wall Street investors had expected Mac sales to be in the low $8 billion range, but Apple reported $8.4 billion in the second quarter ended March 28. That’s […]

Legal AI startup Legora reaches $5.6 billion valuation, further escalating battle with Harvey

Nvidia has laid another brick in its AI empire. The company’s corporate VC fund, NVentures, reportedly backed Legora, the company’s first legal AI investment. The Swedish-born legal tech startup, which uses AI to help lawyers work more efficiently, is competing with US player Harvey. NVentures joins Atlassian and other new financial investors on Legora’s cap […]

Hackers are actively exploiting bugs in cPanel, which is used by millions of websites.

Security researchers are sounding the alarm about newly discovered vulnerabilities in the widely used web server management software cPanel and WebHost Manager (WHM). This bug allows hackers to take over and take complete control of servers running affected software. It is believed that this server is used by tens of millions of website owners around […]

Elon Musk testifies that xAI trained Grok on OpenAI model

OpenAI and Anthropic have recently been waging war against third-party efforts to train new AI models by encouraging publicly accessible chatbots and APIs (a process known as “distillation”). The conversation focuses on how Chinese companies are using distillation to develop open-weight models that perform nearly as well as U.S. products, but are available at a […]