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Apple Posts Record $111.2 Billion March Quarter With 28 Percent Greater China Rebound in Cook's Last Full Quarter as CEO
Apple posted $111.2 billion in Q2 revenue and $29.6 billion in profit, beating estimates as iPhone 17 lifted sales 22 percent and Greater China rebounded 28 percent. The board added $100 billion to buybacks before Cook hands the CEO role to Ternus.
Former Twitter CEO Parag Agrawal Doubles Parallel's Valuation to $2 Billion in Five Months as Sequoia Bets on Web Infrastructure for AI Agents
Parallel Web Systems closed a $100 million Series B led by Sequoia Capital at a $2 billion valuation, more than doubling the startup's worth since its November Series A and bringing total funding to $230 million.
Sun Pharma Strikes $11.75 Billion All-Cash Deal for Organon, the Largest Overseas Acquisition Ever by an Indian Drugmaker
India's Sun Pharma will buy Merck spinoff Organon for $14 a share, vaulting into the global top 25 pharmaceutical companies and entering biosimilars at scale.
QXO Strikes $17 Billion Deal for TopBuild, Vaulting Brad Jacobs's Roll-Up to the Top of North American Building Products
QXO will acquire insulation distributor TopBuild for $17 billion, its largest deal yet, creating an $18 billion-revenue building products giant.
Cognition Eyes a $25 Billion Valuation, Doubling in Seven Months as the AI Coding Agent Race Reprices
Devin's maker is in talks to raise hundreds of millions at $25 billion just seven months after a $10.2 billion round, putting fresh pressure on a sector already reshaped by the SpaceX-Cursor option and Anthropic-OpenAI competition.
SpaceX Secures $60 Billion Option to Acquire Cursor After Preempting Its $2 Billion Fundraising Round
SpaceX announced a $10 billion collaboration deal with AI coding tool Cursor and an option to acquire it for $60 billion, halting a $2B fundraising round that Andreessen Horowitz, Thrive, and Nvidia had been set to join.
Sequoia and Accel Raise Combined $12 Billion in Back-to-Back AI Funds as Venture Capital Enters a New Scale Era
Sequoia's $7B and Accel's $5B raises in a single week reflect a structural transformation in venture capital driven by AI's unprecedented capital requirements.
Amazon Commits Up to $25 Billion More in Anthropic, Raising Total Exposure to $33 Billion and Securing a Decade of AWS Infrastructure
Amazon's third major Anthropic investment deepens the two companies' infrastructure partnership, with Anthropic pledging over $100 billion in AWS spending over ten years.
Bezos's Project Prometheus Nears $10 Billion Raise at $38 Billion Valuation as Physical AI Lab Recruits From OpenAI, xAI, Meta and DeepMind
JPMorgan and BlackRock are backing Jeff Bezos's physical AI startup Project Prometheus in a $10 billion round at a $38 billion valuation, his first operational role since leaving Amazon in 2021.
Cursor Is in Talks to Raise $2 Billion at a $50 Billion Valuation, Roughly Doubling Its Worth in Five Months
Anysphere, maker of the Cursor AI coding tool, is negotiating a $2 billion round co-led by Andreessen Horowitz and Thrive Capital with Nvidia participating, nearly doubling its November 2025 valuation.
Tim Cook to Step Down as Apple CEO After 15 Years, With Hardware Chief John Ternus Taking Over September 1
Apple's board unanimously named Senior Vice President of Hardware Engineering John Ternus as CEO effective September 1, 2026, with Tim Cook moving to Executive Chairman after a tenure that grew Apple's market cap from $350 billion to $4 trillion.
Meta to Cut 8,000 Jobs in May as $135 Billion AI Bet Reshapes Its Workforce
Meta plans to eliminate 10% of its global workforce starting May 20, restructuring around AI-driven productivity as it nearly doubles capital spending to $135 billion.