The Apple Never Falls Far From the Throne 🍎👑
Apple having a very successful week + Software Engineers needed
Hey,
Spotted: Apple is having its moment, briefly dethroning Nvidia as the world’s most valuable company, landing Alibaba and Baidu as AI partners in China and sending half of Hong Kong’s stock market surging, all while quietly preparing to sue OpenAI and race Anthropic to the public markets.
And in the background, Google is so desperate for compute it is paying SpaceX a billion dollars a month while secretly cooking up a chip that could fix everything by 2028. The AI era has never been more chaotic or more expensive.
We have also released our newest podcast called the Haystack Huddle!! Check it out with the button below.
Google is developing a chip called "Frozen v2" that could run Gemini six to ten times more efficiently than its current TPUs, as it races to ease a compute shortage so severe it is paying SpaceX nearly $1 billion a month to plug the gap.
Apple briefly reclaimed the title of world's most valuable company from Nvidia, surging 23% in 2026 as investors reward its AI agenda while Nvidia has gained just 9% as Wall Street shifts its attention to memory chips and infrastructure plays.
Alibaba’s Qwen AI has been confirmed for integration into Apple Intelligence in China after years of waiting for Beijing’s approval, marking a rare moment of US-China tech collaboration amid intensifying AI rivalry.
Valued at $965 billion and backed by Goldman Sachs, Morgan Stanley and JPMorgan, Anthropic is scheduling investor meetings ahead of a potential October IPO that would beat rival OpenAI to public markets and capitalise on the momentum from SpaceX's blockbuster June debut.
China's approval of Apple Intelligence sent Alibaba and Baidu shares surging up to 5% in Hong Kong, as both companies confirmed their AI models would be integrated into Apple's services for Chinese users.
🧠 Quick Brain Teaser!
I am heavier when empty than when full
What am I?
hint: Think less literally, more emotionally
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📚 What We’re Reading:
Jim Cramer says it’s time to look beyond tech as AI uncertainty rattles the market
Data Centers Are Quietly Taking Over Texas. The Pollution Could Be Catastrophic
And the answer is…… 🥁🥁🥁🥁
🫀 Heart
Goodbye, see you next week.
Haystack