Apple reported a record Q4 with earnings soaring to $102.5B largely thanks to impressive iPhone 17 sales. The report raised some eyebrows with a slight miss in iPhone earnings, and the tech giant is already preparing for a dynamic December quarter. In parallel, Apple is ramping up its AI strategy with plans to enhance Siri and forge new partnerships while also stockpiling components for a rumored foldable iPhone (Apple Stockpiles Components).
Amazon showcased its cloud muscle as AWS grew by 20% to hit $33B (Amazon Earnings Highlight). Meanwhile, Coinbase exceeded quarterly expectations with robust earnings driven by strong trading volumes, reinforcing confidence amid market volatility.
Samsung and Nvidia are joining forces to launch an expansive AI megafactory aimed at automating semiconductor production with over 50,000 GPUs (Samsung, Nvidia Partner). In a related move in the AI domain, Nvidia is set to invest up to $1B in French startup Poolside, underscoring fierce competition in the AI landscape. Additionally, Perplexity inked a multi‐year deal with Getty Images to secure access to millions of stock photos.
Other notable moves include EnduroSat securing $104M to boost its satellite production capabilities. On a different note, YouTube TV faces contraction in its lineup after losing several key Disney-owned channels, reflecting ongoing tensions in digital media negotiations.