Cook compares AI to the launch of the Mac, iPhone, and iPad - calls it a make-or-break moment
Big quote: In a rare all-hands meeting at Apple's Cupertino headquarters, CEO Tim Cook made it clear to thousands of employees that AI now stands at the forefront of the company's ambitions. Addressing a packed auditorium following a stronger-than-expected earnings report, Cook called the AI transformation "as big or bigger" than the internet, the smartphone, cloud computing, and apps. "Apple must do this. Apple will do this. This is sort of ours to grab," Cook told staff, vowing, "We will make the investment to do it."
In brief: Tesla has vehemently denied a report by the Wall Street Journal that alleges the EV giant's board contacted recruitment firms to search for a replacement for Elon Musk as CEO. Musk called the article "deliberately false" and an "extremely bad breach of ethics."
New leader wants to turn Intel into a "world-class foundry"
Something to look forward to: Intel's years-long struggle to stay competitive in the semiconductor market worsened last year as the company lost billions, forcing out CEO Pat Gelsinger. While the strategic direction of his successor remains unclear, early statements suggest that Intel will maintain its commitment to foundries, even as rivals propose partnerships and othersquestion whether Intel should stay in the foundry market.