Magnificent 7 Weekly Briefing
Apple and Microsoft had record quarters; Tesla pivoted sharply to AI and robotics after revenue slipped; Microsoft launched a new AI chip, and more.
- Apple and Microsoft delivered strong financial results, with Apple reporting record quarterly revenue driven by iPhone and Services, and Microsoft seeing 17% growth fueled by its Cloud segment and OpenAI contributions. 12345678
- Tesla reported its first full-year revenue decline and a 46% profit slump, leading the company to accelerate its strategic pivot toward AI, robotics, and autonomous technology, including investing $2 billion in xAI and cutting production of high-end vehicle models. 9101112131415
- Microsoft released its second-generation in-house AI accelerator, the Maia 200, designed for efficient large-scale AI inference, and secured a $750 million cloud deal with AI firm Perplexity. 16171819
- Apple made its second-largest acquisition ever, purchasing the Israeli AI startup Q.ai, while Google continued expanding its Gemini ecosystem globally, making Gemini 3 the default for Search AI Overviews. 202122232425262728
- Google agreed to a $135 million settlement over alleged Android data collection practices, while Apple was hit with an antitrust lawsuit over allegedly stealing camera technology and disclosed $851 million in fines paid last year. 2930313233
- Other developments included Amazon announcing 16,000 layoffs, Google confirming job cuts, and a former Google engineer being convicted for stealing AI trade secrets for a Chinese startup. 343536
Sources
- Apple reports record Q1 revenue and EPS
- Apple Reports Record iPhone Sales Amid Holiday Bump
- Apple reaches 2.5 billion active devices after record-breaking quarter
- Microsoft announces strong Q2 financial results
- Microsoft Continues to Spend Big on A.I. While Profit Jumps 60 Percent
- Microsoft Cloud Growth Slows, But OpenAI Fuels 60% Surge in Revenue Backlog
- Microsoft quietly made $7.6 billion from OpenAI as AI revenues surge
- Meta reports Q4 and full year 2025 results
- Tesla revenue slips in 2025 as energy unit grows and vehicle sales fall
- Tesla profits slumped 46% last year, as it lost its crown as the top EV seller
- FirstFT: Tesla accelerates AI pivot
- Tesla cuts car models in shift to robots and AI
- Tesla will end Model S and X production, focus on humanoid robots at Bay Area factory
- Tesla plots $20 billion splurge to support Elon Musk's AI future
- Tesla to invest $2 billion in xAI, Elon Musk's OpenAI competitor
- Microsoft’s Maia Chip Targets A.I. Inference as Big Tech Rethinks Training
- Microsoft introduces Maia 200 AI accelerator
- Microsoft's Latest AI Chip to Reduce Reliance on Nvidia
- Microsoft Inks $750 Million Cloud Deal with AI Firm Perplexity
- Apple just made its second biggest aquisition ever
- Apple Buys Israeli AI Startup That Interprets Facial Movements
- Apple acquires Israeli startup Q.ai
- Apple Faces Questions Over AI in iPhones
- Google rolls out Project Genie to AI Ultra subscribers
- Google introduces Agentic Vision in Gemini 3 Flash
- Google launches Google AI Plus in 35 new countries
- Google AI Plus comes to US for $7.99, Google One 2 TB upgraded
- Google upgrades Search with Gemini 3
- Google Agrees to Pay $135M in Huge Android Data-Harvesting Settlement
- Google agrees to $135 million settlement for collecting Android users’ data
- Apple sued for allegedly breaking US antitrust law, stealing camera tech
- Apple Sued by App Developer Over its Continuity Camera - Slashdot
- Apple paid $851 million in fines last year, and critics say regulators still lack teeth
- Amazon announces layoffs impacting 16,000 roles
- Tech layoffs: Google, Amazon and Pinterest plan new cuts in California
- Ex-Google Engineer Convicted of Stealing A.I. Secrets for Start-Up in China
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