The new high-end touch screen MacBook Pros are expected to have a slimmer design, run on Apple’s custom M6 chips, and feature a “hole-punch” at the top of the OLED display, matching the design of the iPhone, which allows the camera and sensors to be surrounded by screen at the top of the display.

This week, Apple released an updated MacBook Pro, iPad Pro, and Apple Vision Pro running on the M5 chip.

Since the Fed cut interest rates at its last meeting on September 17, positions taken by traders in both markets suggest increased certainty that the central bank will continue to ease at its two-day meeting later this month.

Market-implied odds derived from event contracts offered on Robinhood suggest traders see a 94% chance the central bank cuts its Fed Funds rate target by 0.25 percentage points when it announces its next decision on October 29, as of market close Thursday.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own stock as part of my compensation.)

Odds implied by prices in the Fed Funds futures markets are an even higher 97%. That’s up from roughly 74% a month ago.

In comments to the National Association of Business Economists earlier this week, Fed Chair Jerome Powell also hit notes supportive of rate cuts.

The Fed chief — who has been the target of a public pressure campaign from President Trump to deliver lower rates — told listeners that a sharp slowdown in hiring in the US is raising worries about economic weakness at the central bank, despite the fact that the Fed’s preferred inflation gauge is still running nearly a full percentage point above its 2% long-term target.

“Rising downside risks to employment have shifted our assessment of the balance of risks,” Powell said.

Reuters also reported that the company today said it expects to see $166 billion in cloud infrastructure revenue by FY 2030.

The stock has had a strong run and is up 87% this year, though investors were momentarily spooked earlier this month after a report of weak GPU rental margins.

Fast-forward a few weeks, and Sora now sits atop the App Store leaderboards and new details are emerging about how OpenAI engaged with Hollywood talent agencies seeking to protect their clients’ rights. According to a report from The Hollywood Reporter, the agency heads felt blindsided by the company’s approach of asking for forgiveness rather than permission.

One talent agency executive said OpenAI was “purposely misleading” in heated discussions about the use of represented clients’ likenesses, per the report. OpenAI executives reportedly told talent agency heads that individual clients would have to individually opt out of the platform, but did not yet have a streamlined process or dedicated staff to process the requests.

Days after Sora’s launch, OpenAI CEO Sam Altman wrote on his blog that the company would “give rightsholders more granular control over generation of characters, similar to the opt-in model for likeness but with additional controls.”

But that hasn’t stopped calls from groups like the Motion Picture Association for OpenAI to respect copyright law and “prevent infringement” of rights owners’ intellectual property.

At that time, Khosrowshahi said drivers and couriers were “labeling maps, translating language, looking at AI answers, and grading AI answers.” According to Thursday’s announcement, the tasks won’t be so focused on Uber’s business, but instead on connecting workers with “companies that need real people to help improve their technology.”

Per Uber, digital tasks can be done when drivers aren’t on a trip, be it at home or when not driving, and will take only “a few minutes” each.

Yang’s exit is the latest in a series of executive departures that have plagued Apple, and continues Meta’s hiring spree across the tech industry to lure top AI talent to the company with reported eye-popping nine-figure pay packages.

Bloomberg reports that roughly a dozen members of the Apple Foundation Models team have also departed recently, many joining Meta’s “superintelligence” team.

Providers of relatively cheap, hardware-based storage options like hard disk drives — such as Seagate Technology Holdings and Western Digital — have been some of the S&P 500’s top performers.

Data management software firms like Snowflake and Datadog have also picked up momentum recently. Snowflake has doubled over the last 12 months, while Datadog has seen a 27% gain.

RBC analysts spotlighted Snowflake in a note Wednesday, writing, “We continue to believe Snowflake is well-positioned as an AI beneficiary as organizations turn to the company to prepare their data for AI workloads.”

The Google-owned driverless car company has had a similar partnership with Uber in Phoenix since 2024. Waymo currently operates taxi services in five US cities, including Phoenix, with plans to expand to six more next year.

The acceleration of revenue is helping Anthropic catch up to its larger rival OpenAI. Recently, OpenAI told its investors that the company has a $13 billion annual run rate target, according to The Information.

According to the report, things are picking up so fast for Anthropic that it is nearly tripling its annual revenue targets for 2026 to as much as $26 billion.

Anthropic recently raised an series F round of $13 billion, giving the startup a valuation of $183 billion.