Tech
tech
Rani Molla

Google reaches record high and crosses $4 trillion market cap after major wins for Gemini

Google parent Alphabet closed yesterday at a record-high stock price of $331.86, giving the company a market capitalization just above $4 trillion, as investors reward a string of wins for its Gemini AI model, including high-profile partnerships with Apple and Walmart.

After months of speculation, Apple announced a multiyear partnership to use Gemini to power its AI assistant, Siri, a major endorsement of Google’s AI prowess. That same day, Walmart said it would partner with Google to let customers purchase products directly through the Gemini chatbot, a move that would put Gemini in front of millions of Walmart shoppers and test whether AI chatbots can drive real commerce at scale rather than isolated queries. (Amazon, OpenAI, and Microsoft are experimenting with similar AI shopping tools.)

The stock is up nearly 1% again in premarket trading today. While Microsoft and Apple have both crossed $4 trillion in the past, they’ve since dipped below it, leaving Google and Nvidia as the only companies currently valued above the threshold.

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tech
Jon Keegan

Meta reportedly plans to cut about 10% of employees in Reality Labs metaverse business

Meta is planning to cut roughly 10% of its Reality Labs employees, according to a report from The New York Times. The division is home to products related to the namesake of the company — the metaverse — which includes virtual and augmented reality glasses and headsets. Employees working on the metaverse are the target of the cuts, per the report.

Reality Labs has been bleeding cash and struggling to build significant revenue, racking up losses of around $70 billion since the company started reporting its numbers in 2020. Other than Meta Ray-Ban glasses, the group’s products have not been popular with consumers, and the idea of the metaverse that CEO Mark Zuckerberg evangelized never took off.

The company has since pivoted to a focus on building AI “superintelligence.”

Meta Plans to Cut 10% to 15% of Employees in Reality Labs Business

Meta Plans to Cut 10% to 15% of Employees in Reality Labs Business

Reality Labs has been bleeding cash and struggling to build significant revenue, racking up losses of around $70 billion since the company started reporting its numbers in 2020. Other than Meta Ray-Ban glasses, the group’s products have not been popular with consumers, and the idea of the metaverse that CEO Mark Zuckerberg evangelized never took off.

The company has since pivoted to a focus on building AI “superintelligence.”

tech
Rani Molla

Tesla’s Elon Musk says AI deal with Apple gives Google “unreasonable concentration of power”

Apple has selected Google’s Gemini AI model to power the next generation of Siri — and Tesla and xAI CEO Elon Musk is not pleased. Responding on X to Google’s announcement, Musk wrote that the deal “seems like an unreasonable concentration of power for Google,” pointing to the company’s control of Android and Chrome.

Musk has previously sued Apple, accusing the company of unfairly favoring OpenAI’s ChatGPT — with which Apple also has a more limited AI partnership — in its App Store. Musk’s xAI, which works closely with Tesla, develops a competing AI model, Grok. Long considered the AI front-runner, OpenAI, which was also in the running to power Siri, has been facing increased competition from Google.

In a monopoly case last September, a judge ruled that agreements such as Apple’s deal to preload Google Search on Safari were permissible as long as they were not exclusive — a decision that may have helped clear the path for the companies’ new multiyear AI partnership.

tech
Jon Keegan

Apple selects Google’s Gemini to power Siri, CNBC reports

Apple has selected Google’s Gemini model as part of a multiyear partnership to power its revamped, AI-powered Siri, set to launch this year.

Per a statement seen by CNBC, Apple said: “After careful evaluation, we determined that Google’s technology provides the most capable foundation for Apple Foundation Models and we’re excited about the innovative new experiences it will unlock for our users.”

Apple first announced a revamped AI Siri back in June 2024 but failed to execute on many of its promises of personalized features and deep system integration. The newest iteration of Siri was expected this spring. Bloomberg previously reported that Apple plans to pay Google $1 billion a year to use its AI model to power Siri.

With this news, the iPhone maker has ticked one of the four boxes that Wedbush Securities analyst Dan Ives said would be integral to the stock’s success in 2026.

“This is what the Street has been waiting for with the elephant in the room for Cupertino revolving around its invisible AI strategy,” Ives wrote in a follow-up note, calling the move a “major validation moment for Google as a premier foundation model and for Apple as a stepping stone to accelerate its AI strategy into 2026 and beyond.”

Google, which has been riding high on the the stellar reception of its latest Gemini model, briefly notched a $4 trillion market cap on the news. Apple hit the notable milestone in 2025 but has since fallen and is currently worth $3.8 trillion.

Apple picks Google's Gemini to run AI-powered Siri coming this year

Apple picks Google's Gemini to run AI-powered Siri coming this year

Apple first announced a revamped AI Siri back in June 2024 but failed to execute on many of its promises of personalized features and deep system integration. The newest iteration of Siri was expected this spring. Bloomberg previously reported that Apple plans to pay Google $1 billion a year to use its AI model to power Siri.

With this news, the iPhone maker has ticked one of the four boxes that Wedbush Securities analyst Dan Ives said would be integral to the stock’s success in 2026.

“This is what the Street has been waiting for with the elephant in the room for Cupertino revolving around its invisible AI strategy,” Ives wrote in a follow-up note, calling the move a “major validation moment for Google as a premier foundation model and for Apple as a stepping stone to accelerate its AI strategy into 2026 and beyond.”

Google, which has been riding high on the the stellar reception of its latest Gemini model, briefly notched a $4 trillion market cap on the news. Apple hit the notable milestone in 2025 but has since fallen and is currently worth $3.8 trillion.

850M
Rani Molla

Apple’s App Store saw an average of 850 million weekly active users at the end of 2025, up from 813 million last June, underscoring the sheer scale of its Services business even as hardware growth has slowed. The company highlighted the milestone in a year-end Services roundup, noting record App Store traffic across major markets including the US, China, India, and Japan.

Apple takes a cut of most digital transactions that run through its App Store payment system, making growth there a key driver of its increasingly important Services segment.

Apple also indicated record Apple TV viewership and Apple Music listenership, but did not disclose specific figures.

tech
Jon Keegan

Anthropic rolls out health features, following OpenAI

Healthcare is turning out to be a key battleground as AI companies race to roll out new features in their quest to lure new users to their platforms.

Last week, OpenAI announced the launch of ChatGPT Health, in response to the 40 million health-related queries per day that the chatbot answers. The consumer-focused feature lets users connect health apps and upload medical records securely for the chatbot to analyze and explain.

Today Anthropic unveiled Claude for Healthcare, which offers similar features while also serving healthcare providers. The company described the new product as a “set of tools and resources that allow health care providers, payers, and consumers to use Claude for medical purposes through HIPAA-ready products.”

The company said the feature can be used by healthcare providers to speed up prior authorization requests, build stronger claims appeals, and coordinate patient care.

Patients can connect to systems to access their medical records and lab results, share health data securely from health apps, and “detect patterns” from health metrics.

Anthropic also expanded its existing Claude for Life Sciences product, enabling new connections to additional scientific platforms to support clinical trial management and regulatory work.

Advancing Claude in healthcare and the life sciences

Advancing Claude in healthcare and the life sciences

Today Anthropic unveiled Claude for Healthcare, which offers similar features while also serving healthcare providers. The company described the new product as a “set of tools and resources that allow health care providers, payers, and consumers to use Claude for medical purposes through HIPAA-ready products.”

The company said the feature can be used by healthcare providers to speed up prior authorization requests, build stronger claims appeals, and coordinate patient care.

Patients can connect to systems to access their medical records and lab results, share health data securely from health apps, and “detect patterns” from health metrics.

Anthropic also expanded its existing Claude for Life Sciences product, enabling new connections to additional scientific platforms to support clinical trial management and regulatory work.

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