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SK Hynix in talks to make Apple memory chips at Intel's Ohio plant

Reuters reports that SK Hynix, which supplies Apple with RAM and flash memory, is discussing a deal with Intel to produce chips at Intel's planned Ohio facility, potentially leasing part of the site. This would mark the first time the South Korean company manufactures memory chips on US soil, though sources say details remain unclear and nothing has been finalized.

Tim Cook to attend White House state dinner for Xi Jinping, retaining Apple's government-liaison role

Despite stepping down as Apple CEO, Tim Cook has kept the responsibility of engaging with governments as part of his new executive chairman title. Bloomberg reports Cook, along with OpenAI's Sam Altman, will attend a White House state dinner honoring Chinese President Xi Jinping amid tense US-China relations over AI, trade and geopolitics.

Chinese AI firms trail OpenAI, Anthropic by 10x in revenue, Rhodium finds

Rhodium Group estimates that all major Chinese AI companies combined—including DeepSeek, MiniMax, Moonshot, Z.ai, ByteDance and Alibaba—generate roughly one-tenth the annualized revenue of OpenAI and Anthropic alone. DeepSeek's estimated annual recurring revenue is just $500 million, while OpenAI's reaches $40 billion and Anthropic's $65 billion.

Spotify launches Fresh Finds Forward, adding perks for playlisted artists

Spotify introduced Fresh Finds Forward, a program offering artists placed on any Fresh Finds playlist after January 1, 2026 a year of extra support. Benefits include free studio sessions at notable US studios, early access to Spotify tools, priority partnerships for tours and videos, software subscriptions from Landr and Splice, and six months of free therapy via BetterHelp.

Snapchat CEO Evan Spiegel signals openness to teen daily time limits

Snapchat CEO Evan Spiegel told the BBC his company would consider adopting default daily time limits for teenage users, echoing measures Meta agreed to in a recent $12.7bn settlement with US states. Meta had pledged two-hour daily caps, muted school-hours notifications and nighttime blocks for teens, and offered to pay an extra $5.3bn if rivals like Snap, TikTok and YouTube adopt similar restrictions.

Fed Lifts Benchmark Rate to 3.75-4% in First Hike Since 2023

The Federal Open Market Committee voted unanimously to raise interest rates by a quarter point, marking the Fed's first increase since July 2023 and pushing its benchmark rate to a range of 3.75 to 4 percent. Chair Kevin Warsh cited persistently high inflation as the reason for the move. The change will ripple differently across consumer debt, from mortgages to car loans to credit cards.

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