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| NetEase unease: China's second biggest games publisher is undergoing an overhaul, led by founder and CEO William Ding. He's cut hundreds of jobs, shuttered studios and pulled back on international investment. Profitability and evergreen potential are the new priorities at NetEase Inc. Apple's Trump pivot: Apple Inc. will hire 20,000 new workers and spend $500 billion in the US over the next four years, the company announced on Monday. It's a big gesture of support for President Donald Trump's push for more domestic manufacturing and comes at a time that Apple is seeking relief from punishing tariffs on goods from China. Chegg's Google problem: Shares of Chegg Inc. plummeted 18% in after-hours trading following the company's announcement it is evaluating "strategic alternatives" for its business. The cause? Traffic to its web-based education platform has been decimated after Google's launch of an artificial intelligence-powered summary tool. | |
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| AI startup Anthropic is nearing a deal to raise $3.5 billion at a valuation of $61.5 billion, a larger funding round than the company initially planned to raise. Even with the higher target, the firm has more interest from investors than it has space in the deal. | |
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| The path to innovation is rarely linear, with many of the biggest breakthroughs coming from tiny companies. Whether OpenAI in the US or DeepSeek in China, the pioneers pushing us forward in the artificial intelligence era again seem to be coming from smaller outfits. Vlad Savov looks at this trend and what it portends for future disruptive tech. | |
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