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| Apple's blowout sales: The company delivered record quarterly revenue fueled by a 23% jump in iPhone sales, but investors remain concerned about the rising costs of components, particularly memory chips. Kioxia's new boss: The Japanese flash memory maker promoted Hiroo Oota to chief executive officer, succeeding Nobuo Hayasaka, who has led the company since 2019. SAP's disappointing results: The German software maker shed €38.7 billion ($46.3 billion) in market value, dropping to the second-most valuable European public company behind Siemens, after reporting cloud sales growth that fell short of expectations. | |
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| German robotics startup RobCo raised $100 million from investors including Lightspeed Venture Partners, pushing its valuation to more than $500 million. The firm is one of many startups trying to use AI to build physical robots to handle a range of tasks. | |
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| Amazon's decision to close its Amazon Go convenience stores marks the end of the company's effort to reinvent brick-and-mortar shopping, Spencer Soper writes in today's Tech In Depth. While Amazon once envisioned 3,000 of the cashierless stores in the US, the technology never caught on with consumers, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world. | |
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| The recently launched Clawdbot digital personal assistant, now renamed Moltbot, was created by software engineer Peter Steinberger, who described the work as just "one dude sitting at home having fun," Agnee Ghosh reports in this week's Q&AI. The open source AI agent has gained the attention of researchers and regular consumers who are using it for tasks from summarizing news feeds to filling out medical paperwork, she writes. You've got questions about AI. We've got answers. Sign up for Bloomberg Technology's weekly Q&AI newsletter. | |
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