Apple Unveils iOS 26 with AI; OpenAI's Revenue Hits $10 Billion
Key Takeaways
- Apple unveiled iOS 26 with AI features, upgrades, and developer access at WWDC 2025.
- OpenAI's annualized revenue run rate surged to $10B, targeting $12.7B in 2025.
- Qualcomm to acquire Alphawave for $2.4 billion; Alphawave shares jumped 22%.
- Five Waymo robotaxis were vandalized in Los Angeles amid protests; three were set on fire.
- Jony Ive partners with OpenAI to create a potential rival AI device.
Top Stories
Apple unveils iOS 26, AI features at WWDC 2025
On June 9, 2025, at WWDC 2025 in Cupertino, California, Apple announced iOS 26, upgrades to operating systems, and new features in its Apple Intelligence suite, including opening up its technology to developers. The updates include improvements to CarPlay, call screening, customizable chat backgrounds, Live Translation, Apple Pay integration, and generative AI capabilities for developers.
OpenAI's annualized revenue run rate surges to $10B
On June 9, 2025, OpenAI announced its annualized revenue run rate surged to $10 billion as of June, up from $5.5 billion in December 2024, and is on track to achieve its revenue target of $12.7 billion in 2025.
Qualcomm to acquire Alphawave for $2.4 billion
On June 9, 2025, Qualcomm agreed to acquire Alphawave for about $2.4 billion, with Alphawave shareholders receiving 183 pence per share, a near 96% premium to the March 31 closing price; the acquisition is expected to close during the first calendar quarter of 2026. Alphawave shares jumped more than 22%, while Qualcomm shares rose about 4%.
Waymo robotaxis, Lime e-scooters attacked in Los Angeles
On June 8, 2025, in downtown Los Angeles, amid protests against immigration raids, five Waymo robotaxis were vandalized, with three set on fire, and some Lime e-scooters were also damaged, as reported by Rebecca Bellan on June 9, 2025. The LAPD warned of toxic gases from burning lithium-ion batteries.
Jony Ive partners with OpenAI for AI device
On 2025-06-10, it was reported that Jony Ive, the designer behind the iPhone, has partnered with OpenAI to create a potential rival device for AI engagement.
AI Developments
DeepSeek's low-cost R1 model shakes up AI industry
On June 9, 2025, it was reported that startup DeepSeek released its low-cost R1 model as open-source software, shaking up the global AI industry due to its competitive performance despite being developed at a fraction of the cost of Western rivals.
China's Rednote releases open-source large language model
On June 9, 2025, it was reported that China's Rednote, a popular social media platform, released an open-source large language model.
Apple's AI & OS
iOS 26 coming this fall with major redesign
Apple announced on 2025-06-10 that the next operating system will be iOS 26, available across all Apple devices in the fall, coinciding with the expected release of the iPhone 17, and will include the first major iOS redesign since 2013, called "liquid glass".
Siri's AI makeover needs more development time
Apple CEO Tim Cook mentioned on 2025-06-10 that Siri’s AI makeover is still under development and needs more time to meet Apple’s high standards for quality, privacy, and data security.
AI Business
Anthropic's annualized revenue crosses $3 billion
As of June 9, 2025, Anthropic recently crossed $3 billion in annualized revenue due to high demand from code-gen startups using its models.
OpenAI introduces various subscription offerings for consumers
As reported on June 9, 2025, OpenAI has introduced a variety of subscription offerings for consumers and businesses in the two years since launching its ChatGPT chatbot.
Global Tech Affairs
Italy and Israeli Paragon part ways after spyware affair
AI in Advertising
Meta aims for full AI ad creation by 2026
Meta aims to allow brands to fully create and target ads with its AI tools by the end of 2026, as reported on 2025-06-09.
AI-driven search ads threaten keyword-based ad revenue
According to a report published on 2025-06-09, Emarketer recently said companies that rely on traditional keyword-based search ads could lose revenue due to the growing popularity of AI-driven search ads.
Cybersecurity Breaches
Cyber incident disrupts United Natural Foods operations
According to a report published on 2025-06-10, Whole Foods supplier United Natural Foods says a cyber incident disrupted operations.
EV Revolution
Mitra Chem raising $50M for battery materials
On June 9, 2025, Mitra Chem was reported to be raising $50 million for its battery materials, having already raised $15.6 million in a funding round, focusing on developing materials to enhance the energy storage capacity of lithium-iron-phosphate (LFP) batteries.