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Apple Moves to Freeze OpenAI's Hardware Push

By Oliver BennsAugust 5, 2026

Apple has asked a federal judge for a preliminary injunction to block OpenAI and two former Apple employees from accessing or using what it claims are stolen trade secrets, and to fast-track the case ahead of an October 1 hearing. The move follows last month's lawsuit accusing OpenAI of poaching hundreds of ex-Apple staff, including design chief Jony Ive, to build a rival AI hardware device. OpenAI hit back in a blog post branding the suit careless and oddly personal, but stopped short of denying the underlying conduct. A granted injunction could stall the debut of OpenAI's first device, an ambient AI speaker slated for later this year, into which it has already sunk over $6bn acquiring Ive's hardware team.

SpaceX Debut Earnings Sink 8% Despite 92% Revenue Jump

SpaceX's first publicly reported quarter showed revenue up 92% year-over-year with all three segments beating expectations, but shares fell 8% in after-hours trading. Capex ran roughly $11bn above one analyst forecast, and disclosures revealed 38% of revenue comes from just two customers. Losses narrowed largely on the back of accelerating AI rental income, tied to a deal with Anthropic. A separate partnership with Nvidia signals a pivot away from earlier plans to design custom chips.

Anthropic Taps Blackstone for $36bn to Rent Google Chips

Blackstone is in early talks to lend Anthropic around $36bn to finance leasing AI chips from Google, according to Bloomberg. The debt would come on top of roughly $32bn in venture funding and a $3.5bn loan taken just months ago. Google itself committed up to $40bn to Anthropic in April, with $10bn already wired - none of it enough to cover the cost of buying back Google's own compute. The scale of borrowing underscores how unprofitable frontier model economics remain.