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Top stories today:
- Apple names Ternus CEO from Sep. 1 as Cook becomes chairman
- Moonshotās Kimi K2.6 debuts as new top open-weight AI model
- Google forms strike team to boost coding AI as Brin pushes agent pivot
- Amazon to invest up to $25B more in Anthropic
- Project Prometheus, Jeff Bezosā AI lab, nears $10B raise at $38B
- Kevin Warsh faces 10 AM ET Senate hearing to chair Fed amid scrutiny
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Apple names John Ternus CEO from Sep. 1 as Tim Cook becomes chairman
Ternus, SVP of hardware engineering, will join Appleās board when he becomes CEO.
2011: Cook succeeded Steve Jobs shortly before Jobsā death.
Cook āwill assist with certain aspects of the company, including engaging with policymakers around the world,ā Apple said.
Ternus will become Appleās 8th CEO.
Johny Srouji will become chief hardware officer, succeeding Ternus.
Apple will reorganize its combined hardware division into five key areas to simplify structure and expand oversight across major products.
Appleās market cap rose 20x+ under Cook.
Shares closed +1% on Mon.
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3. Moonshotās Kimi K2.6 debuts as top open-weight AI model, rivaling Opus 4.7, GPT-5.4
Kimi K2.6 has topped open-weight models on Artificial Analysis:
It brings significant improvements in long-horizon coding vs. Kimi K2.5, Moonshot AI said.
Kimi K2.6 costs $0.95/$4 per million input/output tokens vs. Opus 4.7ās $5/$25, GPT-5.4ās $2.5/$15 and GLM-5.1ās $1.4/$4.4.
Licensed under a modified MIT license.
Available via Kimi.com, the Kimi app, API and Kimi Code.
Kimi K2.6 scored 6 on the AA Omniscience Index, indicating a low hallucination rate
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5. Google said to form strike team to boost coding AI as Sergey Brin pushes agent pivot
