The Chip-pocalypse Comes For Apple

Tim Cook warned Apple price hikes are unavoidable as AI gobbles up memory chips. Noam Shazeer bolted from Google to OpenAI. Midjourney unveiled a bizarre full-body ultrasound scanner, and businesses piled into Kalshi to hedge real-world risk.

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In an interview, Tim Cook says Apple price hikes are "unavoidable" to offset surging memory and storage chip costs, and "the situation has become unsustainable" (wsj.com/tech/apple-price-increases-memory-supp…) (The Wall Street Journal)

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Star Google AI Researcher Shazeer Joins OpenAI (theinformation.com/articles/star-google-ai-res…) (The Information)

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Midjourney unveils its first hardware product, the Midjourney Scanner, an ultrasound-based full-body scanner; it is unclear how AI fits into the medical effort (theverge.com/ai-artificial-intelligence/952011…) (The Verge)

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Businesses have started using Kalshi to hedge business risks; Kalshi says institutional trading volume on its platform has grown 800% since November 2025 (nytimes.com/2026/06/17/business/dealbook/hedgi…) (The New York Times)