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| iPhone Air delay: Apple delayed the launch of its new iPhone Air in mainland China, where regulators have yet to clear its eSIM-only design. Beijing’s chip retaliation: China’s Ministry of Commerce initiated two probes targeting the US semiconductor sector shortly after Washington added 23 more China-based companies to its restricted entity list. The exchange sets up a tense opening to a key meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng this week. Tencent’s OpenAI hire: Shenzhen-based Tencent has hired Yao Shunyu to work on integrating AI into its services, marking the return of a prominent AI scientist from the US to China. Yao had most recently worked at OpenAI after stints at Google and Princeton University, having initially graduated from Tsinghua University. | |
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| The IPO market kicked into high gear last week, with a sextet of deals raising more than $4 billion in the busiest period since 2021. Those deals were led by tech names: Stockholm-based Klarna does fintech while Gemini operates a crypto exchange and Figure is a blockchain lender. | |
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| The new iPhone lineup has people excited, with Apple finally returning to its design and engineering roots and rolling out not one, but two new designs. The iPhone Air is built with an obsession for thinness, though for Bloomberg’s Austin Carr, the revamped iPhone 17 Pro checks off the right boxes with major improvements in cameras, battery life and heat dissipation. Read his account of why he splurged on the priciest iPhone in today’s Tech In Depth essay. | |
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