Apple's App Store saw $1.4 trillion in total sales, marking an increase from $1.3 trillion the previous year. Of this impressive figure, $149 billion came from digital goods, with 90% of these transactions occurring without Apple taking a commission.
Benchmark, the renowned Silicon Valley venture capital firm, has ended its long-standing practice of limiting fund sizes to around $425 million by launching its first-ever growth fund, contributing to a total capital raise of $2 billion.
Lovable has entered into a new multiyear agreement with Google Cloud, significantly increasing its usage by five times. The deal also grants Lovable enhanced access to Anthropic Claude, boosting their cloud capabilities.
Three major companies are gearing up for public listings this year, collectively valued at over $3 trillion. SpaceX is expected to go public as soon as June 12, aiming for a historic IPO with a $1.77 trillion valuation by offering 555.6 million shares at $135 each. Alongside SpaceX, Anthropic has also filed for an IPO, marking a significant moment in the market's evolution.
Taiwan Semiconductor Manufacturing Co. (TSMC), the largest semiconductor manufacturer globally, is struggling to keep up with soaring demand from its American clients, even as it expands its U.S. manufacturing footprint. CEO C.C. Wei acknowledged on Thursday that customer demand is exceptionally high, stating, "We can only support so much." He emphasized efforts to prevent TSMC from becoming a production bottleneck. The rapid rise in AI applications has already strained the memory sector, giving rise to prolonged shortages in RAM and NAND Flash memory. This AI-driven surge continues to drive semiconductor sales upward.
CommerceClarity, a leading AI-driven platform specializing in catalogue operations, has acquired Katalogo.ai. The platform is trusted by top retail brands and enterprises such as Prada, STIGA, Cisalfa Sport, Arcaplanet, Next Hardware & Software, and Top Farmacia. This acquisition aims to enhance CommerceClarity's ability to streamline catalogue management and boost operational efficiency for its clients.
According to CNBC sources, Elon Musk is exploring the possibility of merging Tesla with SpaceX. The space exploration company aims to raise $75 billion through its initial public offering, marking one of the largest IPOs ever, with a valuation around $1.7 trillion.
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