๐ EU takes a bite out of Apple: The iPhone maker is reportedly going to be hit with the EU's first major Digital Markets Act fine, per Bloomberg. We don't yet know how big the fine will be, but it could be up to 10% of Apple's global annual turnover — likely to be tens of billions of dollars. Read More
๐ฉบ Automating the boring stuff: No one likes administrative work, and after working for 14 years as a medical researcher and doing tasks that didn't require any medical expertise, Amber Hill was done with it. She started Research Grid to automate away the administrative drudgery involved in clinical trials, and the startup just raised $6.5 million to make researchers' lives easier. Read More
๐ Jensen Huang is going to print more leather jackets: Nvidia just surpassed Apple to become the world's most valuable company, riding high on the AI wave. The chipmaker was valued at $3.43 trillion when markets closed on Tuesday. For reference, that's more than the GDP of countries like India, the U.K. and France. Read More
๐ After the peak comes the trough: Meanwhile, Apple has warned its investors that its new and future products may never be as profitable as the iPhone. The company has its fingers in many pies, pursuing AI, mixed-reality headsets and other hardware, but a revolutionary product remains across the horizon. Read More
๐ Find my everything: Apple could soon let users use a link to share the location of lost or missing items via the Find My app with people who are not in their contacts. I can see this coming in handy for lost luggage that has an Airtag attached. Read More
๐ฐ VC for Iberia: Lisbon-based venture firm Faber is doubling down on the Iberian Peninsula, which is home to Spain and Portugal. The VC has launched its third fund with a first close of about $33.9 million, and aims to raise about $64.2 million in total. Read More