Funding & Business
Apple Stock Downgraded After iPhone 17 Reveals
Apple Inc. was hit with a pair of downgrades on Thursday, in the latest sign of caution toward the iPhone maker, a day after revealing the new lineup of iPhones. One analyst says the new products “left us uninspired.” Bloomberg’s Mark Gurman reports. (Source: Bloomberg)
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Apex, a spacecraft manufacturer of mass-produced satellite bus platforms, has just raised a $200 million Series D funding round that brings the company’s valuation over $1 billion dollars. Apex CEO and co-founder Ian Cinnamon joins Caroline Hyde to discuss his outlook for the industry on “Bloomberg Tech.” (Source: Bloomberg)
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Accenture CEO Julie Sweet expects long-term growth to be driven by artificial intelligence. Speaking with Caroline Hyde on “Bloomberg Tech,” Sweet says the company is now training more than 700,000 staffers in agentic AI. Accenture CEO Sees AI as a Long-Term Growth Driver (Source: Bloomberg)
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Tesla Inc. Board Chair Robyn Denholm says CEO Elon Musk’s political activity has not hurt the company. “What he does from a political perspective in terms of his political motivations is up to him,” Denholm said Friday. “From a politics perspective, obviously we’re in a democracy, so everyone gets to voice their points of view.” Denholm spoke exclusively on “Bloomberg Tech.” (Source: Bloomberg)
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