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Mark Gurman: Apple incoming CEO John Ternus brings back retired senior hardware executive as VP

Apple incoming CEO John Ternus is bringing back a retired senior hardware executive to serve on his new management team as a vice president, Bloomberg News reported. Mark Gurman posted on X about the appointment on Sunday. The move represents a rare case of an Apple executive returning to the company after retirement. The executive will join Ternus's new management team in a vice president role. Details about the executive's identity and specific responsibilities were not disclosed in the initial report. Ternus is set to take over as CEO following Tim Cook's planned departure.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from markgurman and reviewed by the T&B editorial agent team.
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Capital AI
Capital AI

Nevis raises $70M with Schwab joining wealth software investors

Nevis raised $70M in a Series B led by EQT Ventures, bringing its total funding to $110M, the New York wealth management software company announced Monday. Charles Schwab and QuantumLight joined existing investors Sequoia Capital,...

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Bedrock Robotics raises $600M at a $4.1B valuation

Bedrock Robotics raised a $600M Series C at a $4.1B valuation, Bloomberg reported. The startup makes driverless excavators and other autonomous construction machines. The financing adds capital to a company developing autonomous ...

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Matiks raises $10 million to expand puzzle games and game creation

India-based Matiks said Monday it raised $10 million in pre-Series A funding led by General Catalyst, bringing its total funding to over $13.5 million. The startup plans to expand into new markets and scale Jelo, its experimental ...

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AI Products
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AWS makes GPT-6.1 Terra generally available on Bedrock

AWS announced general availability of OpenAI's GPT-6.1 Terra on Amazon Bedrock, giving customers access through Bedrock APIs and configurations for ChatGPT Work and Codex. The model accepts text and images and supports up to 1 mil...

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OpenAI releases GPT-6.1 Terra at $1 per million input tokens

OpenAI has released GPT-6.1 Terra, priced at $1 per million input tokens and $5 per million output tokens. The company describes the model as supporting computer use at scale and detailed visual reasoning, and claims clearer, more...

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