Apple named hardware chief John Ternus to succeed Tim Cook as CEO in September, with Cook becoming executive chairman. Investors see the hardware focus positively amid concerns over Apple's lag in AI compared to megacap peers.

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Apple has cut some engineers' daily AI spending caps from $300 to $200 and is considering $100, Bloomberg reports. Many non-engineering groups already sit at $100 a day, with some teams eyed for $25, while some senior executives are exempt and Apple declined to comment.
Google says it is launching a Knowledge Work layout in Antigravity for research, documents, and other non-code work, on the same agent as the coding interface.
Adobe and Disney announced a multi-year alliance on November 9, including custom generative models in Adobe Firefly Foundry trained on Disney properties.
Nvidia's board says it is opening an independent investigation after reports that CEO Jensen Huang was the target of a foreign intelligence effort. It says it has no reason to believe secrets were compromised, and Huang has said he will cooperate.
Meta has released Muse Ember, which it calls its smallest and most efficient AI model for agent subtasks such as tool calls and coding. It is available as muse-ember-1.0 at $0.10 per million input tokens.