Apple becomes a debt collector with its new developer agreement

ChatGPT has achieved a significant milestone, reaching $3 billion in lifetime mobile consumer spending within just 31 months, outpacing other popular apps like TikTok and major streaming services. This rapid financial growth highlights the app's increasing adoption and user engagement in the mobile market.

Two 21-year-old dropouts have successfully raised $2 million to establish Givefront, a fintech company tailored specifically for nonprofits, including food banks, churches, and homeowner associations. This initiative is backed by Y Combinator, highlighting the growing interest in innovative financial solutions for the nonprofit sector.

Apple has announced that it will increase the number of ads displayed in App Store search results starting next year, aiming to enhance opportunities for advertisers while ensuring that ads remain relevant to user searches. The company has committed to not displaying irrelevant ads, regardless of the advertisers' bids.

Luma AI has launched a new AI model that enables users to generate videos by specifying a start and end frame, available through its Dream Machine platform. This innovative tool is expected to enhance user creativity and streamline video production processes.

Lovable, a vibe-coding startup, has successfully raised $330 million in funding, leading to a valuation of $6.6 billion, which marks a significant increase from its previous valuation just five months ago. This rapid growth underscores the company's strong market position and investor confidence in its innovative approach to AI coding solutions.

Apple engineers are actively inspecting bacon packaging as part of the new Apple Manufacturing Academy, which aims to enhance the capabilities of U.S. manufacturers. Initial participants have reported that the company's hands-on support and transparency are positively impacting their operations and profitability.

Apple and Amazon are facing a £900 million lawsuit in the UK, led by Justin Le Patourel through JLP A&A Class Representative Limited, over allegations of price-fixing. The claim is supported by competition litigation firm Hausfeld & Co LLP, highlighting significant concerns regarding pricing practices in the tech industry.

The US Government has launched the Tech Force initiative aimed at attracting top technology talent, particularly in artificial intelligence, to collaborate with major tech companies like Apple, Microsoft, and OpenAI. This initiative is part of a broader effort to enhance the nation's technological capabilities and innovation landscape.