Sources: iOS 27 will be a Snow Leopard-style update focused on bug fixes and performance, plus new AI features; FT's retirement report on Tim Cook was premature (Mark Gurman/Bloomberg)

Apple's upcoming iOS 27 update is expected to prioritize performance improvements and introduce new artificial intelligence features, reflecting a strategic focus on enhancing user experience and system efficiency. This update has been characterized as a 'Snow Leopard' update, indicating a streamlined approach with fewer new features compared to previous versions.

Apple's upcoming iOS 27 update, dubbed a 'Snow Leopard' update, will focus on quality enhancements and introduce new artificial intelligence features, while rumors regarding CEO Tim Cook's departure have been deemed premature. Additionally, a notable designer behind the iPhone Air has left the company.

A sanctioned Russian oil tanker changed its course while heading to Venezuela after encountering a U.S. Navy destroyer in the Caribbean, as reported by vessel-tracking data analyzed by Bloomberg.

Bloomberg’s Caroline Hyde reports on the recent volatility in markets driven by investor anxiety surrounding AI and cryptocurrency. OpenAI has partnered with Foxconn to design AI data center hardware in the US, while Cerebras CEO Andrew Feldman comments on the US approval for advanced AI chips to be sold to the Middle East.

Canva's COO, Cliff Obrecht, discussed the company's upcoming product rollouts and leadership enhancements as it prepares for a public offering. This announcement was made during an interview with Caroline Hyde on Bloomberg Tech.

Meta is entering the power trading market to support its AI expansion, committing to long-term energy contracts to assist plant developers. This strategic move aims to bolster Meta's infrastructure as it continues to grow its artificial intelligence capabilities.

Bloomberg's Caroline Hyde reports on a turbulent week for markets driven by investor anxiety surrounding AI and cryptocurrency. OpenAI is collaborating with Foxconn to develop AI data center hardware in the U.S. Additionally, Cerebras CEO Andrew Feldman comments on the U.S. approval for advanced AI chips to be sold to the Middle East.

Sources indicate that Trump's team has recently discussed the possibility of allowing Nvidia to sell its H200 artificial intelligence chips to China. This marks a significant shift from the administration's previous public stance on technology exports to China, reflecting evolving strategic considerations.