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This promises to be an action-packed week. On Monday, Apple kicks off its annual Worldwide Developers Conference, or WWDC for short, where the tech giant is expected to unveil a new operating system for its mobile devices, complete with more advanced AI features. And then later in the week, SpaceX is scheduled to go public.
Rather than add to the acres of text and video already expended on the Elon Musk event, let’s discuss WWDC. It also is the subject of massive news coverage, of course, but WWDC has the benefit of being rooted in the here and now, unlike the far-in-the-future promises of SpaceX. What’s important about WWDC is that the AI features to be introduced could—depending on consumer reaction—have far-reaching implications for how we use apps.
We’re expecting Apple executives to show off a newly overhauled Siri on the iPhone that will be able to take multistep actions, such as booking a lunch with your mother and then scheduling it in your calendar. Yes, we know, Apple unveiled something similar in 2024 and then ran into problems implementing it. But this time, it’s different! Or at least we hope so. Since Apple teamed up with Google, its AI offerings should work this time—fingers crossed.
Put aside for a moment the most important question of whether consumers want this kind of feature. Let’s assume they start using it. According to Francisco Jeronimo, a vice president of devices at research firm IDC, this more intelligent Siri means consumers won’t need to open individual apps to do things as much. Instead, Siri can handle everything. We will still need the apps on the phones, mind you, as Siri has to communicate with the apps in the background. But any apps reliant on people opening them regularly for, say, advertising sales, could face a problem over time.
It’s also possible Apple starts charging for these features at some point, maybe splitting the revenue it gets with the apps and other business partners, such as Google. In other words, Apple, despite having spent a fraction of what other tech companies are laying out on AI development, could build a decent revenue stream from AI.
This is all in the future, of course. We’ll have to see how it works once the software is available, presumably in the fall when Apple’s new mobile software typically debuts. But if you’re wondering why Apple stock has rallied roughly 25% since the end of March—and is now up 13% on the year—this might give you a clue.
SpaceX’s Big Day
SpaceX’s advisers will be hoping Friday’s market upheavals don’t recur this week, as the company heads toward a pricing of its offering. The Nasdaq index fell 4%, while the S&P 500 was off 2.6%. That’s quite a sell-off, which Bloomberg attributed to rising worries that interest rates will hike.
Rising interest rates would be problematic for tech, given the ravenous appetite AI developers have for new funding. We’re due for a market correction, however, given all the worries about rising oil prices and the Iran war. All this means this is a week to be paying attention.
• Google has agreed to pay $920 million a month to purchase compute capacity from SpaceX, SpaceX said in a filing. The deal will run from October 2026 through June 2029, and Google will be able to access approximately 110,000 Nvidia GPUs, CPUs and related components, according to the filing.
• President Donald Trump told reporters on Friday that he plans to meet with AI companies in the near future to discuss financial “partnerships,” though he did not share further details on what the deals would look like. The remarks come after a Thursday report from NOTUS that OpenAI CEO Sam Altman had spoken with senior Trump officials about the government taking a stake in his company.
• Tesla is delaying a planned public demo for its long-awaited next-generation Roadster to August or later, four people with knowledge of the program said, marking the latest setback for the company’s first vehicle debut since its Cybercab came out nearly two years ago. CEO Musk had said in October 2025 that Tesla was aiming to unveil the new Roadster on April 1.
• LinkedIn co-founder and investor Reid Hoffman will leave his seat on Microsoft’s board of directors at the end of this year, Microsoft said in a filing Friday. Hoffman has served as a Microsoft director since 2017, when the company acquired LinkedIn.
• Big banks including JPMorgan, Bank of America, and Citi are planning to participate in a new settlement network to be launched next year, which will allow banks to move money on the blockchain between each other.
Friday on The Information’s TITV
Check out Friday’s episode of TITV in which we unpack our latest reporting on Anthropic cutting off xAI’s access to its products.
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