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AI & Enterprise

VC investor says AI boom to concentrate gains among few firms

Mel Williams, co-founder of TrueBridge Capital Partners, said the AI boom will generate unprecedented wealth for venture capital but warned many startups will fail. He told a podcast that early AI markets are overheated, with founders securing large funding without proven product-market fit. He expects a few companies to dominate as AI software scales quickly and adoption accelerates. He said AI now accounts for 50 to 60 percent of venture activity, making a major shakeout likely.

AI & Enterprise

Trump phone still unreleased after planned August launch

A smartphone venture run by President Donald Trump's sons has struggled to advance, with the T1 device still unreleased after a planned August launch slipped to October and then to later this year. Promotional language shifted from Made in USA to created in the United States. Trump Mobile has issued no statement and its social media activity halted in August, yet it continues taking 100 dollar reservations with the remaining 399 dollars due on delivery.

AI & Enterprise

Intel seen likely to produce Apple M-series chips from 2027

Apple is viewed as likely to begin using Intel to produce its M-series chips from 2027, analyst Ming-Chi Kuo said in a report cited by The Verge. Apple has a confidentiality agreement with Intel and secured Intel’s 18AP PDK 0.9.1GA chip. Apple is waiting for Intel’s PDK 1.0 and 1.1 kits due in early 2026. If progress stays on track, Intel could start shipping low-end M-series processors made with its 18AP process in mid to late 2027. The Verge said the move could strengthen Apple’s ties with the U.S. government and support Intel’s long-term growth.