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AI & Enterprise

Apple tops $5 trillion in intraday market value for first time

Apple crossed $5 trillion in intraday market value for the first time, regaining its position as the world’s most valuable listed company after overtaking Nvidia. Apple shares rose 0.72 percent to $339.33, lifting its market value to $4.98 trillion, after hitting $342.89 and $5.04 trillion intraday. The stock is up 25 percent this year. Investors are reassessing Apple’s AI spending approach ahead of earnings due on July 30.

AI & Enterprise

Forrester warns OpenAI could become AI\'s BlackBerry, urges avoiding vendor lock-in

Market research firm Forrester has advised corporate customers to guard against dependence on a single supplier ahead of OpenAI\'s IPO, The Register reported on June 11. In a report timed to OpenAI\'s confidential filing, Forrester urged buyers to avoid being tied into long-term contracts and to keep architectures flexible, warning OpenAI could become AI\'s BlackBerry. It said OpenAI faces three challenges, and urged buyers to choose needed capabilities and prepare to switch vendors.

AI & Enterprise

Google, Microsoft join AI coding race as winning developers seen as key to cloud

Google and Microsoft are moving more aggressively into the AI coding market led by Anthropic and OpenAI, as big tech competes to keep developers tied to its AI models, platforms and cloud services. Analysts say the battle is less about selling tools than about ecosystem control. Market forecasts point to rapid growth. Companies such as MongoDB and Snowflake are using multiple services rather than committing to one provider.