Apple plans to raise product prices due to a surge in memory chip costs. CEO Tim Cook stated that these price increases are "unavoidable" as the current situation regarding memory chips is "unsustainable."

OpenAI closed a funding round totaling $122 billion, achieving a post-money valuation of $852 billion. SoftBank co-led the round with participation from investors including Andreessen Horowitz and D. E. Shaw Ventures.