This week's Week in Review highlights notable tech industry updates, including Apple's substantial $900 million tariff payments disclosed by Tim Cook during earnings, yet no price increase is slated. Mach Industries, founded by 21-year-old Ethan Thornton, is nearing a $100 million funding round, raising its total financing to $185 million. Meanwhile, Alibaba announced its Qwen3 AI models, claiming superiority over competitors but not yet available for public use. Amazon also made strides in launching internet satellites, aiming to meet FCC deadlines for its project.
During Apple's earnings call, Tim Cook revealed the company paid $900 million in tariffs last quarter, yet did not announce any price increases.
Ethan Thornton's Mach Industries is closing in on $100 million in new financing, which will total approximately $185 million after this funding round.
Alibaba's Qwen3 AI models are described as 'hybrid' and claim to surpass OpenAI and Google, although they are currently unavailable for download.
Amazon successfully launched its first 27 internet satellites this week as part of its plan to create a space-based internet network.
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