Antonio Pequeño IV, Forbes Staff

The surge in shares was fueled by the iPhone 17 outselling the iPhone 16 in China and the U.S., according to a report from Counterpoint Research.

Artificial intelligence products are launching at a rapid pace as the sector’s largest companies battle for supremacy and secure increasingly large valuations worth hundreds of billions of dollars.

The investment comes as OpenAI prepares for a share selloff that will value the AI darling at roughly $500 billion.

Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.

“Jimmy Kimmel Live!” will be removed from local ABC stations owned “indefinitely” after comments about conservative activist Charlie Kirk.

The dispute over the Murdoch’s family trust intensified last year, with family patriarch and billionaire Rupert Murdoch seeking to give control to Lachlan, his eldest son.

Apple will host the event Tuesday at 1 p.m. EDT and is expected to reveal the iPhone 17 and an “Air” model of the new iPhone.

The AI firm will pay $3,000 for each of about 500,000 books under the settlement agreement.

Federal prosecutors pushed a judge to force Google to sell its Chrome browser after the company was ruled as a monopolist in court last year.

The streamer is losing over $1 billion annually, according to a March report from The Information.