The Tim Cook Era Ends at Apple and John Ternus Takes Over
In a major leadership shift in the tech world, Tim Cook has stepped down from the CEO position and has been succeeded by John Ternus.
A new era has officially begun at Apple with Tim Cook stepping down as CEO, and former hardware chief John Ternus stepping into the leadership chair.
Leadership Change at Apple
Tim Cook stepped down as CEO this week, handing over the company's management to former hardware head John Ternus.
Cook will remain as Executive Chairman and focus on policy relations.
John Ternus's First Steps
Upon taking office, John Ternus published his first memo announcing that a major launch will take place next week.
This timing means the new CEO is facing the company's upcoming iPhone event before even fully settling into his role.
Emphasis on Artificial Intelligence and Software
On TechCrunch's Equity podcast, hosts Kirsten Korosec and Sean O'Kane evaluated the situation Ternus is facing.
Experts discussed that in the new era, Ternus might be in a better position to make progress in software rather than hardware.
Other Developments in the Sector
The podcast also discussed Nvidia's strategic moves to own the entire artificial intelligence stack.
In the autonomous vehicle sector, there were bustling developments such as Tesla's Cybercab event, Waymo's expansion, and Zoox's first paid rides.
Funds and Acquisitions
Andreessen Horowitz announced its new Machine Age fund valued at $1.1 billion.
In the tech and camera market, GoPro was acquired in a $285 million deal.