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The iPhone That Never Was

Imagine a tech company so visionary that it can take an idea public. A “concept IPO,” they called it.Picture the three founders, all former Apple employees, two of whom—software engineers Andy Hertzfeld and Bill Atkinson—were already…

Arm Is Now Making Its Own Chips

Arm, one of the world’s leading chip design firms, announced Tuesday that it is producing its own semiconductors. The move is a departure from its long-standing model of licensing intellectual property to companies that manufacture and sell…

Can AI Kill the Venture Capitalist?

Last fall, as venture capitalists were sinking record sums into artificial intelligence, a group of investors gathered to appraise a new startup. The company, Infinity Artificial Intelligence Institute, made software to automatically tune…