Cisco Systems announced the development of a networking chip that uses quantum mechanics. The prototype entanglement source chip, which the company claims can generate up to one million entangled photon pairs per second (at room temperature), was created through the Outshift by Cisco incubator in partnership with UC Santa Barbara. While other companies are building quantum computers, Cisco is focusing on infrastructure, network and security frameworks. The company has also opened a new research facility in Santa Monica, California — Cisco Quantum Labs — dedicated to quantum networking tech. Read more

Apple has teamed with Anthropic on a “vibe coding” AI platform that will write, edit and test software for developers. The system is essentially an update on Xcode, Apple’s free integrated development environment (IDE) that will be powered by Anthropic’s Claude Sonnet model, according to reports. Apple’s plan is said to be introducing the software internally then deciding later whether to launch it publicly. Apple developed the proprietary Xcode suite of tools and began using it in 2003 to code, debug, test and vet submissions to the App Store for software that runs on all of its operating systems, from iOS to visionOS. Read more

Apple had a legal setback last week when a federal judge in California ruled in favor of Epic Games, which sued the tech giant for violating a court order to stop demanding commission fees for purchases outside of the Apple App Store. In a ruling last week, Apple was found to be in “willful violation” of a 2021 injunction prohibiting it from anticompetitive practices involving pricing. U.S. District Court Judge Yvonne Gonzalez Rogers went so far as to refer the case to prosecutors for a possible criminal investigation. Apple has already filed a notice of appeal. Read more

Subscription movie theater ticket sales company MoviePass is taking a cue from fantasy sports with a daily fantasy platform themed around Hollywood. Called Mogul, it has launched in beta with backing from blockchain company Mysten Labs and Hong Kong-based Web3 software company Animoca Brands. Mogul lets users track the performance of fantasy films and compete to climb leaderboards. Players are assigned a budget and given a digital wallet in which to store “studio credits” to fund projects and bet on box office performance. MoviePass says it has more than 400,000 sign-ups for Mogul’s early-access waitlist. Read more

Apple reported revenue increased 5 percent to $95 billion in Q1, beating Wall Street analysts’ expectations. Net income was up by nearly 5 percent, to $24.8 billion, from the January-to-March period in 2024, and iPhone sales increased by 2 percent, helped by demand for the more affordably priced 16e model. Services were particularly strong, with $26.6 billion in revenue for the quarter, up from $23.9 billion year-over-year, also beating analysts’ expectations. But it isn’t exactly business as usual. CEO Tim Cook said tariffs will increase costs by $900 million in the June quarter. Read more