Apple·
Apple rebuilt Siri on Google's Gemini and is paying $1 billion a year for it
At WWDC 2026 Apple shipped Siri AI, rebuilt on a custom Google Gemini model running on its own servers. Here are the catches behind the demo.
Person
John Ternus
RSSApple's incoming CEO, effective September 1. Previously SVP of Hardware Engineering.
4 articles
First covered Apr 21, 2026, latest Jun 9, 2026
Apple·
Apple dropped its 7-year 'net cash neutral' policy. Ternus is freeing up the balance sheet for AI.
Mark Gurman's May 3 Power On reads Apple's quiet capital-allocation shift as cover for John Ternus to spend more on AI infrastructure and acquisitions, less on buybacks.
Apple·
Apple booked $111.2B in Q2 with Ternus on the call. Cook warned about RAMageddon.
Apple posted record Q2 revenue of $111.2B (up 17%). John Ternus joined his first earnings call as named CEO. Cook warned AI memory costs will hit Apple's June quarter.
Apple·
Tim Cook is stepping down. John Ternus is Apple's next CEO, effective September 1.
Apple confirmed John Ternus will become CEO on September 1, 2026. Tim Cook moves to executive chairman after 15 years running the company.