Finance industry

Bain & Company warns that artificial intelligence infrastructure will require around $6 trillion in investment by 2030, far beyond what current revenue and traditional financing can support. The consultancy argues new innovation in funding models is required to close the gap between massive compute and data center spending and the industry's still-modest income.

Apple's chief executive John Ternus is reportedly preparing layoffs as the cost of memory chips climbs. The report, picked up by Yahoo Finance, ties potential job cuts to rising component prices squeezing margins. The company has not commented, and details on how many roles could be affected remain unknown.

Gordon Brothers has appointed Sheridan as Managing Director, expanding its equipment finance platform. The move strengthens the firm's lending and asset management capabilities as demand for equipment financing grows. Trade coverage highlights the hire as part of Gordon Brothers' broader effort to scale its commercial finance business and deepen its senior leadership team.

John Ternus, reported to be Apple's new chief executive, is drawing up plans for layoffs, according to a Yahoo Finance report. The job cuts are said to be driven by rising memory chip costs, which are squeezing margins across the tech industry. If confirmed, the move would signal an early cost discipline push under Apple's reported new leadership.

Michael Shaw of Bank of America will take part in the Auto Finance Summit 2026, according to Auto Finance News. The announcement adds a senior banking figure to the conference lineup, which brings together lenders, executives and analysts from across the auto finance industry. Details of his role or session topics were not provided in the announcement.