Tim Cook, who’s run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn’t expect to be in the room himself for another 15 years. While the tech giant's CEO has given no indication of an imminent transition, he’s made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware engineering, who oversees development of the devices that generate roughly 80% of Apple’s […]

Bloomberg’s Caroline Hyde and Ed Ludlow discuss whiplash in the markets as President Trump outlines talks to potentially end the war in Iran. Plus, Elon Musk's grand plan to manufacture his own chips for robotics, AI and space data centers involves two of his biggest companies. And, Nscale becomes one of Europe's most valuable startups with a $14.6 billion valuation and adds Sheryl Sandberg to its board. (Source: Bloomberg)

Tesla and SpaceX will jointly run an advanced chip manufacturing facility in Austin, Texas, according to Elon Musk, the CEO of both companies. Bloomberg's Loren Grush joins Caroline Hyde and Ed Ludlow to discuss Musk’s Terafab project on “Bloomberg Tech.” (Source: Bloomberg)

Spotify Technology SA laid off 15 people, approximately 3% of its podcasting team, as the company reorganizes to create fewer layers of management and faster decision-making.

John Ternus, Apple's senior vice president of hardware engineering, has become a leading candidate to take over for CEO Tim Cook. Bloomberg's Mark Gurman discusses the growing role Ternus has taken on overseeing the company's products and marketing. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

Lead Edge Capital, an investor in ByteDance, Spotify and Uber, closed Fund VII with $3.5 billion in commitments, which it plans to use to back software and internet businesses. Lead Edge Capital founder and Managing Partner Mitchell Green joins Ed Ludlow and Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)

The Dutch Finance Ministry said it had blocked access to some of its computer systems after a hack was detected on March 19.

Silicon Valley’s alliance with the Trump administration will be on display Tuesday at a summit in Washington where business leaders’ calls to keep the US lead in artificial intelligence will be tested by growing public concern over AI’s economic impact and its use in the Iran war.