Tech news digest for Monday, June 22, 2026

Top Wealth Management Firms for 2026 Revealed

CNBC has released its inaugural Elite Advisors list, highlighting 25 top wealth management firms catering to ultra-high net worth clients. The firms on the list average 31 years in business, reflecting a mix of established players and newer entrants, with the oldest founded in 1923 and the newest in 2023. As the wealth of the ultra-wealthy continues to grow, these firms are increasingly focused on providing comprehensive services, including tax, estate, and philanthropic planning.

• The wealth management sector is targeting households with over $20 million in assets.
• The top 1% of U.S. households now hold nearly 25% of total household wealth, up from 10% in 2010.

Alan Greenspan, former chairman of the Fed, dies at age 100

Alan Greenspan, the influential former chairman of the Federal Reserve, passed away at the age of 100 due to complications from Parkinson's Disease. Known as 'the Maestro,' Greenspan led the Fed for 19 years, from 1987 to 2006, under four U.S. presidents, including Ronald Reagan and George W. Bush. His tenure was marked by significant events, including the dot-com boom and bust, and he famously warned of 'irrational exuberance' in 1996, a phrase that sent shockwaves through the markets. Greenspan's policies are credited with fostering the longest economic expansion in U.S. history, although they later faced criticism for contributing to the housing bubble that led to the Great Recession.

• He coined the term 'irrational exuberance' in 1996, which impacted markets significantly.
• He was married to NBC journalist Andrea Mitchell for 29 years.

Apple’s productivity apps have a small but useful AI enhancement in macOS 27

Apple's upcoming macOS 27 introduces a useful AI enhancement in its productivity apps, including Pages, Numbers, and TextEdit. The AI model analyzes the content of documents and automatically suggests relevant file names after a few minutes of editing. For instance, a Numbers document could be named 'User Engagement Metrics iOS 27', while a Pages document might receive the title 'iOS 27 Review'. Users can choose from multiple suggestions or create their own names when saving a new document.

Chevron to fuel massive Microsoft data center in Texas with natural gas

Chevron has entered a 20-year agreement to supply natural gas for Microsoft's massive Project Kilby data center in West Texas, which is expected to consume nearly 2.7 gigawatts of electricity, enough to power about 2 million homes. The majority of this electricity will be generated by large gas turbines from Chevron's partner, GE Vernova, with additional support from Caterpillar. Although construction has not yet commenced in Reeves County, Chevron anticipates making a final investment decision later this year, with the data center slated to begin receiving power in 2028. This partnership reflects Microsoft's ongoing expansion of data center infrastructure to support its growing artificial intelligence applications.

• Microsoft plans to invest $190 billion in capital expenditures this year, a 61% increase from 2025.

Apple Watch Series 11, Ultra 3, and more hit new Prime Day lows (from $199)

Amazon has launched early Prime Day deals, resulting in record-low prices for various Apple Watch models. The Apple Watch Series 11 is now available for $279 for the 42mm version and $309 for the 46mm version, both marking significant discounts of up to $120 off their list prices. The Apple Watch Ultra 3 has also seen substantial price cuts, with select models now priced at $649, down from $799. Additionally, the Apple Watch SE 3 is offered at a starting price of $199, the lowest since Black Friday, making it an attractive entry-level option for consumers.

SpaceX stock falls premarket, continuing selloff after rally and blockbuster IPO

SpaceX shares fell more than 5% in premarket trading on Monday, continuing a selloff after a significant rally following its record-breaking IPO on June 12. The stock, which had surged in its first two days as a public company, saw its market cap briefly surpass that of Amazon and Microsoft. However, shares dropped 5% and 3.6% on Wednesday and Thursday, respectively, before the Juneteenth holiday, leaving the stock still up 37% from its IPO price of $135 at market close on Thursday. Investors remain optimistic about CEO Elon Musk's ability to drive long-term returns despite the company posting a $4.9 billion net loss in 2025.

• Elon Musk's net worth reached $1 trillion following the IPO.

Sakana AI's Fugu orchestrates multiple LLMs to match Anthropic's Fable and Mythos benchmarks

Sakana AI has introduced Fugu, a multi-LLM orchestrator that dynamically coordinates various language models while presenting a unified interface through a single API. The system reportedly outperforms Anthropic's top models, Fable 5 and Mythos, in various benchmarks, despite not including them in its model pool. Fugu is available in two versions: a base model for everyday tasks and a more advanced Fugu Ultra variant, which excels in complex problem-solving scenarios. Early beta testers have noted significant improvements in tasks like automated data research and code reviews, highlighting Fugu's potential in enhancing AI workflows.

• Sakana AI's Fugu is designed to reduce vendor lock-in with a swappable model pool.

Samsung rolls out ChatGPT Enterprise and Codex to employees in South Korea

Samsung Electronics is deploying ChatGPT Enterprise and Codex to all employees in South Korea and to its Device eXperience (DX) division worldwide, marking one of the largest enterprise deals in OpenAI's history. The company plans to leverage these AI tools across various functions, including research, manufacturing, marketing, and administration. Codex, which began as a developer tool for coding, has recently gained popularity among non-developers for building internal tools and automating workflows, evidenced by a significant 800% increase in active users in South Korea since February.

• Over five million users engage with Codex weekly worldwide.