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Apple's foldable iPhone leaks

PLUS: Rivian pumps the brakes on its 'Tesla killer'

Jennifer Mossalgue

March 13, 2026

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Good morning, tech enthusiasts. Apple is preparing to fold the iPhone — whether or not anyone asked for it. According to Bloomberg’s Mark Gurman, the device will open into an iPad mini–sized screen and pair luxe hardware with a sleeker design meant to make foldables feel stylish.

If it lands, it could amount to Apple’s most significant iPhone redesign in years — but is that enough to make you part with a fresh $2K?


In today’s tech rundown:

  • Apple’s foldable iPhone is basically a tiny iPad

  • Rivian delays its ‘Tesla killer’ electric SUV

  • Zoom debuts ‘digital twin’ AI avatars

  • Anduril ups its space game with ExoAnalytic buy

  • Quick hits on other tech news

LATEST DEVELOPMENTS

APPLE

🍎 Apple’s foldable iPhone is basically a tiny iPad

Image source: Apple (iPad mini)

The Rundown: Apple’s first foldable iPhone will unfold into a near-iPad mini footprint and run a revamped iOS with split-screen multitasking — the most significant rethink of the iPhone's form and interface in years, according to Bloomberg’s Mark Gurman.

The details:

  • Bloomberg reports that the foldable will open to a 7.8 in. inner display about the size of an iPad mini, with a smaller outer screen closer to a compact iPhone.

  • The device will run a tweaked iOS that adds iPad‑style multitasking, including side‑by‑side apps and redesigned layouts for key first‑party apps.

  • Gurman says Apple is building a tougher hinge and a “market‑leading” barely‑there crease to outperform Samsung and Google foldables.

  • Expect pricing north of $2K; Apple is positioning the iPhone Fold as an ultra-premium, early-adopter product that sits even above the Pro line.

Why it matters: Apple’s foldable iPhone is Apple’s first shot at an ultra‑luxury phone, engineered to outclass rivals on hardware and software in one move. CAD-based leaks point to a wider book-style chassis and dual-camera bump, marking the first real silhouette shift for iPhone hardware in years.

RIVIAN

🚙 Rivian delays its ‘Tesla killer’ electric SUV

Image source: Rivian

The Rundown: EV startup Rivian is pushing back the much-hyped $45K electric R2 SUV until late 2027, choosing to launch a pricier Performance trim first — a margin play that leaves the mass market wide open for rivals.

The details:

  • The base R2 Standard, with rear-wheel drive and a projected 275-mile range, slips to late 2027, now starting at $46,495.

  • The R2 Performance launches this year at $57,990 — nearly $12K more than the entry model it’s replacing in the queue.

  • Rivian is targeting up to 25K R2s on the road by the end of 2026, betting that early adopters will tolerate higher prices to keep the fledgling automaker afloat.

  • To cut costs, Rivian is redesigning its stack, bringing more hardware in-house, and absorbing the blow from lost EV tax credits and new import tariffs.

Why it matters: Every month the $46K R2 sits in waiting, Tesla’s Model Y and Chevy’s Equinox EV can solidify their grip on the midrange SUV buyer Rivian is courting. The cash logic is sound — launch high-margin hardware first, fund the cheaper model later — but Rivian still hasn’t proved it can build a mass-market EV on time and on budget.

ZOOM

👯‍♂️ Zoom debuts ‘digital twin’ AI avatars

Image source: Zoom

The Rundown: Zoom is launching an AI-powered productivity suite that embeds generative tools across email, documents, chat, and meetings — and it’s building AI avatars that can show up to calls in your place.

The details:

  • With the new AI suite, users can summarize calls, draft follow-ups, and pull content automatically from transcripts and shared files.

  • The company is developing customizable AI avatars that can join meetings on behalf of users, engage in conversation, and produce a summary afterward.

  • Avatars can mirror your face, expressions, and facial movements to stand in for you in meetings and async video messages when you’re not camera‑ready.

Why it matters: Zoom wants to claw back relevance from Microsoft and Google by turning its video app into a full AI‑first workplace suite, not just a place you drop in for meetings. Its photorealistic avatars could push beyond the more limited avatars in Teams and Meet today — useful for overbooked workers, if your boss is okay with it.

ANDURIL

🛰️ Anduril ups its space game with ExoAnalytic buy

Image source: Anduril

The Rundown: Anduril, Palmer Luckey’s defense startup best known for autonomous drones and AI weapons systems, just snapped up boutique space-surveillance firm ExoAnalytic Solutions, instantly doubling the size of its space unit.

The details:

  • The deal brings in a global network of hundreds of ground telescopes that track satellites and missiles, plus more than a hundred space‑domain experts.

  • Live orbital data will feed into Lattice, Anduril’s AI battle‑management platform, tightening the loop between what happens in space and how militaries respond.

  • Luckey is steering Anduril toward becoming a key space‑intel supplier for the Pentagon, a software‑first rival to legacy contractors’ satellite fleets.

  • Anduril, eyeing a $60.5B valuation, is also in the process of raising a $4B round from investors Thrive Capital and Andreessen Horowitz.

Why it matters: Anduril’s ExoAnalytic buy gives it a ready‑made space “sensor layer” — 400 telescopes, a hundred-plus specialists, and proven tracking software wired into its space‑defense stack. That lets Anduril sell the Pentagon not just drones, but a full chain from spotting satellites in orbit to steering interceptors at incoming threats.

QUICK HITS

📰 Everything else in tech today

Atlassian, the Australian software group, is cutting about 10% of its staff as it restructures to address the competitive threat from generative AI.

Apple is cutting its App Store commission in China from 30% to 25%, a rare concession aimed at easing mounting pressure from local regulators.

YouTube reportedly generated more U.S. ad revenue in 2025 than Disney, Paramount, and Warner Bros. Discovery’s TV networks combined.

Italian prosecutors asked a court to put Amazon and four current and former executives on trial over alleged tax evasion of about €14B ($16.1B) in Italy.

Substack is adding a built-in recording studio so writers can record, edit, and publish podcasts directly from its platform instead of relying on external audio tools.

Uber is rolling out an invite-only chauffeur service that offers high-end cars, professional drivers, and perks like free phone chargers for top-spending riders.

Honda scrapped its planned upcoming EVs — Honda 0 SUV, 0 Saloon, and electric Acura RSX — for the U.S. market, citing tariffs and slowing EV demand.

Amazon, responding to recent outages blamed on AI-written code, will now require senior engineers to sign off on any AI-assisted software changes before they go live.

The Marine Corps is testing a new full‑body “thermal cloak” over‑garment designed to hide Marines from drones and other sensors by masking their heat signature.

Tinder is rolling out in‑person events and virtual speed‑dating features to pull lapsed users back into its app and make swiping feel more like real‑world dating.

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See you soon,

Rowan, Joey, Zach, Shubham, and Jennifer — The Rundown’s editorial team

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