Apple’s AI Hobbled by 2023 Budget Cuts, Executive Clash
April 12, 2025 – A recent blog post by The New York Times has shed light on Apple’s perceived sluggishness in artificial intelligence (AI) development, attributing part of the delay to Chief Financial Officer Luca Maestri’s cost-cutting measures in 2023. According to the report, Apple engineers proposed doubling their budget for GPU acquisitions to accelerate…
ByteDance’s 2024 Net Profit Hits $33B with Sluggish 6% Growth YoY
April 11, 2025 – Insider sources cited by The Information have revealed that ByteDance achieved a net profit of $33 billion in 2024, marking a modest 6% year-over-year increase that significantly trails the growth rate recorded in 2023. During a recent earnings disclosure to select investors, company executives acknowledged that profit margins had peaked, citing…
OpenAI Quietly Unveils Global Memory for ChatGPT Plus/Pro Subscribers
April 11, 2025 – OpenAI has quietly rolled out an upgrade to its popular AI chatbot, ChatGPT, granting subscribers of Plus and Pro tiers access to an “enhanced contextual memory feature.” CEO Sam Altman emphasized that the update now allows ChatGPT to “draw from a user’s entire conversation history,” enabling more tailored interactions. The system…
Apple iPhone Production in U.S. Could Spike Costs by 90%: Bank of America Analyst
April 11, 2025 – A report released by Bank of America analyst Wamsi Mohan’s team this Wednesday highlights the potential hurdles Apple could face if it moves all iPhone production to the United States. According to the analysis, such a move could lead to a staggering 90% increase in production costs and create significant logistical…
Volvo S90 on Brink of US Phase-Out Amid Tariff Turmoil
April 11, 2025 – Volvo is set to halt sales of its executive sedan, the S90, in the United States starting with the 2025 model year, primarily due to the impact of the US tariff policy, as reported by Automotive News on April 10. Despite this move, Carscoops notes that the S90 saw a 46.1%…
Amazon CEO Jassy Advocates Heavy AI Investment for High Returns
April 11, 2025 – Amazon CEO Andy Jassy has urged businesses to make substantial investments in artificial intelligence (AI) to secure significant financial gains in the future, as per a report by TechCrunch. In his annual letter to shareholders released on Thursday, Jassy emphasized the necessity for companies to allocate “substantial capital” to keep pace…
Google’s Gemini Model to Embrace Anthropic’s MCP Protocol Post OpenAI Move
April 10, 2025 – Following OpenAI’s announcement to integrate a competitor’s AI model standard into its data systems, Google has swiftly aligned with the same approach. Demis Hassabis, CEO of Google DeepMind, took to the X platform on Wednesday to announce that Google would extend support for Anthropic’s Model Context Protocol (MCP) to its Gemini…
Tesla’s Optimus Push: 80 New Hires Aim for 5,000 Humanoid Robots in 2025
April 10, 2025 – During the first – quarter all – hands meeting of 2025, Tesla’s CEO, Elon Musk, made a significant announcement that the company is set to produce the first batch of Optimus humanoid robots this year. This ambitious plan is further evidenced by Tesla’s aggressive expansion of its humanoid robot team, as…
Google’s Parent Doubles Down on AI: $75B Investment in Chips and Infrastructure
April 10, 2025 – Alphabet Inc., Google’s parent company, has reaffirmed its commitment to pouring approximately $75 billion into expanding its data centers this year, underscoring its aggressive push into generative AI despite lingering uncertainties around returns and rising costs triggered by global trade tensions. CEO Sundar Pichai, speaking at Google Cloud’s annual conference, emphasized…
META PC Predicts 50% Surge in Component Prices Due to Tariffs
April 10, 2025 – Recent reports from Wccftech highlight how the latest U.S. tariff policies are starting to ripple through the supply chain, with META PC, one of the nation’s leading custom PC builders, forecasting a sharp spike in PC component prices. In a social media update, META PC revealed plans to hike component prices…