Tech
“AIMLess”
Rani Molla

The Information published an interesting piece today about the internal struggles that have delayed Apple’s AI efforts, including making Siri into an actually useful assistant. The article goes into conflicting management styles, differing priorities, and executive power struggles, and you should read it all.

But here are a couple interesting tidbits:

Apparently, when Apple gave its AI demo last June, the Siri that helped an Apple executive track her mom’s flight using her email and real-time flight data wasn’t a Siri familiar to people who worked at Apple. “Among members of the Siri team at Apple, though, the demonstration was a surprise,” wrote Wayne Ma at The Information. “They had never seen working versions of the capabilities, according to a former Apple employee.”

The piece also introduced us to a sick burn. Other Apple engineers reportedly had a nickname for the AI and machine learning team responsible for Siri that poked fun at their relaxed work ethic and failures to execute: “AIMLess.”

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Musk wants Tesla’s Optimus to get in and out of the Cybercab to deliver packages

Tesla CEO Elon Musk and Amazon founder Jeff Bezos seem to be competing on nearly every level. Both have media companies, both have space companies, and both helm private AI companies. Now it seems their giant public tech companies are slated to go head to head.

Musk has told his teams working on the Optimus robot that he wants it to be able to get in and out of the company’s Cybercab to make deliveries, according to a report by The Information. Amazon, of course, has also been amping up its use of robots, eventually planning to have them deliver its e-commerce packages.

The Optimus and Cybercab are supposed to go into production next year.

Musk has told his teams working on the Optimus robot that he wants it to be able to get in and out of the company’s Cybercab to make deliveries, according to a report by The Information. Amazon, of course, has also been amping up its use of robots, eventually planning to have them deliver its e-commerce packages.

The Optimus and Cybercab are supposed to go into production next year.

tech

Elon Musk runs an AI startup — now, so does Jeff Bezos, as he launches Project Prometheus

Jeff Bezos, the third-richest man in the world and the founder of Amazon, a company increasingly focused on AI, has created a new AI startup of which he will be co-CEO, according to The New York Times. The new venture, Project Prometheus, aims to use AI to engineer and manufacture automobiles and spacecraft. It also sounds quite a bit like Elon Musk’s AI startup, xAI.

Musk, the richest man in the world and the CEO of Tesla, a company increasingly focused on AI, also leads his AI startup and is progressively working on integrating its technology into his vehicle and space companies.

Musk’s space company is SpaceX, while Bezos’ is called Blue Origin. Musk owns social media company X, formerly Twitter, which is now part of xAI. Bezos owns media company The Washington Post. Bezos also has invested in an EV company, Slate Auto, which some see as a “Tesla killer.” Got it?

In other words, Bezos and Musk remain engaged in a billionaire version of “keeping up with the Joneses.”

tech

FT says Apple’s CEO could step down as soon as 2026, Bloomberg disagrees

Late Friday, the Financial Times reported that Apple CEO Tim Cook, a 65-year-old who’s led the company for nearly 15 years, could be stepping down as early as next year. On Saturday, Bloomberg’s Mark Gurman, whose Apple reporting is considered gospel by many, pooh-poohed that timeline, saying that while Apple is readying succession plans, “I don’t get the sense anything is imminent as the @FT is claiming.”

Both the FT and Bloomberg have reported that Apple’s hardware chief, John Ternus, is likely next in line.

The stock is down about 1% premarket, as investors contemplate what Apple, which recently posted a superlative Q4 earnings report, would be like without its longtime supply chain guru.

tech
Rani Molla

Tesla is back in the negative this year

After falling more than 6% yesterday in its biggest drop since July, Tesla is once again in negative territory for the year. Elon Musk’s company posted record earnings last month, buoyed by pulled-forward demand tied to the final quarter of US federal EV tax credits, but its margins slipped as steep discounts were used to clear inventory.

Now the stock, which only turned positive for the year in September, is under renewed pressure amid a broader tech and AI sell-off, as investors grow concerned that the Federal Reserve may pause its rate-cutting cycle. Adding to the drag are soft sales in Tesla’s second-largest market, China, and news that longtime bull Cathie Wood’s Ark Invest unloaded roughly $30 million in shares this week.

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