tech

Rani Molla5/23/25

Analyst: “Apple producing iPhones in the US is a fairy tale”

After President Trump threatened Apple this morning with a 25% tariff if it didn’t produce US iPhones in the US, Wedbush Securities analyst Dan Ives reiterated his belief that doing so would be virtually impossible:

“The pressure from Trump Administration on Apple to build iPhone production in the US as we have discussed this would result in an iPhone price point that is a non-starter for Cupertino and translate into iPhone prices of ~$3,500 if it was made in the US which is not realistic as this would take 5-10 years to shift production to the US. We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible.”

Ives, however, thinks Apple CEO Tim Cook, who he says now may be 25% politician and 75% CEO, will be able to weather this Trump storm, too. “[We] believe AAPL will continue to navigate this complex tariff situation in a game of negotiations especially heading into iPhone 17 production this Fall,” Ives wrote, and maintained the firm’s “outperform” rating.

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Amazon’s Zoox to increase San Francisco and Las Vegas footprint and expand service to Austin and Miami this year

Amazon’s self-driving unit, Zoox, has plans to debut its robotaxi service in Austin and Miami this year, where it’s currently testing, the company announced today. It also said it would be expanding its footprint in existing service areas in San Francisco (where there is limited public use) and adding more stops along the strip in Las Vegas, where it’s currently open to the public. In San Francisco, that means quadrupling coverage to include the Marina, North Beach, Chinatown, and Pacific Heights in addition to the SoMa and Mission districts where it is currently operating.

The news follows a spate of other announcements from the purpose-built, steering-wheel-less robotaxi company, including expansions into a total of 10 markets for testing and a partnership with Uber, in addition to its longtime tech relationship with Nvidia. Like many robotaxi companies, Zoox is teaming up with other self-driving tech companies and platforms in order to grow.

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Tesla’s European sales rise for the first time in more than a year but still lag BYD

New Tesla registrations jumped 12% in February from a year earlier to 17,664 units across the European Union, the United Kingdom, and the European Free Trade Association, according to new data from the European Automobile Manufacturers’ Association. China’s BYD once again beat out the American EV maker, posting 17,954 registrations in February, up 162% from a year earlier. BYD and Tesla each represented 1.8% of the European new car market last month.

The February data is a notable shift for Tesla, which saw its first monthly jump in the region since December 2024. Tesla has struggled in Europe since CEO Elon Musk’s ascension to the Trump administration and his forays into European politics in support of far-right parties. Tesla also posted gains in China in February, which is a much larger market for the carmaker.

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Jensen Huang: We have achieved AGI now... sort of

Lots of AI leaders are thinking about a big moment looming over the current AI boom: when will we have achieved artificial general intelligence?

There’s no shortage of predictions, but we haven’t yet seen a full-throated declaration that this slippery milestone has been achieved.

Until now. On Lex Friedman’s podcast Monday, Nvidia CEO Jensen Huang was asked what he thought the timeline looked like for “an AI system that’s able to essentially do your job. So, run — no, start, grow, and run a successful technology company.”

Huang confidently answered: “I think it’s now. I think we’ve achieved AGI.”

Huang then hedged, noting that Friedman was talking about running a $1 billion dollar company, but he didn’t specify for how long. Huang elaborated, “It is not out of the question that a Claude was able to create a web service, some interesting little app that all of a sudden, you know, a few billion people used for $0.50, and then it went out of business again shortly after.”

So maybe it will be a while before Jensen Huang can get help running Nvidia by eating his own dog food.

Nvidia CEO Jensen Huang says ‘I think we’ve achieved AGI’

Nvidia CEO Jensen Huang says ‘I think we’ve achieved AGI’

Huang confidently answered: “I think it’s now. I think we’ve achieved AGI.”

Huang then hedged, noting that Friedman was talking about running a $1 billion dollar company, but he didn’t specify for how long. Huang elaborated, “It is not out of the question that a Claude was able to create a web service, some interesting little app that all of a sudden, you know, a few billion people used for $0.50, and then it went out of business again shortly after.”

So maybe it will be a while before Jensen Huang can get help running Nvidia by eating his own dog food.

OpenAI is trying to woo private equity investors with a sweet offer: a guaranteed minimum return of 17.5% on their investments, which is “significantly higher than typical preferred instruments,” as well as early access to new models, according to a report from Reuters.

The deal aims to build joint ventures to raise capital amid OpenAI’s intense competition for a bigger slice of the enterprise AI market. The minimum return offer is something that its competitor Anthropic is not currently offering, per Reuters.

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