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Rani Molla
2/25/25

Apple and its shareholders stand firm on DEI

Apple shareholders today rejected a shareholder proposal from conservative think tank National Center for Public Policy Research to abolish the iPhone maker’s diversity, equity, and inclusion “program, policies, department and goals,” preliminary voting tabulation showed.

Apple CEO Tim Cook at the shareholder meeting today:

We've never had quotas or targets for Apple.  Our strength has always come from hiring the very best people and then providing a culture of collaboration, one where people with diverse backgrounds and perspectives come together to innovate and create something magical for our users time and time again.  Our unique culture enables us to create the best products and services in the world.  

Now, as the legal landscape around these issues evolves, we may need to make some changes to comply.  But our North Star of dignity and respect for everyone, and our work to that end will never waver.  We'll continue to work together to create a culture of belonging where everyone can do their best work, and we'll remain committed to the values that have always made us who we are.

Apple’s board had previously recommended voting against the proposal, saying it’s “unnecessary” and that it “inappropriately attempts to restrict Apple’s ability to manage its own ordinary business operations, people and teams, and business strategies.”

The move puts Apple at odds with the Trump administration and the prevailing corporate trend of dismantling DEI initiatives — or at least not talking about them. Apple joins the ranks of Costco, which last month defeated a similar initiative by the same group, and Delta Air Lines in standing behind its DEI efforts.

Apple recently got on the good side of the Trump administration, with a commitment to spend $500 billion expanding in the US over his term. Let’s see how this one lands.

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Congress Considers Bill To Force Sale Of TikTok

By some measures, TikTok has grown bigger than Facebook or Instagram in the US

Oracle’s potential TikTok takeover is a big deal to US competitors like Meta and Snap.

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Nvidia, Microsoft, OpenAI, CoreWeave pledge $42 billion investment in UK AI projects during Trump’s visit

Nvidia, Microsoft, and CoreWeave announced pledges to invest tens of billions to build out the UK’s AI infrastructure.

Coinciding with President Trump’s visit to the UK, the companies announced new data centers, hundreds of thousands of Nvidia Blackwell GPUs, and support for the UK’s sovereign AI programs.

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Part of the UK’s sovereign AI initiatives include the development of the country’s own “UK-LLM” and “Isambard-AI,” the UK’s most powerful supercomputer, which uses Nvidia’s Blackwell GPUs.

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Part of the UK’s sovereign AI initiatives include the development of the country’s own “UK-LLM” and “Isambard-AI,” the UK’s most powerful supercomputer, which uses Nvidia’s Blackwell GPUs.

tech

Amazon launches AI chatbot to help create and distribute ads and ad agency investors don’t care

Amazon has launched a “creative partner” AI chatbot to help small businesses create ads and distribute them. The tool, currently in beta, helps users create the ads themselves, including video, with text prompts and then can place them across Amazon’s ad inventory, including outside websites and platforms Amazon has deals with, including Netflix.

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

But perhaps the continuous stream of AI ad tool announcements from tech giants like Google, Amazon, and Meta is already baked into ad agencies’ stock prices. The ad agencies listed above are all down for the year.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

“We’re not talking about professional marketers. These are customers that really need our help growing their business,” Jay Richman, Amazon’s vice president of product and technology, told The Wall Street Journal. Meta CEO Mark Zuckerberg, whose company expects to fully automate ad creation next year, said something similar on the company’s latest earnings call.

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

But perhaps the continuous stream of AI ad tool announcements from tech giants like Google, Amazon, and Meta is already baked into ad agencies’ stock prices. The ad agencies listed above are all down for the year.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

“We’re not talking about professional marketers. These are customers that really need our help growing their business,” Jay Richman, Amazon’s vice president of product and technology, told The Wall Street Journal. Meta CEO Mark Zuckerberg, whose company expects to fully automate ad creation next year, said something similar on the company’s latest earnings call.

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