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Rani Molla

Apple is up on news it’s considering using OpenAI or Anthropic to power its AI assistant

The updated AI assistant Apple announced at its developer conference last year never came to fruition. Instead, the Apple Intelligence-powered Siri was rife with errors and was never able to pull contextual information from your chats and emails to provide better answers, as promised.

At this year’s WWDC, we barely heard about Siri at all. “Were continuing our work to deliver the features that make Siri even more personal,” SVP of Software Craig Federighi said in one of the only mentions of the assistant in the 90-minute presentation. “This work needed more time to reach a high-quality bar and we look forward to sharing more about it in the coming year.”

Now Bloomberg is reporting that Apple is looking for a solution that plays to its strengths: other people’s software.

Apple has been in talks with both OpenAI and Anthropic about using their large language models to power Siri, asking them “to train versions of their models that could run on Apple’s cloud infrastructure for testing.” Apple already had been giving the users the option to use ChatGPT for web-based search queries — a tedious extra step — but powered the assistant itself using its own technology.

The pivot would be an acknowledgement of failure in its own AI efforts, but could be a practical next step for a company that seems to be falling behind its peers.

Apple stock is up over 2% today since the report came out.

At this year’s WWDC, we barely heard about Siri at all. “Were continuing our work to deliver the features that make Siri even more personal,” SVP of Software Craig Federighi said in one of the only mentions of the assistant in the 90-minute presentation. “This work needed more time to reach a high-quality bar and we look forward to sharing more about it in the coming year.”

Now Bloomberg is reporting that Apple is looking for a solution that plays to its strengths: other people’s software.

Apple has been in talks with both OpenAI and Anthropic about using their large language models to power Siri, asking them “to train versions of their models that could run on Apple’s cloud infrastructure for testing.” Apple already had been giving the users the option to use ChatGPT for web-based search queries — a tedious extra step — but powered the assistant itself using its own technology.

The pivot would be an acknowledgement of failure in its own AI efforts, but could be a practical next step for a company that seems to be falling behind its peers.

Apple stock is up over 2% today since the report came out.

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xAI’s revenue is growing, but so are its staggering losses

Good news: xAI’s revenue nearly doubled to $107 million in the third quarter compared to the second.

Bad news: Its net losses grew to $1.46 billion in Q3, up from $1 billion in the first quarter, and more than 13x revenue, Bloomberg reports.

The company, which is currently worth north of $230 billion, is burning through staggering amounts of cash — nearly a billion dollars a month — in service of building data centers and developing what it calls “self-sufficient” AI that can one day power robots like Tesla’s Optimus. Meanwhile, its revenue still looks more like that of a midsize startup than a tech giant.

Despite receiving more yes than no votes, Tesla’s board didn’t approve a shareholder proposal to invest in xAI, leaving a more formal relationship between the companies unresolved, even as xAI continues to burn cash at a pace that will require steady access to outside capital.

Of course, Elon Musk’s AI company is already deeply financially intertwined with his EV company. In 2024, xAI spent nearly $200 million, largely on Tesla Megapack batteries — a figure that appears to have grown significantly in 2025.

The company, which is currently worth north of $230 billion, is burning through staggering amounts of cash — nearly a billion dollars a month — in service of building data centers and developing what it calls “self-sufficient” AI that can one day power robots like Tesla’s Optimus. Meanwhile, its revenue still looks more like that of a midsize startup than a tech giant.

Despite receiving more yes than no votes, Tesla’s board didn’t approve a shareholder proposal to invest in xAI, leaving a more formal relationship between the companies unresolved, even as xAI continues to burn cash at a pace that will require steady access to outside capital.

Of course, Elon Musk’s AI company is already deeply financially intertwined with his EV company. In 2024, xAI spent nearly $200 million, largely on Tesla Megapack batteries — a figure that appears to have grown significantly in 2025.

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Apple’s hardware chief is the front-runner to be the next CEO

The New York Times is the latest news organization to cite Apple sources who think the company’s hardware chief, John Ternus, will be the one to fill CEO Tim Cook’s shoes. Citing people close to Apple, the publication reports that Cook is “tired and would like to reduce his workload” and that 50-year-old Ternus is the most likely to take his place, as the company accelerates its succession planning.

The Times is in good company. Both the Financial Times and Bloomberg have previously said Ternus is the top pick to succeed Cook at the helm of the tech giant, and Ternus is currently enjoying the top spot on prediction markets. His market-implied odds of being the next CEO are currently above 60% on both Polymarket and Kalshi event contracts.

The Times is in good company. Both the Financial Times and Bloomberg have previously said Ternus is the top pick to succeed Cook at the helm of the tech giant, and Ternus is currently enjoying the top spot on prediction markets. His market-implied odds of being the next CEO are currently above 60% on both Polymarket and Kalshi event contracts.

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Morgan Stanley: Even with Nvidia’s autonomous tech, Tesla is still “years ahead” of other automakers

Nvidia’s latest autonomous tech may help traditional automakers close the distance to manufacturing driverless cars, but not to Tesla, a research note from Morgan Stanley contends. Analyst Andrew Percoco argued that while Nvidia’s tech stack offers a “capital efficient on ramp to advanced autonomy,” that still leaves automakers stuck in a “faster follower strategy.”

According to the analyst, “Tesla is years ahead of competitors when it comes to autonomy with a clear data and scale advantage.” The comment is similar to something Tesla CEO Elon Musk said in the wake of Nvidia’s announcements:

“This is maybe a competitive pressure on Tesla in 5 or 6 years, but probably longer,” Musk posted on X.

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