tech

Rani Molla12/2/25

Apple retires AI head to show it’s serious about AI

Yesterday, Apple announced that its AI head, John Giannandrea, who presided over the company’s largely subpar endeavors into generative AI, would retire at the relatively young age of 60.

Giannandrea is set to leave the company this spring — right around the time Apple’s long-delayed, AI-powered Siri is expected to debut, with Microsoft’s corporate VP for AI, Amar Subramanya, taking the reins.

The move signals that Apple, which has invested far less in AI than its Big Tech peers — and has comparatively little to show for it — is finally getting serious about the technology.

“We believe that Subramanya represents the right hire at the right time with the clock ticking on Apple’s AI strategy heading into next year with outside hires a necessary move to improve the AI strategy,” writes Wedbush analyst Dan Ives. “We believe that this was a major reset while expecting more outside hires from Cook & Co. to get Apple on the right track when it comes to AI while further preparing the company for its AI Siri launch by mid 2026 which has been delayed due to development challenges and now represents a major turning point in the company’s history.”

The company put it this way: “This moment marks an exciting new chapter as Apple strengthens its commitment to shaping the future of AI for users everywhere.”

John Giannandrea to retire from Apple

John Giannandrea to retire from Apple

The move signals that Apple, which has invested far less in AI than its Big Tech peers — and has comparatively little to show for it — is finally getting serious about the technology.

“We believe that Subramanya represents the right hire at the right time with the clock ticking on Apple’s AI strategy heading into next year with outside hires a necessary move to improve the AI strategy,” writes Wedbush analyst Dan Ives. “We believe that this was a major reset while expecting more outside hires from Cook & Co. to get Apple on the right track when it comes to AI while further preparing the company for its AI Siri launch by mid 2026 which has been delayed due to development challenges and now represents a major turning point in the company’s history.”

The company put it this way: “This moment marks an exciting new chapter as Apple strengthens its commitment to shaping the future of AI for users everywhere.”

More Tech

tech

FT: Meta considering “tens of billions” in new capital to fund AI

Just days after Google announced a monster $85 billion upsized equity raise, the extremely profitable Meta is seeking to sell “tens of billions of dollars” in stock, according to a new report from the Financial Times.

Meta is planning on spending between $125 billion and $145 billion on AI capital expenditure this year alone.

Shares dropped more than 5% on the news.

Meta weighs big equity raising after blockbuster Google deal

Meta weighs big equity raising after blockbuster Google deal

Meta is supercharging its subscription businesses

The free-app giant never really cared about recurring revenue. Now, it’s launching paid plans for all sorts of stuff.

tech

FT: Anthropic staff helping the NSA use Mythos for offensive cyberattacks

Anthropic’s Mythos AI model was deemed too dangerous to release to the public, with the company citing its ability to orchestrate novel cyberattacks.

And that’s just what the National Security Agency is doing, with the help of Anthropic staff embedded at the agency, according to a report from the Financial Times.

Only a small number of companies and US allies have been given access to the advanced model, which means America’s adversaries have not had the chance to shore up their defenses against the AI model’s new offensive capabilities.

The arrangement is especially unusual as the Pentagon has deemed Anthropic’s AI a national security supply chain risk — effectively blacklisting it for defense work — in response to the company’s refusal to allow its technology to be used for any legal application, which could include autonomous killing or mass surveillance. Anthropic is currently suing the US government to fight the determination.

US National Security Agency using Anthropic’s Mythos for cyber attacks

US National Security Agency using Anthropic’s Mythos for cyber attacks

Only a small number of companies and US allies have been given access to the advanced model, which means America’s adversaries have not had the chance to shore up their defenses against the AI model’s new offensive capabilities.

The arrangement is especially unusual as the Pentagon has deemed Anthropic’s AI a national security supply chain risk — effectively blacklisting it for defense work — in response to the company’s refusal to allow its technology to be used for any legal application, which could include autonomous killing or mass surveillance. Anthropic is currently suing the US government to fight the determination.

tech

Longtime Tesla bear JPMorgan upgraded Tesla and raised its price target to $475 from $145

For more than a decade, JPMorgan was Wall Street’s most stubborn Tesla skeptic, anchored by auto analyst Ryan Brinkman’s strict focus on traditional car fundamentals and near-term delivery numbers.

But JPM recently handed coverage of the stock to a new analyst, Rajat Gupta, who is throwing that playbook out the window. In a note Friday, the firm upgraded Tesla to “neutral” from “underweight” and raised its price target 228% to $475 from $145. (The analyst consensus on FactSet is $403.) Instead of focusing on the company’s struggling vehicle business, the new analyst is orienting himself more toward Tesla’s idea of the future, now modeling Tesla’s physical AI and robotaxi fleets all the way out to the year 2040.

Here are the main reasons for the capitulation:

Looking past the car lot: Gupta argues that Tesla “is at the forefront of physical AI, entering uncharted TAMs” and therefore “deserves the benefit of the doubt to be valued on LT earnings potential” rather than near-term speed bumps.
Unmatched vertical integration: Tesla’s control over everything from battery cells to custom silicon gives it a massive moat. JPM notes this starting point advantage is “unmatched at an industrial level scale” and “still somewhat under-appreciated and misunderstood.”
The AWS flywheel effect: Deploying Optimus robots inside its own factories “should not only lower COGS for the base automotive business, but more importantly, help validate the product at an industrial scale.” Gupta called it “a classic flywheel effect, somewhat analogous to AWS and Kiva at AMZN.”

For Tesla bulls who have argued for years that this is an AI company and not a carmaker, JPM’s sudden $3.9 trillion valuation model is the ultimate validation.

skynet terminator

Anthropic ponders self-improving AI

Anthropic says Claude already writes 80% of its code. A new post asks what happens when the models can improve themselves — and whether anyone could stop them.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC