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Rani Molla

Apple stock takes a hit on report it’s pushing back AI Siri features — again

Apple customers may have to wait even longer for the company’s long-awaited AI Siri, Bloomberg reports.

The iPhone maker had been planning to include a number of upgrades to Siri in a March operating system update, but the company now is planning to spread those out over future versions. That means some features first announced in June 2024 — an AI Siri that can tap into personal data and on-screen content — might not arrive until September with iOS 27.

The postponements happened after “testing uncovered fresh problems with the software,” Bloomberg said, including instances where Siri didn’t properly process queries or took too long to respond.

The stock, which had been trading up more than 2% today, has pared some of those gains on the news.

For what it’s worth, Apple’s iPhone sales — a record last quarter — don’t appear to be suffering for lack of AI.

The postponements happened after “testing uncovered fresh problems with the software,” Bloomberg said, including instances where Siri didn’t properly process queries or took too long to respond.

The stock, which had been trading up more than 2% today, has pared some of those gains on the news.

For what it’s worth, Apple’s iPhone sales — a record last quarter — don’t appear to be suffering for lack of AI.

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Anthropic really doesn’t want the US to help China with AI

Anthropic made its case for freezing China out of the AI race as much as possible in a new policy paper. The company warned that letting China catch up to US AI companies could risk AI-powered mass surveillance and huge risks to monitoring AI safety.

Tesla Robotaxi

Tesla finally reported un-redacted information about its Robotaxi crashes

There have been a total of 17 crashes so far among its Texas Robotaxis. Read about them all here.

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Alphabet sold $3.6 billion in Japanese yen bonds — a record for a foreign company — likely to help its AI capex binge

We now have the value for Alphabet’s Japanese yen bond raise — 576.5 billion yen, or $3.6 billion — and it’s a record for a foreign issuer in Japan. The deal was spread across seven tranches with maturities ranging from 3 to 40 years, allowing the company to lock in rates as low as 1.965%.

The latest deal comes on the heels of Alphabet’s massive US and European bond deals, where the company has tapped global markets for nearly $60 billion in fresh capital over the last few months. In a filing earlier this week, the search giant said it would use the proceeds for “general corporate purposes.” That likely means fueling its AI infrastructure build-out, which has pushed its projected 2026 capex bill to a staggering $190 billion.

tech
Rani Molla

Bloomberg: Relationship between OpenAI and Apple has deteriorated and legal action may be imminent

The two-year-old alliance between Apple and OpenAI has deteriorated, Bloomberg reports, with the AI giant now consulting legal counsel about issuing a potential breach of contract notice.

OpenAI executives allege that Apple failed to adequately integrate and promote ChatGPT on the iPhone, causing the AI firm to lose out on billions a year in subscriptions and hurt its brand, according to the report.

Meanwhile, Apple has expressed concerns over OpenAI’s privacy protection, and has been miffed that OpenAI has been working on its own hardware with former Apple design lead Jony Ive.

More recently, Apple, which has trailed its peers in developing AI, has decided to offer users their choice of AI models, rather than aligning exclusively with OpenAI’s.

Meanwhile, Apple has expressed concerns over OpenAI’s privacy protection, and has been miffed that OpenAI has been working on its own hardware with former Apple design lead Jony Ive.

More recently, Apple, which has trailed its peers in developing AI, has decided to offer users their choice of AI models, rather than aligning exclusively with OpenAI’s.

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