tech

Jon Keegan7/9/25

Ives: Apple needs to buy Perplexity

Dan Ives has a short message for Apple’s leadership: time’s up.

The Wedbush Securities analyst released a note today saying that Apple CEO Tim Cook needs to “rip the band-aid off” and make a big move to shake up the AI race. Ives added that Apple has long opted to hang back and take its time to enter a new space, preferring to build its own uniquely Apple take on new tech.

But Ives thinks that Apple has made some serious stumbles, and that playbook is not going to work for this feverish AI race:

“Cook & Co. tried internally to build out Apple Intelligence and after a disappointing black eye moment, this year’s WWDC was a snoozer with AI basically absent... which massively disappointed investors and most importantly developers. Covering Apple for many years we understand the DNA well in Cupertino and there is a belief they can develop anything internally better at Apple Park that an outside acquisition will give them; unfortunately we believe those days are gone... the time has come Apple needs to acquire Perplexity to significantly boost its AI platform.”

Last quarter, Apple said it had $133 billion in cash, so splurging $30 billion or so for Perplexity (reportedly valued at $14 billion) would be easy, Ives said.

Apple just lost a top AI executive to Meta, which is doling out massive deals to lure top talent for its recent push for a “superintelligence” team of all-stars.

An acquisition like Perplexity could help the iPhone maker reinvigorate its Siri voice assistant, which is currently stuck in limbo.

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tech

Report: Amodei told staff that Anthropic was targeted for lack of “dictator-style praise” for Trump

More details are leaking out from Anthropic about how CEO Dario Amodei explained the company’s dramatic schism with the Pentagon over its AI terms of use.

The Information shared details from a leaked 1,600-word memo to employees that Amodei reportedly sent on Friday after the Trump administration attacked the startup.

Per the report, Amodei told his staff that the reason the company was on the outs with the Trump administration was the fact that it had not given “dictator-style praise” to President Trump, “(while Sam has),” referring to OpenAI CEO Sam Altman.

Amodei also noted that OpenAI President Greg Brockman and his wife donated $25 million to the MAGA Inc super PAC, which likely put their competitor in the good graces of Trump and co.

Anthropic CEO Memo: Trump Disliked Company For Not Giving ‘Dictator-Style Praise’

Anthropic CEO Memo: Trump Disliked Company For Not Giving ‘Dictator-Style Praise’

Per the report, Amodei told his staff that the reason the company was on the outs with the Trump administration was the fact that it had not given “dictator-style praise” to President Trump, “(while Sam has),” referring to OpenAI CEO Sam Altman.

Amodei also noted that OpenAI President Greg Brockman and his wife donated $25 million to the MAGA Inc super PAC, which likely put their competitor in the good graces of Trump and co.

tech

“Fortnite” returning to the Play Store worldwide after Google lowers fees and opens Android

After years of fighting with “Fortnite” maker Epic Games, Google is hitting reset on Android — cutting Play Store fees, loosening its grip on billing, and making it easier for rival app stores to set up shop on millions of devices.

The move could also dent one of Google’s lucrative businesses: Play Store commissions.

In a blog post Tuesday, Google said it will let developers use their own billing systems alongside Google Play’s, link out to external purchase pages, and distribute apps through third-party app stores that meet Google’s safety standards. The company is also lowering Play Store fees in key markets, with billing fees around 5% for developers that use Google’s system, service fees roughly 20% on new installs, and subscription fees around 10%. The changes will roll out on a staggered schedule, beginning mid-2026.

In a corresponding post, Epic said “Fortnite” would expand worldwide on Google Play. “These changes will evolve Android into a true open platform,” the company wrote. “Fortnite” returned to the Play Store in the US in December after the two companies reached a settlement following years of antitrust battles.

Google’s Changes Will Open Android Devices to Competition

Google’s Changes Will Open Android Devices to Competition

In a blog post Tuesday, Google said it will let developers use their own billing systems alongside Google Play’s, link out to external purchase pages, and distribute apps through third-party app stores that meet Google’s safety standards. The company is also lowering Play Store fees in key markets, with billing fees around 5% for developers that use Google’s system, service fees roughly 20% on new installs, and subscription fees around 10%. The changes will roll out on a staggered schedule, beginning mid-2026.

In a corresponding post, Epic said “Fortnite” would expand worldwide on Google Play. “These changes will evolve Android into a true open platform,” the company wrote. “Fortnite” returned to the Play Store in the US in December after the two companies reached a settlement following years of antitrust battles.

tech

Apple debuts $599 Google Chromebook competitor

Apple’s latest product announcement this week is an opening salvo against Google’s ubiquitous Chromebook. On Wednesday, the iPhone maker unveiled the MacBook Neo, which starts at $599 — or $499 for students — the lowest price ever for a MacBook. Apple typically skews to the high end of the market.

The Neo is still more expensive than typical Chromebooks, which are hugely popular in schools, but it’s less stripped down, with a sharper display, aluminum case, and a more powerful processor than many Chromebook models.

Say hello to MacBook Neo

Say hello to MacBook Neo

Musk says Tesla will be one of first companies to reach AGI

He also said we’d reach artificial general intelligence within two years... about two years ago.

Elon Musk Speaks During A town Hall Event In Green Bay, Wisconsin

tech

Bank of America upgrades Tesla, expecting it to “quickly become a leader in robotaxi services”

Tesla jumped in premarket trading after Bank of America reinstated coverage of the EV maker and upgraded it to “buy” from “hold,” with a price target of $460.

“We expect TSLA to quickly become a leader in robotaxi services, given its ability to scale more profitably than competitors,” analyst Alexander Perry wrote, noting that Tesla’s approach eschews more expensive (but more robust) technology like lidar.

BofA says Tesla’s Robotaxi service could amount to $844 billion in equity value and more than half Tesla’s valuation.

Currently, Robotaxi operates in two markets with heavy human oversight. In Austin, most of the rides involve a safety monitor sitting in the front seat, and in the Bay Area, all rides are driven by a human using supervised Full Self-Driving tech.

Alphabet subsidiary Waymo, meanwhile, is currently operating its driverless ride-hailing service in 10 US markets.

Currently, Robotaxi operates in two markets with heavy human oversight. In Austin, most of the rides involve a safety monitor sitting in the front seat, and in the Bay Area, all rides are driven by a human using supervised Full Self-Driving tech.

Alphabet subsidiary Waymo, meanwhile, is currently operating its driverless ride-hailing service in 10 US markets.

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