Ives: How Apple can avoid a “Blackberry Moment” in AI

While Wedbush Securities analyst Dan Ives is pleased with Apple CEO Tim Cook’s latest efforts to appease the Trump administration, he cautioned that the iPhone maker could face a “Blackberry Moment” thanks to its failures with AI.

“While the AI Revolution led by Big Tech is racing ahead like an F1 track in Monza focused on monetizing the biggest tech trend in the last 40 years, Apple is on a park bench drinking lemonade watching this technology innovation change the world,” Ives wrote this morning.

What’s Apple to do? Ives recommends three things — all of which require looking beyond its Cupertino headquarters.

Acquire Perplexity to help with Siri.
Add executives from outside Apple to the leadership team. “The current management team including Cook has Apple on an AI treadmill on 2.5 speed going nowhere,” Ives wrote.
Partner with Google to fully integrate Gemini AI onto the iPhone.

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Rani Molla4h

Wired: OpenAI plans to launch a TikTok-like app for its AI videos

OpenAI is planning to launch its own social media app to showcase AI videos generated by its Sora 2, Wired reports. The Sora 2 stand-alone app apparently looks a lot like TikTok with vertical videos, a For You page, and the ability to remix videos — which, unlike TikTok, are all created by AI. So far it’s only available internally.

The drawn-out TikTok negotiations have given OpenAI a window to launch a short-form video app without ties to China, sources told Wired.

The Sora 2 app also includes an “identification verification feature” that would let users confirm their likeness and let others use it as well.

OpenAI Is Preparing to Launch a Social App for AI-Generated Videos

The Sora 2 app also includes an “identification verification feature” that would let users confirm their likeness and let others use it as well.

Rani Molla7h

Snap jumps on new revenue stream, continued social media buzz

Snap jumped as high as 5% Monday after the social media company announced that it would be charging users for its Memories features after they reach 5 gigabytes of storage. Snapchat, which has clocked more than 1 trillion saved Memories on its platform, told TechCrunch the Memory Storage plans would range from $1.99 a month for 100 gigabytes of storage to $15.99 for 5-terabyte plans. The fees will be a new revenue stream for the company, whose ad revenue isn’t growing as fast as its peers’.

Snap rose more than 20% this month amid positive r/WallStreetBets chatter, buyout speculation, and increased investment by Saudi investor Prince Al Waleed bin Talal Al Saud. And the US spin-off of TikTok doesn’t seem to be taking the wind out of Snap’s sales.

How well can top AI models do these jobs?

An OpenAI benchmark tests how well AI models can perform “economically valuable” jobs.

Jon Keegan8h

Rani Molla

Electric vehicle sales to hit record this quarter as sun sets on tax credit

Cox Automotive expects US EV sales to reach 410,000 in Q3, up more than 20% from last year.

Rani Molla10h

Alibaba jumps as Macquarie and Jefferies up price targets on AI cloud demand

Alibaba is up about 4% this morning after Macquarie analyst Ellie Jiang raised her price target on the stock to a Street high of $235.60, up from $177.90, and Jefferies analyst Thomas Chong upped his price target to $230 from $178, based on a strong cloud outlook and synergies in its rapid-delivery model of e-commerce. The duo is among a string of analysts lately, including those at Morgan Stanley, Baird, and Bank of America, to raise their price targets on the stock.

The Jefferies analyst cited the company’s “remarkable progress made in multiple areas,” including foundation models, AI infrastructure, and agents. Alibaba also jumped up last week on news of an AI spending hike, a new model launch, and a partnership with Nvidia.

Separately, Bloomberg Intelligence analysts Robert Lea and Jasmine Lyu highlighted the e-commerce and cloud giant as a key beneficiary of Huawei’s reported plan to double output of its top AI chip next year.

“The doubling of production of Huawei’s marque AI accelerator chip in 2026 could help ease the semiconductor bottleneck at Alibaba, Tencent and Baidu,” they wrote.

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