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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Jon Keegan23m

Report: OpenAI on track to burn $85 billion in 2028, expects profitability by 2030

Anthropic and OpenAI are racing to go public this year, and all eyes are on how long they can sustain burning billions in cash before they achieve something that looks like a viable business.

Investors have seen both companies’ projections, and there’s no sign of slowing down, according to a report from The Wall Street Journal.

OpenAI expects to burn tens of billions per year for the rest of the decade, peaking at $85 billion in 2028, before achieving profitability in 2030, per the report.

Anthropic will also continue to burn cash for years — far less than OpenAI — but it projects that 2026 will be its biggest year of losses. It targets 2029 for profitability, fueled by exploding enterprise revenue.

An Inside Look at OpenAI and Anthropic’s Finances Ahead of Their IPOs

OpenAI expects to burn tens of billions per year for the rest of the decade, peaking at $85 billion in 2028, before achieving profitability in 2030, per the report.

Form Energy iron-air battery system leaving Form Factory 1

Big batteries are the newest answer to Big Tech’s big energy needs

America’s booming energy demand is creating a powerful case for large-scale energy storage.

Patrick Sisson4/2/26

Over 50 years since it last sent astronauts to the moon, the US is now reentering a very different space race

The successful launch of the Artemis II lunar flyby marked one small step for NASA, while China’s already making giant leaps in its own space program.

Millie Giles4/2/26

Tom Jones

fatcatgpt

4/1/26

OpenAI is now valued at $852 billion — that’s about 5 Disneys

The company just closed out the biggest funding round in Silicon Valley history, raising $122 billion.

Sam Altman at BlackRock Infrastructure Summit Held In Washington, DC

Claire Yubin Oh

waymo’s world

3/30/26

Waymo’s now serving more than 500,000 paid robotaxi rides every week

The Alphabet-owned company grew its ridership more than tenfold in less than two years.

Waymo Self-Driving Electric Car Sighted In London

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