Shipments of Apple and other foreign phones in China rose 9.2% in February compared to last year

+9%

Shipments of foreign-branded phones in China, including those made by Apple, rose more than 9% in February compared to a year earlier, according to data analyzed by Reuters. This is good news for Apple, which considers China one of its largest markets and has been struggling with local competition there lately. CEO Tim Cook recently went on a “charm offensive” in China to help boost business in the hypercompetitive market.

Apple, up about a half percentage point, is the rare tech stock in the green today.

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Rani Molla

Two’s a crowd

Lucid announces Cybercab competitor and self-driving tech subscription in a bid to take on Tesla

Lucid’s vehicle has two seats and no steering wheel... a lot like another vehicle we’ve been hearing a lot about lately.

Matt Phillips10h

Palantir announces slew of defense- and security-themed partnerships

Defense, intelligence, and AI software company Palantir Technologies announced a series of security-themed partnerships Thursday, ahead of its annual conference promoting its artificial intelligence software platform (AIP).

Shares were recently up 1.7%, stretching the stock’s gains over the past month to 19%.

The deals include partnerships with uranium enrichment company Centrus Energy, jet engine maker GE Aerospace, unmanned aerial vehicle maker Ondas, and privately held World View, which sells intelligence and surveillance balloons that operate in the upper atmosphere.

Separately, it also announced a new “sovereign AI OS reference architecture,” a collaboration Palantir says “delivers customers a turnkey AI data center from hardware procurement to application deployment.”

Reference architectures are effectively blueprints that tell organizations how to set up and use AI hardware and software systems.

Known as the Palantir OS Reference Architecture, it’s based on similar AI blueprints Nvidia already sells, and it will enable customers to use Palantir’s entire product set, including the AIP and Foundry, its data organization and management product.

Palantir Unveils Nvidia Software Pact, Defense Partnerships At AI Conference

Reference architectures are effectively blueprints that tell organizations how to set up and use AI hardware and software systems.

Rani Molla11h

Tesla’s China sales jump as EV market slumps

Tesla’s China sales grew 43% to 38,206 vehicles in February, compared a low baseline a year earlier.

Still, thanks to strong sales of its Model Y, Tesla defied countrywide trends — overall China EV sales fell 35% last month.

As a result, Tesla’s market share in China, its second-biggest market, grew to nearly 14% — its highest level in nearly two years.

Tesla's China sales rebound in Feb as market share hits nearly 2-year high

Rani Molla

12h

Uber, which exited self-driving in 2020, is now at the center of the robotaxi era

Uber, which plans to launch a robotaxi service with Wayve and Nissan in Tokyo this year, has deals with every major AV player.

US Lifts Restrictions on Chinese Chip EDA

NOBLE GAS

IMPASSE

Chris Stokel-Walker16h

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