Creative Indian Flag Consisting of a Smartphone over a Wooden Background

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US smartphones are entering their “made in India” era

India shipped nearly half of all US smartphone imports last quarter.

7/29/25 11:40AM

India has officially edged out China to become the top smartphone supplier to the US — for the first time ever.

According to new estimates from Canalys, the share of US smartphone imports from India surged to 44% in Q2, more than triple the 13% recorded a year ago. China’s share, meanwhile, more than halved over the same period, with the electronics powerhouse now accounting for just 25% of production — less than Vietnam.

Put simply, Apple has been aggressively redirecting production out of China after the country faced a cumulative 145% tariff rate in April. In the company’s latest earnings call, CEO Tim Cook said that the “majority” of iPhones sold in the US would be manufactured in India in Q2.

What’s interesting is that, for now, this is mostly a US-specific shift for the iPhone maker, as China remains the powerhouse of Apple’s global smartphone production. As of April, ~90% of iPhones were still made in China, which Cook has suggested will remain the main hub for devices sold outside the US. Other players like Samsung and Motorola are also moving US-bound smartphone assembly to India, per Canalys, though at a slower pace.

Part of India’s appeal comes down to basic tariff math: US importers currently pay a 20% tariff on smartphones from China — yet none from elsewhere, as electronics were exempted from reciprocal tariffs in April. But that relief might not last. Commerce Secretary Howard Lutnick has warned the reprieve is likely temporary, while President Trump has been pressuring Apple to bring production home with a 25% tariff threat on foreign-made iPhones.

And, of course, there remains a looming tariff deadline for both countries, which have yet to finalize a deal with Washington: India’s 26% reciprocal rate is set to take effect on August 1, and China’s facing an August 12 deadline to avoid broader tariff reinstatement.

Jon Keegan18m

Anthropic’s Claude can now control your computer through prompts from your phone

Anthropic has added a new feature to let Claude control your computer and accept prompts from your phone — and investors think this is extremely bad news for traditional software companies.

The ability to remotely control your AI agent (which has full access to your computer) is one of the key features of OpenClaw (aka MoltBot) that AI enthusiasts are currently obsessing over.

Anthropic’s Claude Code is already a huge hit with enterprise customers and software developers, and adding these remote agent features will be pretty significant.

Software stocks are tanking on the news, as the prospect of millions of people employing powerful agents to run 24/7 on their computers from their phones may very well mean fewer humans will pay to use those software products. Mainstays like Adobe, Atlassian, Hubspot, Figma, and Microsoft were all down significantly in early trading, with the iShares Expanded Tech Software ETF currently down nearly 4%, significantly worse than the wider market, and the S&P 500 Index off only 0.4%.

That puts IGV's return relative to the S&P 500 over the last week back into negative territory — a reversal of earlier in March when software had actually proven to be something of a safe-haven during the volatility of the US-Iran war. This morning, at least, it seems to be back to being a punching bag.

Anthropic says Claude can now use your computer to finish tasks for you in AI agent push

Anthropic’s Claude Code is already a huge hit with enterprise customers and software developers, and adding these remote agent features will be pretty significant.

Rani Molla1h

Amazon’s Zoox to increase San Francisco and Las Vegas footprint and expand service to Austin and Miami this year

Amazon’s self-driving unit, Zoox, has plans to debut its robotaxi service in Austin and Miami this year, where it’s currently testing, the company announced today. It also said it would be expanding its footprint in existing service areas in San Francisco (where there is limited public use) and adding more stops along the strip in Las Vegas, where it’s currently open to the public. In San Francisco, that means quadrupling coverage to include the Marina, North Beach, Chinatown, and Pacific Heights in addition to the SoMa and Mission districts where it is currently operating.

The news follows a spate of other announcements from the purpose-built, steering-wheel-less robotaxi company, including expansions into a total of 10 markets for testing and a partnership with Uber, in addition to its longtime tech relationship with Nvidia. Like many robotaxi companies, Zoox is teaming up with other self-driving tech companies and platforms in order to grow.

Rani Molla2h

Tesla’s European sales rise for the first time in more than a year but still lag BYD

New Tesla registrations jumped 12% in February from a year earlier to 17,664 units across the European Union, the United Kingdom, and the European Free Trade Association, according to new data from the European Automobile Manufacturers’ Association. China’s BYD once again beat out the American EV maker, posting 17,954 registrations in February, up 162% from a year earlier. BYD and Tesla each represented 1.8% of the European new car market last month.

The February data is a notable shift for Tesla, which saw its first monthly jump in the region since December 2024. Tesla has struggled in Europe since CEO Elon Musk’s ascension to the Trump administration and his forays into European politics in support of far-right parties. Tesla also posted gains in China in February, which is a much larger market for the carmaker.

Jon Keegan18h

Jensen Huang: We have achieved AGI now... sort of

Lots of AI leaders are thinking about a big moment looming over the current AI boom: when will we have achieved artificial general intelligence?

There’s no shortage of predictions, but we haven’t yet seen a full-throated declaration that this slippery milestone has been achieved.

Until now. On Lex Friedman’s podcast Monday, Nvidia CEO Jensen Huang was asked what he thought the timeline looked like for “an AI system that’s able to essentially do your job. So, run — no, start, grow, and run a successful technology company.”

Huang confidently answered: “I think it’s now. I think we’ve achieved AGI.”

Huang then hedged, noting that Friedman was talking about running a $1 billion dollar company, but he didn’t specify for how long. Huang elaborated, “It is not out of the question that a Claude was able to create a web service, some interesting little app that all of a sudden, you know, a few billion people used for $0.50, and then it went out of business again shortly after.”

So maybe it will be a while before Jensen Huang can get help running Nvidia by eating his own dog food.

Nvidia CEO Jensen Huang says ‘I think we’ve achieved AGI’

Huang confidently answered: “I think it’s now. I think we’ve achieved AGI.”

So maybe it will be a while before Jensen Huang can get help running Nvidia by eating his own dog food.

17.5%

Jon Keegan19h

OpenAI is trying to woo private equity investors with a sweet offer: a guaranteed minimum return of 17.5% on their investments, which is “significantly higher than typical preferred instruments,” as well as early access to new models, according to a report from Reuters.

The deal aims to build joint ventures to raise capital amid OpenAI’s intense competition for a bigger slice of the enterprise AI market. The minimum return offer is something that its competitor Anthropic is not currently offering, per Reuters.