Tech
tech
Rani Molla

Apple is up on news it’s considering using OpenAI or Anthropic to power its AI assistant

The updated AI assistant Apple announced at its developer conference last year never came to fruition. Instead, the Apple Intelligence-powered Siri was rife with errors and was never able to pull contextual information from your chats and emails to provide better answers, as promised.

At this year’s WWDC, we barely heard about Siri at all. “Were continuing our work to deliver the features that make Siri even more personal,” SVP of Software Craig Federighi said in one of the only mentions of the assistant in the 90-minute presentation. “This work needed more time to reach a high-quality bar and we look forward to sharing more about it in the coming year.”

Now Bloomberg is reporting that Apple is looking for a solution that plays to its strengths: other people’s software.

Apple has been in talks with both OpenAI and Anthropic about using their large language models to power Siri, asking them “to train versions of their models that could run on Apple’s cloud infrastructure for testing.” Apple already had been giving the users the option to use ChatGPT for web-based search queries — a tedious extra step — but powered the assistant itself using its own technology.

The pivot would be an acknowledgement of failure in its own AI efforts, but could be a practical next step for a company that seems to be falling behind its peers.

Apple stock is up over 2% today since the report came out.

At this year’s WWDC, we barely heard about Siri at all. “Were continuing our work to deliver the features that make Siri even more personal,” SVP of Software Craig Federighi said in one of the only mentions of the assistant in the 90-minute presentation. “This work needed more time to reach a high-quality bar and we look forward to sharing more about it in the coming year.”

Now Bloomberg is reporting that Apple is looking for a solution that plays to its strengths: other people’s software.

Apple has been in talks with both OpenAI and Anthropic about using their large language models to power Siri, asking them “to train versions of their models that could run on Apple’s cloud infrastructure for testing.” Apple already had been giving the users the option to use ChatGPT for web-based search queries — a tedious extra step — but powered the assistant itself using its own technology.

The pivot would be an acknowledgement of failure in its own AI efforts, but could be a practical next step for a company that seems to be falling behind its peers.

Apple stock is up over 2% today since the report came out.

More Tech

See all Tech
tech

Amazon to lay off thousands more office workers on path to 30,000 cuts

Amazon plans to axe thousands of corporate workers next week, after laying off 14,000 back in October, according to Reuters. The new cuts could be “roughly the same” number as last time and may hit Amazon Web Services, retail, Prime Video, and human resources, the report said, citing people familiar with the matter.

The company plans to cut a total of 30,000 corporate positions as part of an effort to “streamline operations and reset its culture,” Business Insider reported separately, noting comments from CEO Andy Jassy, who said the earlier layoffs were “about culture” rather than AI-related cost cutting.

The company plans to cut a total of 30,000 corporate positions as part of an effort to “streamline operations and reset its culture,” Business Insider reported separately, noting comments from CEO Andy Jassy, who said the earlier layoffs were “about culture” rather than AI-related cost cutting.

Little  Bay Beach

There are now more than 1 million “.ai” websites, contributing an estimated $70 million to Anguilla’s government revenue last year

Data from Domain Name Stat reveals that the top-level domain originally assigned to the British Overseas Territory of Anguilla passed the milestone in early January.

tech

TikTok closes deal to operate in the US

TikTok has finally sealed its deal to establish a majority American-owned joint venture to manage its US operations.

On Friday, the social media company announced that its US arm will now be led by three “managing investors” — Silver Lake, Oracle, and MGX, each with a 15% holding — while ByteDance retains 19.9% of the business, and a swath of other investors, including Michael Dell’s family office, round out the cap table.

The joint venture will be operated by a seven-person majority American board of directors, which includes TikTok CEO Shou Chew, with Adam Presser, previously TikTok’s head of operations, trust, and safety, as its CEO.

Though the valuation of the new venture has not been shared, Vice President JD Vance has previously cited the market value of TikTok’s US operations at about $14 billion, just topping Snap and lower than Pinterest.

The deal closes the platform’s battle, which kicked off in earnest in August 2020 when President Donald Trump first tried to ban TikTok over national security concerns. The announcement notes that the new TikTok USDS Joint Venture LLC will “secure U.S. user data, apps and the algorithm.” Trump celebrated the deal, which has been signed off by both the US and Chinese governments, per Reuters, in a Truth Social post, saying TikTok “will now be owned by a group of Great American Patriots and Investors, the Biggest in the World.”

tech

Elon Musk says Tesla Robotaxis are operating without drivers, sending stock higher

Tesla CEO Elon Musk said that Tesla’s Robotaxis are now operating in Austin without a safety monitor. Tesla has been testing driverless cars in the area for about a month, and Musk had previously said the company would remove safety drivers by the end of 2025.

It’s unclear how many exactly of the roughly 50 Robotaxis the company operates in the area don’t have drivers. Tesla is “starting with a few unsupervised vehicles mixed in with the broader robotaxi fleet with safety monitors, and the ratio will increase over time,” Ashok Elluswamy, Tesla’s head of AI, posted shortly after Musk. Ethan McKenna, the person behind Robotaxi Tracker, estimates it’s two or three vehicles.

What is clear is that the move is good for Tesla’s stock, which is currently up 3.5%, extending its gains after Musk’s tweet. Morgan Stanley said yesterday that it considers the removal of safety drivers a “precursor to personal unsupervised FSD rollout.” Unsupervised Full Self-Driving is widely considered to be integral to the would-be autonomous company’s value proposition.

At the World Economic Forum earlier on Thursday, Musk said, “Self-driving cars is essentially a solved problem at this point.”

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.