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Rani Molla7/8/25

Ives: Tesla board must “act now and set the ground rules” around Musk’s political ambitions

Tesla bull and Wedbush Securities analyst Dan Ives is not pleased with Elon Musk’s latest political machinations and thinks Tesla’s board needs to step in. After Musk announced the formation of his new America Party and rekindled his beef with President Trump, the stock dropped about 7% yesterday, though it’s trading up slightly today. Ives said angering Trump by pushing a competing party is the last thing Tesla needs as it pursues its AI future.

“Tesla is heading into one of the most important stages of its growth cycle with the autonomous and robotics future now on the doorstep and cannot have Musk spending more and more time creating a political party which will require countless time, energy, and political capital.”

Ives called on Tesla’s board to create a new incentive-driven pay package that stipulates how much time Musk must spend at Tesla, along with an oversight committee to curb his political actions.

The board may have an uphill battle. Morgan Stanley analyst and Tesla bull Adam Jonas said today that “investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk’s political priorities which may add further near-term pressure to TSLA shares.”

Ives added that he expects Musk to be CEO until at least 2030 and to potentially merge Tesla with xAI to “create one of the most powerful AI companies in the world under one roof over the next 12 to 18 months.”

Update: Ives shared his thoughts on X. Elon responded.

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Anthropic projections for 2028: Up to $70 billion in revenue, could be profitable by 2027

Anthropic’s Claude API business is doing so well with enterprise customers, the company is upping its revenue forecasts significantly. According to a report from The Information, the company’s robust corporate sales have caused it to revise its most optimistic forecast up to $70 billion in sales by 2028.

Anthropic estimates its API business will be double that of OpenAI’s API sales. OpenAI is currently burning through much more money per month than Anthropic, and reportedly expects to spend as much as $115 billion through 2029, while Anthropic is forecasting that it could be cash positive by 2027, per the report.

Anthropic Projects $70 Billion in Revenue, $17 Billion in Cash Flow in 2028

Anthropic Projects $70 Billion in Revenue, $17 Billion in Cash Flow in 2028

Anthropic estimates its API business will be double that of OpenAI’s API sales. OpenAI is currently burning through much more money per month than Anthropic, and reportedly expects to spend as much as $115 billion through 2029, while Anthropic is forecasting that it could be cash positive by 2027, per the report.

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Amazon, which is developing AI shopping agents, doesn’t want Perplexity’s AI shopping agents on its site

Amazon has sent a cease and desist letter to Perplexity AI, demanding that it stop letting its AI browser agent, Comet, make online purchases for users, Bloomberg reports.

Amazon, which is developing its own AI shopping agents and is having “conversations” with builders of third-party agents, accused the AI startup of “committing computer fraud by failing to disclose when its AI agent is shopping on a user’s behalf, in violation of Amazon’s terms of service.”

Perplexity, in response, said Amazon is attempting to “eliminate user rights” in order to sell more ads.

Amazon Demands Perplexity Stop AI Agent From Making Purchases

Amazon Demands Perplexity Stop AI Agent From Making Purchases

Amazon, which is developing its own AI shopping agents and is having “conversations” with builders of third-party agents, accused the AI startup of “committing computer fraud by failing to disclose when its AI agent is shopping on a user’s behalf, in violation of Amazon’s terms of service.”

Perplexity, in response, said Amazon is attempting to “eliminate user rights” in order to sell more ads.

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Apple to challenge Google Chromebooks with low-cost Mac laptop, Bloomberg reports

Apple is designing a new sub-$1,000 Mac laptop aimed at the education market, Bloomberg reports.

Google’s low-cost Chromebooks currently dominate the K-12 education market, and Apple’s reentry into the education market that it once owned could disrupt the sector’s status quo.

According to the report, Apple plans on using the custom mobile chips it currently uses in iPhones to power the more affordable devices.

Apple’s recent earnings demonstrated that iPhone sales have been steady, and the tech giant is looking to find new areas of growth, like services. A low-cost Mac could be popular with consumers, in addition to education buyers.

Apple Prepares to Enter Low-Cost Laptop Market for First Time

Apple Prepares to Enter Low-Cost Laptop Market for First Time

According to the report, Apple plans on using the custom mobile chips it currently uses in iPhones to power the more affordable devices.

Apple’s recent earnings demonstrated that iPhone sales have been steady, and the tech giant is looking to find new areas of growth, like services. A low-cost Mac could be popular with consumers, in addition to education buyers.

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Getty Images suffers partial defeat in UK lawsuit against Stability AI

Stability AI, the creator of image generation tool Stable Diffusion, largely defended itself from a copyright violation lawsuit filed by Getty Images, which alleged the company illegally trained its AI models on Getty’s image library.

Lacking strong enough evidence, Getty dropped the part of the case alleging illegal training mid-trial, according to Reuters reporting.

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

A number of high-profile copyright cases are still working their way through the courts, as copyright holders seek to win strong protections for their works that were used to train AI models from a number of Big Tech companies.

Getty Images largely loses landmark UK lawsuit over AI image generator

Getty Images largely loses landmark UK lawsuit over AI image generator

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

A number of high-profile copyright cases are still working their way through the courts, as copyright holders seek to win strong protections for their works that were used to train AI models from a number of Big Tech companies.

Uber says it’s doing better in markets where it has autonomous vehicles

It’s autonomous ride-sharing business is still very small.

Uber And Waymo Celebrate SXSW...

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