OpenAI is exploring legal options against Apple due to dissatisfaction with the ChatGPT integration on iPhones, which failed to deliver expected subscriber growth and visibility. The partnership, announced in June 2024, integrated ChatGPT into Siri and Visual Intelligence features but has been criticized for poor feature discoverability and low revenue. Apple also has concerns about OpenAI's privacy practices and hardware ambitions. This situation highlights ongoing tensions Apple has with major software partners, reflecting a history of strained relationships with companies like Google and Spotify. OpenAI's potential legal steps may wait until after its trial with Elon Musk concludes.
Apple reported its best March quarter ever with revenue of $111.2 billion, driven by strong iPhone 17 sales and record Services revenue. The company raised its dividend and authorized a new $100 billion share buyback, signaling confidence in future g...
During President Trump's visit to China, Chinese President Xi Jinping assured a delegation of top U.S. executives, including Elon Musk and Tim Cook, that China will "open wider" to American companies amid ongoing trade tensions. This marks a notable ...
Evercore ISI raised its price target for Apple to $365 from $330, maintaining an Outperform rating and highlighting a bull case of $500 driven by strong growth in Apple's high-margin Services segment. The firm expects Apple to compound earnings and f...
Google is massively increasing its capital spending on AI infrastructure, guiding $175-$185 billion for 2026, dwarfing Apple's $12.7 billion capex. This shift highlights Google's growing dominance in AI, with its Gemini AI processing billions of toke...
At the Trump-Xi summit, key discussions centered on U.S. tech companies' access to the Chinese market and China's control over critical minerals. U.S. President Trump emphasized opening China to American businesses as a top priority, while China expr...
