Author: Eldin Yovlz

US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month. But there’s one product the president is particularly eager to produce in the US: iPhones. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted Friday morning on Truth Social. “If that is not the case, a Tariff of at least 25% must be paid by…

President Donald Trump said in a social media post Friday morning that Apple will have to pay a tariff of 25% or more for iPhones made outside the United States. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.,” Trump said on Truth Social. Shares of Apple fell about 2% on Friday after the post. Production of Apple’s flagship phone…

OpenAI CEO Sam Altman called Jony Ive “the greatest designer in the world” on Wednesday after announcing his company’s plan to buy Ive’s artificial intelligence device startup io, in a deal worth $6.4 billion. The deal signals OpenAI’s intention to build consumer devices, likely meant to get more people using its AI services regularly. Altman and Ive have stayed mum on the specific products they’re planning to roll out, and when, but their partnership shows that OpenAI is taking a big swing: Steve Jobs once described Ive as his “spiritual partner at Apple” and a “wickedly intelligent person in all ways,” according to Walter Isaacson’s 2011…

AI can perform tasks such as writing, coding, reasoning, and researching with great accuracy — all tasks that are key to starting your own company. That begs the question: can AI help people start their own billion-dollar business? Anthropic CEO Dario Amodei believes the answer is yes, and the point at which it happens is sooner than you may think. When asked at Anthropic’s first developer conference, Code with Claude, when the first billion-dollar company with one human employee would happen, Amodei confidently responded, “2026.” At the same event, Anthropic unveiled its most powerful family of models yet — Claude Opus…

Today’s newest AI models might be capable of helping would-be terrorists create bioweapons or engineer a pandemic, according to the chief scientist of the AI company Anthropic. Anthropic has long been warning about these risks—so much so that in 2023, the company pledged to not release certain models until it had developed safety measures capable of constraining them. Now this system, called the Responsible Scaling Policy (RSP), faces its first real test. On Thursday, Anthropic launched Claude Opus 4, a new model that, in internal testing, performed more effectively than prior models at advising novices on how to produce biological…

Hong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset. Unlike volatile digital assets like bitcoin, the value of stablecoins is tied to a real-world asset like fiat currencies or commodities like gold. The new law — focused on fiat-referenced stablecoins — will require stablecoin issuers to obtain a license from the Hong Kong Monetary Authority and comply with a range of requirements, including proper management of asset reserves and segregation of client assets. It will “enhance Hong Kong’s existing regulatory framework on virtual-asset (VA) activities, thereby fostering financial stability and…

Michael Dell is pitching a “decentralized” future for artificial intelligence that his company’s devices will make possible. “The future of AI will be decentralized, low-latency, and hyper-efficient,” predicted the Dell Technologies founder, chairman, and CEO in his Dell World keynote, which you can watch on YouTube. “AI will follow the data, not the other way around,” Dell said at Monday’s kickoff of the company’s four-day customer conference in Las Vegas. Dell is betting that the complexity of deploying generative AI on-premise is driving companies to embrace a vendor with all of the parts, plus 24-hour-a-day service and support, including monitoring.…

Wolfspeed Inc., a once high-flying U.S. semiconductor company known for its silicon carbide technology, is preparing to file for bankruptcy protection within weeks after months of failed out-of-court negotiations with creditors, according to people familiar with the matter. The Durham, North Carolina-based chipmaker is working with legal and financial advisers on a prepackaged Chapter 11 filing, a move that would allow the company to continue operating while restructuring more than $2.1 billion in debt. The filing could come as early as mid-June, barring a last-minute breakthrough with lenders, sources said. The company’s preparations mark a dramatic turn for a business…

Apple believes the future success of the iPhone depends on the availability of new artificial intelligence features. But tensions between Washington and Beijing may cripple the tech giant’s plans to deliver A.I. in its second-most-important market, China. In recent months, the White House and congressional officials have been scrutinizing Apple’s plan to strike a deal with Alibaba to make the Chinese company’s A.I. available on iPhones in China, three people familiar with the deliberations said. They are concerned that the deal would help a Chinese company improve its artificial intelligence abilities, broaden the reach of Chinese chatbots with censorship limits…

Individuals and small business have been paying more for power in recent years, and their electricity rates may climb higher still. That’s because the cost of the power plants, transmission lines and other equipment that utilities need to serve data centers, factories and other large users of electricity is likely to be spread to everybody who uses electricity, according to a new report. The report by Wood MacKenzie, an energy research firm, examined 20 large power users. In almost all of those cases, the firm found, the money that large energy users paid to electric utilities would not be enough…