Tech Turmoil and Tariffs: A Look at Apple, Meta, and More in the AI World

OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Apple and Meta are facing fines from the European Commission, but they are expected to be relatively modest to avoid angering the Trump administration. Trump has threatened new tariffs if the fines are seen as disproportionate. Meanwhile, Trump's auto tariffs are predicted to cause chaos in the industry and lead to major price hikes for consumers, with no carmaker benefiting from the tariffs. Apple and SpaceX are competing to eliminate cellular service dead spots, with Apple investing in satellite-based communications and SpaceX expanding its Starlink service. The two companies are also competing for limited spectrum rights. In other news, XAI has acquired X in an all-stock deal, Disney is under investigation for diversity, equity, and inclusion efforts, Apple plans to revamp its health offering with an AI doctor service in 2026, and CoreWeave raised $1.5 billion in its IPO. Oracle was hacked to extort U.S. medical firms, marketers are spending minimally on X to satisfy boycott accusations, and Google has opened Gemini 2.5 Pro to all users. Overall, there are significant developments in tech and business sectors with companies like Apple, Meta, SpaceX, and others making strategic moves and facing regulatory challenges.Global markets are experiencing a downturn as "liberation day" approaches, with tariffs causing uncertainty. Coreweave's IPO performance on Nasdaq reflects broader market challenges and the company's need for growth. CEO Michael Intrator discusses scaling back the IPO due to market conditions and debt concerns. The company heavily relies on one customer, Microsoft, and faces potential disruptions from new technology. Despite doubts, Intrator remains confident in meeting client demands and generating value for investors. In other news, Trump pushes for aggressive tariff policies, including potential levies on trading partners. China's AI industry gains traction with the emergence of competitive models like DeepSeek. Joann Fabrics' downfall is explored, while analysts discuss the potential impact of tariffs on the economy. Consumer sentiment is affected by inflation and trade tensions. Watercooler topics include companies slashing earnings forecasts, Trump's social security nominee, and uncertainty surrounding American promises. Overall, the market outlook is uncertain due to tariff uncertainties and geopolitical tensions.

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