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CrimsonRock
Apr 28, 2024
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Greetings and Happy Sunday!

Tech Titans

Apple’s Renewed Interest in OpenAI

App Store | Apple video game emulator | iPhone game emulator

Reports suggest Apple is back at the negotiating table with OpenAI potentially seeking to integrate generative AI features into the upcoming iOS 18. This follows news last month of Apple’s talks with Google about using their Gemini chatbot.

$AAPL

Google Fights Back Against the DOJ

In a bold move, Google has filed a motion to dismiss the Department of Justice’s landmark antitrust lawsuit. The DOJ accuses Google of monopolizing the digital advertising market, alleging that the tech giant engages in “anticompetitive and exclusionary” practices.

$GOOGL

Musk’s China Mission – Expediting Self-Driving Tech

Musk in China

Reports indicate Elon Musk’s recent China trip aimed to accelerate the rollout of Tesla’s full self-driving technology in the world’s largest EV market. His visit highlights both the opportunities and challenges Tesla faces in this crucial region.

$TSLA

Media

Paramount CEO’s Future Uncertain

Paramount CEO Bob Bakish

Reports suggest Paramount Global CEO Bob Bakish could be ousted as early as this week. He reported opposition to a merger with Skydance Media. This conflict comes at a crucial time, with renewal negotiations with Charter Communications looming.

$PARA

TikTok: Mere Ownership Changes Solve Little

The proposed legislation to force TikTok’s sale underscores a fundamental misunderstanding. The security threat lies not in who owns the app, but in the minds that crafted its algorithms. TikTok’s success comes from Chinese-developed code that understands US users. Even under new ownership, this algorithm would likely remain out of reach due to Chinese regulations.

Selling TikTok without its algorithmic heart is akin to offering a Ferrari without its engine – attractive in appearance, but ultimately worthless. US developers must craft a new algorithm. TikTok’s main US competitors are Meta and Snap Inc. (SnapChat)

$SNAP

Trade Ideas of the Week

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