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Apple Faces Challenges Ahead of WWDC
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What's up: Donald Trump and Elon Musk breakup; OpenAI cites China for ChatGPT misuses; crypto firm Circle’s shares soar in IPO.
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Illustration: ELENA SCOTTI/WSJ, GETTY IMAGES
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Tariffs threaten the profit margins of the company’s hardware business. And the president of the U.S. is openly pressuring Apple to effectively undo its two-decade-old business model of exclusively producing its devices overseas.
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Apple’s big tech peers now use their own annual developer events almost exclusively to tout their progress in AI. But Apple’s conference this year is expected to mainly demonstrate how far behind the company is in what is considered a once-in-a-generation technological shift
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How these challenges are addressed next week could make for an interesting event. And, as Gallagher reminds us, "Apple could very well spring some of its own surprises." Stay tuned for more WWDC coverage from CIO Journal. Read the story.
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Content from our sponsor: Deloitte
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How Emerging Technology Can Boost Commercial Banking Relationships
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Commercial banks can benefit from technologies that help enhance productivity, deepen client relationships, and improve overall banking client services. Read More
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Photo: Florence lo/Reuters
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OpenAI published its latest report on malicious uses of AI, saying that it had disrupted several attempts to leverage its artificial-intelligence models for cyber threats and covert influence operations that likely originated from China.
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OpenAI’s policies prohibit use of its popular AI chatbot and models to assist with fraud, scams or cyberattacks, WSJ reports. The company regularly suspends ChatGPT accounts it says are in breach of its rules.
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🎧 AI is becoming more ‘Cheers’ and less ‘50 First Dates’. The passive relationship between humans and technology is moving into a new, more personalized era. WSJ Pro’s enterprise technology bureau chief, Steven Rosenbush, explains the more “Cheers”-like approach to human-machine interaction.
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Amazon plans to invest over $5 billion in a cluster of data centers in Taiwan. The investment will support the launch of a new cloud services region on the island, WSJ reports.
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Wing, Alphabet's drone unit, and Walmart are expanding their delivery-by-air service to five U.S. cities: Atlanta, Charlotte, Houston, Orlando, and Tampa. Verge reports that the service currently operates in Dallas-Fort Worth and northwest Arkansas.
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Semiconductor and software maker Broadcom posted higher profit and sales in its fiscal second quarter as artificial intelligence demand continues to drive revenue growth, WSJ reports.
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Crackdown on foreign students threatens to disrupt pipeline of inventors
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Ajay Bhatt in 1981, when he left India to get a graduate degree in the U.S., and in 2023, with numerous awards for his achievements. Among his inventions: the Universal Serial Bus, or USB.
Ajay Bhatt; Shila Bhatt
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High-skilled immigration has long been part of the secret sauce that gave the U.S. the world’s most dynamic economy. Studies show newcomers punch well above their weight in innovative output and entrepreneurship. They authored 23% of U.S. patents from 1990 to 2016, according to a 2022 study by Shai Bernstein of Harvard Business School and four co-authors. They founded or co-founded more than half of America’s billion-dollar startups, according to another study.
Immigrants co-founded or played a major early role in Nvidia, Alphabet and Tesla.
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By the WSJ's Paul Kiernan
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President Trump and billionaire Elon Musk traded barbs and insults Thursday, rupturing a relationship that had been one of the most consequential in modern American politics. The feud broke into the open after Musk's criticism of Trump's "big, beautiful" tax and spending bill.
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Tesla on Thursday experienced a market-value decline of around $152.4 billion, its biggest one-day slide on record, according to Dow Jones Market Data
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Shares of Trump Media & Technology Group, the Truth Social parent company majority owned by the president, dropped 8% Thursday.
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The blow-up could derail a $5 billion debt sale that Morgan Stanley launched earlier this week for Musk’s artificial-intelligence company, xAI.
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One group that’s hopeful about the Trump-Musk rift: advertisers, who had been in Elon Musk’s crosshairs since exiting X en masse.
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Search interest in Musk surpassed the president, according to Google Trends.
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Here is our weekly roundup of stories from across WSJ Pro that we think you'll find useful.
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Morgan Stanley has built its own AI tool to help modernize its legacy code—something it says existing tools on the market still struggle with.
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After last year’s relative calm, U.S. companies are now dealing with rising logistics costs, supply-chain upheaval and uncertain consumer demand.
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Climate startups are feeling the impact of President Trump’s attacks on the energy-transition sector, as funding and job cuts, operational halts and bankruptcies rack up.
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Private equity is feeling the heat as buyout fund backers look for cash returns while firms hold tens of thousands of unsold companies.
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Everything Else You Need to Know
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Early signs of a slowing labor market raise the stakes for the May jobs report. This morning's nonfarm payrolls are expected to show softer hiring, but a steady unemployment rate. (WSJ)
A Boston federal judge temporarily blocked President Trump’s latest effort to prohibit international students from enrolling at Harvard University. (WSJ)
President Trump’s second-term travel ban is expected to be harder to fight in court than previous iterations, after the Trump administration heeded lessons from a first-term court battle over the policy’s legality. (WSJ)
Russia launched a huge missile and drone attack on Ukraine overnight, days after Ukraine embarrassed the Kremlin with a surprise strike on its bomber fleet. (WSJ)
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From Lab to Market: Data-as-a-Product in Life Sciences
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By centralizing and standardizing data stewardship, a DaaP approach can help life sciences organizations accelerate the R&D journey from drug discovery to launch. Read more.
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