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Top stories today:
- Apple's VP of iPhone, Watch design recruited by Ive, Altman
- Apple files appeal after Biden does not veto Watch imports ban
- Anthropic projects $850M in ARR in Dec. 2024
- Microsoft Copilot app launched for Android; soon in iOS
- Reddit's ad revenue +20% YoY to $800M+
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Apple's VP of iPhone, Watch design recruited by Ive, Altman to work on new AI device
Devices for the home are among the projects in the concept stage.
Ive/Tan to work on hardware, and Altman's OpenAI on software.
February: Tang Tan set to leave Apple to join Ive's design firm LoveFrom.
2. Apple files appeal after Biden does not veto Watch imports ban
Apple asked the U.S. Courts of Appeal for the Federal Circuit to pause the ban until U.S. Customs and Border Protection decides whether redesigned versions of the Watches still infringe Masimo's patents.
Jan. 12: U.S. CBP to decide.
Rare case where no settlement is reached: Apple seems confident it will win out in court or be able to circumvent the patent in a short time frame.
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4. Anthropic projects $850M in ARR in Dec. 2024, from $100M in Oct. 2023
Previous estimate was $500M, in Oct. 2023:
