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Top stories today:
- China considers probing Apple amid U.S. tariff tensions
- Figure AI to show “major breakthrough [in] the next 30 days”
- Judge in Elon x OpenAI case says claims of harm “far-fetched”
- Google Cloud growth slows from +35% to +30%
- AMD tumbles after forecasting -7% data center revenue for Q1
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. China considers probing Apple’s App Store fees and practices amid U.S. tariff tensions
Talks have stemmed from Tencent and ByteDance disputes with Apple.
Unreasonably high fees may be charged, Chinese regulators claim.
Google, NVIDIA, and Intel are also facing probes.
3. Figure AI leaves agreement with OpenAI, to show “major breakthrough [in] the next 30 days”
Tesla and Figure AI are considered the leaders in humanoid robot technology in the West.
Disclaimer: we are indirect investors in Figure AI.
4. Judge in Elon x OpenAI case says claims of harm “far-fetched,” but “plausible”, welcoming trial in 2026-2027
