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Top stories today:
- EU: preliminary view that App Store rules violate DMA rules
- Meta, Anthropic, Perplexity in talks with Apple over AI integration
- VR, AR, metaverse startup funding at $0.46B YTD
- Startup closures on Carta hit record high in 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.
1. EU: preliminary view that App Store rules violate Digital Markets Act (DMA)
Apple prevents āapp developers from freely steering consumers to alternative channels for offers and content,ā says the EU.
Alternative app stores should be free, the EU suggests.
Mar. 25: deadline for the EU to make a final decision.
Apple could make changes before that.
$38B fine is possible (10% of global revenue).
$1.9B fine was given in Mar.
2. Meta, Anthropic, Perplexity in talks with Apple over AI integration
No fixed fee, only a commission of subscription sales, for now, similar to the OpenAI deal.
Google pays Apple ~$20B/year to be the default search engine, and we could see Apple starting an auction to determine who is going to be the default external chatbot.
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