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Top stories today:
- Tesla wins Beijing’s backing for Full Self-Driving after Elon visit
- Apple renews discussions with OpenAI about AI partnership
- Alphabet rejoins $2T club after +10% stock performance on Fri.
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. Tesla wins Beijing’s backing for Full Self-Driving after Elon visit
Tesla is +7.5% pre-market on the news:
Tentative approval, according to WSJ sources.
Baidu will help with mapping and navigation functions.
Stock +3%.
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3. Apple renews discussions with OpenAI about AI partnership
Google was previously seen as the favorite to be chosen to be Apple’s partner.
Nothing has been decided yet, and Apple could even decide to go on its own or with another partner (such as Anthropic or xAI).
iOS 18 will come with many AI features, likely to be announced on WWDC on June 10, 2024.
