Bloomberg Tech Apple Chooses Alibaba For China AI, Elon Musk Continues OpenAI Feud
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Feb 13, 2025 Anjaneh Mita, a General Partner at Andreessen Horowitz, discusses the competitive landscape of AI, focusing on Apple's partnership with Alibaba for iPhones in China and ongoing negotiations with Baidu. Sebastian Schimankowski, CEO of Klarna, reveals insight into the company's transformative collaboration with JP Morgan and its approach to navigating the cryptocurrency market. The conversation also touches on the shifting economic dynamics of AI technology amid geopolitical tensions and the importance of operational efficiency in navigating regulatory challenges.
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Apple's AI Partnership in China
- Apple will use Alibaba's AI tech for its iPhones in China to boost sales.
- This partnership is crucial for Apple's market share in China, where it faces competition.
Apple's Tariff Risks
- Apple faces tariff risks and investigations in China, impacting its stock price.
- The company's manufacturing hub is in China, making it vulnerable to geopolitical issues.
Apple's Stock Performance
- Apple's stock performance has been mixed due to concerns about iPhone demand and geopolitical factors.
- It's seen as a defensive stock with high cash flow and buybacks, but growth is a concern.