Apple Will Add 20,000 US Jobs Amid Threat from Trump Tariffs
Feb 24, 2025
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Max Chafkin, a Bloomberg Businessweek columnist known for his insights into the tech industry, discusses Apple's plan to hire 20,000 new employees in the U.S. amid tariff concerns. He also dives into the fierce competition in the autonomous vehicle market, spotlighting Anthony Lewandowski's pivot to industrial applications. Monika Bickauskaite-Aleliune, Public Policy Director at Key Elements Group, shares her perspectives on the geopolitical landscape surrounding the ongoing Russia-Ukraine conflict and the implications for U.S. foreign policy.
Apple's announcement of 20,000 new U.S. jobs highlights the company's strategy to adapt to regulatory pressures and tariff challenges.
Anthony Lewandowski advocates for focusing autonomous vehicle technology on industrial applications, showcasing practical solutions for labor shortages in heavy machinery.
Deep dives
Regulatory Clarity in Cryptocurrency
Regulatory uncertainty surrounding cryptocurrency in the U.S. has been a major concern, but clarity may finally be on the horizon. This shift towards clearer regulations is anticipated to unlock various benefits for the industry, potentially encouraging innovation and investment. By establishing a framework that outlines acceptable practices, regulators aim to foster a more secure environment for both consumers and businesses. Such clarity can mitigate risks associated with non-compliance and the volatility inherent in the crypto market, ultimately leading to greater public trust in digital assets.
Microsoft's Strategic Adjustments
Concerns have arisen regarding Microsoft's recent stock performance, partly due to the company's decision to cancel certain leases for U.S. data center capacity. Despite these worries, analysts suggest that Microsoft is reallocating resources towards AI-driven revenue, which remains robust. The five-year agreement with OpenAI ensures continued profitability from applications like ChatGPT, while Microsoft maintains its projected $80 billion in capital expenditures for the year. Investors are advised to focus on Microsoft's long-term strategies rather than short-term fluctuations in its stock price.
Apple's Job Growth Amid Tariff Threats
Apple has announced plans to add 20,000 jobs in the U.S., which is seen as a response to potential tariff threats from the administration. This move reflects the company's intent to bolster local investment and navigate regulatory pressures more effectively. Analysts speculate that this job creation will not only focus on traditional roles but may also involve developing AI technologies and optimizing its supply chain. With ongoing challenges regarding tariffs and regulatory scrutiny, Apple's strategic investments in domestic capacity are crucial for maintaining its competitive edge.
The Evolution of Autonomous Vehicle Technology
Anthony Lewandowski, a key figure in the development of autonomous vehicles, argues for a shift in focus from robo-taxis to industrial applications of automation. By adapting driverless technology for use in controlled environments like mining sites, companies can bypass many of the challenges faced by urban robo-taxi models. A recent deal signed by Lewandowski's company for driverless dump trucks showcases this practical application of technology, emphasizing the need to tailor solutions to specific industry demands. This approach not only addresses technical challenges but also capitalizes on the growing labor shortages in heavy machinery operations.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence Senior Technology Analyst Anurag Rana reports on Apple saying it will hire 20,000 new workers and produce AI servers in the US as the company seeks relief from President Trump’s tariffs on goods imported from China. Bloomberg Businessweek Columnist Max Chafkin provides the details of his Businessweek Magazine story Levandowski Deal Pits Self-Driving Startup Against Heavyweights. Monika Bickauskaite-Aleliune, Public Policy Director at Key Elements Group, shares her thoughts on the start of year 4 of Russia's war with Ukraine. And we Drive to the Close with Eric Metz, Chief Investment Officer of SpiderRock Advisors. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.