logo
DeepSeek Gets Endorsement from Apple CEO as AI Spotlight Shifts

DeepSeek Gets Endorsement from Apple CEO as AI Spotlight Shifts

Yahoo24-03-2025

Apple (NASDAQ:AAPL) Chief Executive Officer Tim Cook praised Chinese artificial intelligence firm DeepSeek (DEEPSEEK) during his ongoing visit to China, according to a report from the South China Morning Post.
Speaking to China News Service, Cook described DeepSeek's AI models as excellent, though he did not provide additional details. DeepSeek gained attention in January with the launch of its R1 large language model, which initially sparked concern among investors about potential shifts in artificial intelligence spending.
However, sentiment has since shifted. Nvidia (NASDAQ:NVDA) CEO Jensen Huang and other industry figures have said the early market reaction was likely overstated.
This marks Cook's first official trip to China in 2025, as shared on his verified Weibo account. Over the weekend, Cook visited educational institutions, highlighting how Apple devices like the iPad, Mac, and Vision Pro are being used in classrooms and creative spaces.
Separately, Apple on Monday said it would establish a $99 million investment fund to support clean energy development in China.
This article first appeared on GuruFocus.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The U.S.-China leverage game
The U.S.-China leverage game

Axios

time26 minutes ago

  • Axios

The U.S.-China leverage game

Negotiations usually boil down to leverage — specifically, who has more of it. In the U.S.- China talks underway Monday in London, the question of who has the upper hand boils down to macro- versus micro-economics. The big picture: A slew of data out of China shows the massive cost that U.S. tariffs impose on the Chinese economy, reflecting both underlying economic weakness and what the nation stands to lose if no trade peace is reached. The U.S., meanwhile, has had a run of perfectly solid macroeconomic data, but has much to lose if China continues throttling supplies of rare earth minerals and other specific goods that U.S. industries desperately need. State of play: All is not well for the fundamentals of China's economy, and plunging trade with the U.S. exacerbated those problems. Chinese exports to the U.S. fell 34.5% in May from a year ago, according to Chinese National Bureau of Statistics data out Monday. Its imports from the U.S. also fell, by 18%. Consumer prices fell for the fourth consecutive month, the bureau said, while producer prices fell the most in nearly two years. The mix of moribund export activity and falling prices compounds the nation's challenges grappling with a property bust and debt overhang. Yes, but: That might make Chinese negotiators eager to make a deal. After all, the nation's leadership views maintaining stable economic conditions and good living standards as crucial for their own hold on power, and collapsing exports to the U.S. undermine that goal. But they have plenty of leverage of their own, tied to U.S. reliance on very specific Chinese exports. Reality check: China's power in this standoff is tied to its ability to restrict exports of rare earth minerals, certain electronics, and pharmaceuticals. By throttling a handful of export categories, China can potentially exact damage on the U.S. economy that's far larger than the dollar value of the lost trade flows. Adam Posen, president of the Peterson Institute for International Economics, argued in an influential essay this spring that this means China has "escalation dominance," the power to escalate or de-escalate according to its goals. What they're saying: "The United States gets vital goods from China that cannot be replaced any time soon or made at home at anything less than prohibitive cost," Posen wrote in Foreign Affairs. In the event of aggressive escalation, he wrote, the U.S. "will face shortages of critical inputs ranging from basic ingredients of most pharmaceuticals to inexpensive semiconductors used in cars and home appliances to critical minerals for industrial processes including weapons production." The intrigue: The Wall Street Journal reported Monday morning that President Trump has authorized his negotiating team to loosen export restrictions on jet engines and other products as part of the talks, citing people familiar.

After vowing ‘90 deals in 90 days,' the White House's rhetoric runs into reality
After vowing ‘90 deals in 90 days,' the White House's rhetoric runs into reality

Yahoo

time29 minutes ago

  • Yahoo

After vowing ‘90 deals in 90 days,' the White House's rhetoric runs into reality

Donald Trump clearly wants the public to believe he recently struck a trade deal with China. The president did not actually reach such an agreement, but he's leaned into his fictional narrative with great enthusiasm lately. Last Thursday, for example, the Republican published an item to his social media platform, noting that he'd spoken to Chinese President Xi Jinping about 'the intricacies of our recently made, and agreed to, Trade Deal.' Soon after, during an Oval Office event, he again touted the same 'trade deal.' A day later, Trump posted a follow-up item, announcing the members of a delegation who would travel to London to meet with Chinese officials about 'the Trade Deal.' The bad news is that the 'trade deal' in question does not exist, no matter how many times the American president pretends otherwise. The good news is that administration officials will actually have some discussions with their Chinese counterparts. NBC News reported: Senior U.S. and Chinese officials will meet in London on Monday in an effort to de-escalate the bitter trade dispute between the world's two biggest economies that has roiled the global economy, with China's restrictions on critical minerals high on the agenda. About a month ago, Trump announced what he characterized as a 'deal' with China, but the closer one looked at the details, the more the truth came into focus. Georgetown University professor Abraham Newman wrote a great piece for MSNBC that explained, "While the U.S. did avoid a major economic calamity, this is not a deal. The U.S. blinked. ... Far from some diplomatic coup, the U.S. climb down reflects the economic risks of maintaining such high tariffs.' The editorial board of The Wall Street Journal came to the same conclusion, noting, '[T]he China deal is more surrender than Trump victory.' Complicating matters, while the White House and Beijing reached a tentative agreement that paused the two countries' tit-for-tat tariffs, both countries have since accused each other of violating the agreement. All of which brings to mind Peter Navarro, the White House's top trade adviser, who boasted in April, 'We're going to run 90 deals in 90 days.' Navarro added that such a plan 'is possible' in part because 'the boss is going to be the chief negotiator.' Roughly two months later, the grand total currently stands at zero. Generous observers might be inclined to give Trump credit for striking a deal with the U.K., but as The Washington Post's Dana Milbank summarized in his latest column, that deal is really more of a 'vaguely phrased framework with Britain that still hasn't been made public.' What's more, a new Politico report added that a month after the agreement was announced, the U.S.-U.K. duties 'remain in place' and 'there is still no clear timeline for when they'll lift.' Or to put it another way, two-thirds of the way into the '90 deals in 90 days' vow, the White House appears to be 90 deals short. Undeterred, Navarro returned to Fox Business late last week, where he was asked when the public should expect to see some breakthroughs. 'We will have deals,' Navarro said. 'It takes time. Usually, it takes months and years. In this administration, it's gonna take more like days.' On average, the typical timeframe for a U.S. trade deal is roughly 30 months. That didn't deter Navarro from pushing the '90 deals in 90 days' talking point in April, and it apparently didn't stop him from claiming again last week that Team Trump will produce amazing results in a matter of days. The White House's top trade adviser should be going out of his way right now to lower expectations after already having set an impossibly high bar. For reasons unknown, Navarro is doing the opposite, setting up the Trump administration for additional failure. This article was originally published on

Apple Poised to Monetize AI at WWDC 2025
Apple Poised to Monetize AI at WWDC 2025

Yahoo

time29 minutes ago

  • Yahoo

Apple Poised to Monetize AI at WWDC 2025

Apple (NASDAQ:AAPL) looks ready to kick off its AI monetization era with system-wide updates at WWDC 2025, Wedbush's Daniel Ives says, setting the stage for paid AI features across the Apple ecosystem. The keynote at 1 p.m. ET today at Apple Park will unveil '26 upgrades for macOS, iOS and iPadOS powered by Apple Intelligence, countering Street skepticism about a slow AI rollout. In his Monday note, Ives argued that WWDC marks the start of Apple's AI cash flow, not a mere feature demo, as the company layers new AI-driven capabilities into core OS updates. He expects details on Siri's deeper integration with Google's Gemini and OpenAI's ChatGPT, demonstrating how Apple will embed AI across native apps to drive user engagementand, ultimately, device upgrades when iPhone 17 ships next year. With over 100 million iPhones in China due for an upgrade, Ives also eyes an announcement on Apple's partnership with Alibaba (NYSE:BABA) to deploy AI services locally, a move he calls critical for unlocking growth in the world's largest smartphone market. Wedbush reiterates its Outperform rating and raises its 12-month price target to $270, noting that Apple's edge isn't in building the most advanced large language model but in toll-collecting'' on its vast hardware base. Apple's unmatched ecosystem ensures that any third-party AI app must run through Cupertino, highlighting how AI unlocks new services revenue without upending its product strategy. Why It Matters: WWDC's AI announcements could shift Wall Street sentiment, validating Apple's long-term AI strategy and fueling expectations for recurring software revenue beyond hardware sales. Investors will watch for concrete details on AI feature pricing, Siri-Gemini integrations and the Alibaba tie-up during today's keynote and in the follow-up developer sessions. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store