White House AI adviser David Sacks defended the Trump administration’s decision to allow Nvidia and Advanced Micro Devices to resume sales of some artificial intelligence chips to China https://t.co/MlIGP4Sjvz ...

Some of the world’s biggest companies pledged tens of billions of dollars to accelerate the development of artificial intelligence in Pennsylvania, the latest splashy investments expected to draw praise from President Trump https://t.co/HU6Ahq3LEq ...

which is a nice segue to this because this morning, President Trump, members of his cabinet, CEOs of energy and AI companies, they're all gathering in one place, Pittsburgh, for the first annual energy and innovation summit. Joining us right now, first on CNBC is Senator Dave McCormack. Senator, good morning to you.Uh, congratulations on uh on what looks like an incredible event. Uh, tell us what's going on in Pittsburgh and then I've got about a million questions to ask you about all that's going on in AI ...

xAI, Elon Musk’s artificial intelligence and social media company, is in the early stages of a funding round that could value the business at $200 billion, the FT reports https://t.co/7JMIW2SNGQ ...

Grok, the flagship chatbot behind Elon Musk’s artificial intelligence company xAI, published a number of antisemitic posts, its second flurry of controversial responses to users in recent months https://t.co/f3zsFqP1NE ...

got alarming but not quite surprising news out of the State Department. An unknown person used artificial intelligence to impersonate Secretary of State Marco Rubio contacting at least three foreign ministers, a US governor, and a member of the United States Congress. That's according to a State Department cable obtained by NBC News. The cable was first reported by the Washington Post. It is um so what's the problem? Well, Michael, that this is going to keep that this is going to keep happening. It is going ...

Nvidia is poised to take advantage of growing demand for sovereign artificial intelligence, Citi analysts wrote Monday. https://t.co/DQdD4T2WVc ...

CoreWeave said it has received the market’s first artificial intelligence server system based on the newest, high-end Nvidia chip, a sign of its rising stature in the competitive AI cloud-computing space. https://t.co/iHmehJbTYn ...

Core Viewpoint - Tesla's stock experienced a significant decline, dropping 5% in a single trading session, contributing to a broader market downturn influenced by investor profit-taking and tensions between Elon Musk and President Trump [1][2]. Market Impact - Tesla's news significantly affected the overall market, with the S&P 500 and Nasdaq Composite also experiencing declines of 0.1% and 0.8% respectively [1][2]. - The U.S. Senate's passage of a tax and budget bill without restrictions on state AI regulations added to the bearish sentiment surrounding Tesla [4]. Stock Performance - Tesla's stock has decreased by 13% over the past month and approximately 26% year-to-date [4]. - The company's current valuation stands at about 10 times this year's expected sales and 161 times expected earnings, indicating that substantial growth is already factored into the stock price [6]. Business Outlook - The launch of Tesla's robotaxi service in Austin, Texas, marks a step forward, but scaling the business may take time [5]. - The core auto business faces potential headwinds, with a weaker sales outlook raising concerns about the stock's risk profile [7].

AI Strategy & Development - Apple is considering using OpenAI or Anthropic to power Siri, acknowledging its in-house AI limitations [1][3] - The market anticipates an upgraded Siri enhanced by AI, but details and timing remain unclear after the developers conference [3][4] - Integrating OpenAI or Anthropic's expertise is viewed as a positive step for Apple's AI development [3][4] Market & Competitive Pressures - Tariffs and weak sales in China, due to competitive pressure and the lack of a robust AI smartphone, pose challenges for Apple [5] - China sales showed slight improvement in the March quarter compared to the December quarter [5] Potential Competition - OpenAI's $64 billion investment in Johnny Ive's company for AI device development is seen more as a defensive move than a direct threat to Apple [6][7] - The industry views OpenAI's hardware efforts as an attempt to diversify and reduce dependence on Apple and Google's ecosystems [7] Analyst Perspective - Tom Forte, a senior consumer internet analyst at Max Group, has a "hold" rating on Apple stock with a price target of $201 [1]