Investing Koala

Top stories today:

1. OpenAI confirms event today at 1 PM ET, but “not GPT-5”

2. Apple nears deal with OpenAI to put ChatGPT tech on iPhone

3. Tariffs on Chinese EVs likely to 4x to 102.5%

4. Google I/O keynote on Tue at 1 PM ET: AI focus continues

5. 100 Billion Chip Subsidiaries
   

1. OpenAI confirms event today at 1 PM ET, but “not GPT-5, not a search engine”

• 1 day before Google’s I/O conference.

• An updated GPT-4 with better voice capabilities and visual understanding is reportedly being shown to customers, and could be demoed today.

• GPT-5 ETA: before year-end.
  
  

2. Apple nears deal with OpenAI to put ChatGPT tech on iPhone, including Siri revamp

• 2 sides “finalizing terms.”

• Google talks still ongoing.

• June 10: ETA for announcement, during the WWDC keynote.

• Apple execs worry about AI agents and the iPhone becoming a “dumb brick” vs. other technology.

• The new Siri should be “better at handling tasks that it already does.”

3. Tariffs on Chinese EVs likely to 4x to 102.5%

• ETA: this week.

• Other tariffs on key industries also going up.

• Move largely symbolic since current 27.5% already makes Chinese EVs uncompetitive in the U.S.

• Trump vowed to impose a 200% tariff on Chinese-made cars in Mexico

4. Google I/O keynote on Tue at 1 PM ET: AI focus continues

• A Google Gemini Ultra release schedule could finally be announced.

  • Google previously said it beat GPT-4 in most benchmarks, but failed to release it, even as it promised for “early” 2024.

• More integrations with Search and a potential AI-first Pixie gadget are also possibilities.

5. Visualized: $100B’s in chips subsidies from U.S., EU, China, Asia

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