Alphabet Option Alert: Mar 21 $200 Puts at the Ask: 1565 vs 3722 OI

Alphabet Option Alert: Mar 21 $200 Puts at the Ask: 1565 @ $15.85 vs 3722 OI; Ref=$184.9

Alphabet (NASDAQ:GOOG) 주식

Alphabet

Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

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미국 주식은 월요일에 상승세를 보였고, 다우 존스 산업 평균은 0.08% 상승하여 42,305.48로 마감했으며, S&amp;P 500은 0.4% 상승하여 5,935.94에, 나스닥은 거의 0.7% 상승하여 19,242.61에 도달했다. 다음은 하루 동안 소매 거래자와 투자자들의 주목을 받은 주요 주식들이다:

월요일 주목받은 주식: 어플라이드 디지털, 메타 플랫품스, 알파벳, 리라 테라퓨틱스, 테슬라

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스트레티지(NASDAQ:MSTR)의 공동 창립자이자 회장인 마이클 세일러는 수년간 준비해 온 &#39;비트코인 비축&#39;(Bitcoin Treasury) 전략의 성공을 숨기지 않고 공개하고 있다. 이러한 전략은 현재 몇 년간의 준비 끝에 결실을 맺고 있으며, 몇몇 경쟁사들이 따라하고 있다.

마이클 세일러의 스트레티지, 애플·테슬라·아마존 등 &#39;매그 7&#39; 수익률 크게 상회해···비트코인 비축 베팅에 성공?

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썬 마이크로시스템즈(Sun Microsystems) 공동 창립자이자 오픈AI의 초기 후원자였던 비노드 코슬라(Vinod Khosla)는 알파벳(NASDAQ:GOOGL)(NASDAQ:GOOG)이 잘못된 경쟁을 쫓고 있다며 구글이 웨이모에 자금을 투자할 것을 촉구했다. 

벤처 캐피털리스트 비노드 코슬라, 구글에 &#34;검색은 잊고 자율주행에 수백억 달러 투자하라&#34; 촉구

Alphabet Inc

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) is once again calling out corruption in the Trump Administration, following a questionable decision made by the U.S. Securities and Exchange Commission.
What Happened: On Monday, Warren shared a video on X questioning the SEC&#8217;s recent approval of Brazilian meat processing company&nbsp;JBS SA&#8217;s&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/JBSAY#OTC">JBSAY</a>) listing on the New York Stock Exchange, despite its history of corruption, price fixing, and safety violations.
&#8220;JBS and its subsidiaries have been fined hundreds of millions of dollars for bribery, for price fixing, for safety violations, you name it,&#8221; Warren said.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45734749/after-4-months-elon-musk-learned-what-every-american-already-knows-says-ross-gerber-no-one-in-government-wants-to-cut-any-budget">After 4 Months, Elon Musk Learned What Every American Already Knows, Says Ross Gerber: &#8216;No One In Government Wants To Cut Any Budget&#8217;</a>
She then highlighted the company&#8217;s connection with the Trump administration, bringing attention to the fact that JBS&#8217; subsidiary, Pilgrim&#8217;s Pride, contributed $5 million to President Donald Trump&#8217;s inauguration fund, the single-largest donation. 
&#8220;And can you guess which company made the single largest donation to Trump's inauguration? Pilgrim's Pride, which is owned by JBS,&#8221; while noting that the figure was higher than the contributions made by Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) combined.
&#8220;After a decade of trying and failing to get the green light to go public, suddenly Trump's SEC gives them the go-ahead,&#8221; she says. &#8220;That sounds pretty fishy to me.&#8221;
Warren said she has sent a letter to the CEOs of JBS and Pilgrim's Pride demanding answers. &#8220;We've got to fight back against shady corporate deals and stand up for the Americans who actually play by the rules,&#8221; she said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Donald Trump just approved the largest meat company in the world to be listed on the New York Stock Exchange—completely ignoring its history of corruption and bribery. Why? Maybe because they donated $5M to his inauguration. I&#39;m pressing for answers. <a href="https://t.co/t0NwZRsDRt">pic.twitter.com/t0NwZRsDRt</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1929593472169730236?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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JBS SA did not immediately respond to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s</a> request for comments. Why It Matters: JBS SA&#8217;s owner, Joesley Batista, is known to have <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/05/9487244/brazil-is-no-stranger-to-corruption-what-trump-and-the-u">recorded a conversation</a> with former Brazilian President Michel Temer where the latter is seen encouraging the continuous bribery of a jailed politician. The recording was presented to prosecutors as part of a plea bargain.
Temer replaced President Dilma Rousseff as the leader of Brazil. Rousseff was impeached for criminal administrative misconduct.
JBS shareholders approved the company&#8217;s proposal for a dual listing during its Extraordinary General Meeting held two weeks ago. Its shares are expected to begin trading in Brazil&#8217;s São Paulo Stock Exchange (B3), as well as the New York Stock Exchange, on June 9 and 12, respectively, according <a href="https://jbsfoodsgroup.com/articles/jbs-shareholders-approve-dual-listing">to</a> a press release. 
Warren has been a vocal critic of the Trump administration&#8217;s business dealings in recent weeks, having called for a probe into billionaire Elon Musk&#8217;s Starlink receiving <a href="https://www.benzinga.com/cannabis/25/06/45715155/elizabeth-warren-calls-it-textbook-corruption-once-again-asks-for-probe-into-elon-musk-cashing-in-on-trump-tariffs">favorable operating permits</a> while leveraging Trump&#8217;s tariffs and trade talks with nations across the globe.
Photo: Shutterstock/Sheila Fitzgerald
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45737741/chuck-schumer-says-if-taco-trump-is-already-folding-on-iran-the-american-people-need-to-know-one-day-he-sounds-tough-the-next-day-hes-backing-off">Chuck Schumer Says If &#8216;TACO Trump&#8217; Is Already Folding On Iran The American People Need To Know: &#8216;One Day, He Sounds Tough, The Next Day He&#8217;s Backing Off&#8217;</a></li>
</ul>

Politics

JBSAY

Elizabeth Warren Says Trump 'Approved' The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average inching up 0.08% to 42,305.48, the S&amp;P 500 advancing 0.4% to 5,935.94, and the Nasdaq climbing nearly 0.7% to 19,242.61. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Applied Digital Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>)
Applied Digital&#8217;s shares surged by 48.46%, closing at $10.14. The stock hit an intraday high of $10.54 and a low of $8.03, with a 52-week range of $3.01 to $12.48. The shares rose nearly 3.5% in the after-hours trading. The company announced <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45721501/applied-digital-stock-surges-on-ai-data-center-deal-with-coreweave-what-you-need-to-know">long-term lease agreements</a> with CoreWeave Inc., spanning approximately 15 years. These agreements will provide 250 megawatts of critical IT load to support CoreWeave&#8217;s AI and high-performance computing infrastructure at Applied Digital&#8217;s North Dakota data center.
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta Platforms saw a 3.62% increase, closing at $670.90. The stock&#8217;s intraday high was $673.26, with a low of $644.26, and a 52-week range of $442.65 to $740.89. The company is reportedly preparing to <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45732479/whats-going-on-with-meta-shares-today-2">launch a fully automated ad creation system</a> powered by AI by the end of 2026. This initiative is part of CEO Mark Zuckerberg&#8217;s strategy to enhance AI capabilities and revolutionize ad creation and delivery.
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45716383/trump-administration-shuts-down-66-million-food-stamp-fraud-and-bribery-scheme-arrests-usda-employee-and-5-others" target="_blank" rel="noreferrer noopener">Trump Administration Shuts Down A $66 Million Food Stamp Fraud And Bribery Scheme, Arrests USDA Employee And 5 Others &#8211; Benzinga</a>
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)
Alphabet&#8217;s Class A stock declined by 1.6%, closing at $169.03. The stock reached a high of $169.87 and a low of $167.39, with a 52-week range of $140.53 to $207.05. The Company&#8217;s Class C shares closed 1.4% lower at $170.37. Despite concerns about Google Search&#8217;s value, Goldman Sachs analysts believe Alphabet is <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45726507/alphabet-set-to-gain-from-google-ai-innovation-underappreciated-youtube-goldman-sachs">strategically positioned</a> for the AI era, particularly with its Google AI and YouTube offerings.
Lyra Therapeutics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYRA#NASDAQ">LYRA</a>)
Lyra Therapeutics experienced a remarkable 310.75% jump, closing at $20.25. The stock&#8217;s intraday high was $37.50, with a low of $8.65, and a 52-week range of $3.81 to $37.50. The surge followed the release of <a href="https://www.benzinga.com/news/health-care/25/06/45719649/why-is-lyra-therapeutics-stock-surging-over-400-on-monday">positive results</a> from the ENLIGHTEN 2 Phase 3 trial of LYR-210, which showed significant improvement in treating Chronic Rhinosinusitis. The stock gained 4.9% in after-hours trading.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares fell by 1.09%, closing at $342.69. The stock recorded an intraday high of $348.02 and a low of $333.33, with a 52-week range of $167.42 to $488.54. The company is facing increased competition from Chinese electric vehicle makers, including BYD, Li Auto, Nio, and Xpeng, all of which reported strong&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45729188/tesla-stock-is-trading-lower-today-whats-going-on">delivery numbers</a>&nbsp;for May.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="441" height="279" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02215402/Screenshot-2025-06-03-at-10.53.47.png" alt="" class="wp-image-935818" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02215402/Screenshot-2025-06-03-at-10.53.47.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02215402/Screenshot-2025-06-03-at-10.53.47-300x190.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>
Benzinga&#8217;s Edge Stock Rankings show that Meta has a positive Price Trend in the Short, Medium and Long terms. Here is how the stock is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ranked</a> on other metrics.
Photo Courtesy: Billion Photos on Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45737979/cathie-wood-sells-tesla-stock-as-chinese-rivals-gain-ground-ark-dumps-palantir-amid-privacy-concerns">Cathie Wood Sells Tesla Stock As Chinese Rivals Gain Ground — Ark Dumps Palantir Amid Privacy Concerns</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Applied Digital Corp, Meta Platforms, Alphabet, Lyra Therapeutics, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) co-founder Steve Jobs' widow, Laurene Powell Jobs, seems to have endorsed a <a href="https://www.benzinga.com/tech/25/05/45602719/openais-acquisition-of-jony-ives-startup-poses-threat-to-apples-dominance">mysterious AI hardware</a> device being developed by Jony Ive and OpenAI CEO Sam Altman.
What Happened: In a Financial Times interview that was published on Monday, Ive reflected on his years designing the iPhone and its ripple effects on society.
"Many of us would say we have an uneasy relationship with technology at the moment," he said, referring to the harmful effects of technology like social media addiction.&nbsp;
The former Apple design chief said that his work on the AI-powered device with Altman is driven by a sense that "humanity deserves better."
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang: ‘… Likely To Be The Next Multi-Trillion Dollar Industry&#8217;</a>
"If you make something new, if you innovate, there will be consequences unforeseen … While some of the less positive consequences were unintentional, I still feel responsibility. And the manifestation of that is a determination to try and be useful."
Powell Jobs, who has remained close to Ive since Steve Jobs&#8217; passing in 2011, praised the collaboration and has invested in both his LoveFrom design firm and the io hardware startup behind the new device.
"If it wasn't for Laurene… there wouldn't be LoveFrom," Ive said. The AI hardware project, currently <a href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report">valued at $6.5 billion</a>, is being acquired by OpenAI.
Powell Jobs expressed cautious optimism, noting that while technology has "dark uses," she's inspired watching ideas go from a thought to drawings, to prototypes and then something you think can't get any better, but then seeing the next version.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
"Just watching something brand new be manifested, it's a wondrous thing to behold," she stated.
When asked if this new device will rival Apple&#8217;s offerings, she said, "I'm still very close to the leadership team in Apple. They're really good people and I want them to succeed also."
Before meeting Steve Jobs, Powell Jobs built her career in finance and is now estimated to be worth $11.4 billion.
Why It's Important: Previously, Ive referred to smartphones and laptops as "<a href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet">legacy products</a>," implying that they no longer define the future of computing.
Earlier, Gene Munster cautioned that OpenAI poses the first major competitive <a href="https://www.benzinga.com/news/25/05/45599511/apple-faces-first-serious-threat-in-20-years-as-openai-acquires-iphone-makers-former-design-chief-jo">threat to Apple in 20 years</a> following the AI startup's acquisition of Ive's hardware startup.
Apple has been <a href="https://www.benzinga.com/tech/25/05/45602719/openais-acquisition-of-jony-ives-startup-poses-threat-to-apples-dominance">struggling to make meaningful advancements</a> in AI. The tech giant is also experiencing a wave of departures, including senior executives and engineers.
This talent drain comes as rivals like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) continue to push forward in the generative AI race.
Price Action: Apple shares climbed 0.42% during Monday's regular trading session, as per <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Apple holds a growth score of 32.97%. Click here to compare it with other major players such</a> as Alphabet and Microsoft.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02220533/Screenshot-2025-06-03-at-7.33.17%E2%80%AFAM.png" alt="" class="wp-image-935831" /></a></figure>
Photo Courtesy: charnsitr on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

Steve Jobs' Widow Is Backing Jony Ive's Mystery AI Device Even Though She's Still 'Very Close' To Apple Leadership: 'If It Wasn't For Laurene…'

<a href="https://www.ft.com/content/6df5a2c7-d9ae-49ac-a709-c478a3dd69dd" title="https://www.ft.com/content/6df5a2c7-d9ae-49ac-a709-c478a3dd69dd">https://www.ft.com/content/6df5a2c7-d9ae-49ac-a709-c478a3dd69dd</a>
<a href="https://www.ft.com/content/6df5a2c7-d9ae-49ac-a709-c478a3dd69dd">https://www.ft.com/content/6df5a2c7-d9ae-49ac-a709-c478a3dd69dd</a>

'Google to spend $500M on compliance to settle shareholder antitrust suit'- Financial Times

<a href="https://www.bloomberg.com/news/articles/2025-06-02/musk-s-xai-launches-5-billion-debt-sale-through-morgan-stanley" title="https://www.bloomberg.com/news/articles/2025-06-02/musk-s-xai-launches-5-billion-debt-sale-through-morgan-stanley">https://www.bloomberg.com/news/articles/2025-06-02/musk-s-xai-launches-5-billion-debt-sale-through-morgan-stanley</a>

'Musk's xAI Launches $5 Billion Debt Sale Through Morgan Stanley' - Bloomberg News

An Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) analyst looks at the bear and bull cases for the stock, with items such as new smartphones, tariffs and artificial intelligence weighing on investors&#8217; minds about the future of <a href="https://www.benzinga.com/25/05/45620995/apple-stock-one-of-the-biggest-beneficiaries-in-us-india-trade-deal-producing-iphones-in-the-us-is-a-fairy-tale">the tech giant.</a>
"We present a comprehensive summary of the bull/bear debates on Apple. Despite near-term headwinds, we see significant long-term opportunity," Bank of America analyst Wamsi Mohan says.
The analyst maintained a Buy rating with a $235 price target.
The Apple Bear Case: Mohan says there are many items that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44961882/iphone-resecue-apple-tariff-worries">could be headwinds </a>and increase the bear case for Apple stock, including regulatory, lagging in the artificial intelligence race and gross margins potentially peaking.
"We see tariffs and moving supply chains as additional risks," Mohan said.
The analyst said Apple's supply chain, which is centered in China, has been a source of cost advantages and efficiencies. That could now be under pressure with tariffs on China and other countries.
"The U.S.-China trade tensions and protectionist policies are squeezing Apple in both its major markets." &nbsp;
One of the top concerns for Apple could be the growing disruption of artificial intelligence, which could bypass traditional smartphone apps or web searches, the analyst said.
"This hints that AI-driven platforms could reduce time spent within the iPhone's ecosystem."
Mohan said Google's AI features could drive consumers away from iPhones to Android devices with Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) integrating more AI into its smartphones.
The analyst also said there are concerns for Apple growth past the iPhone.
"Bears question whether Apple has a ‘next big thing' on the horizon that can re-ignite substantial growth, or if the company is now essentially at the maturity stage of its innovation cycle."
Apple revenue was down in 2023 and up only at a low single-digit rate year-over-year in 2024.
"Apple's stock currently trades at a premium valuation that looks increasingly difficult to justify given the company's modest growth profile."
The analyst said the bear case is Apple is trading like a growth stock, but the growth isn't there anymore.
Read Also: <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">Apple Reports &#8216;Strong&#8217; Q2 Earnings: Revenue Beat, EPS Beat, Installed Base Hits All-Time High Across All Segments, $100 Billion Buyback And More</a>
The Apple Bull Case: While there are several headwinds facing Apple stock, Mohan also sees a bull case maintained thanks to the company's resilient earnings, vertical integration, expanding installed products base, services growth and more.
"Despite various headwinds, Apple's bulls argue that the company's financial performance is remarkably resilient, with a low likelihood of disappointing Street expectations," Mohan said.
The analyst said Apple often has conservative guidance and can provide consistent beats along with margin expansion over time.
While there are concerns about Apple being behind in the AI race, Apple bulls argue that the company is set for dominance for personal and private AI experiences thanks to its devices and strong installed user base.
Mohan said there could be several "significant upgrade cycles" coming for Apple's smartphones including an ultra-thin iPhone in 2025 and a foldable iPhone by 2026.
While Apple's stock could look highly valued to bears, Mohan said the company's forward price-to-earnings has often been in the high-20s to low-30s and is now around 25x to 27x.
"In other words, relative to its own recent history, Apple's current multiple is not stretched; it's reasonable given the low interest rate environment and Apple's superior business quality."
The Analyst Takeaways: While there are headwinds, Mohan maintains a Buy rating and predicts more long-term upside for the stock.
"Apple's risk profile is lower than most companies, which supports a higher multiple," Mohan said.
The analyst said Apple's Services opportunities may not be fully valued in the stock price.
"Apple, while not exactly ‘cheap' remains an investment with many avenues for revenue and margin growth with continued strong free cash flow and shareholder returns."
AAPL Price Action: Apple stock trades at $200.99 at publication on Monday versus a 52-week trading range of $169.21 to $260.09. Apple stock is down 17.5% year-to-date in 2025.
Read Next: 
•. <a href="https://www.benzinga.com/tech/25/05/45413749/exclusive-apple-stock-could-benefit-from-smartphone-upgrade-cycle">EXCLUSIVE: Apple Stock Could Benefit From Smartphone Upgrade Cycle, Poll Ranks Top Reason For Trade In (It&#8217;s Not The Camera)</a>
Photo: Prathmesh T via Shutterstock

Analyst Color

Analyst Ratings

Apple Stock Has 'Near Term Headwinds, Significant Long-Term Opportunity': Analyst Lays Out Bull, Bear Cases For Tech Giant

<a href="https://www.ft.com/content/703e93f1-28bf-4890-8c9c-141bf81dd206" title="https://www.ft.com/content/703e93f1-28bf-4890-8c9c-141bf81dd206">https://www.ft.com/content/703e93f1-28bf-4890-8c9c-141bf81dd206</a>

'Elon Musk's xAI Seeks $113B Valuation In $300M Share Sale' - Financial Times

<ul>
<li>TSLA</li>
<li>GLD</li>
<li>UNH</li>
<li>NVDA</li>
<li>GOOGL</li>
<li>GOOG</li>
<li>CLF</li>
<li>PLTR</li>
<li>BULL</li>
<li>RDDT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Trading Ideas

BULL

PLTR

RDDT

Top 10 Trending Stocks On WallStreetBets As Of June 2, 2025 (Via Swaggy Stocks)

The co-founder and executive chairman of Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Michael Saylor, isn&#8217;t shying away from showcasing the success of his &#8216;Bitcoin Treasury&#8217; gambit, which is now several years in the making, with a handful of copy-cats in the fray.
What Happened: On Sunday, Saylor took to X, sharing a chart showing the 3-month performance of different stocks, commodities, and cryptocurrencies, which of course, included Microstrategy, which now conducts business under the brand name of &#8216;Strategy.&#8217;
The chart shows the company&#8217;s 44% 3-month return, far outpacing the Magnificent 7 stocks, which, barring Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are either flat or have witnessed steep declines during this period.
Here&#8217;s a comparison between Strategy Inc. and each of the &#8216;Mag 7&#8217; stocks over the past three months, as well as their year-to-date performance.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">3 Month Performance</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td class="has-text-align-center" data-align="center">+47.08%</td>
<td class="has-text-align-center" data-align="center">+23.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td class="has-text-align-center" data-align="center">-15.61%</td>
<td class="has-text-align-center" data-align="center">-17.63%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td class="has-text-align-center" data-align="center">+18.49%</td>
<td class="has-text-align-center" data-align="center">+9.98%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td class="has-text-align-center" data-align="center">+2.48%</td>
<td class="has-text-align-center" data-align="center">-9.33%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td class="has-text-align-center" data-align="center">+18.47%</td>
<td class="has-text-align-center" data-align="center">-2.30%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">+21.71%</td>
<td class="has-text-align-center" data-align="center">-8.65%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td class="has-text-align-center" data-align="center">-1.15%</td>
<td class="has-text-align-center" data-align="center">+8.05%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td class="has-text-align-center" data-align="center">Flat</td>
<td class="has-text-align-center" data-align="center">-6.91%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45716400/pharma-bro-martin-shkreli-sees-10-trillion-potential-in-palantir-but-cautions-one-bad-quarter-and-its-down-50">&#8216;Pharma Bro&#8217; Martin Shkreli Sees $10 Trillion Potential In Palantir, But Cautions: &#8216;One Bad Quarter And It&#8217;s Down 50%&#8217;</a>
The stock has outpaced even Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq, and the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Most importantly, however, the stock has outpaced Bitcoin, which grew 22% during these three months, or just about half of what Strategy has delivered to its investors.
Saylor showcased this performance while cheekily writing &#8220;your portfolio needs a strategy&#8221; in his X post. Replies to the post, however, pointed out that he conveniently missed out on Bitcoin miner, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), and GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), another treasury firm, which have posted returns of 2.4% and 22.13% during this period.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Your portfolio needs a Strategy. <a href="https://t.co/TbtnJ9E1qT">pic.twitter.com/TbtnJ9E1qT</a>
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1929237352834085223?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This is rather surprising, since the company&#8217;s rise to prominence in recent years has been tied entirely to it becoming a proxy for Bitcoin. Starting in 2020, when it first pioneered the concept of corporate &#8220;Bitcoin Treasury,&#8221; the stock has since been <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40155839/bitcoin-development-company-microstrategy-plunges-almost-15-in-pre-market-whats-going-on">referred to as</a> a &#8220;Bitcoin Development Company.
However, it has long traded at a premium to its Bitcoin holdings, at 256% during November last year, which analysts attributed to its &#8220;Bitcoin Yield Strategy.&#8221; This is a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">controversial performance indicator</a> that highlights the ratio between its Bitcoin holdings and diluted equity shares.
According <a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-deconstructing-strategy-mstr-premium-leverage-and-capital-structure/">to</a> a report by VanEck, Strategy still trades at a 112% premium to the face value of its Bitcoin holdings, which it attributes to the leverage it employs by issuing convertible debt and equity to fund its aggressive Bitcoin purchases.
In recent months, as tech stocks, along with broader markets, reel from trade and tariff-related uncertainties, Strategy continues to gain, with rising Bitcoin prices, which investors look upon as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44787283/is-bitcoin-a-safe-haven-if-ray-dalios-worse-than-a-recession-warning-comes-true">potential safe haven</a> during a recession.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">3 Month Performance</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td class="has-text-align-center" data-align="center">+47.08%</td>
<td class="has-text-align-center" data-align="center">+23.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>)</td>
<td class="has-text-align-center" data-align="center">+5.73%</td>
<td class="has-text-align-center" data-align="center">-3.34%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</td>
<td class="has-text-align-center" data-align="center">+2.39%</td>
<td class="has-text-align-center" data-align="center">-17.95%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)</td>
<td class="has-text-align-center" data-align="center">+22.13%</td>
<td class="has-text-align-center" data-align="center">-2.80%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Global X Blockchain &amp; Bitcoin Strategy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITS#NASDAQ">BITS</a>)</td>
<td class="has-text-align-center" data-align="center">+10.55%</td>
<td class="has-text-align-center" data-align="center">-8.53%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</td>
<td class="has-text-align-center" data-align="center">+21.59%</td>
<td class="has-text-align-center" data-align="center">+7.39%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Shares of Strategy were down 0.43% on Friday, trading at $369.06, and are down 0.09% after hours on Monday.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1024x137.png" alt="" class="wp-image-934885" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM.png 1618w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Strategy scores high on Momentum, but low on all other metrics. It does, however, feature a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/06/45716143/trump-administration-set-to-ease-big-bank-rules-in-major-rollback-since-2008-crisis-here-are-the-stocks-and-etfs-investors-could-consider">Trump Administration Set To Ease Big Bank Rules In Major Rollback Since 2008 Crisis: Here Are The Stocks And ETFs Investors Could Consider</a></li>
</ul>
Photo courtesy: PJ McDonnell / Shutterstock.com

Michael Saylor's Strategy Outperforms Apple, Tesla, Amazon And Other Mag 7 Stocks And It's Not Even Close: Has The 'Bitcoin Treasury' Bet Paid Off?

Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)&nbsp;is weighing an <a target="_blank" href="https://www.benzinga.com/topic/tsmc" rel="noreferrer noopener">advanced gigafab in</a> the United Arab Emirates.
The contract chipmaker is exploring a complex of six factories (similar to its Arizona fab), subject to regulatory approval from the Trump administration, given the Gulf nation&#8217;s ties to China and Iran&#8217;s influence in the region.
Taiwan Semiconductor held meetings with&nbsp;Steve Witkoff, the U.S. special representative to the Middle East, and MGX officials, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-05-30/tsmc-is-said-to-evaluate-building-advanced-chip-plant-in-the-uae?sref=TBDibEcD" rel="noreferrer noopener">reported</a> on Friday, citing unnamed sources familiar with the matter.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45466444/to-serve-exploding-ai-chip-demand-taiwan-semiconductor-plans-9-advanced-factories" rel="noreferrer noopener">To Serve Exploding AI Chip Demand, Taiwan Semiconductor Plans 9 Advanced Factories</a>
Taiwan Semiconductor accounts for the majority share of advanced chips designed by the likes of&nbsp;Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;and&nbsp;Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) components that serve as the brains of electronic devices and are essential for training artificial-intelligence models.
Taiwan Semiconductor executives visited the UAE in 2024, aspiring for potential geographical diversification amid support from the Biden administration subject to stringent conditions. However, the talks failed to fructify.
After Trump assumed charge, the UAE sought a Taiwan Semiconductor fab and vied for easier access to Nvidia chips for AI data centers.
In March, the UAE announced a <a target="_blank" href="https://www.benzinga.com/25/05/45291509/nvidia-broadcom-amd-surge-as-trump-reshapes-ai-chip-export-rules-to-ease-market-pressure" rel="noreferrer noopener">$1.4 trillion commitment</a> to invest in the U.S.
Wedbush&nbsp;analyst Daniel Ives hailed Saudi Arabia as a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45424189/nvidia-amazon-tesla-palantir-among-top-beneficiaries-of-1-trillion-saudi-arabia-ai-push-analyst-says" rel="noreferrer noopener">significant area of</a> penetration for the AI revolution after President Trump&#8217;s key trip to the Middle East. Ives noted that the market opportunity in Saudi Arabia could add another $1 trillion to the broader global AI market in the coming years, posing tailwind for Nvidia, Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>),&nbsp;Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>),&nbsp;Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Price Action: TSM shares&nbsp;are trading lower by 0.94% to $191.50 premarket at&nbsp;last check Monday.
Read Next:
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</ul>
Image by Jack Hong via Shutterstock

Government

Taiwan Semiconductor Eyes UAE Gigafab, Seeks Crucial US Green Light

Twenty-five years ago, Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) stood tall as the undisputed leader of the mobile phone industry. In 2000, the Finnish telecom giant was valued at $204.28 billion.&nbsp;
By contrast, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) was a struggling computer company with a market capitalization of just $5.13 billion, making Nokia worth nearly 40 times more than the now-dominant tech titan.
The same year, Nokia released the legendary 3310, a durable, user-friendly phone that became an instant classic. It sold over 128 million units globally, <a href="https://medium.com/@shrutamdesai/nokia-3310-just-a-mobile-phone-or-more-22280babe9ba">according</a> to Medium.
However, just seven years later, everything changed. In 2007, Apple co-founder Steve Jobs <a href="https://www.benzinga.com/news/23/01/30336631/the-iphone-was-unveiled-16-years-ago-heres-how-much-1-000-invested-in-apple-stock-after-the-debut-is">introduced the</a> iPhone, ushering in the smartphone era and sealing the fate of Nokia's once-thriving dumb phone empire.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" target="_blank" rel="noreferrer noopener">Tesla's Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang: ‘… Likely To Be The Next Multi-Trillion Dollar Industry'</a>
Within a few years, Apple overtook Nokia—and nearly every other mobile manufacturer—in both innovation and market share. Today, Nokia's market cap is at $128.13 billion, while Apple is the third most valuable company in the world with a $2.99 trillion market capitalization.
Now, the script appears to be flipping again.
Apple, despite being one of the most valuable companies in history, has been <a href="https://www.benzinga.com/media/25/05/45486193/why-is-apple-still-behind-on-ai-expert-dissects-reasons-behind-iphone-maker-lagging-likes-of-microsoft-and-amazon-despite-poaching-googles-ai-chief">slow to embrace the artificial intelligence</a> revolution that is reshaping the tech industry.
Meanwhile, rivals like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and new-age startups like OpenAI are sprinting ahead with consumer and enterprise AI products.
The question now echoing through the corridors of the tech industry is whether Apple's lagging progress in AI could mirror Nokia's decline—a once-dominant player caught flat-footed by the next wave of innovation.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Eddy Cue, a senior executive at Apple, has also hinted that AI could have the same disruptive impact on Apple as the iPhone once had on Nokia.
During his testimony in the DOJ's antitrust case against Alphabet, Cue warned that the <a href="https://www.benzinga.com/25/05/45488603/apples-ai-powered-home-services-strategy-could-upend-yelp-angi-goog-insider-says-trust-data-and-ux-key-in-this-500b-market">iPhone itself could lose relevance</a> within the next decade, adding, "As crazy as that sounds."
Jony Ive, Apple's former design chief, has also referred to smartphones and laptops as "legacy products," implying they no longer define the future of computing. His remark came as OpenAI shared <a href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report">plans to develop</a> a line of AI-driven devices in collaboration with the renowned designer.
According to Gene Munster, managing partner at Deepwater Asset Management, OpenAI now presents the <a href="https://www.benzinga.com/news/25/05/45599511/apple-faces-first-serious-threat-in-20-years-as-openai-acquires-iphone-makers-former-design-chief-jo">most serious competitive threat</a> to Apple in the past two decades.
While Apple is rumored to <a href="https://www.benzinga.com/news/topics/25/06/45712700/apples-ai-struggles-to-keep-pace-with-rivals-ahead-of-wwdc-2025">unveil new AI features</a> at its Worldwide Developers Conference on June 9, the pressure is mounting.
Price Action: Over the past five years, Apple shares have risen by 142.34%, though they are down 17.63% year-to-date, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Benzinga Edge Stock Rankings gives Apple a growth score of 32.97%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other major players</a> like Alphabet and Microsoft.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02050410/Screenshot-2025-06-02-at-2.27.08%E2%80%AFPM.png" alt="" class="wp-image-934809" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Nokia Was Worth 40 Times More Than Apple 25 Years Ago, When The Legendary Nokia 3310 Was Launched: 7 Years Later, Steve Jobs Ended The Era Of Dumb Phones. Is The Writing On The Wall For Cupertino As It Trails In The AI Race?

German cognitive scientist Joscha Bach says humanity faces a bigger existential threat from dragging its feet on artificial intelligence than from building it too fast.
What Happened: Speaking last week at the California Institute for Machine Consciousness, the longtime AI theorist argued that climate change, super-volcanoes and our own "inability to stay aligned with survival" pose a higher kill-shot probability than a runaway algorithm — unless people use the current "technological bubble" to build smarter machines fast.
"Over a long enough time span, it&#8217;s certain something will lead to our extinction … I'm much more afraid that we don't build AI than that we build it," he told the audience.
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Bach, who researches machine consciousness and computational models of mind, has previously written that society must "make AI beautiful" — safe, aligned systems capable of steering civilisation through the next evolutionary bottleneck.
Without AI, Bach argues, civilization's respite from predators and famine is a temporary "bubble" that will burst. Scaling intelligent machines, he says, is the only credible way to invent planetary-scale defenses.
See also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45714416/former-treasury-secretary-larry-summers-warns-the-dollar-is-starting-to-trade-like-a-latin-american-currency-greenback-going-from-safe-haven-to-risk-asset">Former Treasury Secretary Larry Summers Warns The Dollar Is Starting To Trade Like A Latin American Currency — Greenback Going From Safe Haven To Risk Asset?</a>
Why It Matters: The plea drops into a rift among AI luminaries. OpenAI chief Sam Altman <a href="https://www.benzinga.com/media/25/05/45312650/sam-altman-tells-congress-us-must-pursue-sensible-regulation-avoid-silly-mistake-to-stay-ahead-of-china-in-ai-race-its-hard-to-say-how-far-ahead-we-are">has shifted</a> from calling for sweeping guardrails in 2023 to urging "sensible regulation&#8221; that &#8220;does not slow us down," framing speed as vital to out-innovate China. Elon Musk and Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) co-founder Steve Wozniak <a href="https://www.benzinga.com/news/23/03/31543935/elon-musk-steve-wozniak-pinterest-founder-sign-open-letter-to-pause-trials-of-ai-more-powerful-than">joined a 2024 open letter</a> demanding a six-month moratorium on systems beyond GPT-4, though Musk <a href="https://www.benzinga.com/news/24/03/37987626/is-superintelligence-safe-elon-musk-backtracks-on-ai-warnings?utm_source=chatgpt.com">later called the effort</a> "futile."
Geoffrey Hinton, the "Godfather of AI," quit Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) in 2023 after concluding there is a <a href="https://www.benzinga.com/news/24/06/39319028/terminator-in-real-life-ai-godfather-warns-of-human-wipe-out-in-5-to-20-years">50-50 chance</a> advanced systems could wipe out humanity within two decades. At Davos, fellow Turing Award winner Yoshua Bengio <a href="https://www.businessinsider.com/yoshua-bengio-ai-godfather-agents-2025-1">told</a> Business Insider that autonomous "agentic" models could be the most dangerous route and pushed for international safety rules before such systems scale.
Meta's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Yann LeCun, in an <a href="https://www.wired.com/story/artificial-intelligence-meta-yann-lecun-interview/">interview</a> with WIRED, dismisses such doomsday talk as "stupid," insisting today's models still lack basic reasoning and common sense.
Photo Courtesy: Tapati Rinchumrus on Shutterstock.com
Read next: <a href="https://www.benzinga.com/cannabis/25/06/45714519/ross-ulbricht-the-silk-road-founder-pardoned-by-trump-soon-after-his-inauguration-receives-a-whopping-31-million-worth-of-bitcoin-in-donation-wallet">Ross Ulbricht, The Silk Road Founder Pardoned By Trump Soon After His Inauguration, Receives A Whopping $31 Million Worth Of Bitcoin In Donation Wallet</a>

Delaying Artificial Intelligence The Real Existential Risk Says Joscha Bach, Scientist Says He's More Afraid That 'We Don't Build AI'

Vinod Khosla, the Sun Microsystems co-founder and early OpenAI backer, says Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) is chasing the wrong race, urging Google to invest its money into Waymo.
What Happened: In a Sunday post on X, the venture capitalist urged Google's parent to pour "tens of billions" into Waymo before rivals close the gap, arguing robotaxis could eclipse the revenue engine that built Google's search empire.
Khosla's post came after entrepreneur Simon Kalouche shared YipitData estimates showing Waymo's gross bookings in San Francisco topped Lyft's in May and are on pace to pass Uber's within 12 months. The data highlights a steep adoption curve — bookings for Waymo One have nearly quadrupled since late 2023.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Writing has been on the wall. Self driving will surely win over human driving. Better consumer experience, far lower cost, more scalability and predictability. If I were <a href="https://twitter.com/Google?ref_src=twsrc%5Etfw">@Google</a> I'd be investing tens of billions of dollars per year to entrench myself before others caught up.… <a href="https://t.co/wi6BWX3wbP">https://t.co/wi6BWX3wbP</a>
&mdash; Vinod Khosla (@vkhosla) <a href="https://twitter.com/vkhosla/status/1929235813533175922?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote>
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Waymo's growth isn't just a Bay Area quirk. The Alphabet unit now delivers roughly <a href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight">250,000 paid rides</a> each week across Phoenix, Los Angeles and San Francisco and recently celebrated 10 million lifetime trips, doubling that milestone in five months. Analysts also caution that Lyft's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45325248/lyft-is-executing-well-but-analysts-caution-about-uber-and-waymo-competition">recent booking growth</a> could be capped by Waymo's expansion, even as Lyft touts double-digit gains.
See also: <a href="https://www.benzinga.com/news/topics/25/06/45714095/chamath-palihapitiya-calls-tesla-an-obvious-win-says-robotaxi-alphabets-waymo-will-overtake-uber-and-lyft">Chamath Palihapitiya Calls Tesla An &#8216;Obvious Win,&#8217; Says Robotaxi, Alphabet&#8217;s Waymo Will Overtake Uber And Lyft</a>
Why It Matters: Alphabet's core search business still throws off colossal cash — Google Search generated about $50.7 billion in revenue last quarter alone, according to the <a href="https://www.benzinga.com/25/04/44995955/alphabet-q1-earnings-highlights-google-search-youtube-cloud-show-robust-momentum">company's filings</a>. Yet the company is spending heavily to defend that cash cow against AI-powered challengers.
The company&#8217;s CEO, Sundar Pichai, recently admitted in an interview that overall Google Search activity is <a href="https://www.benzinga.com/media/25/05/45687166/apple-may-see-fewer-searches-in-safari-but-google-ceo-sundar-pichai-insists-ai-is-fueling-overall-query-growth-far-from-a-zero-sum-game">still growing</a>, despite claims from Apple&#8217;s Eddy Cue that Safari had experienced a <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45259675/apple-alphabet-shares-tumble-amid-potential-ai-search-shift">decline in search volumes</a>.
At its developer conference, Google rolled out a new &#8220;AI mode&#8221; in its Search and Chrome browser for all U.S. users. The feature provides a conversational, Q&amp;A-style experience, resembling ChatGPT and replacing the conventional list of search result links.
According to Benzinga Edge Stock Rankings, Alphabet has received a growth score of 88.54%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to see how it stacks up against the likes of Apple</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="140" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02000156/goog-edge-1024x140.png" alt="" class="wp-image-934504" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02000156/goog-edge-1024x140.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02000156/goog-edge-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02000156/goog-edge-768x105.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02000156/goog-edge.png 1438w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: JHVEPhoto on Shutterstock.com
Read Next: <a href="https://www.benzinga.com/cannabis/25/06/45714044/amazon-and-google-backed-ai-startup-anthropic-reportedly-hits-3-billion-in-annualized-revenue-wheres-chatgpt-parent-openai-at">Amazon And Google Backed AI Startup Anthropic Reportedly Hits $3 Billion In Annualized Revenue — Where&#8217;s ChatGPT-Parent OpenAI At?</a>

Vinod Khosla Tells Google Forget About Search, Sun Microsystems Co-Founder Urges Tech Giant To Invest 'Tens Of Billions' In Self-Driving Before Others Catch Up

Billionaire investor Chamath Palihapitiya predicts Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Robotaxi and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo will dominate the autonomous vehicle market, potentially sidelining ride-hailing giants Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>) and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
What Happened: In a Sunday post on X, Palihapitiya argued that consumer preference for driverless rides stems from privacy concerns rather than just cost considerations. &#8220;This is less about Uber or Lyft and more about a desire to ride alone without a person you don&#8217;t know who can overhear conversations or interrupt quiet contemplation,&#8221; he wrote.
The Social Capital founder emphasized that autonomous technology represents &#8220;the experience of the future,&#8221; questioning whether existing ride-hailing apps can provide sufficient value once driverless options become widespread. He sees Tesla positioned for &#8220;an obvious win&#8221; as the company scales its autonomous capabilities.
Palihapitiya&#8217;s comments followed data showing Waymo&#8217;s market penetration in San Francisco. According to YipitData, Waymo&#8217;s market share surged from nearly 0% in August 2023 to approximately 27% by April, overtaking Lyft&#8217;s 22% share while Uber maintained its lead at 53%.
He predicted neither company would have &#8220;deep incentive to work with other apps&#8221; once they understand consumer preferences for driverless over traditional ride-hailing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is less about Uber or Lyft and more about a desire to ride alone without a person you don't know who can overhear conversations or interrupt quiet contemplation. Driverless is the experience of the future. The question is if the Uber or Lyft apps can provide enough… <a href="https://t.co/ouZBUPFtvX">https://t.co/ouZBUPFtvX</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1929290467008819289?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45713715/dow-futures-slip-over-100-points-after-trump-announces-doubling-steel-tariffs-nikkei-down">Dow Futures Slip Over 100 Points After Trump Announces Doubling Steel Tariffs, Nikkei Down</a>
Why It Matters: Tesla plans to launch its robotaxi service in Austin on June 12, starting with 10-20 Model Y vehicles equipped with Full Self-Driving technology and remote supervision. However, The Future Fund&#8216;s Gary Black dismissed the launch as posing <a href="https://www.benzinga.com/tech/25/05/45687704/gary-black-says-teslas-robotaxi-launch-in-june-poses-minimal-risk-to-uber-will-offer-low-cost">minimal risk to Uber&#8217;s business model</a>.
The autonomous vehicle race intensifies as Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) expands its Apollo Go service internationally, providing 1.4 million rides in the first quarter of 2025 across 15 cities globally. With over 1,000 fully driverless vehicles deployed, Baidu positions itself as the world&#8217;s <a href="https://www.benzinga.com/markets/equities/25/05/45557944/baidus-apollo-go-enters-dubai-and-abu-dhabi-ceo-robin-li-touts-global-robotaxi-lead-with-1-4-million-rides-in-q1">leading autonomous ride-hailing provider</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ken Wolter / Shutterstock.com

BIDU

LYFT

UBER

Chamath Palihapitiya Calls Tesla An 'Obvious Win,' Says Robotaxi, Alphabet's Waymo Will Overtake Uber And Lyft

Anthropic, the artificial intelligence startup backed by Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp; and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, has reportedly reached a $3 billion annualized revenue run rate, just months after <a href="https://www.benzinga.com/25/01/43127416/anthropic-gains-big-with-google-backing-aiming-for-60-billion-valuation-and-surging-ai-revenue">hitting $1 billion</a> in December 2024.
What Happened: The San Francisco-based company has seen an unprecedented growth surge, primarily driven by enterprise demand for its AI models, especially in code generation, reported Reuters, citing sources familiar with the matter.
The figure surpassed $2 billion near the end of March and reached $3 billion by the end of May, according to one of the sources.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…'</a>
Anthropic's Claude chatbot has gained traction in the business world, even as it lags behind OpenAI's ChatGPT in consumer adoption. Web analytics data from Similarweb in April showed Claude's traffic at just 2% of ChatGPT's, the report added.
Why It's Important: OpenAI, a rival to Anthropic, is projecting more than $12 billion in total revenue by the end of 2025, up from $3.7 billion last year, the report noted, citing three people familiar with the matter.
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&#8220;This total revenue is different from an estimated annualized figure like Anthropic&#8217;s,&#8221; the report said.
The Sam Altman-led OpenAI hasn't disclosed enterprise-specific revenue, but in May, it reported that the number of paying seats for its ChatGPT Enterprise product had increased to 3 million, up from 2 million in February, the report said.
Anthropic is currently valued at $61.5 billion <a href="https://www.benzinga.com/tech/25/03/44099466/bitcoin-ethereum-dogecoin-nosedive-as-trumps-tariff-moves-wipe-out-crypto-reserve-fueled-gains-analyst-says-breaking-through-this-barrier-will-help-btc-touch-new-highs">following a $3.5 billion funding</a> round.
Amazon has a growth score of 97.11%, according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other companies such as</a> Alphabet.
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Image via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Amazon And Google Backed AI Startup Anthropic Reportedly Hits $3 Billion In Annualized Revenue — Where's ChatGPT-Parent OpenAI At?

In a move that could escalate trade tensions with the U.S., Germany is reportedly contemplating imposing a 10% tax on major online platforms, including&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">Meta Platforms Inc. </a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</a>.&nbsp;
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) isn&#8217;t a company usually associated with national security, but it is in the crosshairs of President&nbsp;Donald Trump, now an expert has <a target="_blank" href="https://www.benzinga.com/markets/25/05/45603673/trumps-targeting-of-apple-isnt-random-analyst-says-its-a-calculated-move-for-maximum-political-gain" rel="noreferrer noopener">given his take on the situation</a>.
Entertainment
JioHotstar, the newly merged streaming platform from&nbsp;Walt Disney Co.&nbsp;and&nbsp;Mukesh Ambani&#8217;s Reliance, has added 230 million subscribers in just three months, bringing its total to 280 million, nearly matching&nbsp;Netflix Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) <a target="_blank" href="https://www.benzinga.com/25/05/45604822/disney-and-ambanis-jiohotstar-adds-230-million-subscribers-in-3-months-nears-netflixs-global-total-driven-by-crickets-unmatched-pull-in-india" rel="noreferrer noopener">300 million global users</a>.
Technology
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang's&nbsp;rejection of&nbsp;PowerPoint&nbsp;presentations isn&#8217;t a quirky habit—it&#8217;s part of a broader trend among some of the most successful tech leaders who believe slide <a target="_blank" href="https://www.benzinga.com/media/25/05/45614590/jensen-huang-isnt-a-powerpoint-fan-neither-are-jeff-bezos-and-elon-musk-why-slide-decks-dont-cut-it-for-todays-tech-leaders" rel="noreferrer noopener">decks are a barrier to real thinking</a>.
Nvidia CEO&nbsp;Jensen Huang&nbsp;said that he believes&nbsp;Tesla&#8217;s&nbsp;Optimus&nbsp;humanoid robot&nbsp;could be the first to reach mass adoption and trigger <a target="_blank" href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" rel="noreferrer noopener">a multi-trillion-dollar industry</a>.
Alphabet&#8217;s&nbsp;CEO&nbsp;Sundar Pichai&nbsp;has firmly rejected the notion that anyone at&nbsp;Google&nbsp;can manually alter search rankings, even in response to <a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">Donald Trump&#8217;s</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">&nbsp;complaints</a>.
Years after&nbsp;a controversial split,&nbsp;Mark Zuckerberg&#8217;s Meta Platforms&nbsp;and&nbsp;Palmer Luckey&nbsp;are teaming up again—this time to equip U.S. soldiers <a target="_blank" href="https://www.benzinga.com/media/25/05/45687185/mark-zuckerbergs-meta-reunites-with-palmer-luckey-to-equip-us-soldiers-with-eagleeye-an-ai-powered-combat-headset-that-can-detect-drones" rel="noreferrer noopener">with next-gen combat headsets</a>.
Smartphones
Apple CEO&nbsp;Tim Cook has found himself at the receiving end of President&nbsp;Donald Trump‘s criticism, marking a stark contrast to their previously warm relationship, but reports suggest iPhone production in <a target="_blank" href="https://www.benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" rel="noreferrer noopener">India is not the only reason</a>.
A fresh wave of tariff threats is hanging over&nbsp;Apple, but JPMorgan&#8217;s Samik Chatterjee isn&#8217;t downgrading Apple stock. In fact, he&#8217;s sticking to an Overweight rating, calling&nbsp;the company &#8220;well positioned&#8221;&nbsp;t<a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45608580/apple-may-hike-iphone-price-but-well-positioned-to-eat-tariff-bite-says-analyst" rel="noreferrer noopener">o weather the cost shock</a>.
Apple&nbsp;supplier&nbsp;Foxconn&nbsp;is set to announce a partnership with a second Japanese auto manufacturer as the Taiwanese <a target="_blank" href="https://www.benzinga.com/25/05/45667851/apple-supplier-foxconn-set-to-announce-second-japanese-auto-partner-as-it-turns-to-evs" rel="noreferrer noopener">manufacturer turns towards EVs</a>.
A new leak from a&nbsp;Weibo&nbsp;tipster,&nbsp;Digital Chat Station, suggests that&nbsp;Apple is working on a significant camera upgrade for a future&nbsp;iPhone&nbsp;model — <a target="_blank" href="https://www.benzinga.com/25/05/45637477/iphone-camera-could-get-its-biggest-upgrade-yet-with-200mp-sensor-leak-suggests-will-apple-finally-catch-up-to-samsung" rel="noreferrer noopener">a 200-megapixel sensor</a>.
Apple is reportedly preparing to rebrand its software platforms by introducing <a target="_blank" href="https://www.benzinga.com/25/05/45661713/apple-to-rename-all-operating-systems-for-2026-ios-macos-ipados-get-year-based-overhaul-and-fresh-look" rel="noreferrer noopener">a year-based naming system</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet" rel="noreferrer noopener">Apple&#8217;s Former Design Chief Jony Ive Called Phones And Laptops &#8216;Legacy Platforms:&#8217; Sundar Pichai Says Pulling Out A &#8216;Black Glass Display Rectangle&#8217; Won&#8217;t Make Sense Forever</a>
Automobiles/Spacecraft
Regulators from China&#8217;s commerce ministry are set to meet with executives from several Chinese automakers, including EV giant&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), to discuss the<a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45611701/chinese-regulators-will-meet-tesla-rival-byd-other-companies-to-discuss-zero-mile-used-cars-report" rel="noreferrer noopener"> surge in zero-mile used car sales</a>.
One of the major dealers of Chinese EV giant&nbsp;BYD has reportedly shut down its operations across multiple cities in China as the company <a target="_blank" href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report" rel="noreferrer noopener">expands into the European market</a>.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO&nbsp;Elon Musk&nbsp;said that the company&#8217;s Starship rocket, a crucial element in the billionaire&#8217;s plans to set up a colony on Mars, can <a target="_blank" href="https://www.benzinga.com/25/05/45612033/elon-musk-touts-spacexs-starship-rocket-ahead-of-launch-says-it-can-reach-mars-in-six-months" rel="noreferrer noopener">reach the red planet in 6 months</a>.
Elon Musk&#8216;s EV giant recorded over 11,000 new insured registrations in the Chinese market for the week ending May 25, according to a post on social media platform X on Tuesday by&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Future Fund LLC</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">&#8216;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Gary Black</a>.
Tesla sales fell 49% YoY in Europe for April as&nbsp;Elon Musk&#8216;s EV giant continues to <a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market" rel="noreferrer noopener">grapple with global challenges</a>.
Tesla rival&nbsp;Li Auto Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) will release two new SUVs this year and could also release the company&#8217;s first-ever sedan, provided the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45691082/tesla-rival-li-auto-will-release-2-new-suvs-this-year-ceo-li-xiang-hints-at-companys-first-sedan" rel="noreferrer noopener">market conditions are favorable</a>.
Tesla will launch its Robotaxi service in Austin on June 12, with CEO&nbsp;Elon Musk&nbsp;confirming that the company is <a target="_blank" href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule" rel="noreferrer noopener">currently testing the Model Y</a>.
Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO&nbsp;RJ Scaringe&nbsp;has shared a sneak peek of the upcoming Rivian R2&#8217;s rear suspension, <a target="_blank" href="https://www.benzinga.com/25/05/45642153/rivian-ceo-rj-scaringe-touts-45000-rivian-r2s-updated-rear-suspension-cant-wait-for-folks" rel="noreferrer noopener">ahead of the planned 2026 launch</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45617151/ubs-maintains-neutral-rating-for-rivian-stock-sets-price-13-price-target" rel="noreferrer noopener">Rivian Stock Above $15, But UBS Sees Fair Value At $13 Amid Affordability Concerns</a>
Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the parent company of brands like&nbsp;Dodge&nbsp;and&nbsp;Jeep, has appointed&nbsp;Antonio Filosa&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45638939/stellantis-names-antonio-filosa-ceo-amid-uncertainty-over-trumps-50-eu-tariff-threat" rel="noreferrer noopener">as the new chief executive officer</a>.
General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will invest $888 million in its Tonawanda Propulsion facility, where the company manufactures V-8 engines that power its <a target="_blank" href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share" rel="noreferrer noopener">SUVs and Full-Size Trucks</a>.
Artificial Intelligence
Some news headlines and social media chatter have stirred excitement—and confusion—over whether all UAE residents now get free access to&nbsp;ChatGPT Plus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">as part of</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;latest expansion</a>.
On Wednesday, the legal battle between&nbsp;OpenAI&nbsp;and&nbsp;Elon Musk&nbsp;escalated as the&nbsp;ChatGPT&nbsp;maker urged a judge to allow its countersuit to proceed, accusing the billionaire of <a target="_blank" href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt" rel="noreferrer noopener">fraud and media manipulation</a>.
Chinese AI startup&nbsp;DeepSeek, which triggered a&nbsp;$600 billion drop&nbsp;in&nbsp;Nvidia Corporation&#8217;s&nbsp;market value with the release of its&nbsp;R1&nbsp;model in January, has quietly launched an updated version <a target="_blank" href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini" rel="noreferrer noopener">of its reasoning model</a>.
Kevin O&#8217;Leary&nbsp;is on a mission to make AI fluency essential for business leaders—and he&#8217;s hiring <a target="_blank" href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity" rel="noreferrer noopener">trainers to make it happen</a>.
Image: Shutterstock/JHVEPhoto

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STLA

Consumer Tech News (May 26-May 30): Germany May Impose 10% Online Platform Tax, Tesla's European Sales Slump & More

Despite previously warning about the dangers of advanced Artificial Intelligence (AI) and robotics, Tesla Inc. CEO Elon Musk has invested in several AI startups following a stark warning from DeepMind's co-founder, Demis Hassabis.
What Happened:&nbsp;In an interview with CNBC in July 2017, Musk had expressed concerns about the existential risks posed by AI to human civilization back in 2017. He had forecasted significant job disruptions, with transportation roles among the first to be fully automated.
Musk, well-versed in advanced AI, called for proactive regulation, warning that waiting for serious incidents, like robot-caused harm, would be too late to act effectively. &#8220;AI is a fundamental existential risk for human civilization,&#8221; cautioned Musk.
However, it is ironic because by 2017, Elon Musk was already an early-stage investor who pumped millions into several AI startups like DeepMind, OpenAI, and Vicarious.
A 2023 New York Times <a href="https://www.nytimes.com/2023/12/03/technology/ai-openai-musk-page-altman.html">report</a> reveals that Musk decided to invest in AI firms despite his reservations after DeepMind&#8217;s co-founder Hassabis told him in 2012 that Musk&#8217;s plans to colonize Mars would work only if &#8220;superintelligent machines&#8221; didn&#8217;t follow human beings on their trip to the planet.
According to the publication, &#8220;Mr. Musk was speechless&#8221; and invested in DeepMind soon after alongside Peter Thiel, to &#8216;be closer&#8217; to the advancements of AI.
DeepMind was later acquired by Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google in 2014 for $500 million, despite Musk putting in a bid to buy it.
In 2014, Elon Musk <a href="https://www.cnbc.com/2014/06/18/first-on-cnbc-cnbc-transcript-spacex-ceo-elon-musk-speaks-with-cnbcs-closing-bell.html">told </a>CNBC that his investments are &#8220;not from the standpoint of actually trying to make any investment return. I like to just keep an eye on what's going on."
He also stated he was wary of a Terminator-like outcome.
SEE ALSO: <a href="https://benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" target="_blank" rel="noreferrer noopener">Trump&#8217;s Apple Beef Isn&#8217;t Just About India-Made iPhones — It&#8217;s Also About Skipped Middle East Trip: Report</a>
Why It Matters:  Despite his warnings, Musk launched his own AI startup, xAI, and unveiled its new chatbot, Grok, in March and November 2023, respectively.
In March 2025, he predicted in an&nbsp;<a href="https://www.benzinga.com/tech/25/03/44526637/elon-musk-says-ai-will-be-smarter-in-10-years-than-humans-who-will-have-a-much-higher-standard-of-living">interview</a>&nbsp;that AI could outperform humans cognitively in a decade. He also highlighted the potential for a higher standard of living due to AI, but cautioned about the risks.
Recently, Musk <a href="https://www.benzinga.com/tech/25/05/45599950/elon-musk-praises-google-deepminds-veo-3-ai-video-model-says-it-is-awesome">praised </a>Google DeepMind&#8217;s Veo 3 AI video model, calling it &#8220;awesome.&#8221; This tool generates high-resolution visuals and realistic audio, demonstrating the rapid progress of AI technology.
However, OpenAI&#8217;s Sam Altman echoed the sentiment and thought it&#8217;s better to actively participate in the field rather than do nothing.
&#8220;I sleep better knowing I can have some influence now,&#8221; Altman said.
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Elon Musk Called AI An 'Existential Risk for Human Civilization' — Yet, He Invested Early In DeepMind After This Warning From Co-Founder Demis Hassabis

On Friday, a federal judge signaled he may scale back the Justice Department's proposed remedies for Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google's <a href="https://www.benzinga.com/government/24/08/40169996/alphabet-loses-antitrust-suit-over-google-search-dominance-report">alleged search monopoly</a>, citing the fast-changing role of artificial intelligence in online search.
What Happened: U.S. District Judge Amit Mehta, presiding over the high-profile antitrust case, expressed skepticism about imposing a 10-year oversight plan that would force Google to share search data and stop paying Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and others to be the default search engine, reported Reuters.
"Ten years may seem like a short period, but in this space, a lot can change in weeks," Mehta said, referring to ChatGPT-maker OpenAI's decision to buy Jony Ive's startup to <a href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report">build AI devices</a>.&nbsp;
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He added that future competition may not come from <a href="https://www.benzinga.com/news/23/10/35102432/apples-dismissed-plan-to-replace-google-with-duckduckgo-on-safari-the-inside-story">traditional search rivals like</a> Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bing or DuckDuckGo, but from AI companies offering fundamentally different user experiences.
"If anything, it's going to be one of these AI companies that can do more than just search. And Why? Because maybe people don't want 10 blue links anymore," Mehta said.
Google's lawyer John Schmidtlein pushed back on the idea of giving AI rivals access to Google's proprietary data, arguing, "Coming to Google and asking Google for a handout when they are the market leader seems completely disproportionate to what this case is about."
Previously, Nick Turley, OpenAI&#8217;s product head for ChatGPT, testified that the AI startup would be open to acquiring Chrome if Google <a href="https://www.benzinga.com/news/legal/25/04/44941262/openai-once-tried-to-use-googles-search-technology-instead-of-microsoft-bing-due-to-quality-issues-was-rejected-now-sam-altmans-startup-says-itd-buy-chrome-if-forced-antitrust-sale-happens">were ever compelled to sell it</a>.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Earlier this month, Apple executive Eddy Cue testified that Safari had seen a <a href="https://www.benzinga.com/25/05/45339953/apple-exec-says-iphone-users-are-ditching-google-search-now-chamath-palihaptiya-urges-the-tech-giant-to-stop-waiting-for-data-and-start-fighting-models-like-chatgpt">drop in search volumes</a> for the first time in over 20 years, attributing the decline to the growing use of AI-powered searches.
Alphabet CEO Sundar Pichai pushed back on this in an interview with The Verge published this week, asserting that the <a href="https://www.benzinga.com/media/25/05/45687166/apple-may-see-fewer-searches-in-safari-but-google-ceo-sundar-pichai-insists-ai-is-fueling-overall-query-growth-far-from-a-zero-sum-game">data does not indicate a decline</a> in overall activity. &#8220;We&#8217;ve been very clear. We&#8217;re seeing overall query growth in search,&#8221; he said.
During his testimony, Cue also revealed that Apple is actively <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45259675/apple-alphabet-shares-tumble-amid-potential-ai-search-shift">considering integrating</a> an AI-driven search engine into Safari, evaluating potential partnerships with OpenAI, Anthropic and Perplexity AI.
Meanwhile, Google <a href="https://www.benzinga.com/markets/25/05/45537306/google-unveils-total-reimagining-of-search-with-chatbot-style-feature-to-compete-with-openai">introduced a new &#8220;AI mode&#8221;</a> in its Search and Chrome browser during its developer conference. Now available to all U.S. users, the feature offers a conversational, Q&amp;A-style interface similar to ChatGPT, replacing the traditional list of search result links.
Price Action: Alphabet Inc.&#8217;s Class A shares dipped 0.32% in after-hours trading, with Class C shares also down 0.32%, based on <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, Alphabet holds a growth score of 88.54%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other companies</a> like Apple.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: JHVEPhoto / Shutterstock.com

Google's Monopoly Case Takes A Turn As Judge Considers Lighter Remedies Amid Rising Competition From AI Rivals Like OpenAI And Perplexity

<ul>
<li>Anthropic's annualized revenue jumps from $1B to $3B in five months</li>
<li>Growth shows rising business demand for AI</li>
<li>Code generation a major driver for Anthropic's business</li>
</ul>
SAN FRANCISCO, May 30 (Reuters) - Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world.
The milestone, which projects the company's current sales over the course of a year, is a significant jump from December 2024 when the metric was nearly $1 billion, the sources said. The figure crossed $2 billion around the end of March, and at May's end it hit $3 billion, one of the sources said.
While consumers have embraced rival OpenAI's ChatGPT, a number of enterprises have limited their rollouts to experimentation, despite board-level interest in AI. Anthropic's revenue surge, largely from selling AI models as a service to other companies, is a data point showing how business demand is growing, one of the sources said.
A key driver is code generation. The San Francisco-based startup, backed by Google parent Alphabet <a href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=GOOGL.O">GOOGL.O</a> and Amazon.com <a href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=AMZN.O">AMZN.O</a>, is famous for AI that excels at computer programming. Products in the so-called codegen space have experienced major growth and adoption in recent months, often drawing on Anthropic's models.
This demand is setting Anthropic apart among software-as-a-service vendors. Its single-quarter revenue increases would count Anthropic as the fastest-growing SaaS company that at least one venture capitalist has ever seen.
"We've looked at the IPOs of over 200 public software companies, and this growth rate has never happened," said Meritech General Partner Alex Clayton, who is not an Anthropic investor and has no inside knowledge of its sales.
He cautioned that these comparisons are not fully precise, since Anthropic also has consumer revenue via subscriptions to its Claude chatbot. Still, by contrast, publicly traded SaaS company Snowflake took six quarters to go from $1 billion to $2 billion in such run-rate revenue, Clayton said.
Anthropic competitor OpenAI has projected it will end 2025 with more than $12 billion in total revenue, up from $3.7 billion last year, three people familiar with the matter said. This total revenue is different from an estimated annualized figure like Anthropic's. Reuters could not determine this metric for OpenAI.
The two rivals appear to be establishing their own swim lanes. While both offer enterprise and consumer products, OpenAI is shaping up to be a consumer-oriented company, and the majority of its revenue comes from subscriptions to its ChatGPT chatbot, OpenAI Chief Financial Officer Sarah Friar told Bloomberg late last year.
OpenAI has not reported enterprise-specific revenue but said in May that paying seats for its ChatGPT enterprise product have grown to 3 million, from 2 million in February, and that T-Mobile <a href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=TMUS.O">TMUS.O</a> and Morgan Stanley <a href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=MS.N">MS.N</a> are among its enterprise customers.
In the consumer race, Anthropic's Claude has seen less adoption than OpenAI. Claude's traffic, a proxy for consumer interest, was about 2% of ChatGPT's in April, according to Web analytics firm Similarweb.
Anthropic, founded in 2021 by a team that departed OpenAI over differences in vision, closed a $3.5 billion fundraise earlier this year. That valued the company at $61.4 billion. OpenAI is currently valued <a href="reuters://REALTIME/verb=NewsStory/ric=nL3N3QE1DK">at $300 billion</a>.
&nbsp;

'Anthropic Is Making $3B In Annualized Revenue; Anthropic's Revenue Metric Was $1B In December 2024, Sources Say' - Reuters Exclusive

The U.S. Congress is reviewing a provision in the &#8216;Big, Beautiful Bill&#8217; that would grant President Donald Trump the authority to impose retaliatory taxes on countries targeting major U.S. tech companies with digital service taxes.
What Happened:&nbsp;The provision would allow Trump to impose taxes on foreign companies and residents doing business in the U.S., reported&nbsp;Reuters&nbsp;on Friday. This provision, Section 899, could potentially generate&nbsp;$116 billion over the next&nbsp;10 years.
&#8220;If&nbsp;foreign countries want to come&nbsp;in the United States and&nbsp;tax U.S. businesses, then those&nbsp;foreign-based businesses ought to be&nbsp;taxed as well,&#8221; said Representative&nbsp;Ron Estes,&nbsp;a Kansas Republican who was instrumental in drafting the provision.
The bill, narrowly approved by the <a href="https://www.benzinga.com/25/05/45582778/trumps-big-beautiful-bill-passes-house-what-it-means-for-taxes-student-loans-medicaid-and-more">House of Representatives on May 22</a>, is now moving to the Senate. It features several of Trump's core priorities, including stricter immigration measures, an extension of the 2017 tax cuts, and the rollback of certain green energy incentives. Despite this, experts caution that such retaliatory taxes could discourage foreign investment in the U.S.
SEE ALSO:&nbsp;<a href="https://benzinga.com/25/05/45685544/scott-bessent-says-us-china-trade-talks-at-stalemate-need-trump-and-xi-jinping-touch-to-break-the-deadlock" target="_blank" rel="noreferrer noopener">Scott Bessent Says US-China Trade Talks At Stalemate, Need Trump And Xi Jinping Touch To Break The Deadlock</a>
Why It Matters: The provision in the tax bill comes in the wake of several countries, including Britain and Italy, announcing or considering digital service taxes on U.S. tech giants. The levies have been drawn bipartisan criticism. Germany is <a href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report">contemplating </a>a 10% tax on major online platforms, including Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). This move could further escalate trade tensions with the U.S.
Earlier in May, the Trump administration had&nbsp;<a href="https://www.benzinga.com/25/05/45466937/us-targets-european-digital-rules-in-free-speech-campaign-defending-american-big-tech">criticized </a>Europe&#8217;s digital regulations, arguing that they posed a risk to free speech and American commercial interests. The U.S. State Department had initiated an effort to identify European government attempts to restrict free speech, focusing on the EU&#8217;s legislation that sets standards for tech giants to regulate online content.
These developments indicate a growing rift between the U.S. and its European allies over digital taxation and regulation, with the proposed provision in the tax bill potentially escalating these tensions.
READ MORE:
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<li><a href="https://benzinga.com/cannabis/25/05/45691518/110m-wiped-out-bitcoin-whale-trader-gets-burned-as-btc-tags-104150" target="_blank" rel="noreferrer noopener">$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150 &#8211; Benzinga</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joey Sussman / Shutterstock.com

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