Apple Just Declared War On OpenAI
Summary
Host Ed Elson discusses Apple’s lawsuit against OpenAI for alleged trade secret theft with Alex Kantrowitz, who warns of risks to OpenAI’s hardware ambitions and IPO. The episode also examines South Korea’s volatile stock market, driven by leveraged ETFs in chip stocks like SK Hynix, with insights from Luke Kawa. Finally, Elson critiques the US reinstatement of the Strait of Hormuz blockade and proposed tolls, arguing these actions fuel inflation and market instability.
Topics discussed
Intro and sponsor ads
Market vitals: Iran tensions and chip sell-off
Apple sues OpenAI over trade secrets
Meta's AI model surge and compute strategy
Sponsor ads and newsletter promo
Korean market volatility and leveraged ETFs
US blockade of Strait of Hormuz and inflation
Outro and credits
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