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Apple eyes Intel; Coinbase cuts 14%; Trump remakes AI
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Apple eyes Intel; Coinbase cuts 14%; Trump remakes AI

Plus: DeepMind unionizes; Microsoft's AI paradox

Good morning. It’s Tuesday, May 5. Today we are covering:

  • Apple explores tapping Intel and Samsung to manufacture its main chips in the US, reducing dependence on TSMC

  • Coinbase cuts roughly 14% of its workforce, about 700 jobs, citing market volatility and a pivot to AI-native operations

  • The Trump administration considers vetting AI models before public release, reversing its earlier deregulation stance

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