🇺🇸 Apple Prepares to Get Made-in-US Chips in Pivot From Asia Supply

Plus: BlockFi Prepares for Potential Bankruptcy as Crypto Contagion Spreads, FTX's Balance Sheet Was Bad, and more…

Today’s pick

Apple Prepares to Get Made-in-US Chips in Pivot From Asia Supply. Apple Inc. is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step toward reducing the company's reliance on Asian production. Chief Executive Officer Tim Cook made the disclosure during… (Mark Gurman / Bloomberg)

Peter Elstrom @pelstrom

Scoop: Apple's decision to source chips in the US is a big deal for the semiconductor industry. There's been much debate about whether the US can ever regain competitiveness with Taiwan and Korea. Apple's buying power can make a difference. @markgurman

bloomberg.comBloomberg - Are you a robot?

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BlockFi Prepares for Potential Bankruptcy as Crypto Contagion Spreads. Cryptocurrency lender BlockFi Inc. is preparing a potential bankruptcy filing after halting withdrawals of customer deposits and acknowledging it has “significant exposure” to bankrupt exchange FTX, people familiar with the matter… (Alexander Gladstone / Wall Street Journal)

The Wall Street Journal @WSJ

BlockFi, financially entangled with the now-bankrupt FTX, is planning to lay off workers and exploring a bankruptcy filing itself, people familiar say

on.wsj.comBlockFi Prepares for Potential Bankruptcy as Crypto Contagion SpreadsBlockFi, financially entangled with the now-bankrupt FTX, is planning to lay off workers and exploring a bankruptcy filing itself, people familiar say.

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FTX's Balance Sheet Was Bad. Serum, customer money, etc.; plus Elon Musk's Twitter debt and anti-ESG antitrust. There is so much, but I want to start with Serum. If a troubled company has a few days to beg potential investors for a bailout before it files for bankruptcy, and… (Matt Levine / Bloomberg)

Rick Klau @rklau

Today’s column from @matt_levine should win a Pulitzer.

bloomberg.comBloomberg - Are you a robot?

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The scary truth about AI copyright is nobody knows what will happen next. Generative AI has had a very good year. Corporations like Microsoft, Adobe, and GitHub are integrating the tech into their products; startups are raising hundreds of millions to compete with them; and the software even has cultural clout, with… (James Vincent / The Verge)

James Vincent @jjvincent

just what the hell is going on with generative AI and copyright law? can you copyright AI art? is it legal to train a model on copyrighted data? I spoke to lawyers, engineers, and other experts to find out — the scary truth is there are no clear answers

theverge.comThe scary truth about AI copyright is nobody knows what will happen nextAre text-to-image AI legal? It’s a hard question to answer.

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What Riding in a Self-Driving Tesla Tells Us About the Future of Autonomy. When we decided it was time for lunch, Chuck Cook tapped the digital display on the dashboard of his Tesla Model Y and told the car to drive us to the Bearded Pig, a barbecue joint on the other side of town. “I don't know how it's gonna do. (Cade Metz / The New York Times)

Cade Metz @CadeMetz

What Riding in a Self-Driving Tesla Tells Us About the Future of Autonomy:

nyti.msWhat Riding in a Self-Driving Tesla Tells Us About the Future of AutonomyWe took a ride with Tesla’s experimental self-driving system. It was by turns intriguing, impressive and scary.

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