Plus: John Ternus officially takes over as Apple CEO. And Anthropic signs $35 billion cloud computing deal backed by Nvidia. Imani Moise hosts.
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[00:00:01] [SPEAKER_00] Here's your Morning TNB Tech Minute for Tuesday, September 1st. I'm Imani Moise for The Wall Street Journal. OpenAI is hitting back at Apple after the iPhone maker accused it of stealing trade secrets. In a late-night filing, OpenAI asserted that Apple filed a baseless lawsuit in an attempt to hamper its ability to recruit new employees, and ultimately stall its effort to develop competing technology. According to OpenAI, many of the accusations boiled down to poor off-boarding procedures inside the iPhone maker.
[00:00:31] [SPEAKER_00] Apple's suit, filed in July, accuses two former employees, including OpenAI's chief hardware officer, Tang Tan, of taking Apple's confidential information by various means. Apple didn't respond to requests for comments. News Corp., the publisher of The Wall Street Journal, has a content licensing partnership with OpenAI, as well as a commercial agreement to supply news through Apple services. Speaking of Apple, John Ternus is officially stepping into the role of CEO at the world's second-largest company.
[00:01:00] [SPEAKER_00] Tim Cook is closing out a 15-year run at the helm in which Apple grew to nearly $5 trillion in market value and annual iPhone sales more than tripled. Now, Ternus faces a very different challenge, getting Apple back out in front of the next big technological shift. The company has fallen behind rivals in AI, leaving it vulnerable as companies like OpenAI develop a new generation of AI-first devices. But Ternus has some advantages.
[00:01:29] [SPEAKER_00] Apple's devices are more popular than ever. And the company is preparing to unveil its first foldable iPhone. And we exclusively report that Anthropic has signed a $35 billion cloud computing deal with Lambda, a cloud computing provider backed by NVIDIA. People familiar with the matter say NVIDIA itself will hold the lease on the data center, which is being developed by Hutt8, a Bitcoin miner and data center developer in Texas.
[00:01:56] [SPEAKER_00] The convoluted arrangement is another example of NVIDIA's growing role in helping non-investment grade firms such as Anthropic get access to its expensive computing resources. And that's your TNB Tech Minute. We'll be back this afternoon with more.