US curbs on China tech investments in final push as election looms: Nikkei reports new administration could throw wrench in rules that focus on chips and AI.
WP: Apple, Google must pay billions in back taxes and fines, EU court rules
Apple loses landmark tax case with the EU: The Times reports that the European Court of Justice finds that Ireland granted Apple €13 billion in unlawful state aid.
Apple must pay €13bn in back taxes, top EU court rules: FT reports the European Court of Justice confirms Ireland provided ‘unlawful aid’ via tax deal and overturns a lower court decision.
Who’s paying for Apple Intelligence in new iPhones? Probably you. WP
Apple’s strategy to stay on top: A large part of the company’s revenue now comes from digital services. That has radically reshaped the company’s culture — and its appetite for risk. Bloomberg
China’s Huawei shows the world its $2,800 ‘trifold’ phone: NYT reports the latest announcement from Apple’s China rival came just hours after the unveiling of iPhone 16.
Not everyone needs to have an opinion on AI: Too many organisations feel compelled to speak out on matters outside their control. Stephen Bush
Bloomberg: Amazon to invest £8 billion in UK, continuing AWS expansion
+ Move follows similar investments announced in Spain, Germany
+ Chancellor Reeves says decision is ‘start of economic revival’
Bloomberg: TSMC’s August revenue climbs 33% as AI chip demand holds up
+ Growth is robust though down slightly from July’s pace
+ Investors have been concerned about the pace of AI spending
Enjoy the ride + plan accordingly.
-Marc
