American tech giants Tesla and Apple are suffering as they face intense competition from Chinese competitors. Elon Musk’s EV company reported a 55% drop in profit and 9% drop in first-quarter revenue Tuesday, its biggest year-on-year fall since 2012. Analysts began forecasting trouble for Musk’s EV empire after Tesla announced price cuts in China. Apple, meanwhile, saw a 19% dip in smartphone shipments to China this quarter, its worst performance since 2020, as it lost ground to local competitors like Huawei. Chinese smartphones are cheaper than iPhones, and have gained traction with more premium design and software features.
Vietnam’s “bamboo diplomacy” has allowed Hanoi to carefully enter strategic partnerships with the U.S. and China while maintaining its own independence and security, its foreign minister said Tuesday at a Brookings Institution event.
A federal judge on Tuesday refused to bring back a class action lawsuit alleging four auto manufacturers had violated Washington state’s privacy laws by using vehicles’ on-board infotainment systems to record and intercept customers’ private text messages and mobile phone call logs.
Israel is perhaps more acutely aware than any other government on earth of how disadvantageous it is to have your crimes recorded in the light of day and shared with the world.
Nvidia chief executive Jensen Huang told the Financial Times earlier this year that the 2022 controls had left the Silicon Valley company with its “hands tied behind our back” by barring sales of its most advanced chips to China. He has said further restrictions could seriously harm US chipmakers by eating into their ability to finance investment.
The biggest destroyer of the global economic and trade order is being paranoid. This is perhaps the most incisive and vivid explanation of why the US government and media outlets have seen a rumored ban on iPhones as China’s retaliation against the US.
In what appears to be a statement generated before news of the Chinese government refuting ban rumors, the White House chimed in on the matter, as reported by Bloomberg. The National Security Council shared that it is watching the issue with concern.
The Office of the Director of National Intelligence is throwing $22 million in taxpayer money at developing clothing that records audio, video, and location data.
Ms. Cat’s Chronicles 
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