Tech

Apple loses $300 billion from tariffs-induced sell-off

Apple loses $310 billion amid tariff-induced sell-off; worst drop since March 2020, impacting tech stocks significantly.

Published

7 months ago

April 4, 2025

Ahron Young

Apple loses $310 billion amid tariff-induced sell-off; worst drop since March 2020, impacting tech stocks significantly.

In Short

Tech stocks plummeted on Thursday, with Apple suffering a 9% drop following Trump’s tariff announcement, resulting in over $310 billion loss in market capitalisation.

This situation underscores growing trade tensions, as Apple faces challenges diversifying its supply chain amidst new tariffs impacting its key production countries.

Tech stocks dropped significantly on Thursday, with Apple leading the decline after President Trump’s tariff announcement.

Apple shares fell over 9%, marking the worst performance since March 2020, which resulted in a loss exceeding $310 billion in market capitalisation. Analysts have pointed out that Apple’s overseas production facilities are highly susceptible to these tariff changes.

Trump’s tariff plan affects around 185 countries, including major trading partners, with specific tariffs imposed on imports from China, the EU, Vietnam, Taiwan, and India, set to begin on April 9. The new 34% tariff on China compounds the existing 20% rate, leading to a total of 54%, which is critical for Apple as approximately 85% of its iPhones are produced there.

Analysts have raised concerns regarding exceptions and exemptions for companies wishing to establish manufacturing in the US, which Apple has previously announced.

As trade tensions grow, Apple is diversifying its supply chain by increasing production in India and Vietnam. However, the new tariffs also target these countries, limiting options for Apple.

Concerns about pricing, margins, and global supply chain implications remain prevalent in the market. The overall impact of these tariffs is expected to exert significant pressure on tech stocks going forward.

Overall, other major technology companies also faced losses, with the group collectively losing nearly $913 billion in market capitalisation.

Tech

OpenAI Unveils ChatGPT Atlas: The Future of Browsing?

Published

4 days ago

October 22, 2025

ticker NEWS

OpenAI has taken another giant leap forward with the launch of ChatGPT Atlas — an AI-powered web browser that could redefine how people search, explore, and interact online. Investors and competitors are watching closely as this new technology challenges the dominance of traditional browsers like Google Chrome.

With ChatGPT Atlas, users may soon experience a web that feels less like typing into a search box and more like conversing with an intelligent assistant. The integration of AI could make browsing faster, more intuitive, and more personalised than ever before — but it also raises serious questions about privacy and data use.

As AI becomes more deeply embedded in the digital world, ChatGPT Atlas could represent the next major step toward a fully AI-driven online experience. What does this mean for users — and for the tech giants trying to keep up?

Tech

OpenAI limits deepfakes after Bryan Cranston’s concerns

OpenAI protects against deepfakes on Sora 2 after Bryan Cranston and SAG-AFTRA raise concerns over unauthorized AI-generated content

Published

4 days ago

October 21, 2025

Ahron Young

OpenAI protects against deepfakes on Sora 2 after Bryan Cranston and SAG-AFTRA raise concerns over unauthorised AI-generated content

In Short:
– OpenAI partners with Bryan Cranston and unions to combat deepfakes on its Sora app.
– The app now includes options for people to control their likenesses and voices.

OpenAI announced it will work with Bryan Cranston, SAG-AFTRA, and actor unions to combat deepfakes on its AI video app, Sora.Cranston voiced concerns after unauthorized AI-generated clips featuring his likeness emerged after Sora 2’s launch in late September. He showed gratitude to OpenAI for taking steps to safeguard actors’ rights to control their likenesses.

The partnership aims to enhance protections against unauthorized AI content. The Creative Artists Agency and United Talent Agency had previously criticized OpenAI, citing risks to their clients’ intellectual property.

Last week, OpenAI blocked disrespectful videos of Martin Luther King Jr. at the request of his estate, following similar pressures. Zelda Williams also requested the public refrain from sending her AI-generated clips of her late father, Robin Williams.

Policy Changes

Following tensions post-launch, CEO Sam Altman revised Sora’s policy to give rights holders greater control of their likenesses.

The app now allows individuals to opt-out, reflecting OpenAI’s commitment to respond quickly to concerns from performers.

OpenAI backs the NO FAKES Act, supporting legislation that aims to protect individuals from unauthorized AI-generated representations.

OpenAI is focused on ensuring performers’ rights are respected regarding the misuse of their voices and likenesses. Altman reiterated the company’s dedication to these protections.

Tech

Major apps down as AWS experiences global outage

AWS outage disrupts Fortnite, Snapchat and multiple services globally

Published

5 days ago

October 20, 2025

Ahron Young

AWS outage disrupts Fortnite, Snapchat and multiple services globally

In Short:
– AWS outage on Monday disrupted major apps like Fortnite, Snapchat, and affected several global companies.
– UK companies including Lloyds Bank and Vodafone reported issues due to the AWS outage.

Amazon’s AWS experienced a significant outage on Monday, impacting major apps including Fortnite and Snapchat. The disruption affected connectivity for numerous companies globally.AWS reported increased error rates and latencies across multiple services and is attempting to recover quickly.

The outage marks the first significant internet disruption since a previous incident last year that impacted essential technology systems globally. AWS offers on-demand computing and storage services and is vital for many websites and platforms.

Multiple companies reported disruptions, including AI startup Perplexity, cryptocurrency exchange Coinbase, and trading app Robinhood. Perplexity’s CEO confirmed on X that the outages were linked to AWS issues.

Amazon’s shopping site, Prime Video, and Alexa services also faced difficulties, according to Downdetector. Other affected platforms included popular gaming applications like Clash Royale and financial services such as Venmo and Chime.

Uber competitor Lyft’s app was reported down for numerous users in the U.S. Messaging platform Signal also acknowledged connection problems stemming from the AWS outage.

British Companies

In the UK, Lloyds Bank, Bank of Scotland, and telecom services provider Vodafone were notably affected. The HMRC’s website also encountered issues during this outage.

Elon Musk stated that his platform, X, remained operational despite the widespread disruptions.