The Presidential Debate and Apple's Business in China | Bloomberg Technology

The Presidential Debate and Apple's Business in China | Bloomberg Technology

Presidential Debate

  • Biden's performance in the debate was perceived poorly, raising concerns about his age and ability to effectively articulate policies.
  • Trump appeared more energetic and focused during the debate, taking advantage of the format to his benefit.
  • Trump made several false statements and repeated debunked claims without being fact-checked by the moderators.
  • Biden struggled to effectively fact-check Trump and repeatedly called him out for lying, but had difficulty articulating the truth himself.
  • The debate's impact on Biden's candidacy is being discussed within the Democratic Party, with questions arising about his ability to continue as the nominee.

Economy and Policy

  • Vivek Ramaswamy, a former Republican presidential candidate and advisor to former President Trump, commented on Biden's performance and highlighted the importance of discussing policy visions.
  • Ramaswamy emphasized economic growth as a core objective of Donald Trump's policy platform, including tax cuts, drilling for oil and natural gas, and increasing energy supply to reduce costs.
  • Ramaswamy clarified that while inflation rates may have decreased in May, cumulative inflation over the past several years has resulted in a significant increase in the prices of consumer goods and products.
  • Ramaswamy believes that the US needs more entrepreneurs and business leaders in politics who can bring an objective perspective to solving problems.
  • He sees a decline in the rate of innovation in the US and believes that revitalizing innovation is crucial for maintaining American exceptionalism.
  • Ramaswamy draws parallels between former President Trump and George Washington, and between Elon Musk and Benjamin Franklin, emphasizing their shared love for the country and their contributions to society.
  • He mentions conversations with former President Trump about cryptocurrency and the importance of financial freedom and choice.
  • Ramaswamy advocates for policies that support innovation and competition in the US, rather than favoring specific sectors or technologies.
  • He acknowledges that the Federal Reserve has stated it will not introduce a central bank digital currency (CBDC) unless mandated by Congress, but highlights the role of the executive branch in sponsoring legislation.


  • Vivek Ramaswamy discusses the need for regulation in the field of artificial intelligence (AI) and suggests a liability framework for developers of algorithms that cause unpredictable negative effects.
  • Ramaswamy expresses confidence in former President Trump's ability to make rational policy decisions on AI due to his intellectual curiosity and experience as an executive.
  • Ramaswamy discusses his interest in media and his investment in BuzzFeed. He believes the company has an opportunity to build a brand centered on trust and the pursuit of truth, appealing to younger audiences.
  • Apple's iPhone shipments in China have shown a 40% growth in May, indicating a recovery after a tough start to the year.
  • The growth in the Chinese smartphone market benefits not only Apple but also other Chinese phone makers.
  • Apple's AI rollout in China is still in the works, and the company is in talks with potential partners like Alibaba for chatbot integration.
  • Kleiner Perkins announced raising over $2 billion for two new funds, with a focus on AI-leveraging startups.
  • The tech M&A market is showing renewed optimism, with private equity firms and traditional tech acquirers becoming more active.
  • Non-traditional technology acquirers, such as companies from older industries, are also entering the tech space, particularly in areas like AI and cybersecurity.
  • Many companies across various sectors are incorporating AI into their products and services to stay competitive and attract customers.
  • The hack on the Eastern Seaboard highlighted the need for increased investment in cybersecurity and infrastructure protection in the oil and gas industry.
  • Many companies are opting to purchase cybersecurity solutions from specialized providers rather than developing them in-house.
  • While there is significant investment in AI and AR platform companies, there aren't enough companies for consolidation to occur at the platform level.
  • Traditional industrial companies are showing growing interest in digital technologies and pockets of growth, particularly at the intersection of software and climate.
  • AI is already having a significant impact in the energy transition, enabling workflow automation, improving renewable project development, and optimizing battery performance.
  • The Inflation Reduction Act has accelerated the energy transition, and the direction of progress is expected to continue regardless of political power shifts.
  • Climate innovation is not limited to Silicon Valley, with significant opportunities and talent emerging globally, especially in Europe.


  • Tesla's quality ranking has declined due to design changes such as removing turn signal stocks.
  • JD Power's Initial Quality Study revealed that consumers are experiencing increased difficulty in operating certain functions in Tesla vehicles, leading to more eyes-off-the-road time.
  • The study found that Tesla owners are not satisfied with the removal of physical turn signal stocks and windshield wiper stocks, which have been replaced with buttons on the steering wheel.
  • Tesla was previously the highest-ranked EV in terms of quality, but other EV manufacturers have caught up due to Tesla's design changes.
  • The concept of quality in the survey now includes both mechanical issues and usability challenges faced by consumers.

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