Bytes: Week in Review — Apple’s huge investment, Nvidia’s strong earnings and Bybit hack batters bitcoin
Marketplace Tech
American Public Media
4.6 • 1.2K Ratings
🗓️ 28 February 2025
⏱️ 10 minutes
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Summary
In this week’s “Tech Bytes: Week in Review,” chip powerhouse Nvidia saw its revenue soar last quarter, showing that the AI boom is still booming. Plus, it was a bumpy week for bitcoin after the crypto exchange Bybit lost almost $1.5 billion of digital assets in a hack. But first, Apple announced it’s spending $500 billion to expand manufacturing and create jobs in the U.S. Marketplace’s Stephanie Hughes spoke with Anita Ramaswamy, columnist at The Information, about what the investment could do for American tech manufacturing and more.
Transcript
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| 0:00.0 | Nvidia keeps making chips, the tech industry keeps buying them. |
| 0:05.4 | From American Public Media, this is Marketplace Tech. |
| 0:08.3 | I'm Stephanie Hughes. |
| 0:18.5 | It's Friday, Friday, to some. And as part of our regular feature, Techbytes, we can review, |
| 0:24.2 | we'll take a look at a few of the big stories in the tech industry. |
| 0:27.2 | Such as the Chip Powerhouse Nvidia saw its revenue soar last quarter, showing that the AI boom is still booming. |
| 0:34.6 | Plus, it was a bumpy week for Bitcoin after the crypto exchange ByBit lost $1.5 billion |
| 0:40.5 | dollars in digital assets in a hack. But first, Apple announced this week, it's spending $500 billion |
| 0:46.3 | to create new jobs and expand manufacturing in the U.S. I spoke with Anita Ramoswamy, a columnist |
| 0:52.7 | at the information, and asked her what she thought this investment could actually do for American tech manufacturing. |
| 0:58.8 | The interesting part about this is not so much the amount of money that's invested, but where it's being invested. |
| 1:03.3 | And that's just because the $500 billion, while it's a huge sum of money, is actually going towards things that Apple was any way sort of working on or planning to do. |
| 1:11.3 | So a lot of it is around support for their Apple intelligence AI product. And some of it is going |
| 1:17.0 | towards Apple TV Plus production. Some of it is going to be the majority of the money isn't |
| 1:21.5 | going to be invested in data centers and the infrastructure to support that. So that's really for |
| 1:25.8 | Apple to be able to run its AI models, which they're going to offer to customers. But the reason I thought the location was a little |
| 1:31.5 | bit more interesting is because this is all spending that Apple is doing anyway. They've talked |
| 1:35.7 | about in past quarters, you know, kind of building out the AI product. But what's interesting |
| 1:39.4 | is that they're saying, hey, we're going to actually spend this all within the US specifically. |
| 1:44.1 | So they're trying to emphasize aspects like job creation and sort of give a nod to the current |
| 1:49.1 | presidential administration. Yeah, to your point, do you think we're seeing, you know, |
| 1:54.0 | a real shift in production? A lot of Apple's manufacturing does take place in Asia. Is that likely to |
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