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OpenAI confirms event today at 1 PM ET, but “not GPT-5, not a search engine”

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Top stories today:

  1. OpenAI confirms event today at 1 PM ET, but “not GPT-5”
  2. Apple nears deal with OpenAI to put ChatGPT tech on iPhone
  3. Tariffs on Chinese EVs likely to 4x to 102.5%
  4. Google I/O keynote on Tue at 1 PM ET: AI focus continues
  5. Global EV sales +18% YoY in Q1

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. OpenAI confirms event today at 1 PM ET, but “not GPT-5, not a search engine”

Sam Altman had to manage market expectations:

2. Apple nears deal with OpenAI to put ChatGPT tech on iPhone, including Siri revamp

  • 2 sides “finalizing terms.”

  • Google talks still ongoing.

  • June 10: ETA for announcement, during the WWDC keynote.

  • Apple execs worry about AI agents and the iPhone becoming a “dumb brick” vs. other technology.

  • The new Siri should be “better at handling tasks that it already does.”

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4. Tariffs on Chinese EVs likely to 4x to 102.5%

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