Reed Albergotti is the technology editor at Semafor. He's back for our weekly discussion of the latest tech news. We cover 1) Gruber turns on Apple 2) Has Apple lost its credibility? 3) Apple stock takes a hit after downgrades 4) Will we even use a phone in the future? 5) Will AI investing stop in a tough market? 6) The spectrum of AI outcomes and the wisdom of massive capex 7) Tesla risks and opportunities 8) OpenAI releasing agent APT 9) Vibecoding is fun 10) Reed on Amazon's proprietary AI chips Chapters 00:00 Apple's AI Fiasco and Credibility Crisis 10:37 The Impact of AI on Apple's Future 20:39 Market Correction and AI Funding Dynamics 33:35 Investing in AI: Opportunities and Risks 36:17 The Impact of AI on Jobs and Economy 44:08 OpenAI's New Developments and Agent Technology 51:01 Vibe Coding: The Future of Software Development 57:03 Amazon's Chip Strategy and Project Rainier