Latest / MAG 7 Daily / Ep 3: Six hundred forty-four million dollars in premiums did not get Tesla Insurance into New York.

Transcript

Ep 3: Six hundred forty-four million dollars in premiums did not get Tesla Insurance into New York. · MAG 7 Daily

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  644 million dollars in premiums did not get tesla insurance into New York. This is MAG 7 Daily,
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  episode 3. At the top of the tape, New York's department of financial services rejected a
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  filing from tesla general insurance that would have covered only tesla vehicles, picked
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  out by VIN. Insurance news net says regulators invoked section 2324 of New York insurance
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  law before anyone reviewed the actuarial case, according to S&P Global Market Intelligence.
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  Of the half-year book, California wrote $477.8 million, Texas $60.4 million, Nevada $23.3
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  million, and Maryland $15 million.
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  S&P says New York itself wrote no direct premium in that stretch, even with Tesla Insurance
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  Company already licensed there.
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  Notebook Check reports Google is now letting Gemini finish the phone call, not just start
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  it in an early preview called Call for Me on Pixel 11, and only in the United States
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  at first.
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  The assistant can check whether a product is in stock, ask for a quote, book a reservation,
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  punch through a phone menu, and sit on hold.
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  It may not place emergency calls or marketing calls, it may not pay, and it may not pass
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  along a card number, a password, or health information.
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  You see the number and the script before it dials.
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  Gemini tells the other person it is your AI assistant and that the call is being recorded.
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  You can read a live transcript, listen, or grab the call.
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  Afterward you get a summary.
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  Transcripts sit on Google's servers, the audio stays on the phone, and Google says neither
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  is used to train its models.
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  This is not the older, agentic calling tool, which since 2025 has made only certain business calls out of search or AI mode.
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  SimplyWall.ST reports that 42 state attorney's general are coordinating a look at Meta's chatbots and agents.
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  They want safeguards enforced through state consumer protection laws and civil rights laws, pass the federal oversight already in place.
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  Geekwire says a Washington State filing names 277 jobs Microsoft cut in the Seattle region.
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  77 of those titles are art, game production, game design, technical art or audio design.
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  Software engineering is the single biggest bucket at 60. 9-5 Mac reports that Apple and Qualcomm
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  renewed their worldwide patent license. The deal they just extended had been due to run out in 2027.
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  A week after Gemini 3.8 live and live extended thinking arrived on September 15, Digital Trends
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  says Google added live avatar, generated video that lip sinks, makes faces, and does not freeze
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  between turns. It stays inside Gemini Enterprise for now, aimed at customer service and walkthroughs,
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  and it covers 97 languages, changing speech, mouth movement, and expression without a restart.
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  companies get a preset library. Approved customers can also spin a custom face
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  from a reference image and keep the likeness, the style, or the character. The face
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  can keep talking while tools run in the background. In the audio and video
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  carry synth ID watermarks. TechRadar says the extended thinking version beat GPT
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  Live 1 Astra and GROC voice think fast 2.0 on multiple benchmarks and still cost
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  less per hour of input audio. Mac rumors says Mac OS Golden Gate is the first Mac system that
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  runs only on Apple Silicon, so Intel Macs remain on Mac OS Tahoe. Bootcamp Assistant is out,
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  because this release does not run on those Intel machines. There is no AFP client, time capsule
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  backups no longer work, and airport utility is no longer part of the install. The upgrade strips
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  Rosetta 2, you can put it back if an app still needs it, and Golden Gate is the last
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  Mac system with full Rosetta support.
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  A warning shows when a Rosetta app launches, and the affected list sits under Settings,
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  General, About, Intel-Based Apps.
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  The Verge says that in lawsuits over alleged harm to teen safety and mental health, meta's
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  lawyers have tried to keep some evidence out as attorney-client privilege.
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  Lawyers on the other side said this week the stamp has been used far too widely and they
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  pointed at a document that was recently unsealed.
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  The Verge also reports employees ordered hats labeled attorney client privilege while
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  those child safety disclosures were being fought.
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  The Verge says Microsoft is retiring the Copilot Plus PC brand about two and a half years after
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  it told buyers those were the machines with enough built-in AI.
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  The report cites Windows Central's Zach Bowden, and it says Microsoft and Qualcomm appear to
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  be treating the name as already dead. The New York rejection cuts against reading Tesla insurance
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  as a bid for the whole market, not against the size of the book. S&P's earlier research put 2025
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  direct written premiums at $1.37 billion, up 40.7% from 970.8 million the year before. Affiliated
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  Tesla insures wrote 75.9% of that business themselves in 2025, against 32.6% in 2024.
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  California was still nearly 70% of 2025 premium volume, at $725 million.
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  Tim Zawaki, who runs financial institutions research at S&P Global Market Intelligence, said
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  the point is not competitive coverage for a broad slice of the market.
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  He said it exists to take a friction point out of selling a Tesla, and that the move into
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  affiliated carriers came partly because some insurers would not ride electric vehicles,
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  or price them higher over repair costs and loss severity.
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  A $10 billion valuation talk now runs across the 7th through a chip that is still early,
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  from Tesla's old Dojo Bench toward Amazon Web Services, with Nvidia on the other order book.
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  The information says Density AI, started a year ago by former Dojo leaders, is in advanced
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  talks to raise hundreds of millions of dollars at that $10 billion valuation, according
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  to two people who know the discussions.
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  Those people describe the chips as early, and potentially years from mass production.
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  The same account says Density AI's leaders told possible investors that Amazon Web Services
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  would buy the eventual chips only if they hit stated performance requirements.
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  Bloomberg reports Elon Musk said Colossus 2, the AI cluster at his XAI business,
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  may more than double its current Nvidia chip count by the end of the year. They share a calendar.
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  Amazon's clause is a buy that triggers only if a new part qualifies. Nvidia's near-term demand
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  is Musk's plan to more than double chips Colossus 2 already runs. Tesla shows up as the company
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  those founders left, not as the buyer. In fall 2027, Apple expects Mac OS 28 to largely drop
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  Rosetta 2, with an exception for some old games nobody maintains. Apple still plans security updates
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  for Intel Macs through fall 2028. Before we go, the nearest date on the sheet is fall 2027,
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  When Mac OS 28 is expected to shut most of Rosetta 2, that's MAG 7 Daily for today.
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  Nothing in this show is financial advice.
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  I'm Patrick in Vancouver, see you tomorrow.
• 7:42
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  New to the network, narrownetwork.com start here, picks the right daily briefing for
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  you in about two minutes.
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  This episode used AI voice synthesis of my voice.
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  Editorial selection and analysis are my own.