APPLE INC - CybAI news

14 Aug

IPhone Maker Hon Hai Beats Profit Estimates Thanks to AI Boom

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, china, HON HAI PRECISION INDUSTRY, iphone, JULY SARL/CAEN, Logistics, NVIDIA CORP, smartphone, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Apple Inc.’s main manufacturing partner Hon Hai Precision Industry Co. said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted by demand for servers powering AI applications.The iPhone producer, also known as Foxconn, said on Wednesday that net income in the June quarter was NT$35 billion ($1.1 billion), largely in line with analyst expectations. Hon Hai’s revenue for the period, released earlier, surpassed estimates and came in at NT$1.55 trillion, up 19%. This was helped in large part by its growing business of supplying data center operators with…

14 Aug

In Taiwan, Artificial-Intelligence Fundraising Survives Market Maelstrom

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, Asia, Bonds, Equity Capital Markets, Hedge Funds, QUANTA COMPUTER INC, taiwan, Technology, UBS GROUP AG-REG, US Dollar Spot

A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments. Source link lol

14 Aug

Dip Buyers Plow Record Cash Into Megacap Fund Dominated by Tech

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, ETF, Interest Rates, INVESCO LTD, Markets, META PLATFORMS INC-CLASS A, NVIDIA CORP, PLOW, S&P 500 INDEX, stocks, Technology

Investors are back lavishing millions onto megacaps as the high-flying tech stocks resume their climb, shrugging off the vestiges of last week’s market meltdown.Traders poured a net $210 million into the Invesco S&P 500 Top 50 ETF (ticker XLG) on Monday, the biggest one-day influx in the fund’s nearly 20-year history, data compiled by Bloomberg show. The record inflow — and fourth straight one — pushed the ETF’s assets up by 4% to $5.3 billion, with nearly half of that attracted in the past year alone. Source link lol

13 Aug

Google Launches Pixel 9 Phones, Pixel Watch 3 in Renewed Push to Sell AI

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, APPLE INC, artificial intelligence, design, gadgets, hardware, SAMSUNG ELECTRONICS CO LTD, smartphone, software, Technology

Alphabet Inc.’s Google is rolling out upgraded smartphones, watches and earbuds, aiming to take on Apple Inc. and Samsung Electronics Co. and offer more ways to use artificial intelligence.Google is touting the products — unveiled weeks ahead of Apple’s newest gadgets — as the best way to experience its latest AI technology. The hardware also has outward changes, with Google moving away from the curved design it has used for several years on its Pixel phones. Source link lol

13 Aug

Traders Hope Alphabet’s Pixel Event Can Stem $360 Billion Rout

stp2y0 CommentsRAG modelsadvertising, ALPHABET INC-CL A, APPLE INC, artificial intelligence, Banking, california, Economic Growth, hardware, INGALLS & SNYDER LLC, Markets, Mountain View, Technology

Alphabet Inc. investors are anxiously awaiting a Google hardware event on Tuesday — banking on new AI features to help stop a selloff that’s wiped out more than $360 billion in market value in just one month.Google is unveiling one of the biggest redesigns of its Pixel phones in their nearly decade-long history at an event starting at 10 a.m. in Mountain View, California. While the devices are usually an afterthought for investors because of their small revenue contribution relative to Google’s digital advertising business, expectations are high that new AI capabilities could demonstrate leadership in the highly competitive arena.…

13 Aug

India Watchdog to Withdraw Report Accusing Apple of Market Abuse

stp2y0 CommentsRAG modelsAPPLE INC, apps, china, europe, Government, india, japan, regulation, smartphone, South Korea, Technology

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.India’s antitrust regulator will withdraw a report that found Apple Inc. abused its dominance of the domestic market, backtracking for now from its high-profile investigation into the US company. Source link lol

13 Aug

How Politics Will Expand Into the Final Frontier

stp2y0 CommentsRAG modelsAPPLE INC, cities, economics, elections, ESG Concerns, Government, military, National Aeronautics and Space Administration, politics, renewable energy, Technology, Utilities

Listen and subscribe to the Voternomics series on the In the City and Stephanomics podcast feeds on Apple, Spotify and the Bloomberg Terminal.The rapid commercialization of space is launching the world into an “era of astropolitics,” journalist and author Tim Marshall tells host Allegra Stratton on this episode of Voternomics.Commercial companies are driving “Space Race 2.0,” from commercial fleets of satellites a few hundred miles above Earth to NASA’s search for private companies to bring back a piece of the moon. Ultimately, Marshall says, entities are eyeing the lucrative prospect of mining extraterrestrial objects for resources needed to provide renewable…

12 Aug

Google’s Osterloh Looks to Get Jump on Apple With Earlier Launch

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, APPLE INC, artificial intelligence, hardware, iphone, SAMSUNG ELECTRONICS CO LTD, smartphone, software, Technology, TWITTER INC

With its hardware event on Tuesday, Alphabet Inc.’s Google is trying to outshine Apple’s annual iPhone launch — and is letting longtime executive Rick Osterloh take center stage.Osterloh, the former president of Motorola who joined Google in 2016, will helm the first major product launch after the company this year unified under his leadership the teams developing hardware and the Android operating system. The reorganization expanded Osterloh’s influence in the company and signaled that Google intends to compete in hardware for the long term. Source link lol

12 Aug

Google’s Antitrust Loss Offers Clues to Apple in Fight With Regulators

stp2y0 CommentsRAG modelsALPHABET INC-CL A, APPLE INC, bing, business, fully-charged, Government, INTEL CORP, iphone, MICROSOFT CORP, smartphone, Susan D Wojcicki, Technology, youtube

Apple’s potential loss of its $20 billion search deal with Google may only be the start of its antitrust headaches. But first... Source link lol

11 Aug

Apple’s iPhone 16 Will Keep Sales Stable Until Bigger Changes Arrive

stp2y0 CommentsRAG models5G Network, APPLE INC, artificial intelligence, business, design, Generic 1st 'GC' Future, ios, ipad, iphone, smartphone, tablet, Technology

Apple’s iPhone 16 will keep sales stable until more innovative models are ready next year. Also: A smaller Mac mini is underway; iOS 18’s Photos app changes course; and why the company is moving to a plastic version of its SE watch. Source link lol