APPLE INC - CybAI news

09 Aug

Buffett’s Apple Share Dump Is Set to Reshape Major Stock Gauges

stp2y0 CommentsRAG modelsAPPLE INC, BERKSHIRE HATHAWAY INC-CL A, Economic Growth, finance, Government, investing, iphone, Markets, S&P 500 INDEX, Technology, Warren E Buffett

Warren Buffett’s sudden sale of a huge pile of Apple Inc. shares has come with a surprise silver lining for investors in the iPhone maker: Its influence in major stock indexes is set to be fully unleashed.Apple’s weighting in a slew of benchmarks has been depressed for years because Buffett’s Berkshire Hathaway Inc. tends to hold its investments for the long run, making them unavailable for trading. As a result, index providers calculated the tech company’s weight based on a methodology known as float-adjusted market capitalization. Source link lol

09 Aug

How a Traditional Toymaker Is Going Big on Digital Games

stp2y0 CommentsRAG modelsAmericas, APPLE INC, apps, business, Chris Cocks, infrastructure, Markets, odd-lots, podcasts, pursuits, Technology, United States, Utilities

Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletterHasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons & Dragons, and the best-selling video game…

09 Aug

TSMC Sales Grow 45% in July on Strong AI Chip Demand

stp2y0 CommentsRAG modelsADVANCED MICRO DEVICES, APPLE INC, artificial intelligence, europe, infrastructure, JULY SARL/CAEN, NVIDIA CORP, retail, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Utilities

Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, an early indication of strong demand for AI chips even as a global tech selloff underlined growing doubts about the technology’s potential.Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations. Source link lol

08 Aug

About 1,200 Tech Workers Sign Letter Backing Kamala Harris

stp2y0 CommentsRAG modelsAPPLE INC, Billionaires, education, Julia Collins, Kamala D Harris, law, META PLATFORMS INC-CLASS A, Real Estate, SALESFORCE INC, Technology, U.S. Democrats

A group of about 1,200 technology workers have pledged to back Kamala Harris’ presidential bid — part of an effort to show wide industry support for Democrats in Silicon Valley, outside of its most vocal investor class. Tech4Kamala plans to unveil the signatories of a letter supporting Harris late Thursday night, it told Bloomberg. The letter called Harris an “archetypical innovator” and “champion of technology” who “worked to expand access to STEM education, promote entrepreneurship and close the digital equity gap.” Source link lol

08 Aug

Apple’s Mac Mini With M4 Chip Will Be Its Smallest Computer Ever

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, Daniel Daniel, design, entertainment, ipad, jobs, media, Technology, Utilities, Video Streaming

Apple Inc. is planning a new version of the Mac mini that will be its smallest desktop computer yet, part of a broader overhaul of the Mac line with AI-focused chips.The new model — due later this year — will mark the first major design change to the mini since it was revamped under Steve Jobs in 2010, according to people with knowledge of the matter. The device will be far smaller than its predecessor, approaching the size of an Apple TV set-top box, according to the people, who asked not to be identified because the work is secret. Source…

05 Aug

Apple’s Shift to AI Is Poised to Soften Blow From Google Ruling

stp2y0 CommentsRAG modelsadvertising, ALPHABET INC-CL A, APPLE INC, Ari Paparo, artificial intelligence, europe, Government, iphone, justice department, software, Technology

Google’s defeat in an antitrust suit filed by the Justice Department has cast a shadow over partner Apple Inc., which generates roughly $20 billion a year in payments from the internet search giant. Apple shares slipped almost 5% on Monday after a judge ruled that Google’s payments to device makers — made in return for its search engine getting preferential placement — were illegal. The decision handed a win to the Justice Department in its first major antitrust case against Big Tech in more than two decades. Source link lol

30 Jul

Microsoft Needs to Show Azure Strength to Stem Great Rotation

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, APPLE INC, artificial intelligence, Earnings, Fund Manager, MICROSOFT CORP, Software Company, Technology, Valuation, Wall Street

After a $2.3-trillion Nasdaq 100 wipeout, investors are nervously awaiting Microsoft Corp.’s earnings report to see whether the software maker can turn the tide.Traders are increasingly concerned that tech firms aren’t yet seeing returns from heavy investments in artificial intelligence. Shares in Alphabet Inc. slid last week after the Google parent reported higher-than-expected spending, adding to a broader selloff for Big Tech. That’s raised the bar for Microsoft, which is trading at a fairly hefty valuation of about 32 times projected profits and needs to show AI-related spending is translating into sales growth for its Azure cloud business. Source link…