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Apple’s artificial-intelligence system has secured government approval in China, clearing a major roadblock for the iPhone maker to introduce the service in the world’s largest smartphone market.
(Bloomberg) -- Apple Inc.’s on-device artificial intelligence system got its long-awaited approval for release in China, integrating Alibaba Group Holding Ltd.’s Qwen AI into the iPhone experience.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companion‘We Faltered’: IB
China's cyberspace regulator said on Wednesday that Apple's on-device generative AI service "Apple Intelligence" has been registered for use on iPhones in the country. Apple's intelligence services will incorporate capabilities from Baidu and Alibaba's AI models, according to a source, who declined to be named. Apple did not immediately respond to an emailed request for comment.
The product is expected to be OpenAI’s first physical AI device and a crucial milestone as the company moves forward with its IPO plans.
OpenAI has issued another statement on the lawsuit, this time suggesting it lacks merit.
Apple seeks damages and other legal remedies that could slow OpenAI's device development and hiring.
OpenAI says it takes Apple’s complaint seriously but questions whether the allegations have any merit.
JPMorgan (JPM), Citigroup (C), Bank of America (BAC), Goldman Sachs (GS), and Wells Fargo (WFC) all reported second quarter earnings results on Tuesday. Whalen Global Advisors chairman, Chris Whalen, shares his take on the recent results and his expectations for Morgan Stanley (MS) on Wednesday.
OpenAI is in an IPO pickle. A year ago, the idea of an OpenAI listing would have had Wall Street salivating, with relatively few reservations about its large financial losses or questions about its leadership. After surviving an attempted ouster two years prior, chief Sam Altman had carved OpenAI into his nascent industry’s undisputed king and hitched himself closely to the much wealthier Microsoft to bankroll growth.
The tech moguls took to X to rip each other apart again, this time over Apple's lawsuit and Musk's SpaceX IPO.
FEATURE The artificial-intelligence trade appeared to be reignited Tuesday as investors digested a slew of bank earnings reports ahead of the consumer-price index inflation report for June. International Business Machines sank 23% after the company’s preliminary second-quarter adjusted earnings and revenue missed analysts’ targets.
Apple's lawsuit against OpenAI shows how important AI devices will be for the iPhone maker.
Apple hit an all-time stock high after it filed one of its most aggressive lawsuits in years, and the market barely flinched. That disconnect between price and risk is exactly what most investors are not pricing in right now.
China's smartphone shipments fell 4.3% to 66 million units in the second quarter from a year earlier, as many manufacturers hiked prices to reflect rising memory and component costs, research firm IDC said on Tuesday. It was the fifth straight quarterly decline, and first-half shipments were down 4.2% from a year earlier. Huawei Technologies and Apple were the only vendors to post growth in the quarter, with shipments up 19.4% and 24.4%, respectively.
(Bloomberg) -- Huawei Technologies Co. and Apple Inc. extended their lead atop China’s smartphone market in the June quarter, expanding their shipments as consumers opted to either buy premium devices or skip upgrades, according to IDC.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Figh
TSMC, the world's largest manufacturer of advanced AI chips, will likely notch a fifth consecutive quarter of record earnings, driven by booming AI infrastructure spending. Analysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) 3-nanometre and 2-nanometre process technologies for AI chips, as well as for its advanced chip packaging technology, CoWoS, remains strong. Its market capitalisation is now nearly double that of South Korean rival Samsung Electronics at around $1.97 trillion.
Almost every advanced AI chip on the planet is built in one place. Nvidia's Blackwell processors, Apple's silicon, custom accelerators for Meta and AMD — they all run through the same foundry in Taiwan. That foundry is Taiwan Semiconductor Manufacturing Company (TSM). TSMC is set to ...
Apple almost never sues, so when Tim Cook personally greenlit a complaint accusing OpenAI of stealing trade secrets and smuggling hardware prototypes out the door, Wall Street and Silicon Valley both took notice. The question now is whether the case disrupts OpenAI's IPO plans before a single share is priced.
‘The bad blood between Apple and OpenAI plays into Google’s hands,’ says Paul Meeks, head of technology research at Freedom Capital Markets.
Apple’s next iPhone problem may not be demand. It may be the price of making demand profitable. Hardware costs are rising, and Apple has drastically decreased its demand projections for the regular iPhone 17, according to a recent report from MacRumors, citing the Weibo account Fixed Focus Digital. ...
Investing.com -- Citi has increased its price target on Apple (NASDAQ: AAPL) to $365 and maintained its Buy rating on the stock in a note on Monday, citing the company's ability to gain market share in a challenging devices environment and its capacity to implement selective price increases to protect margins.
Global smartphone shipments fell 11% in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research. Apple bucked the trend with a 3% rise in shipments, taking its global market share to a record 20% in the quarter on resilient demand for its premium iPhone lineup and keeping prices unchanged. However, analysts expect price increases in the coming months.
Public dispute escalates as Apple sues OpenAI and Musk renews criticism while defending SpaceX's AI infrastructure plans.