Would You like a feature Interview?
All Interviews are 100% FREE of Charge
Welcome back! Despite last summer’s Ocean Gate tragedy, some people are still trying to take a submersible to the Titanic. Billionaire thrill seeker Larry Connor.
But first, it’s showtime for Apple.
If this is forwarded to you, Sign up here.
The big story
Apple’s AI Announcement
Apple is kicking off its big event today in a unique place: from the back.
The Worldwide Developers Conference (WWDC) is Apple’s annual trade show. Flashy announcements about cutting-edge technology.
But Apple’s interactions with fellow tech giants will be a hot topic when CEO Tim Cook delivers his keynote address this afternoon. Long-awaited AI strategy announcementBusiness Insider’s Jordan Hart wrote:
(you can Follow our live blog hereThe event will begin at 1pm ET.
Google, Amazon, Microsoftand Open AI Over the past month, these companies have all jumped into the AI ​​space, but Apple has remained conspicuously quiet on the topic. To the investors’ disappointment.
All indications point to Apple confirming the rumors of a partnership with OpenAI, and this wouldn’t be the first time Apple has announced a deal with another tech company. It means a lotBI’s Hasan Chowdhury wrote:
In 2005, Apple and Google struck a deal that would make Google’s search engine the default option in Apple’s Safari browser, and two years later, Apple launched the iPhone with Google as its core search tool.
The rest, needless to say, is history.
It’s unclear whether the much-anticipated partnership between Apple and OpenAI will last as long as Apple’s nearly two-decade relationship with Google.
OpenAI is beneficial for Apple, but it’s not without risk. The startup and its CEO, Sam Altman, are, to put it mildly, In the midst of chaos.
OpenAI has faced criticism over its transparency and safety protocols, and people have begun to question Altman’s true motives — a drama that Apple typically tries to avoid. The iPad ad was quickly withdrawn.?
Further complicating matters, OpenAI’s biggest backer is Apple’s main rival, Microsoft.
The tech giant reportedly has concerns about Apple’s partnership with OpenAI, and CEO Satya Nadella met with Altman to discuss what the deal could look like. That could impact his company’s AI plans for startups.The Information reported.
Either way, Apple likely won’t be interested in putting all of its AI efforts in one basket. It has a successful partnership with Google, but It wasn’t cheapAnd more importantly, Regulatory attention is on the rise Apple will likely want to avoid that this time around.
Breaking News
Catch up on Monday’s headlines
A quick roundup of the weekend’s top news stories.
Three things in the market
- The final stage of America’s soft landing will not be easy. The European Central Bank’s decision last week to cut interest rates puts the United States in a tricky position: a delay in the Fed’s rate cuts could lead to foreign capital flowing into the economy. Making central banks’ jobs harder.
- Trying to make sense of the recent GameStop meme madness. The company has already made $1 billion from its recent stock sales rally, and could make even more in the future. By selling additional sharesMeanwhile, Roaring Kitty’s stock price fell further. The live stream was useless.
- The election results have come as a big surprise to the stock market. This is an election year all over the world. Victory for Indian and Mexican leaders Stock prices in each country plummeted. Meanwhile, European stocks today Far-right, nationalist parties won big victories.
Three things about technology
- Meet Sam Altman, the ultimate personality. We can say that “talented people” contribute to the company with their soft skills and create a healthy work environment. In AI, we can broaden the definition to include people who are very good at promoting the product. And now, Altman is AI’s biggest advocate..
- Advertisers don’t want to use Grok. X employees are encouraging advertisers to use Grok, the platform’s AI chatbot, which is sarcastic but not exactly “woke.” What’s the problem? Advertisers aren’t really interested.
- It looks like Nvidia’s major suppliers want to join in the frenzy, too. Nvidia’s market value Its market capitalization hit $3 trillion after another astounding profit report last week. Now, its main semiconductor supplier, Taiwan Semiconductor Manufacturing Co. (TSMC), Suggesting price hike.
Three things in business
- “Friendly” scams are on the rise. Credit cards offer the ability to dispute a transaction in order to receive a refund. However, some customers, either accidentally or intentionally, Abusing perksThey claim that legitimate transactions were fraudulent, and in the process, they themselves are engaging in first-party fraud.
- Your manager is not your therapist. Gen Z is open to talking about their mental health, sometimes even at work. While it is important to eliminate the stigma around mental illness, placing too much emphasis on mental health in the workplace is also important. It doesn’t necessarily lead to better mental health.
- Amazon pulled out of its huge investment at the last minute. Amazon made a last-minute decision earlier this year to walk away from its investment in AI robotics startup Figuarts, two investors told BI. The startup is valued at $2.6 billionAmazon had once pledged to contribute $50 million, according to people familiar with the matter.
In other news
Today’s happenings
- Apple’s annual Worldwide Developers Conference (WWDC) is about to begin.
From the Insider Today team: Deputy editor and anchor Dan DeFrancesco in New York; editor Jordan Parker Erb in New York; managing editor Hallam Bullock in London; reporter George Glover in London; and associate producer Annie Smith in London.