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☆ Shopify has acqui-hired AI-driven analytics startup Peel Insights
▼ + stars: | 2024-05-10 | by ( Madeline Stone | ) www.businessinsider.com time to read: +2 min

Shopify has acquired the team working on analytics startup Peel Insights, the Canadian e-commerce giant confirmed Friday. Peel works primarily with Shopify merchants and can integrate with apps across their tech stack, including Klaviyo and Recharge. Peel's CEO and cofounder, Nicolas Grasset, is now a director of product at Shopify, according to his LinkedIn, and the Peel app is still available on the Shopify App Store. Related stories"With the Peel Insights team at Shopify, we can supercharge insights features for our millions of merchants," they said. In 2021, it brought on the team from AR startup Primer to work on AI and spatial computing at Shopify.

Persons: Shopify, Peel, Lerer Hippeau, Nicolas Grasset Organizations: Business, Eniac Ventures, Vinyl Capital, Peel Locations: Peel, Swedish, Triple

☆ How Apple's record $100 billion-plus stock buyback benefits shareholders
▼ + stars: | 2024-05-09 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Apple 's latest $110 billion stock buyback authorization is the granddaddy of them all — the biggest in corporate history. Assuming an average annual $100 billion buyback by the Club name going forward, we wanted to look at just how much that is worth to shareholders. With more records set for its installed base of active devices and services in Q2, Apple stock rose nearly 6% on Friday, the session following Thursday evening's release. The net cash position is important because Apple aims to be net cash neutral over time. At a valuation of 28 times earnings, we arrive at a share price of about $182 each, right around where it was trading Wednesday.

Persons: let's, Apple, Jim Cramer's, Jim Cramer, Jim, Gary Hershorn Organizations: Apple, Club, Vision, Vision Pro, CNBC, Corbis, Getty

☆ Apple believes that AI is the future
▼ + stars: | 2024-04-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Apple wanted all eyes to be on the Vision Pro when it launched. A report about AI chips coming to next-gen Macs helped boost Apple's stock by $112 billion. AdvertisementTwo months ago, Tim Cook was busy marking Apple's bold new vision of the future with the launch of expensive nerd goggles. Second, the future of the Vision Pro remains highly uncertain. Just don't expect the Vision Pro to steal the show in the same way a big AI reveal would.

Persons: —, Tim Cook, Bloomberg's Mark Gurman, Apple, Peter Kafka Organizations: Apple, Service, International Data Corporation, Publishing, Getty, Huawei, Apple's, Vision Locations: Cupertino, Shanghai, China

☆ Opinion: 25 years later, ‘The Matrix’ is less sci-fi than tech reality
▼ + stars: | 2024-03-30 | by ( Opinion Rizwan Virk | ) edition.cnn.com time to read: +11 min

In 2003, Oxford philosopher Nick Bostrom imagined a “technologically mature” civilization could easily create a simulated world. With simulated worlds far outnumbering the “real” world, the likelihood that we are in a simulation would be significantly higher than not. Remember, the simulations would be so good that you wouldn’t be able to tell the difference between a physical and a simulated world. Either the signals are being beamed directly into your brain, or we are simply AI characters inside the simulation. Already, millions of humans are chatting with AI characters, and millions of dollars are pouring into making AI characters more realistic.

Persons: Virk, X, CNN — It’s, ”, Lana, Lilly Wachowski, Philip K, Dick, Tessa, Morpheus, Laurence Fishburne, Keanu Reeves, Nick Bostrom, Elon Musk, Smith, Hugo Weaving, Carrie Ann, Moss, Musk, OpenAI, it’s, Reeves ’ Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Center for Science, CNN, Apple, Trinity Locations: zenentrepreneur.com, Oxford, Silicon, Silicon Valley

☆ World Wide Web turns 35: Tim Berners-Lee gives predictions for future
▼ + stars: | 2024-03-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

Tim Berners-Lee is credited with inventing the World Wide Web in 1989. These are just some of the predictions for the future of the web from the inventor of the World Wide Web, Tim Berners-Lee, on the 35th anniversary of its invention. Tim Berners-Lee Inventor, World Wide WebBerners-Lee got to continue working on his idea for this information sharing system, and by 1991, the World Wide Web was up and running. When Tim Berners-Lee started work on the World Wide Web 35 years ago, he had no idea it was about to become the ubiquitous force it is today. Tim Berners-Lee Inventor, World Wide Web

Persons: Tim Berners, Lee, Rita Franca, Berners, Fabrice Coffrini, of Berners, Robert Blumofe, Akamai, Blumofe, we'll, Sebastian Derungs, you'll, Chintan Patel, Patel Organizations: CERN, CNBC, AFP, Getty, Microsoft, Samsung, Galaxy, Massachusetts Institute of Technology, Google, Apple, Afp, Forte Ventures, Akamai, Glasswing Ventures, Cisco, Big Tech, Digital Markets Locations: Swiss, London, Berners, U.S

☆ Here's what it looks like when you hit the vape in an Apple Vision Pro
▼ + stars: | 2024-03-05 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +1 min

You can't get away with secretly hitting the vape during a FaceTime call using an Apple Vision Pro. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSo you've just purchased your $3,500 Apple Vision Pro, and you're ready to sit back, relax, and do some spatial computing while clandestinely hitting the vape. The Apple Vision Pro's "Personas" is the digital avatar it makes of your face for FaceTime video calls while you're jacked into the headset. (An update to the Personas feature made them look slightly better.)

Persons: that's, — Organizations: Apple Vision, Service, Apple, Business

☆ Google co-founder Sergey Brin says in rare public appearance that company 'definitely messed up' Gemini image launch
▼ + stars: | 2024-03-04 | by ( Jennifer Elias | ) www.cnbc.com time to read: +7 min

Brin, 50, spoke to entrepreneurs on Saturday at the "AGI House" in Hillsborough, California, just south of San Francisco, where developers and founders were testing Google's Gemini model. He also commented on the flawed launch last month of Google's image generator, which the company pulled after users discovered historical inaccuracies and questionable responses. Brin was also asked how online advertising will be disrupted considering ad revenue is core to Google's business. Bloomberg | Bloomberg | Getty Images“I of all people am not too terribly concerned about business model shifts,” Brin said. Beyond AI, Brin was asked about Google's difficulties in hardware given recent advancements in virtual reality.

Persons: Sergey Brin, Google David Paul Morris, Brin, ” Brin, “, Larry Page, He's, ”, Gemini, “ that’s, Prabhakar Raghavan, Google's, Sundar Pichai, Raghavan, Brin didn't, OpenAI's ChatGPT, Elon Musk's, Eric Schmidt, that’s, I'm Organizations: Google, Bloomberg, Getty, CNBC, Gemini, Google Inc, Allen & Co . Media, Technology Conference, Apple Vision Locations: Hillsborough , California, San Francisco, Sun Valley , Idaho, U.S

☆ There was a Vision Pro party in San Francisco — complete with people dancing and pinching the air
▼ + stars: | 2024-02-25 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

It's the latest example of people using the Vision Pro in public. Apple released the Vision Pro on February 2, billing it as an immersive "spatial computing" experience with both productivity and entertainment applications — and a $3,499 price tag. AdvertisementThe AI collective Cerebral Valley hosted an event to celebrate the release of the Vision Pro. AdvertisementNick Linck, founder of the Residency, a live-in fellowship for startup founders, shared a post on X showing two guests at a crowded dinner party wearing the Vision Pro. Reibman told The Standard that he has also seen people wearing the Vision Pro at several recent dinners.

Persons: It's, —, San Francisco aren't, partygoers, haven't, they've, Insider's Jordan Hart, Nick Linck, Linck, Reibman Organizations: Service, Apple, San Francisco Standard, Vision, Twitter Locations: San Francisco, California's, San Diego

☆ One reason the Vision Pro might be so expensive: 'mimetic desire'
▼ + stars: | 2024-02-20 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Rooted in philosophical thought, mimetic desire refers to the notion that people desire the same things that their role models want. In the context of the Vision Pro, that theory could mean consumers may be more likely to purchase the device because celebrities or influencers they admire own it. "If these people are models to you—which they are for many young people—mimetic desire kicks in and you subconsciously want a Vision Pro too." If you have an Apple Vision Pro, some photography tips. After all, the Oculus founder, who did not respond to BI's request for comment, said he believes the Vision Pro will eventually be cheaper for the masses.

Persons: —, Jason Levin, Levin, who've, YouTubers Logan Paul, Casey Neistat, Kid Cudi, Robert Scoble, Sam Altman, bB0XTzJ291, Palmer Luckey, Luckey, Apple, would've, It's, Tesla, Elon Musk, Apple didn't Organizations: Service, Business, Vision, Apple Vision, Apple, Pro

☆ These Apple Vision Pro buyers are returning their headsets — and this is why
▼ + stars: | 2024-02-13 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Read previewWhen the Apple Vision Pro hit the market on February 2nd, would-be fans lined up at the break of dawn to test the mixed-reality headset at their local Apple Stores. One major reason Vision Pro customers say they want a refund: its seemingly clunky design. Some Redditors who claim to be returning the Vision Pro also referenced how uncomfortable it is to wear the headset. Disappointment in the headset's vision quality is another gripe expressed by Vision Pro customers. AdvertisementThat is, if the Vision Pro ever gets cheaper.

Persons: —, they're, Farzad Mesbahi, Mesbahi, Collin Michael, he's, Michael, Apple, Kane Sutter, Matt Schneider, Apple didn't, Sutter Organizations: Service, Apple Vision, Apple Stores, Business, Twitter, Apple, Vision, Vision Pro, YouTube, Pro

☆ Apple calls its Vision Pro a ‘spatial computer’—here’s what that means
▼ + stars: | 2024-02-08 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Think of "spatial computing" as an umbrella term that refers to merging the digital world with the physical world in a seamless way. Instead, Apple refers to the Vision Pro as a "spatial computer." If you're in the U.S. and have an extra $3,500 lying around, you can now get Apple's latest gadget, the Vision Pro — but don't call it a virtual reality headset. While both augmented reality and virtual reality fall under the spatial computing umbrella, the two terms refer to different user experiences. Apple is positioning the Vision Pro as a full-on computer that could work as an alternative to your desktop or laptop, instead of a device that's mainly used for entertainment, he adds.

Persons: Apple, Louis Rosenberg, Rosenberg, they're Organizations: Apple, Vision, CNBC Locations: U.S

☆ Hainan Airlines is handing out Rokid AR glasses for in-flight entertainment
▼ + stars: | 2024-02-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

A passenger tries out a pair of Rokid AR glasses on a Hainan Airlines flight in China. BEIJING — Hainan Airlines this week started letting passengers on some routes use Rokid's augmented reality glasses for free for in-flight entertainment, the tech startup announced Thursday. Chinese start-up Rokid claimed it's the first time AR glasses — which allow computer-generated images to be superimposed on the real world — have been used at scale on flights. The device allows wearers to see the real world using what the company calls "spatial computing" technology. He claimed Rokid was in talks "with lots of airlines" for similar partnerships, including at least one major international operator.

Persons: Rokid, Misa Zhu, Zhu, wasn't Organizations: Hainan Airlines, CNBC Locations: China, BEIJING, Hainan

☆ Don't forget your Apple Vision Pro password or else
▼ + stars: | 2024-02-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Read previewDid you forget the passcode to your Apple Vision Pro? "Is there a method to reset the Vision Pro when the login password is forgotten?" Apple didn't immediately respond when asked if a future software update would allow Vision Pro users to reset their passcode on their own. These issues with the Vision Pro appear to be the first ones that have come to light since Apple's splashy release. AdvertisementAround 200,000 Vision Pro headsets were reportedly sold when preorders opened in mid-January.

Persons: —, Reddit, Apple didn't, Insider's, Jordan Hart, preorders Organizations: Service, Apple Vision, Apple, Bloomberg, Business, Vision, Pro

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, UPS, Disney, UBS, Broadcom, Palantir, Tyson & more
▼ + stars: | 2024-02-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Deutsche Bank initiates Flywire as buy Deutsche said it sees an attractive entry point for the payments company. " "We are initiating coverage of Sprinklr with a Buy rating and a $16 price target. UBS upgrades UPS to buy from neutral UBS said in its upgrade of the stock that it sees "attractive EPS growth." Deutsche Bank reiterates Disney as buy Deutsche said it's sticking with its buy rating on Disney heading into earnings on Wednesday. "We are downgrading TSLA stock rating to 3/Neutral from 2/Outperform as we see corporate governance concerns aggravating already tough financial conditions in 2024."

Persons: Rosenblatt, Sprinklr, Bernstein, Tesla, underperform Bernstein, Morgan Stanley, Apple, it's bullish, Daiwa, Piper Sandler downgrades Chegg, Piper, Myers, Redburn, Northcoast, JPMorgan Organizations: Deutsche Bank, Li Auto, Deutsche, Education, Healthcare, UBS, Disney, OI, company's, Tesla, JPMorgan, Broadcom, Bank of America, Tyson Foods, underperform Bank of America, Citi, UFC, WWE, Global Locations: McDonald's, PLTR

☆ Jim Cramer says Apple’s new Vision Pro headset just went from ‘boutique to upside surprise’
▼ + stars: | 2024-02-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

The future for Apple's Vision Pro looks promising despite Wall Street's muted enthusiasm. Wall Street doesn't expect the Vision Pro to drive a ton of revenue at first though. Bank of America estimates the Vision Pro could add 46 cents per share to earnings-per-share (EPS) within the next five years. "We tested the Vision Pro and walked away positively from the overall extremely unique and immersive experience," BofA analysts wrote in a Monday research note. While it'll take time, the Vision Pro has the potential to boost sales and earnings in the future.

Persons: Jim Cramer, Todd Haselton, Morgan Stanley, Apple's, It's, Jim, Haselton, Chi Kuo, preorders, Kuo, Apple, Jim Cramer's, Tim Cook, Brendan McDermid Organizations: Apple's, UBS, Bank of America, Vision, Apple, Pro, Hollywood, Apple Watch, International Securities, Vision Pro, CNBC Locations: U.S, Manhattan, New York City

☆ Cracking open the $3,500 Vision Pro shows just how much tech Apple crammed into it
▼ + stars: | 2024-02-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Want to know what's inside the Apple Vision Pro but don't want to break yours open? NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Apple Vision Pro launched in the US on Friday, and we've already seen plenty of photos, videos, and reviews of its exterior features. AdvertisementFortunately, a new video from the tech repair experts at iFixit offers an inside look at the cogs and gears inside the headset. Check out iFixit's teardown of the Vision Pro here:

Persons: iFixit, —, we've Organizations: Apple, Service, Vision Pro, iFixit

☆ Here's why Apple stock is still worth holding despite Wall Street's shortsightedness
▼ + stars: | 2024-02-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.

Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles

☆ The Apple Vision Pro is blowing users away during their demos. But there's one issue.
▼ + stars: | 2024-02-02 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

🥹🥹🥹 what a day can’t believe Vision Pro is out pic.twitter.com/p0JCkuZ7Z1 — Linda Dong 🥽 (@lindadong) February 2, 2024The excitement grew as Apple Store visitors tried the Vision Pro. AdvertisementWent to Apple Store to do the Vision Pro demo and I can’t articulate what exactly I just saw. @peach.mcintyre COME WITH PEACH 🍑 TO THE APPLE STORE TO DO A FREE DEMO OF THE APPLE VISION PRO: APPLE PRO REVIEW ♬ original sound - Peach.McIntyreBut not everyone expressed total enthusiasm for the headset. Opinions on the weight of the Apple Vision Pro — which some early testers complained crushed their face — varied. Whether or not those who demoed the Vision Pro in-store ended up purchasing their own, customer interest in Apple's flashy product seems to be strong.

Persons: —, techies, Du, flo o, Hal l, arie, ava Organizations: Service, Vision, Apple, Business Locations: SION, sion

“We can't wait for people to experience the magic,” Apple CEO Tim Cook gushed Thursday while discussing the Vision Pro with analysts. If that happens with the Vision Pro, references to spatial computing could become as ingrained in modern-day vernacular as mobile and personal computing — two previous technological revolutions in technology that Apple played an integral role in creating. Photos You Should See View All 45 ImagesSo what is spatial computing? On the work side of things, videoconferencing service Zoom and other companies that provide online meeting tools have built apps for the Vision Pro, too. Although it might be heralded as a breakthrough if Apple realizes its vision with Vision Pro, the concept of spatial computing has been around for at least 20 years.

Persons: Apple's, “, ”, Tim Cook, Cathy Hackl, ” Hackl, hasn't, Simon Greenwold, Greenwold, Tom Cruise, “ It's Organizations: FRANCISCO, Apple, ” Apple, Vision, Netflix, YouTube, Google, Pro, Massachusetts Institute of Technology

☆ Microsoft's full set of Office apps will be available on Apple's Vision Pro — including the company's new AI assistant, Copilot
▼ + stars: | 2024-02-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Microsoft is bringing a full suite of Office apps to Apple's Vision Pro. AdvertisementMicrosoft is bringing a full suite of Office apps to Apple's Vision Pro. The tech giant said programs including Microsoft Word, Excel, and PowerPoint would be available on Apple's new tech on its launch day. In a blog post, the company also said its new everyday AI companion, Copilot, would be available for users. Microsoft, however, is making all its productivity apps, including its workplace platform Teams, available for Apple users.

Persons: —, Preorders, TF International Securities analyst Ming, Chi Kuo Organizations: Microsoft, Vision, Service, Apple, Apple Vision, TF International Securities analyst, Netflix

☆ Tim Cook has finally been photographed wearing Apple's new face computer
▼ + stars: | 2024-02-01 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

Apple CEO Tim Cook has finally been photographed with the Vision Pro strapped to his head. It's a notable moment since Cook and other Apple execs were not previously seen wearing the headset. AdvertisementTim Cook has finally been photographed wearing Apple's new face computer, the Vision Pro, as part of a Vanity Fair cover story. 🔗: https://t.co/IOZfM6YsNx pic.twitter.com/HBzKGsV8BL — VANITY FAIR (@VanityFair) February 1, 2024It's a notable moment given that Cook and other Apple executives were noticeably not photographed wearing the headset when it was announced in June, nor in the time since. With a price tag of $3,499, the Vision Pro arrives in stores on Friday and comes with 256GB of internal storage.

Persons: Tim Cook, It's, Cook, —, “, @NickBilton, @Tim_Cook, ince, eason Organizations: Apple, Vision, Service, @Apple Locations: ife

The modest revenue growth announced Thursday as part of Apple’s October-December results ended four consecutive quarters of year-over-year sales declines. As usual, the iPhone accounted for the bulk of Apple’s revenue. Apple’s services division, which is tied largely to the iPhone, posted an 11% rise in revenue from the previous year to $23.12 billion. Both the revenue and earnings for the quarter exceeded analysts’ projections, according to FactSet Research. But investors appeared unimpressed with the showing as Apple’s stock price dropped 2% in extended trading after the numbers came out.

Persons: Apple Organizations: FRANCISCO, Apple, Microsoft, Vision, Research Locations: Cupertino , California

☆ The two key updates in Apple's earnings that sellers of the stock are overlooking
▼ + stars: | 2024-02-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Cash flow and capital allocation In its June quarter, Apple generated operating cash flow and free cash flow results that handily exceeded Street expectations. The Mac's return to growth is also notable, especially given the shorter quarter, indicating a significant acceleration in growth versus the September quarter. In services, sales advanced 11% year over year on the back of double-digit growth in paid subscriptions. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Tim Cook, Cook, Apple, Siri, we're, it's, Luca Maestri, We've, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Apple, Vision, CNBC, Apple Vision, Getty Locations: China, Malaysia, Mexico, Philippines, Poland, Turkey, India, Indonesia, Saudi Arabia, Chile, Kantar, U.S, Japan, Australia

☆ Alibaba-backed Xreal, rival to Apple's Vision Pro, claims it's now an AR glasses unicorn
▼ + stars: | 2024-01-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

That valuation gives the startup unicorn status, the first in the AR glasses industry, Xreal claimed. Augmented reality (AR) technology allows digital images to be imposed over the real world. Xreal's latest AR glasses model, the Air 2 Ultra, is set to start shipping in March. On Jan. 8, Xreal said it had shipped 350,000 AR glasses since the company was launched in 2017. The startup said it plans to use the latest funding for research and development, as well as factory expansion.

Persons: Xreal, — CNBC's Arjun Kharpal Organizations: Xreal, Air, Vision Locations: BEIJING, U.S

☆ Silicon Valley literally wants to get into your head — any way it can
▼ + stars: | 2024-01-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

A look at the Neuralink brain chip. Apple is set to launch its Vision Pro headset on Friday in what it describes as its big foray into "spatial computing." That space is essentially your head, with the Vision Pro built to create a canvas that emerges before your eyes while you wear it. question, the Vision Pro is also a response to the growing suite of headgear that Mark Zuckerberg has been creating at Meta. Products include the mixed reality Meta Quest Pro and Meta Quest 3, which, like the Vision Pro, are designed to be worn over your head.

Persons: —, they've, Elon Musk, Musk, Neuralink's, Stephen Hawking, Neuralink, Mark Zuckerberg Organizations: Service, Business, Samsung, IDC, Welfare, China's Ministry of Industry, Information Technology, stoke, Apple, Meta, Products, company's Locations: Silicon, Neuralink's

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