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Nvidia rocketed to the top of the tech industry by providing the computer chips essential to building artificial intelligence. By the end of last year, it had more than a 90 percent share of those chips sold around the world. Nvidia wasn’t ready for the attention, and is now racing to build the staffs and offices needed to respond. Just last year, Nvidia started searching for an office in Washington and hired four public policy employees. And it has begun developing a strategy to respond to government interest.
Persons: Nvidia rocketed, Nvidia wasn’t Organizations: Nvidia, European Union Locations: Britain, China, Washington
Nvidia shares tumbled more than 10 percent in early trading on Monday after reports that the company would delay shipments of its newest artificial intelligence chip, but the stock later rebounded as investors’ concerns about the costs of the delay faded. The Information, a tech news outlet, reported on Friday that Nvidia would be shipping its latest graphics processing unit, or GPU, which make it possible to create A.I. Nvidia said in a statement that production for the chip, which is called Blackwell, was on track for later this year and added that customer orders and interest were high. That expansion means that Nvidia chips will be in demand, he said. “Nvidia’s competitive window is so large right now that we don’t think a three-month delay will cause significant share shifts,” Mr. Rasgon said.
Persons: Blackwell, Stacy Rasgon, Bernstein, , Mr, Rasgon Organizations: Nvidia, Microsoft
Signs of a slowing U.S. economy sowed panic among investors on Monday, with a sell-off in markets that began last week turning into a global rout. The moves were a sharp reversal in major stock markets, which for much of the past year have risen to new heights, propelled by optimism about cooling inflation, solid labor markets and the promise of artificial intelligence technology. South Korea’s benchmark Kospi index fell more than 10 percent at one point. Japanese stocks have been on a tear for more than a year, fueled by a weak Japanese yen. Adding to the pressure, foreign investors have started selling off positions in Japanese stocks over the last few weeks.
Persons: , Andrew Brenner, Goldman Sachs, Goldman, Jordi Basco Carrera, , Basco Carrera, Jitters, Jesper Koll, Koll, John Liu, Melissa Eddy Organizations: Federal, Nasdaq, National Alliance Securities, Equity, Technology, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, Nvidia, Intel, Allianz, Monex, Bank of Japan, Tokyo Stock Exchange Locations: Asia, Europe, Americas, Japan, U.S, Taiwan, Singapore, Australia, Hong Kong, China, Stocks, India, Netherlands, Switzerland, New York, Munich, , New, Seoul, Berlin
The Apple of One Business Reporter’s Eye
  + stars: | 2024-07-31 | by ( Josh Ocampo | ) www.nytimes.com   time to read: +1 min
Tripp Mickle, however, focuses on just one company: Apple. Despite having a specific beat, Mr. Mickle’s work still finds a wide audience. “It’s this incredible company that has such influence in our lives,” Mr. Mickle said in an interview. “And it’s a fortress of secrecy.”Before writing for The Times, he dabbled in other topics, including NASCAR for Sports Business Journal, and the tobacco and alcohol industries for The Wall Street Journal. It was during his time at The Journal that Mr. Mickle decided to take a bite of the Apple beat.
Persons: Tripp Mickle, there’s, Mickle, Mickle’s, , ” Mr Organizations: Apple, Business, The New York Times, The Times, NASCAR, Sports Business, Wall Street Locations: California, Glen Park, San Francisco
But the team was uncertain about how, so it turned to Boston Consulting Group for help. Reckitt’s request was one of hundreds that Boston Consulting Group received last year. It now earns a fifth of its revenue — from zero just two years ago — through work related to artificial intelligence. “There’s a genuine thirst to figure out what are the implications for their businesses,” said Vladimir Lukic, Boston Consulting Group’s managing director for technology. The next big boom in tech is a long-awaited gift for wonky consultants.
Persons: ChatGPT, , , Vladimir Lukic Organizations: Boston Consulting Group, Boston Consulting, McKinsey & Company, IBM, Accenture
Apple is imposing unfair restrictions on developers of applications for its App Store in violation of a new European Union law meant to encourage competition in the tech industry, regulators in Brussels said on Monday. The charges further escalated a tussle between Apple, which says its products are designed in the best interest of customers, and E.U. regulators, who say the company is unfairly using its size and considerable resources to stifle competition. Apple is the first company to be charged for violating the Digital Markets Act, a law passed in 2022 that gives European regulators wide authority to force the largest “online gatekeepers” to change their business practices. regulators said Apple was putting unlawful restrictions on companies that make games, music services and other applications.
Persons: Apple Organizations: Apple, European Union, Digital Markets Locations: Brussels, E.U
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Organizations: The
On Today’s Episode:Netanyahu Criticizes the U.S. For Holding Up Some Weapons Deliveries, by The New York TimesU.S. Pier for Gaza Aid Is Failing, and Could Be Dismantled Early, by Helene Cooper and Eric SchmittNvidia Becomes Most Valuable Public Company, Topping Microsoft, by Tripp Mickle and Joe RennisonCalifornia Joins Growing National Effort to Ban Smartphone Use in Schools, by Shawn Hubler
Persons: Netanyahu, Helene Cooper, Eric Schmitt Nvidia, Topping, Tripp Mickle, Joe Rennison, Shawn Hubler Organizations: The New York Times U.S, Public Company, Topping Microsoft Locations: Pier, Gaza, Joe Rennison California
Move over, Microsoft and Apple. On Tuesday, Nvidia leapfrogged two of tech’s most storied names to become the world’s most valuable public company, according to data from S&P Global. Just two years ago, the company’s market valuation was over $400 million. Now, in the span of a year, it has gone from $1 trillion to more than $3 trillion. Microsoft and Apple both fell, ending the day trailing the Silicon Valley chip maker.
Persons: Jensen Huang Organizations: Microsoft, Apple, Nvidia, P
Apple Entered the A.I. Fray
  + stars: | 2024-06-10 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
After lagging behind its rivals in the artificial intelligence race for the last two years, Apple today announced that its smartphones would soon feature several tools powered by generative A.I. Apple’s A.I. system will offer a rebuilt version of Siri that the company said will be capable of following a conversation. Apple struck a deal with the company to support its A.I. Apple’s move will test whether the tech giant can once again enter a new market and redefine it — as it did with the iPod, the iPhone and the Apple Watch.
Persons: Apple’s, Siri, Apple, , Tripp Mickle, Tripp Organizations: Apple, Apple Watch
Apple Jumps Into A.I. Fray With Apple Intelligence
  + stars: | 2024-06-10 | by ( Tripp Mickle | ) www.nytimes.com   time to read: +1 min
Nearly two years after OpenAI ignited a race to add generative artificial intelligence into products, Apple jumped into the competition on Monday, with plans to bring the technology to more than a billion iPhone users around the world. Early into a two-hour presentation from its futuristic Silicon Valley campus, Apple revealed that it would be using generative A.I. to power what it is calling Apple Intelligence. features, Apple emphasized how it planned to integrate the technology into its products with privacy in mind. For complex requests, it has created cloud network with Apple semiconductors that, it said, is more private because it’s not stored or accessible, even by Apple.
Persons: Siri, Apple Organizations: Apple, Apple Intelligence
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Organizations: New York Times
Each June, Apple unveils its newest software features for the iPhone at its futuristic Silicon Valley campus. What will be different this time is the technology powering Siri: generative artificial intelligence. In recent months, Adrian Perica, Apple’s vice president of corporate development, has helped spearhead an effort to bring generative A.I. companies, including Google and OpenAI, seeking a partner to help Apple deliver generative A.I. Apple recently struck a deal with OpenAI, which makes the ChatGPT chatbot, to fold its technology into the iPhone, two people familiar with the agreement said.
Persons: Siri, Adrian Perica, Perica Organizations: Apple, Google, OpenAI
Days before gadget reviewers weighed in on the Humane Ai Pin, a futuristic wearable device powered by artificial intelligence, the founders of the company gathered their employees and encouraged them to brace themselves. Humane’s founders, Bethany Bongiorno and Imran Chaudhri, were right. In April, reviewers brutally panned the new $699 product, which Humane had marketed for a year with ads and at glitzy events like Paris Fashion Week. The Ai Pin was “totally broken” and had “glaring flaws,” some reviewers said. Other potential buyers have emerged, though talks have been casual and no formal sales process has begun.
Persons: Ai Pin, Bethany Bongiorno, Imran Chaudhri, Humane Organizations: HP, Tidal Partners
Days before OpenAI demonstrated its new, flirty voice assistant last week, the actress Scarlett Johansson said, Sam Altman, the company’s chief executive, called her agent and asked that she consider licensing her voice for a virtual assistant. It was his second request to the actress in the past year, Ms. Johannson said in a statement on Monday, adding that the reply both times was no. Despite those refusals, Ms. Johansson said, OpenAI used a voice that sounded “eerily similar to mine.” She has hired a lawyer and asked OpenAI to stop using a voice it called “Sky.”OpenAI suspended its release of “Sky” over the weekend. The company said in a blog post on Sunday that “AI voices should not deliberately mimic a celebrity’s distinctive voice — Sky’s voice is not an imitation of Scarlett Johansson but belongs to a different professional actress using her own natural speaking voice.”
Persons: OpenAI, Scarlett Johansson, Sam Altman, Johannson, Johansson, ” OpenAI,
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Apple desperately needs its Next Big Thing
  + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com   time to read: +10 min
But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.
Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia
Apple’s top software executives decided early last year that Siri, the company’s virtual assistant, needed a brain transplant. The decision came after the executives Craig Federighi and John Giannandrea spent weeks testing OpenAI’s new chatbot, ChatGPT. Introduced in 2011 as the original virtual assistant in every iPhone, Siri had been limited for years to individual requests and had never been able to follow a conversation. The realization that new technology had leapfrogged Siri set in motion the tech giant’s most significant reorganization in more than a decade. race, Apple has made generative A.I.
Persons: Siri, Craig Federighi, John Giannandrea Organizations: Apple Locations: San Francisco, New York
Apple doesn’t make mistakes often and seldom apologizes, but on Thursday, its head of advertising said the company had erred in making a new iPad commercial that showed an industrial compressor flattening tools for art, music and creativity. “Creativity is in our DNA at Apple, and it’s incredibly important to us to design products that empower creatives all over the world,” said Tor Myhren, the company’s vice president of marketing communications, in a statement provided to the publication AdAge. “Our goal is to always celebrate the myriad of ways users express themselves and bring their ideas to life through iPad. We missed the mark with this video, and we’re sorry.”Mr. Myhren said Apple would no longer run the ad on TV. They found the crushing of a trumpet, piano, paints and a sculpture particularly unnerving at a time when artists fear that generative artificial intelligence, which can write poetry and create movies, might take away their jobs.
Persons: , Tor Myhren, Mr, Myhren Organizations: Apple, Big Tech
Then the industrial compressor flattens a row of paint cans, buckles a piano and levels what appears to be a marble bust. In a final act of destruction, it pops the eyes out of a ball-shaped yellow emoji. When the compressor rises, it reveals Apple’s latest commodity: the updated iPad Pro. Tim Cook, Apple’s chief executive, posted the advertisement, called “Crush,” on Tuesday after the company held an event to announce new tablets. “Meet the new iPad Pro: the thinnest product we’ve ever created,” Mr. Cook wrote, adding, “Just imagine all the things it’ll be used to create.”
Persons: Tim Cook, , Mr, Cook
Apple said sales fell 4 percent to $90.8 billion for the three months that ended in March. Revenue from iPhones, iPads and wearables like the Apple Watch declined from the same quarter last year, while sales of software and services rose. Apple’s struggles were most worrisome in China, the world’s second-largest smartphone market, where sales fell 8 percent. Last quarter, Apple’s share of smartphones sold in China fell 4 percent, according to Counterpoint, a technology research firm. Shares of Apple rose 6.5 percent because the results slightly exceeded Wall Street predictions for quarterly sales and profit and were better in China than feared.
Persons: Apple’s, Trump Organizations: Apple, Justice Department, Revenue, Apple Watch, Huawei Locations: iPhones, China
Since mid-March, the financial pressure on several signature artificial intelligence start-ups has taken a toll. Inflection AI, which raised $1.5 billion but made almost no money, has folded its original business. Stability AI has laid off employees and parted ways with its chief executive. And Anthropic has raced to close the roughly $1.8 billion gap between its modest sales and enormous expenses. “You can already see the writing on the wall,” said Ali Ghodsi, chief executive of Databricks, a data warehouse and analysis company that works with A.I.
Persons: Anthropic, , Ali Ghodsi Organizations: Google, Microsoft, Meta, A.I Locations: Silicon Valley
Apple said it pulled the Meta-owned apps WhatsApp and Threads from its app store in China on Friday on government orders, potentially escalating the war over technology between the United States and China. The House of Representatives was preparing to vote on a bill as soon as this weekend that would force the Chinese internet company ByteDance to sell its popular video app TikTok or have it be banned in the United States. U.S. lawmakers have said TikTok poses a security threat because of its ties to China. Apple said that China’s internet regulator, the Cyberspace Administration, ordered the removal of WhatsApp and Threads from its app store because of national security concerns. “We are obligated to follow the laws in the countries where we operate, even when we disagree,” an Apple spokesman said.
Persons: Apple Organizations: U.S, Cyberspace Administration, Apple Locations: China, United States
Alphabet, Apple and Meta were told by European Union regulators on Monday that they were under investigation for a range of potential violations of the region’s new competition law. The law requires Alphabet, Apple, Meta and other tech giants to open up their platforms so smaller rivals can have more access to their users. The investigations center on whether Apple and Alphabet, the parent company of Google, are unfairly favoring their own app stores to box out rivals. Meta will be questioned about a new ad-free subscription service and the use of data for selling advertising. The European Commission, the European Union’s executive arm, can fine the companies up to 10 percent of their global revenue, which for each runs into the hundreds of billions of dollars each year.
Organizations: Meta, European Union, Apple, Google, European Commission
For years, Apple dominated the market for high-end smartphones in China. But evidence is mounting that, for many in China, the iPhone no longer holds the appeal it used to. Meanwhile, sales for one of Apple’s longstanding Chinese rivals, Huawei, surged 64 percent. Analysts say its latest product, a $3,500 virtual reality headset released in February, is still years away from gaining mainstream appeal. For a decade, China has been the iPhone’s most important market after the United States and accounted for roughly 20 percent of Apple’s sales.
Organizations: Apple, Research, Huawei, Analysts Locations: China, U.S, United States, Beijing
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