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☆ Chipmaker Intel restructures manufacturing business
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Intel Corp (INTC.O) said on Wednesday its manufacturing business will work like a separate unit and will begin to generate a margin, but gave no clear timeline on when it will start scaling up, sending the chipmaker's shares down about 5%. The company also did not name a new external customer for the business as part of its foundry services, a key element of Intel's turnaround plans wherein it will offer its manufacturing services to other companies including its competitors. Intel's internal business units will now have a customer-supplier relationship with the manufacturing business, Chief Financial Officer David Zinsner said on an investor call. Based on that model, Intel will be the second largest foundry next year with manufacturing revenue of more than $20 billion, he said. "The presentation essentially tells investors that its current manufacturing is sub-scale and could remain sub-scale for a while," Chan added.

Persons: David Zinsner, Kinngai Chan, Chan, Chavi Mehta, Maju Samuel Organizations: Intel Corp, Intel, Taiwan Semiconductor Manufacturing, Thomson Locations: Bengaluru

☆ 'Dahmer' producer Ryan Murphy plans to leave Netflix for Disney, Bloomberg reports
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - Hit television writer and producer Ryan Murphy is planning to leave Netflix (NFLX.O) to join Walt Disney (DIS.N), Bloomberg News reported on Tuesday, citing people familiar with the matter. Murphy is known for his creation of hits from "Glee" to "9-1-1" and "American Horror Story" and serial-killer series "Dahmer - Monster: The Jeffrey Dahmer Story," which became one of Netflix's most-watched series of all time. He left Fox in 2018 to join Netflix in a five-year deal valued as high as $300 million to produce a new series and film exclusively for the online giant. The TV show creator has been negotiating a new deal with Disney over the past year. Disney and Netflix did not immediately respond to Reuters' requests for comment.

Persons: Ryan Murphy, Murphy, Dahmer, Jeffrey Dahmer, Carol Burnett, Burnett, Ellen DeGeneres, Norman Lear, Samrhitha, Maju Samuel Organizations: Netflix, Walt Disney, Bloomberg, Fox, Disney, Hollywood Foreign Press Association, Golden Globes, Thomson Locations: Bengaluru

☆ Meta's social media apps back up after outage
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

June 16 (Reuters) - Meta Platforms (META.O) said on Friday services on its social media apps Facebook and Instagram were restored, more than two hours after an outage that affected thousands of users. At one point, nearly 20,000 users in total said they were having trouble accessing Facebook and Instagram and Meta's messaging service WhatsApp, according to outage-tracking website Downdetector.com. Outage reports had come down to less than 500 as of 6:30 p.m. Issues with Meta's Ads Manager, the advertising tool that lets brands buy and create Facebook ads, were also resolved, the company said. Reporting by Niket Nishant and Samrhitha Arunasalam in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Niket Nishant, Maju Samuel Organizations: Thomson Locations: Bengaluru

☆ Meta says aware of issues with advertising tool
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

June 16 (Reuters) - Meta Platforms (META.O) on Friday said it was aware of issues with its Ads Manager, its advertising tool that lets brands buy and create Facebook ads. "Our engineering teams are aware and are actively looking to resolve the issue as quickly as possible," Meta said on its status page. More than 15,000 users in total said they were having trouble accessing Facebook, Instagram and WhatsApp, according to Downdetector. "We're aware that some people are having trouble accessing our products. We're working to get things back to normal as quickly as possible, and we apologize for any inconvenience," a Meta spokesperson said.

Persons: Meta, Downdetector.com, Niket Nishant, Maju Samuel Organizations: Thomson Locations: Bengaluru

☆ Spirit Aerosystems, workers reach tentative four-year labor pact
▼ + stars: | 2023-06-16 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

June 16 (Reuters) - Spirit Aerosystems (SPR.N) has reached a tentative four-year contract agreement with the 6,000-member machinists union employed at its Wichita, Kansas plant, the union said Friday in a statement. "This fair and competitive contract recognizes the important contributions of our factory employees and ensures that Spirit can successfully meet increasing demand for aircraft from customers," Spirit Aerosystems said in an emailed statement. A slowdown could have impeded Boeing as it tries to recover from ongoing 737 and 787 production glitches. A stoppage could have also had a detrimental effect on already-fragile Spirit AeroSystems, which has been responsible for several recent production flaws affecting Boeing jets, including a 737 bracket installation problem. In May, Spirit said it expects cash burn of about $100 million to $150 million in 2023.

Persons: Aerosystems, ”, Spirit, Valerie Insinna, Kannaki, David Gaffen, Deepa Babington, Maju Samuel Organizations: Boeing, International Association of Machinists, Aerospace Workers, Thomson Locations: Wichita , Kansas, Wichita

☆ Fed, SEC probing Goldman Sachs' role in Silicon Valley Bank's final days - WSJ
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

Silicon Valley Bank had booked a $1.8 billion loss on the sale of a bond portfolio to Goldman. "SVB engaged Goldman Sachs to assist with a proposed capital raise and sold the firm a portfolio of securities. Goldman had disclosed last month it was cooperating with government probes into its dealings with Silicon Valley Bank. In March, Reuters reported U.S. prosecutors were investigating the collapse of Silicon Valley Bank. Silicon Valley Bank's demise sent shockwaves through the industry and brought on the worst crisis for the sector in 15 years.

Persons: Goldman Sachs Group's, SVB, Goldman Sachs, Goldman, shockwaves, Niket, Saeed Azhar, Chris Prentice, Krishna Chandra Eluri, Maju Samuel Organizations: U.S . Federal Reserve, Securities and Exchange Commission, Silicon Valley Bank, Wall Street, Bank, Goldman, Reuters, Fed, SEC, Thomson Locations: Silicon, Bengaluru, New York

☆ SK Signet to launch EV chargers with Tesla's charging standard
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

June 15 (Reuters) - Electric-vehicle (EV) charger maker SK Signet (260870.KN) said on Thursday it was adding products compatible with the North American Charging Standard (NACS), after major U.S. automakers Ford (F.N) and GM (GM.N) said they were adopting Tesla's (TSLA.O) model of charging. Electric vehicle charging companies are cautiously embracing Tesla's charging technology as the main U.S. standard, as they are in danger of losing out on customers if they offer only the Combined Charging System (CCS). Earlier this week, EV charging equipment makers Blink Charging (BLNK.O), ChargePoint (CHPT.N) and Tritium (DCFC.O) said they will offer chargers with Tesla's connector. The White House aims to spur deployment of hundreds of thousands of chargers, which it sees as integral to EV adoption. SK Signet will continue to provide customers with the option of other widely used standards for EV charger connections, including the CCS, CHAdeMO and the Megawatt Charging System.

Persons: Samrhitha, Maju Samuel Organizations: SK Signet, American, U.S, Ford, GM, South Korea's SK Group, EV, Tesla, CCS, CHAdeMO, Thomson Locations: U.S, South, Bengaluru

☆ Factbox: Layoffs pick up pace in Canada as Bell cuts 1,300 roles
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: 1 min

June 15 (Reuters) - Canadian companies across industries have laid off thousands in recent months as a post-pandemic spending splurge fades and rising interest rates fan fears of a possible recession. The cuts mirror the tens of thousands of layoffs seen in the United States, where major companies such as Meta Platforms (META.O) have carried out multiple rounds of retrenchment. Here are some of the job cuts in Canada in recent months:Reporting by Tiyashi Datta and Jaspreet Singh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Tiyashi Datta, Jaspreet Singh, Maju Samuel Organizations: Thomson Locations: United States, Canada, Bengaluru

☆ Oracle cuts hundreds of jobs, rescinds job offers in its health unit - Insider
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

June 15 (Reuters) - Software firm Oracle (ORCL.N) on Thursday laid off hundreds of employees, rescinded job offers and cut back open positions within its health unit, the Insider reported, citing three people familiar with the matter. The layoffs follow thousands of cuts in corporate America as companies wrestle with elevated levels of inflation and rising interest rates. Oracle's health unit includes electronic medical records firm Cerner which it acquired for $28.3 billion, its biggest ever deal, in December last year. The layoffs were largely due to Cerner's challenged work with the U.S. Department of Veterans Affairs, which hired Cerner to replace its homemade medical records with Cerner's technology, the report said. Reporting by Kannaki Deka and Samrhitha Arunasalam in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Cerner's, Cerner, Kannaki Deka, Maju Samuel Organizations: Software, Oracle, U.S . Department of Veterans Affairs, Thomson Locations: America, Bengaluru

☆ Unilever to scoop up frozen yogurt brand Yasso
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: 1 min

June 14 (Reuters) - Unilever (ULVR.L) said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry's, Magnum, and Talenti. The consumer goods giant said its acquisition of Boulder, Colorado-based Yasso falls in line with its strategy to upscale the ice cream division and cater to rising demand for healthier snack options. Unilever did not disclose financial details related to the deal, which is set to close in the third quarter of 2023. Reporting by Rishabh Jaiswal in Bengaluru and Abigail Summerville in New York; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerry's, Rishabh, Abigail Summerville, Maju Samuel Organizations: Unilever, Holdings, Ben, Thomson Locations: North America, Boulder , Colorado, Bengaluru, New York

During the streak, Tesla shares rose by more than 40%, boosting its market value to roughly $814 billion. The rally was kicked off by news of the adoption of Tesla's charging system by legacy U.S. automakers Ford (F.N) and General Motors (GM.N). Wedbush compared Tesla's share gains to Amazon, which for years defied many investor expectations that its stock would eventually fall. Tesla shares slumped in 2022, losing 65% of their value, and helping the shorts make a mint. The 13-day rally cost short sellers more than $7 billion in mark-to-market losses, taking year-to-date losses to nearly $12.7 billion, according to S3 Partners.

Persons: Tesla, Chavi Mehta, Aditya Soni, David Gaffen, Maju Samuel Organizations: Toyota, U.S, Ford, General Motors, America, Wall Street, Wedbush Securities, Amazon.com, GM, S3 Partners, Thomson Locations: U.S, Bengaluru

☆ Charles Schwab forecasts up to 11% drop in second-quarter revenue
▼ + stars: | 2023-06-14 | by ( Sri Hari N S | ) www.reuters.com time to read: +2 min

June 14 (Reuters) - Charles Schwab (SCHW.N) expects its second-quarter revenue to drop by 10% to 11% due to a contraction in its net interest margin and softer trading activity, the brokerage firm said on Wednesday. The majority of these borrowings could be repaid before the end of 2024, Schwab said. Analysts have warned of a compression in net interest margins for financial firms, as the Fed's rate hikes drain excessive liquidity. Further increases in interest rates could add to pressure on Schwab's earnings, William Blair analysts Jeff Schmitt and Tyler Mulier wrote in a note. Fed policymakers on Wednesday left interest rates steady but signaled they would rise by half a percentage point by the end of the year.

Persons: Charles Schwab, Schwab, William Blair, Jeff Schmitt, Tyler Mulier, Blair, Niket Nishant, Sri Hari, Vinay Dwivedi, Maju Samuel Organizations: Federal Home Loan Bank, Federal, Thomson Locations: The Texas, Sri, Bengaluru

☆ Automotive digital marketplace TrueCar slashes 24% of headcount
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

June 14 (Reuters) - TrueCar (TRUE.O) said on Wednesday it was laying off 24% of its workforce as part of restructuring that would result in $20 million of annualized expense reduction for the automotive digital marketplace. As of May 31, the company had nearly $146.5 million of cash and cash equivalents, but its management was expecting aggregate cash balance to drop below $125 million in the near term. However, TrueCar said the fourth quarter will see double-digit year-over-year revenue growth and breakeven or positive adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). A stormy economic environment brought on by inflation and rate hikes has prompted several companies across corporate America to trim their headcount. Reporting by Niket Nishant in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Jantoon Reigersman, TrueCar, Niket, Maju Samuel Organizations: Thomson Locations: America, Bengaluru

☆ Apple adds $25 mln venture capital commitment for minority-owned businesses
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

June 14 (Reuters) - Apple (AAPL.O) said on Wednesday it is investing an additional $25 million to three funds working with minority-owned businesses, bolstering its backing for communities that continue to be underrepresented in the technology space. The funds would go to Collab Capital, Harlem Capital and VamosVentures and boost the tech giant's venture capital support for diverse businesses, to $50 million. The statement comes more than two years after the Cupertino, California-based company's foray into VC funding to back entrepreneurs of color. Companies across the spectrum in corporate America have pledged to do more to support initiatives aimed at racial equity after the murder of George Floyd in 2020 prompted a global reckoning over racism. Reporting by Niket Nishant in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: George Floyd, Niket, Maju Samuel Organizations: Collab, Harlem Capital, VamosVentures, Thomson Locations: Cupertino , California, America, Bengaluru

☆ Online retailer Overstock to buy some assets of Bed Bath & Beyond
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

June 13 (Reuters) - Overstock.com (OSTK.O) will buy certain assets of bankrupt home goods retailer Bed Bath & Beyond for $21.5 million, the online retailer said on Tuesday. The deal, designated a "stalking horse" bid under the U.S. Bankruptcy Code, will include intellectual property, business data, rights to mobile applications, and will also assume certain liabilities of Bed Bath & Beyond. The retailer had delivered 10% of the purchase price in cash to an escrow agent in immediately available funds, Overstock said in a regulatory filing. Bed Bath & Beyond had in April filed for Chapter 11 bankruptcy protection after struggling with dwindling sales and a failed merchandising strategy. The Wall Street Journal last week reported that retail investment firm Go Global Retail was in talks with Bed Bath & Beyond for its Buybuy Baby chain.

Persons: Overstock, Savyata Mishra, Sriraj Kalluvila, Maju Samuel Organizations: Bed, U.S, Reuters, Go, Thomson Locations: Bengaluru

☆ Oracle beats quarterly revenue estimates on cloud services demand
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Oracle (ORCL.N) topped fourth-quarter revenue estimates on Monday, boosted by growing demand for its cloud offerings from companies deploying AI. Revenue for the quarter stood at $13.84 billion, compared with analysts' estimates of $13.74 billion, according to Refinitiv. The cloud and software company has also boosted its AI cloud offerings, including its partnership with Nvidia (NVDA.O) to make the chip company's AI software and chips available to Oracle customers via its cloud services. Revenue at Oracle's cloud services and license support unit, its largest, rose to $9.37 billion in the quarter from $7.61 billion a year earlier. Reporting by Samrhitha Arunasalam and Raghav Mahobe in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Cerner, Samrhitha Arunasalam, Maju Samuel Organizations: Oracle, Revenue, Microsoft, Nvidia, Thomson Locations: Austin , Texas, Bengaluru

☆ EU regulators may demand Google to sell part of ad-tech business - source
▼ + stars: | 2023-06-12 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

June 12 (Reuters) - European Union antitrust regulators may order Alphabet Inc's (GOOGL.O) Google to sell a part of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday. However, frustration has been mounting after Google failed to address competition concerns, the source said. The Commission and Google did not immediately respond to Reuters' requests for comment. Google is the most dominant digital advertising platform in the world with a 28% market share of global ad revenue, according to research firm Insider Intelligence. Google's dominance in online advertising has been increasingly questioned over the past few years.

Persons: Nilutpal Timsina, Akriti Sharma, Maju Samuel, Rashmi Organizations: Union, Google, Reuters, European Commission, Commission, Intelligence, United, Wall, Thomson Locations: United States

☆ Meta introduces broadcast tool Channels on WhatsApp
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

June 8 (Reuters) - Meta Platforms (META.O) on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make the app a "private broadcast messaging product." Users in Colombia and Singapore will be the first to receive access to Channels. Over the coming months, Meta will expand the availability of the tool for users in more countries, it said. Profile photos and contact information of the channel admin would not be visible to followers. Reporting by Niket Nishant and Bhanvi Satija in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Niket Nishant, Maju Samuel Organizations: Meta, Global, World Health Organization, FC Barcelona, Manchester City, Thomson Locations: Colombia, Singapore, Bengaluru

☆ Microsoft to offer OpenAI's GPT models to government cloud customers
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike BlakeJune 7 (Reuters) - Microsoft Corp (MSFT.O) is bringing the powerful language-producing models from OpenAI to U.S. federal agencies using its Azure cloud service, it said in a blog post on Wednesday. The Redmond, Washington-based company has added support for large language models (LLMs) powering GPT-4 the latest and the most sophisticated of the LLMs from OpenAI, and GPT-3, to Azure Government. Microsoft generally offers it to Azure commercial cloud users through Azure OpenAI Services, which had 4,500 customers as of May. Microsoft said government customers can adapt the language models for specific tasks including content generation, language-to-code translation and summarization.

Persons: Mike Blake, Yuvraj Malik, Samrhitha, Maju Samuel Organizations: Microsoft, Microsoft Theatre, REUTERS, Microsoft Corp, Government, OpenAI, Thomson Locations: Los Angeles , California, U.S, Redmond, Washington, OpenAI, Bengaluru

☆ Veteran Morgan Stanley dealmaker Rob Kindler to join law firm
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

June 6 (Reuters) - Rob Kindler, a top executive at Morgan Stanley (MS.N), is leaving the investment bank after a 17-year stint to join a major law firm. The veteran dealmaker will join Paul, Weiss, Rifkind, Wharton & Garrison as the global chair of mergers and acquisitions (M&A), the law firm said on Tuesday. A New Yorker, Kindler began his legal practice at Cravath, Swaine & Moore, another major law firm where he spent nearly two decades. "I am delighted to once again have him as my partner," said Barshay, who is the chair of the Paul, Weiss' corporate department. Kindler's return to legal practice coincides with a challenging period for the industry, which like investment banks, has been navigating a dreary environment for dealmaking.

Persons: Rob Kindler, Morgan Stanley, dealmaker, Paul, Weiss, Kindler, Moore, Kindler's, Scott Barshay, Barshay, Cooley, Goodwin Procter, Niket, Maju Samuel, Chris Reese Organizations: Garrison, Yorker, JPMorgan, Comcast, AT, T Broadband, Dow, IHS, Wall Street, Apollo Global, Arconic, WWE, Endeavor Group, UFC, Thomson Locations: Rifkind, Wharton, New York, Cravath, Bengaluru

☆ Reddit to lay off about 5% of its workforce
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

June 6 (Reuters) - Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America. Tech companies including Meta Platforms (META.O) have been slashing jobs after aggressively hiring during the pandemic, as the industry braces for an economic downturn. The Wall Street Journal first reported Reddit's move on Tuesday, citing an email sent to employees from Chief Executive Steve Huffman. In December 2021, Reddit had confidentially filed for an initial public offering with the U.S. securities regulator after the company's message boards became the go-to destination for day traders during a meme stock frenzy. Reporting by Bhanvi Satija and Samrhitha Arunasalam in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Reddit, Conde Nast, Steve Huffman, Huffman, Bhanvi Satija, Maju Samuel Organizations: America . Tech, Meta, Facebook, Street Journal, Thomson Locations: Bengaluru

☆ Apple buys AR headset startup Mira - The Verge
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

June 6 (Reuters) - Apple Inc (AAPL.O) has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the U.S. military, the Verge reported on Tuesday, citing a post from Mira CEO's private Instagram account and a person familiar with the matter. The Verge added that Apple had confirmed the acquisition saying that it buys smaller technology companies from time to time, and generally does not discuss its purpose or plans. Apple has brought on at least 11 of Mira's employees as part of the acquisition, according to the report. Apple, Mira and its CEO Ben Taft did not immediately respond to Reuters' requests for comment. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Mira, Meta, Ben Taft, Samrhitha, Maju Samuel Organizations: Apple Inc, U.S ., Apple, Meta, Facebook, U.S , Air Force, Navy, Thomson Locations: Los Angeles, Mira, Bengaluru

☆ Novocure's lung cancer device study raises concerns around commercial use
▼ + stars: | 2023-06-06 | by ( Khushi Mandowara | ) www.reuters.com time to read: +2 min

June 6 (Reuters) - Novocure Ltd's <NVCR.O> experimental device to treat a type of lung cancer helped in extending overall survival among patients in a late-stage study, but concerns around its commercial success sent the medical device maker's shares down more than 34% on Tuesday. The device, used with certain chemotherapies and immunotherapies, helps in creating electric fields that disrupt cancer cell growth. Data from the study shows that the device, along with a class of immunotherapies know as immune checkpoint inhibitors (ICI), extended survival by about eight months, compared to patients treated with ICI alone. Lung cancer is the most common cause of cancer-related death worldwide, and NSCLC accounts for about 85% of all lung cancers, the company said. Reporting by Khushi Mandowara in Bengaluru; Editing by Nivedita Bhattacharjee, Shinjini Ganguli and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Emily Bodnar, Jefferies, Michael Yee, Novocure, Khushi, Nivedita Bhattacharjee, Shinjini, Maju Samuel Organizations: ICI, Wainwright, U.S . Food, Drug Administration, Thomson Locations: United States, U.S, Bengaluru

☆ General Electric to sell over $2 bln stake in GE HealthCare
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: 1 min

June 5 (Reuters) - General Electric Co (GE.N) is offering 25 million of common stock, or over a $2 billion stake, in GE HealthCare Technologies Inc (GEHC.O), according to a regulatory filing on Monday. Reporting by Raghav Mahobe in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Raghav, Maju Samuel Organizations: General Electric Co, GE HealthCare Technologies Inc, Thomson Locations: Bengaluru

☆ Here's what Apple unveiled at WWDC: Vision Pro, 15-inch MacBook Air, OS updates
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +4 min

Vision Pro sports 12 cameras and a digital crown similar to the Apple Watch to toggle between the AR and VR environments. M2 ULTRA CHIPApple unveiled M2 Ultra, its most-powerful processor so far, that comes to its desktop computers Mac Pro and Mac Studio. LARGER MACBOOK AIR, POWERFUL DESKTOPSApple launched a 15-inch MacBook Air featuring the M2 chip and an 18-hour battery life. The company beefed up its desktop computers, introducing a new version of its flagship Mac Pro with the M2 Ultra chip, starting at $6,999. WIDGETS FOR APPLE WATCH, OS UPGRADES, JOURNALING APPApple announced fresh versions of operating systems across its products.

Persons: Apple, Yuvraj Malik, Maju Samuel Organizations: Apple Inc, Meta, PlayStation VR, Sony Group, Apple Watch, Disney, Microsoft, Adobe Inc, Vision, Apple, Mac, Mac Pro, Max, APP Apple, Thomson Locations: Bengaluru

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