Apple: pay attention to emerging markets, not falling China sales
Apple’s chief financial officer Luca Maestri challenged investor worries over an 8% drop in China revenue, by noting that sales in other emerging markets are growing. “When we start looking at places like India, like Saudi, like Mexico, Turkey, Brazil…and Indonesia, the numbers are getting large, and we’re very happy
Read moreApple iPad event: What to expect
So far, the biggest surprise about May 7’s “Let Loose” event is that it’s happening at all. We’re just over a month out from Apple’s annual Worldwide Developer Conference, and yet the company determined there was enough news to warrant a stand-alone event. iPads (including the iPad Pro and iPad
Read moreMicrosoft bans US police departments from using enterprise AI tool for facial recognition
Microsoft has changed its policy to ban U.S. police departments from using generative AI for facial recognition through the Azure OpenAI Service, the company’s fully managed, enterprise-focused wrapper around OpenAI technologies. Language added Wednesday to the terms of service for Azure OpenAI Service prohibits integrations with Azure OpenAI Service from
Read moreApple earnings see 10% iPhone sales drop, massive buyback fuels stock jump
Apple on Thursday reported a 10% drop in iPhone sales for the second fiscal quarter, dropping from $51.33 billion to $45.96 billion, year-over-year. The slowdown was fueled, in part, by an 8% drop in China. Apple’s slow adoption of AI versus competitors like Google and Microsoft likely played a role
Read moreHubble Network makes Bluetooth connection with a satellite for the first time
Hubble Network has become the first company in history to establish a Bluetooth connection directly to a satellite — a critical technology validation for the company, potentially opening the door to connecting millions more devices anywhere in the world. The Seattle-based startup launched its first two satellites to orbit on
Read moreAlliance DAO is attracting fewer US founders amid crypto crackdown
The graduates of Alliance DAO are often useful indicators of investor appetite and user adaption trends within the crypto space. The latest batch of the stage-agnostic crypto accelerator, unveiled today, comes at a moment of great excitement for the recovering market. Just two months ago, Bitcoin hit its all-time high;
Read moreRivian wins $827M incentive package to expand Illinois factory for R2 production
Rivian is getting $827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2. Rivian announced Thursday that the State of Illinois Department of Commerce and Economic Opportunity will dole out the funds, which will be used to expand the automaker’s
Read moreMicrosoft bans U.S. police departments from using enterprise AI tool
Microsoft has changed its policy to ban U.S. police departments from using generative AI through the Azure OpenAI Service, the company’s fully managed, enterprise-focused wrapper around OpenAI technologies. Language added Wednesday to the terms of service for Azure OpenAI Service prohibits integrations with Azure OpenAI Service from being used “by
Read moreEU plan to force messaging apps to scan for CSAM risks millions of false positives, experts warn
A controversial push by European Union lawmakers to legally require messaging platforms to scan citizens’ private communications for child sexual abuse material (CSAM) could lead to millions of false positives per day, hundreds of security and privacy experts warned in an open letter Thursday. Concern over the EU proposal has
Read moreThey thought they were joining an accelerator — instead they lost their startups
Lacey Hunter thought all was well as she put her startup through the three-month Newchip accelerator. Then the organization filed for bankruptcy in May 2023. Things went from bad to worse later that year when she discovered warrants of her company — rights to buy an ownership stake — had
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