The pressure on Apple’s AI

The company’s revamped AI features are being seen as a way to spur sales — just not this year ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Apple Inc $307.34 -1.2% NVIDIA Corp $205.10 -6.2% S&P 500 futures 7,405.75 +0.1% Market data as of 01:03 AM ET. Data is subject to provider delays. Your watchlist Top Stories Nvidia tightens partnership with SK Hynix: Nvidia’s Jensen Huang said the chipmaker’s new central processing unit will use memory chips from SK Hynix. The deal deepens the companies’ ties. US AI adviser departs: Sriram Krishnan, a top White House adviser on artificial intelligence and a former Andreessen Horowitz partner, is stepping down from the post. He helped develop the administration’s AI action plan. AI recruitment: JPMorgan Chase is hiring Singapore-based Tahir Zafar, Nomura Holdings international head of AI strategy. It’s part of a pattern on Wall Street. Top Reads Banks Lay Groundwork for Mass Workforce Cuts as AI Takes Hold In the hope he’ll land a job in finance, Andre Bonnick spends hours rehearsing what he’s going to say. He’s using key words from job listings, making eye contact — following advice he’s gotten from recruiters. SpaceX Inks $30 Billion Computing Power Deal With Google Alphabet Inc.’s Google has agreed to pay Elon Musk’s SpaceX $920 million a month for computing power as part of a cloud services deal that runs through mid-2029, its second such agreement with an AI competitor in a matter of weeks. SpaceX IPO Is Said to Draw More Orders Than Shares Available SpaceX has already received orders for more than the shares available in its $75 billion initial public offering, according to people familiar with the matter, putting the company on the verge of setting the record for the biggest-ever listing. Beyond The Brief Apple is scheduled at its Worldwide Developers Conference later Monday to unveil a revamped Siri, the iPhone maker’s digital assistant, Ed Ludlow reports in today’s Tech In Depth. While the slew of AI features are unlikely to spur much of a rebound this year in the struggling smartphone and PC markets, they may set up Apple for success when consumers finally see the value of the technology on their devices, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Q&AI While three major AI companies are planning to join the public markets this year, executives and academics are confronting a new questions about the technology as it continues to evolve, Shirin Ghaffary reports in this week’s Q&AI. You’ve got questions about AI. We’ve got answers. Sign up for Bloomberg Technology’s weekly Q&AI newsletter. Before You Go... How to Pay for a Life of Abundance in a World Without Work Elon Musk and others are calling for a universal high income as AI job losses accelerate. Think-tank founder and CEO Daniel Schreiber has a plan for funding it. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |