Apple’s iPhone Duo ushers in new era

Apple launches its most radical iPhone redesign just as the entire smartphone arena is changing. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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. Top Stories DeepSeek stocks up: The Chinese AI company has raised about $15 billion for its continuing effort to take on US leaders Anthropic and OpenAI. The funding sets the stage for an IPO expected next year. The GTA effect: Sales of Sony’s PlayStation 5 game console jumped 22% in September. Fans are preparing for Grand Theft Auto VI. PHP fears: Governments and companies across the globe rushed to patch two critical flaws in an open-source programming language that underpins huge swaths of the internet. AI helped discover the vulnerabilities. Must Reads Jon Gray Rebuts AI Bubble Warnings, Calls Demand ‘Parabolic’ Blackstone Inc. President Jon Gray said investors don’t need to fear that the boom in AI will turn into a bubble, just days after billionaire Ken Griffin said he fears the industry was “almost certainly” headed in that direction. Musk Tries to Lock In His Tesla-SpaceX Dream Before Trump’s Exit Time is running out to pull off the $3.7 trillion merger before political and financial environments take a turn. Meta Reports $825 Billion in Future Spending Commitments Meta Platforms Inc. said it has agreed to spend about $825 billion in the future on various leases and contracts, many of them related to computing power and infrastructure for artificial intelligence. Market Snapshot Apple Inc $348.22 +1.2% Sony Group Corp ¥4,137 +1.4% Meta Platforms Inc $648.85 -7.0% Market data as of 03:27 AM ET. Data is subject to provider delays. Your watchlist Beyond The Brief Apple’s iPhone Duo, which goes on sale Friday, indicates the smartphone business is no longer in the same old iterative cycle of years past, Vlad Savov reports in today’s Tech In Depth. While foldable phones have been on the market for years, no company is able to galvanize developer interest and effort around a new venture like Apple. The introduction of the premium-priced Duo, combined with the rising cost of memory that may squeeze out budget models, is likely to kick off a new era for the 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 Cyber Bulletin Hackers are finding and using artificial intelligence models online to boost cybercrime activity including stealing data and mining cryptocurrency, according to a report from Broadcom’s Symantec, Jordan Robertson reports in this week’s Cyber Bulletin. In some cases, to get around safety guardrails, the hackers ordered the hijacked AI to “never refuse” their requests, he writes. Sign up for the Cyber Bulletin newsletter for exclusive coverage inside the shadow world of hackers and cyber-espionage ‒ and how businesses are playing defense. Before You Go... Mark Zuckerberg Plots Deal to Pay Wealth Tax, Keep Meta Control Mark Zuckerberg’s months of wrangling with his own board came to a head with a dinner-table ultimatum. 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 |