Tim Cook, the CEO of Apple, made a rare podcast appearance with singer Dua Lipa to discuss the influence of artificial intelligence (AI) on various industries and its integration into Apple products. Cook highlighted the significant role of AI in the Apple Watch and emphasized the need for regulations and rules regarding AI usage. He predicted that AI regulation will be implemented within the next 12 to 18 months.
Xiaomi Corp. has gained about $20 billion in market value since a June low on excitement over its latest handset as well as forays into electric vehicles and other businesses. Chinese Android makers are capitalizing as Apple posts sliding revenue in China, even amidst signs that Asia’s largest smartphone market is starting to bottom out after years of decline.
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Government-backed hackers attempted to plant spyware on the iPhone of an Indian journalist working for OCCRP in August. The intrusion attempt was tied to the use of NSO Group’s Pegasus hacking tool. Apple warned the journalist and others in India about being targeted by state-sponsored hackers. The intrusion is considered unacceptable and outrageous, with no plausible explanation other than political gain. OCCRP, a global network of investigative journalists, exposes corruption and organised crime.
IGWrapped is a third-party app that provides Instagram users with an engaging summary of their social media activity, including top friends, popular content, and follower engagement. Currently only available on the App Store for Apple devices, users can create personalized reports and share their Instagram Wrapped reel with their network. Android users eagerly await similar availability on the Google Play Store.
The demand for warehousing has shown resilience marked with growth in lease rentals for logistic spaces across top eight markets during the half year ended September. Total 23 million sq ft space transacted in the first half ending September across the top eight markets represents a 10% on-year drop in volume.
Wall Street’s main stock indexes rallied on Friday as bond yields fell sharply after data showed signs of slowing U.S. jobs growth and an uptick in unemployment, boosting hopes that the Federal Reserve is done with its interest rate hiking campaign. Nonfarm payrolls increased by 150,000 jobs in October, much less than the expected 180,000 increase, partly due to strikes at Detroit’s Big Three automakers. Data for the last month was revised lower to show an increase of 297,000 instead of 336,000. The jobs data also helped push U.S. Treasury yields lower for the fourth consecutive session. The move in yields supported stocks. The Dow Jones Industrial Average rose 222.24 points, or 0.66%, to 34,061.32, the S&P 500 gained 40.56 points, or 0.94%, to 4,358.34 and the Nasdaq Composite added 184.09 points, or 1.38%, to 13,478.28. For the week, the S&P 500 gained 5.9%, for its biggest gain since November 2022 and Nasdaq added 6.6%, also showing its biggest gain since Nov. 2022. The Dow showed a weekly gain of 5.1%, its biggest since late October 2022.
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BJP rejects several opposition leaders’ allegations against the government following Apple’s alert warning of state-sponsored attackers trying to remotely compromise iPhones. BJP leader Ravi Shankar Prasad criticizes the opposition for targeting the government without approaching Apple. He challenges the opposition leaders to file a criminal case if they have any concerns. BJP IT department head Amit Malviya questions Rahul Gandhi’s credibility and calls the allegations frivolous. IT minister Ashwini Vaishnaw confirms the government’s probe into the matter.
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Telangana Minister KT Rama Rao and several opposition leaders, including Congress’s Mallikarjun Kharge and Shiv Sena’s Priyanka Chaturvedi, received Apple warnings of state-sponsored attacks on their phones. KTR accused the BJP of targeting opposition leaders. Apple clarified that it couldn’t attribute threats to specific attackers.
Apple has released iOS 17, which includes a range of new features and improvements for the Messages app. These updates include transcribed audio messages, the ability to check in with contacts, improved search filters, reorganized mini-apps within Messages, enhanced navigation and replies, improved location sharing, and automatic deletion of verification codes. These updates aim to enhance users’ messaging experience and provide added convenience and security.
Apple explored the possibility of replacing Google with DuckDuckGo as the default search engine for private browsing on Safari. However, the talks did not lead to a deal as DuckDuckGo relied on Bing for search results. Apple also considered using Bing’s search engine for Safari and held discussions with Microsoft executives. The revelations were made during the US government’s antitrust trial against Google.