Apple and Meta Might Forge AI Partnership for iOS 18

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Apple and Meta Might Forge AI Partnership for iOS 18 (5 minutes read)

Apple and Meta are reportedly discussing a partnership to integrate Meta's AI models into iOS 18 for Apple Intelligence, analogous to Apple's deal with ChatGPT. The deal could enhance user queries about 'world knowledge' in Siri. Apple, branching out its AI models, is also in talks with Google Gemini, Perplexity, and Anthropic, according to The Wall Street Journal.

Apple Supplier TDK Advances Solid-State Battery Technology for Small Devices (5 minutes read)

Apple supplier TDK forecasts notable performance enhancements for devices with its new solid-state battery material. This ceramic component for smaller gadgets offers an energy density of 1,000 watt-hours per litre, marking a 100-fold increase from TDK's existing batteries. The novel technology, focused on smaller-sized cells like coin-shaped batteries, heralds safer and lighter batteries that can store more power, promising smaller products with extended operating times. However, the creation of larger batteries remains a challenge due to the fragility of the ceramic material.

Anthropic's Claude 3.5 Sonnet Outperforms OpenAI’s GPT-4o: A Game-Changer for AI Power Users (7 minutes read)

The newly launched Claude 3.5 Sonnet chatbot by Anthropic has been crowned the fastest and most cost-effective large language model (LLM), outperforming rivals such as OpenAI's GPT-4o, according to its performance on third-party benchmarks. Users report positive feedback showcasing its capabilities like creating a playable game, building a functional web form, recreating film imagery and possibly initiating beginnings of artificial general intelligence (AGI). However, some instances of errors in basic tasks have also been noted.

Amazon's Entrance Disrupts Ad-Supported Streaming Spaces, Impacting Competitors (7 minutes read)

Amazon is shaking up the ad-supported streaming sector, challenging rivals such as Disney and Netflix. Since January, it has bundled ads with Prime Video subscriptions, intensifying competition for viewers and ad revenue. The low-cost strategy is creating excess inventory, forcing competitors to match Amazon's ad prices. Analysts suggest Amazon’s Prime delivery membership, extensive customer data, and ad targeting capabilities make it a formidable player in the market, compelling the entire industry to adapt.

OpenAI’s ChatGPT Causes Sharp Decline in Freelance Job Market (11 minutes read)

Freelance work, especially in areas like basic writing, coding, and translation, has seen a significant decline following the rise of AI like OpenAI’s ChatGPT. Platforms such as Upwork have reported a reduction as great as 21% in such job postings. In contrast, freelancers specializing in data science and IT have reported increased productivity and income due to AI utility. Despite this, certain specialized roles reported amplified demand due to AI's inability to meet certain industry-specific requirements, offering a mixed picture of AI's impact on the freelancing world.

Revolut Targets $40bn Valuation, Defying European Fintech Market Trends (3 minutes read)

UK fintech firm Revolut is eyeing a valuation above $40bn in a share sale, more than a 20% increase from its $33bn value in 2021, which could put it on par with Lloyds Banking Group. The company, supported by SoftBank, collaborates with Morgan Stanley to sell $500mn of existing shares. Despite valuation tankings amid a challenging market for Europe's fintech groups and concerns over its yet-unapproved UK banking license, Revolut's aggressive global expansion and customer growth outpace rivals like Monzo and Starling.

Apple Faces EU Charges for Violating New Digital Markets Act (9 minutes read)

Apple has been accused of breaching the European Union's Digital Markets Act as it allegedly imposes unfair App Store restrictions on developers, preventing consumers from accessing better offers, according to EU regulators. After an investigation that began in March, the tech giant faces a penalty potentially equivalent to 10% of its global revenue, escalating to 20% if infringements continue. A final decision is expected by March next year.

Apple Halts AI Tech Launch in EU Citing Regulatory Hurdles (7 minutes read)

Apple has announced a suspension on the release of its AI technology, Apple Intelligence, in the European Union due to the Digital Markets Act. The company claims the Act forces a downgrade in product security. This decision also impacts the rollout of other services, like iPhone Mirroring and SharePlay Screen Sharing. The move interferes with the plan to launch the software in America this fall.

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Yaccarino Reconsiders Executive Circle at X Amid Musk's Pressure - In response to Elon Musk's pressure to enhance sales and reduce costs at X, CEO Linda Yaccarino discharged Joe Benarroch, appointing Nick Pickles in his place. This shift coincides with tension between Musk and Yaccarino, and financial concerns at the company.

Instagram Enables Private Livestreams For Select Friends Group - Instagram is enhancing user privacy with its latest update allowing livestream viewership restriction to 'Close Friends.' The update also introduces music for video carousels and video posting as notes.

OpenAI Snaps Up Rockset to Boost AI Chats with User Data - OpenAI has procured Rockset, magnifying its AI data analysis capabilities. With the aim of enhancing data query infrastructure, the acquisition will allow users to efficiently utilize their own data.

Meta Unveils AI Chatbot to All Users Across India - Meta's English-only, Llama-3 AI chatbot launches in India supporting features like email assistance, workout planning, and asking context-related questions on Facebook and Instagram.