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Apple Ups iPhone Order 10% Banking on AI Features' Success
5-minute read to get updated on tech.
Kristoffer Lindström
August 30, 2024
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Stripe has debuted multiple AI-powered features designed to boost cross-border commerce in Asia, such as Optimised Checkout Suite and Adaptive Pricing. The new tools enhance the checkout process and localize prices across 150 markets. Further updates include Radar Assistant for fraud prevention and a partnership with NICEPay allowing U.S. merchants to accept payments from South Korean customers. Businesses using these features reported an average 17.8% jump in cross-border revenue and an 8% increase in conversion rates.
European food delivery firm Delivery Hero plans to spin-off and float its Middle East business, Talabat, on the Dubai stock exchange later this year. Delivery Hero would retain the majority interest in Talabat after the IPO, the launch of which depends on market conditions, security regulators' approval, and Delivery Hero's management consent. The Middle East is a strategic growth region for Delivery Hero, contributing approximately 28% of total Q2 revenues.
OpenAI reported a doubling of weekly active users for ChatGPT to over 200 million, retaining its leadership in the competitive chatbot market. Besides, 92% of Fortune 500 companies are utilizing its products, and automated API usage has doubled after the release of GPT-4o mini in July. OpenAI, Microsoft, Google, and Meta are all contending for user acquisition in this space.
Apple is betting big on its first AI-inclusive iPhones, ordering components for 88-90 million devices, over 10% more than last year's initial orders. However, with concerns over China's geopolitical situation and the expectation of modest recovery, suppliers remain cautious. Further growth is anticipated in 2025 as the AI ecosystem matures.
Google's new AI model, Health Acoustic Representations, diagnoses diseases like tuberculosis from cough sounds, increasing early-detection capabilities, and enhancing accessibility in underserved areas. The move forms part of a broader trend of AI integration into healthcare.
Major platforms including Facebook, Instagram, and The New York Times deny Apple's AI models access to their content for training purposes, indicating a shifting stance toward data scraping.
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