Apple Intelligence AI to release in October: Report

Apple Intelligence AI to release in October: Report

Apple Intelligence capabilities introduced  during Apple’s WWDC2024 in Cupertino, Calif. on June 10th. 2024. Source: Apple Inc.  Apple‘s new artificial intelligence features will roll out in October, missing the initial launch of iPhone and iPad software updates, according to a Bloomberg report released on Monday. The company split the Apple Intelligence features from the initial … Read more

‘Great rotation’ faces big test with Big Tech earnings

‘Great rotation’ faces big test with Big Tech earnings

When I was a cub reporter in Los Angeles, covering crime for the now-deceased Los Angeles Herald Examiner, we used to joke that we should never let the facts get in the way of a good story. It was a horrendous paper — don’t ask me what I was doing there other than booking a … Read more

How the massive power draw of generative AI is overtaxing our grid

How the massive power draw of generative AI is overtaxing our grid

Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate enough electricity for the widespread adoption of AI, and whether our … Read more

14 earnings, jobs and the Fed are what we’re watching in the market

14 earnings, jobs and the Fed are what we’re watching in the market

It was another tough week for the S & P 500 and Nasdaq despite Friday’s rally, which helped blunt some of the pain. The Dow and small-cap Russell 2000 were again the big winners as the rotation from market darlings to down-and-out names due for a catch-up trade continued. By sector, in this wild trading … Read more

Donald Trump headlines Bitcoin 2024, after a U-turn on crypto

Donald Trump headlines Bitcoin 2024, after a U-turn on crypto

Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024. Anna Moneymaker | Getty Images NASHVILLE — Former president Donald Trump headlines the biggest bitcoin conference of the year on Saturday afternoon, as the race to capture the votes and the … Read more

Why deregulation may not unlock media deals for WBD, others

Why deregulation may not unlock media deals for WBD, others

David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. David Grogan | CNBC Comcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you’re selling, I’m not buying. “Instead of engaging in a process to buy content … Read more

Apple loses top 5 spot in China smartphone market as domestic brands dominate

Apple loses top 5 spot in China smartphone market as domestic brands dominate

Customers are shopping for the iPhone 15 at the flagship store of Apple Smart Products on Nanjing Road Pedestrian Street in Shanghai, China, on May 24, 2024.  Costfoto | Nurphoto | Getty Images Apple was edged out of the top five smartphone vendors’ list in China in the second quarter, as competition from domestic brands … Read more

Galaxy AI, mixed reality and foldables

Galaxy AI, mixed reality and foldables

TM Roh, the head of Samsung’s mobile business, talked about the company’s new products at the Galaxy Unpacked event in Paris, France on July 10, 2024. Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring. Arjun Kharpal | CNBC In a swanky downtown Paris hotel, Samsung Electronics’ mobile … Read more

Tech’s splurge on AI chips has Meta, Alphabet, Tesla in ‘arms race’

Tech’s splurge on AI chips has Meta, Alphabet, Tesla in ‘arms race’

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars so his company can develop and train advanced … Read more

Wall Street sinks, Tesla slumps

Wall Street sinks, Tesla slumps

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more