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[ad_1] Apple abandoned its decade-long electric vehicle (EV) project last week, shifting its focus to the emerging generative artificial intelligence (GenAI) sector. Banasree Purkayastha looks at the roadblocks the iPhone maker faced in its dream car project and how AI is key for tech giants right now l Pulling the plug on Project Titan On…
[ad_1] Apple Inc. is canceling a decade-long effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company. Apple made the disclosure internally Tuesday, surprising the nearly 2,000 employees working on the project, said the people, who asked not…
[ad_1] Photo: Tayfun Coskun/Anadolu (Getty Images), Suzanne Cordeiro (Getty Images), Siegfried Layda (Getty Images), David Paul Morris/Bloomberg (Getty Images), Vladimir Vladimirov (Getty Images), Justin Sullivan / Staff (Getty Images), Mike Coppola (Getty Images), Image: OpenAI The world seemingly, at the same time, held its breath with the reveal of OpenAI’s video generator, Sora, It’s as…
[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 29, 2024. Brendan Mcdermid | Reuters The S&P 500 rose Monday and closed at a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. The…
[ad_1] Swedish music streaming service Spotify’s CEO Daniel Ek on 26 January criticised Apple’s proposed App Store changes ahead of the EU Digital Markets Act (DMA) and called changes ‘at best vague and misleading’, a ‘new low for the company’ and ‘extortion’. The Spotify CEO in a blog post alleged that under the false pretense…
[ad_1] For the first time in recent memory, consumer gadgetry could have a banner year. Apple Inc. will dive into its biggest new product category in years, while a startup founded by former Apple employees is selling a new type of wearable intended to supplant the iPhone as the default device of the artificial intelligence…
[ad_1] The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month,…
[ad_1] After an uncharacteristically sluggish performance in 2022, tech stocks have come roaring back to life in 2023. In fact, the Technology Select Sector SPDR ETF (ticker: XLK) has more than doubled the S&P 500’s year-to-date return. For more than a decade, brief periods of tech sector underperformance have consistently been long-term buying opportunities, and…