TECH - Page 35

Apple tumbled after it disappointed Wall Street with a forecast that indicated growth would stay subdued in the quarter where the holiday season usually drives its most robust sales. The world’s most valuable firm was set to lose more than $80 billion in market value, based on its premarket share price of $172. Its shares have rallied nearly 40% this year. The tech giant reported quarterly earnings on Thursday that topped estimates. Still, its forecast sent shares down, stoking concerns

A small software company in the UK has sent a letter to Meta to stop using the name “Threads,” which is the name of a new social media platform recently launched by the Facebook parent. In the October 30 letter, the UK company says that it owns the trademark on the name and that if Meta doesn’t stop using it in the United Kingdom within 30 days, the firm will seek an injunction from the court. The UK company, Threads

Apple gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables. The company’s shares fell about 3% in after-hours trading. Chief Executive Tim Cook insisted that the company’s new iPhone 15 models were doing well in China, seeking to ease worries that Apple was losing market share to resurgent Huawei and other local smartphone sellers. But the iPhone maker’s guidance for the quarter, which was below analysts’ estimates, signaled

PayPal Holdings (PYPL.O) was set to add $4 billion to its market value as a pledge to turn “leaner” cheered up investors, even as the payments giant disclosed a subpoena from the U.S. Securities and Exchange Commission tied to its stablecoin. The company’s shares climbed 7% to $55.16 before the bell on Thursday as a robust full-year profit forecast also calmed market jitters about a spending slowdown. In his first quarterly earnings call as PayPal’s new CEO, Alex Chriss spelled

Data analytics firm Palantir Technologies forecasted fourth-quarter revenue above market estimates on Thursday, betting on strong demand for its new artificial intelligence platform from clients, including U.S. government agencies. The Colorado-based company’s shares were up nearly 13% in premarket trading. The company’s sales have been rising rapidly since it unveiled a new product called the Artificial Intelligence Platform last month. That software lets businesses and defense and military organizations tap large language models and AI to help inform decision-making. Analysts

Britain on Wednesday published a “Bletchley Declaration,” agreed with countries, including the United States and China, to boost global efforts to cooperate on artificial intelligence (AI) safety. The document, signed by 28 countries and the European Union, was published on the opening day of the AI Safety Summit hosted at Bletchley Park, central England, the home of Second World War codebreaker Alan Turing. It says governments, international fora and other initiatives, industry, and civil society must work together. It also

From Hollywood’s death-dealing Terminator to warnings from genius Stephen Hawking or Silicon Valley stars, fears have been fueled that artificial intelligence (AI) could one day destroy humanity. Now tech titans are racing toward creating AI far more intelligent than people, pushing US President Joe Biden to impose emergency regulation and the European Union seeking primary legislation to be agreed by the end of this year. A two-day summit starting Wednesday in London will explore regulatory safeguards against such risks. AI

Copenhagen: Carlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia’s government that would make its seizure of the assets look legitimate, the brewer’s new CEO said on Tuesday. The Danish group had since last year attempted to sell its Baltika subsidiary in Russia, following the footsteps of many other Western companies exiting Russia after Vladimir Putin invaded Ukraine. Baltika produces some of the most recognizable beer brands in Russia, with 8,400 employees

China’s most popular social media platforms on Tuesday announced that “self-media” accounts with more than 500,000 followers will be asked to display real-name information. Self-media includes news and information not necessarily approved by the government, a genre of online content regulators have cracked down on in recent years to “purify” China’s cyberspace. Messaging app WeChat, microblogging platform Weibo, and Douyin, the Chinese version of TikTok, all published separate statements announcing the new requirement. The move is aimed at curbing the

Apple made some important announcements at its Scary Fast event 2023 today. It kicked off the event with its new M3 chipset series – including the M3, M3 Pro, and M3 Max versions – in updated MacBook Pro and iMac machines. The company also introduced a host of new Mac accessories, such as a Magic Keyboard with USB-C ports and a Magic Trackpad that supports USB-C connections. And it announced a new range of colorful 24” iMacs that it says