Considering the gobs of money Meta is throwing at its artificial intelligence efforts, its Meta AI app that launched this spring is pretty mid, according to a review from Bloomberg. Some issues: an uneven experience, lack of personalization, and frequent hallucinations.
At today's "Awe dropping" Apple event, the company announced its yearly refresh of the iPhone lineup. The new iPhone 17, iPhone 17 Pro and iPhone 17 Pro Max were joined by a brand new iPhone — the iPhone Air — a super-thin model with tougher glass, and faster processors.
Apple shares dipped on news of the products releases and is down about 1.4% on the day in afternoon trading.
The company also announced an updated Apple Watch line — Series 11, SE3, and Ultra 3 —with new features like 5G, high blood pressure detection, 24 hour battery life and satellite communication.
Here’s a breakdown of the new products Apple announced.
The ultra-thin iPhone Air that was described by Apple as “A paradox you have to hold to believe”. The sleek 5.6mm thin iPhone features a crack and scratch resistant front and back, “Macbook Pro-levels of compute,” which you can pair with a weird $59 “crossbody strap.” Starts at $999
The iPhone 17 has a faster A19 chip, an improved smart selfie camera, and a higher-resolution screen. Starts at $799
The iPhone 17 Pro has a new design, ever-faster A19 Pro chip, a tougher "ceramic shield" on the front and back, better cameras and and a bigger battery that gets an extra 10 hours of video playback compared to its predecessor. It costs $100 more than the previus generation, but the minimum storage has doubled to 256GB. Starts at $1,099.
iPhone 17 Pro Max Starts at $1,199
AirPods Pro 3 with AI-powered live translation, a new hear rate sensor, and 8 hours of battery life with improved active noise cancellation. The new AirPods can also track workouts, and Apple says they are built to fit more peoples’ ears with a new design and new foam ear tips. $249
Apple Watch Series 11 which has 5G, a new high blood pressure detection feature, improved sleep tracking, a more scratch-resistant face and 24 hours of battery life.
The entry level Apple Watch SE 3 gets 5G, new health tracking features and an always-on display. Starts at $249.
The chunky Apple Watch Ultra 3 has an impressive 42-hour battery life, satellite communications for emergencies, and a brighter and bigger display. Starts at $799.
Artificial intelligence infrastructure group Nebius jumped more than 50% in early trading on Tuesday after the company announced after the close on Monday a major deal to supply computing power for Microsoft’s AI operations.
Under the agreement, Nebius — which rose from the ashes of Russian tech giant Yandex — will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The New Jersey data center has a capacity of 300 megawatts. The total contract value through 2031 is $17.4 billion, though, if further capacity is required, the contract value could rise to $19.4 billion.
The deal represents a sizable portion of Microsoft’s proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.
Nebius and competitor CoreWeave are both on the short list of startups that Nvidia has invested in. Nvidia’s small stake in the former is now worth about $120 million.
Under the agreement, Nebius — which rose from the ashes of Russian tech giant Yandex — will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The New Jersey data center has a capacity of 300 megawatts. The total contract value through 2031 is $17.4 billion, though, if further capacity is required, the contract value could rise to $19.4 billion.
The deal represents a sizable portion of Microsoft’s proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.
Nebius and competitor CoreWeave are both on the short list of startups that Nvidia has invested in. Nvidia’s small stake in the former is now worth about $120 million.
Many of the attendees have donated to, vocally supported, or even worked for the president.
In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.
