Apple’s China headache isn’t going away anytime soon
Apple Intelligence, a main selling point for the iPhone 16, won’t be available in Chinese until April. It looks like it’s going to be a while until Apple rebounds from its troubles in China. The tech giant missed analyst estimates for its sales in Greater China — a key region for Apple, particularly for iPhone…
‘Father of the iPod’ says Apple’s staggered AI rollout is smart — and ‘doesn’t require nuclear power’
Nest founder Tony Fadell at the 2024 TechCrunch Disrupt conference. While Apple’s first AI features may not be as flashy as the futuristic demos shown off by OpenAI or Google, former Apple executive Tony Fadell thinks the slow-and-steady strategy was the right move. Fadell, the founder of Nest, who is also known as the “father…
3 reasons investors should rotate into smaller stocks, according to Citi
Small- and mid-sized stocks look well-positioned for gains, Citi says. After a rally this summer, inflows to smaller stocks have dwindled in recent weeks, but the under-the-radar corner of the market may be poised to outperform in the coming months, Citi analysts said. The analysts point to a host of factors, from a low bar…
Some Democratic political advertisers are still betting on X, despite Elon Musk’s allegiance with Donald Trump
Some Democratic advertisers are seeing success on X in drumming up donations. While some Democratic political advertisers — including Kamala Harris’ presidential campaign — have stopped spending on X altogether, a small number are holding firm. Two years after billionaire Elon Musk bought X, the social media site formerly known as Twitter leans far more…
Wendy’s is closing another 140 ‘outdated’ stores as it looks to build out new higher-tech locations
Wendy’s says its new restaurant design costs nearly 10% less to build and is cheaper for franchisees to operate. Wendy’s is pulling off the Band-Aid. The fast-food chain said Thursday that it will close 140 “outdated” stores in underperforming areas this year, ahead of schedule. Wendy’s has 7,000 worldwide locations, and previously said it expected…
Why Wall Street is skeptical about Comcast’s proposal to ditch its cable networks and pair Peacock with a competitor
Comcast is considering shaking up its media assets in a major way. Comcast said this week it might separate from its cable networks and marry off its streaming service. Several media analysts worry that those moves might only end in heartbreak. Mike Cavanagh, Comcast’s president, floated the idea Thursday of spinning out cable networks like…
Sam Altman said he ‘sometimes’ used ChatGPT to answer Reddit AMA questions
OpenAI CEO Sam Altman said the company’s next model likely won’t be released this year. Sam Altman used his own AI creation to answer questions during a Reddit “Ask Me Anything” session on Thursday. The OpenAI CEO answered Redditors’ wide-ranging questions on the social media platform, touching on the release date of the company’s next…
Amazon’s CEO is even more bullish on the AI opportunity
Amazon CEO Andy Jassy Just when you thought Big Tech executives couldn’t get more bullish on AI, Amazon CEO Andy Jassy upped the ante on Thursday. During a call with analysts, he described a range of attractive opportunities for Amazon, and said the company will continue to “aggressively” invest in AI. Amazon is on pace…
5 reasons BYD is surging ahead after eclipsing Tesla’s quarterly sales for the first time
BYD is known for its affordable EVs, such as the Seagull, which is sold for under $10,000 in China. BYD has just scored another victory in its battle to overtake Tesla. The Chinese EV giant said in its third-quarter earnings on Wednesday it had surpassed Tesla’s revenues from EV sales for the first time. BYD…
