Apple Faces Calls To Reboot AI Strategy With Shares Slumping
Apple is facing pressure to shake up its corporate playbook to invigorate its struggling artificial intelligence efforts. From a report: Alarmed by a share slump that's erased more than $640 billion in market value this year and frustrated with delays in rolling out AI features, investors are calling for Apple to break with long-standing traditions to make a big acquisition and more aggressively pursue talent.
"Historically Apple does not do big mergers and acquisitions," said Citigroup Inc. analyst Atif Malik, noting that the last major deal was its takeover of Beats in 2014. But, he argues, "investors would turn more positive if Apple could acquire or invest a meaningful stake in an established AI provider."
Apple shares have fallen 16% this year while traders bid up the shares of peers like Meta, which is spending lavishly on AI. While Apple faces other problems, including its exposure to tariffs and regulatory issues, disappointment in bringing compelling AI features to its vast ecosystem of devices has become top of mind for investors.
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Pensioner, 69, 'becomes latest British drug mule' after being caught 'trying to smuggle 60kg of cannabis resin onto Spanish ferry'
The 69-year-old, who has not been named, was caught red-handed as he prepared to board a vessel from Ceuta, Spain's North African enclave, bound for Algeciras, near Gibraltar.
Bruno Fernandes, Diogo Dalot and Ruben Amorim lay flowers at Anfield memorial as Man United pay tribute to Liverpool star Diogo Jota and his brother Andre Silva
Bruno Fernandes, Diogo Dalot and Ruben Amorim have laid flowers on behalf of Manchester United at the Anfield memorial for Diogo Jota and his brother Andre Silva.
Christian Bale and his glamorous wife join Erling Haarland and his girlfriend at the star-studded Dolce & Gabbana Alta Moda fashion show
Batman actor Christian, 51, looked incredible as he arrived at Foro Romano in a black two-piece suit which he layered over a black T-shirt.
'Gang member' who arrived in the UK under the Homes for Ukraine scheme facing extradition for storing rocket launchers and anti-tank grenades, court hears
Mykola Kubrak, 29, is said to have carried out the offences in Ukraine between September 2021 and February 9, 2022.
Armagh Observatory Marks 230 Years of Recording Weather
Armagh Observatory is marking a very special meteorological milestone as the institute celebrates 230 years of continuous weather observation. From a report: The unbroken tradition of handwritten data makes it the longest sequence of continuous weather information gathered anywhere in the UK and Ireland. Events are being held at Armagh Observatory on Monday to mark the significant anniversary. Nowadays, most weather data is gathered only by automated weather stations, but not in Armagh, where the human touch remains.
The first handwritten recording was made on the evening of 14 July 1795, when a measurement of the temperature and air pressure was recorded on a graph at the observatory that sits above the city of Armagh. The measurement was repeated the next day and every subsequent day for the next 230 years.
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Neil Diamond, 84, bravely returns to the stage amid devastating Parkinson's battle
Seven years after announcing his retirement from touring due to a diagnosis of Parkinson's disease, the superstar, 84, pulled off an impromptu performance of one of his greatest hits of all time.
Supernanny Jo Frost reveals little known health condition which could kill her: 'It's as bad as shoving a loaded gun in my face'
Jo Frost, best known for fronting Supernanny and several spin-off series, has revealed she is living with a deadly health condition which could kill her at any moment.
Are a Few People Ruining the Internet For the Rest of Us?
A small fraction of hyperactive social media users generates the vast majority of toxic online content, according to research by New York University psychology professor Jay Van Bavel and colleagues Claire Robertson and Kareena del Rosario. The study found that 10% of users produce roughly 97% of political tweets, while just 0.1% of users share 80% of fake news.
Twelve accounts known as the "disinformation dozen" created most vaccine misinformation on Facebook during the pandemic, the research found. In experiments, researchers paid participants to unfollow divisive political accounts on X. After one month, participants reported 23% less animosity toward other political groups. Nearly half declined to refollow hostile accounts after the study ended, and those maintaining healthier newsfeeds reported reduced animosity 11 months later. The research describes social media as a "funhouse mirror" that amplifies extreme voices while muting moderate perspectives.
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Nvidia A6000 GPUs flip memory bits if beaten by GPUHammer
Rowhammer returns for more memory-meddling fun
The Rowhammer attack on computer memory is back, and for the first time, it's able to mess with bits in Nvidia GPUs, despite defenses designed to protect against this kind of hacking.…
xAI's Grok lurches into right-wing insanity, offers tips on assaulting man
MechaHitler? Garbage In, Garbage Out
Opinion So, on the 4th of July, a big deal to those on my side of the pond, Elon Musk announced, "We have improved @Grok significantly." On Tuesday, July 8, the results of those changes appeared.…
Queen Camilla cuddles her rescue dog Moley in adorable unseen photo
The royal, 77, was pictured beaming in her garden at her residence Ray Mill House in Wiltshire, while holding her sweet Jack Russell-cross, Moley.
California professor shot and killed in Greece by masked gunman in broad daylight execution
Przemyslaw Jeziorski, a UC Berkeley business professor, was shot and killed by a masked gunman in Greece in broad daylight on July 4.
Passenger jet and cargo plane miss each other by just 300ft over Russia after 'unexpected manoeuvre' by Air China flight puts it on collision course
The dramatic incident, which unfolded in the early hours of July 7 over Tuva, a mountainous region bordering Mongolia, has reignited growing fears over global aviation safety.
I went from fit and healthy to being unable to move, talk or even breathe without help in just 24 hours thanks to a rare condition... and no one knows what caused it
It's the stuff of nightmares. Fully conscious, aware of everything and everyone yet unable to move, communicate, or even breathe unassisted.
Revealed: Stepfather of grooming gang fantasist Eleanor Williams is fighting for his life after being battered at home
Ronnie Johnston (pictured), 57, was discovered with life-threatening injuries at the end-terrace property in Teasdale Road, Barrow, shortly before midnight on Saturday.
MoonPay Executives May Have Sent $250,000 To Nigerian Scammer, DoJ Filing Suggests
A Department of Justice filing aiming to recover fraudulently obtained cryptocurrency may have inadvertently revealed the scam's victims as the CEO and CFO of crypto payment firm MoonPay. From a report: The filing, which aims to seize around $40,350 in USDT frozen by Tether, reveals that two victims sent $250,300 in USDT to a person posing as Steve Witkoff, co-chair of the President Trump's inaugural committee.
However, records obtained from Binance revealed that the wallet that received the funds was registered to Ehiremen Aigbokhan, a man based in Lagos, Nigeria. The victims are identified in the filing only as "Ivan" and "Mouna." However, as outlet NOTUS noticed, Crypto payment firm Moonpay's CEO is Ivan Soto-Wright and its CFO is Mouna Ammari Siala. Furthermore, a wallet involved in the $250,300 transaction is listed by Etherscan as a MoonPay wallet.
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Arsonist gets painful dose of instant karma after setting shop on fire
A grocery store was set on fire in Buenos Aires, Argentina and authorities are looking into whether an old disputed between the owner and his former partner and her son may be related.
Azealia Banks posts shocking Conor McGregor 'nudes' as she accuses disgraced UFC legend of sexual harassment
McGregor, who has not competed in the UFC for four years, has made headlines for all the wrong reasons since his last outing against Dustin Poirier back in July 2021.
Fight Club 2.0! Brad Pitt's estranged son spends 17th birthday at boxing competition with mom Angelina Jolie
Brad Pitt's estranged son Knox celebrated his 17th birthday at a martial arts competition with mom Angelina Jolie by his side.