AI is now the bull case for the broader market—enough to even revive old tech

Companies should capitalize on the efficiencies AI offers to change how people experience their work.

Apple last week nixed its long-held “net cash neutral” target, a move analysts see as giving the company more flexibility to make massive infrastructure investments or acquisitions. Naturally, as AI is the only thing that seems to matter in tech these days, commentators rushed to speculate on potential acquisition targets in the AI space. The thing is, this may not be about AI.  Now that Apple has confirmed John Ternus as its next CEO, the market can stop treating the company’s cash shift as speculative and start treating it as strategic. Ternus, a hardware‑first leader by background, understands the value of services and has pledged to expand Apple’s services business.  Services, services, services The great thing about services is that they provide the company with a solid and predictable revenue stream to insulate it from fluctuations in product-driven business. We’ve seen this in the last few years, with Apple’s dramatically climbing services income acting as a cushion against slow

Companies are pouring money into AI, but without changing how work gets done, it won’t pay off.

As we leap into a new technological age, the old rules of capitalism still apply

Meta, Alphabet and peers are growing smartly, but their value hinges on hard-to-answer questions about AI supremacy

Actor and presenter broke his hip, right leg, pelvis and ribs when he gave a talk at CogX festival at O2 Arena in 2023 Stephen Fry is suing two companies that organised a tech conference where he was injured in 2023 after falling off the stage, high court documents show. The actor and presenter broke his hip and had multiple breaks in his right leg, pelvis and ribs when he attended the CogX festival at the O2 Arena, where he delivered a talk on artificial intelligence on 14 September 2023. Continue reading...

Beijing’s insistence that Meta unwind its deal with a Chinese A.I. start-up escalates the geopolitical fight over advanced tech.

Investors to scrutinise AI spending plans from companies that represent almost one-fifth of the S&P 500’s market cap