Apple

New models of the Apple iPhone 16 are displayed after Apple's "It's Glowtime" event in Cupertino, California, Sept. 9, 2024.

Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales and show it is keeping up in the technology race.

Apple has chosen the slogan “It’s Glowtime” as a play on “showtime” and the glow of the new devices. The presentation features the iconic Apple logo surrounded by a colorful halo, inviting the global audience to watch this year’s event and the unveiling of their latest models.

iPhone juggernaut Apple is in talks to invest in OpenAI, the creator of ChatGPT and the biggest name in generative artificial intelligence, a news report has said.

According to the Wall Street Journal, the company founded by Steve Jobs is at the funding table as OpenAI raises more money to help meet the heavy costs of building new technology.

In 2024, it was another good year for the world’s “billionaires” club. Their combined fortune grew by $370 billion – an amount greater than the value of a banking giant like Bank of America ($308 billion).

If 2024 already looks like an annus horribilis for big tech in the EU, the months ahead could prove a winter of discontent as the bloc wields a fortified new legal armoury to bring online titans to heel.

Since August 2023, the world's largest digital platforms have faced the toughest tech regulations in the European Union, with enforcement showing no signs of slowing.

A spokesperson for Powell Jobs’ company confirmed to Business Insider that the 78-meter yacht “Venus” collided with the 106-meter yacht “Lady Moura” on July 22.

The Greek stock market closed Wednesday’s (31/7) session on a positive note, with the banking sector giving its back, stopping a six-day downward trend that had cost it -5.26%.

Apple risks billions of euros in fines after the European Union on Monday accused the iPhone maker of violating the bloc's landmark digital rules by hindering competition on its App Store.

The European Commission informed Apple in a "preliminary view" that the "App Store rules... prevent app developers from freely steering consumers to alternative channels for offers and content".

Apple has unveiled "Apple Intelligence," its suite of new AI features for its coveted devices and a partnership with OpenAI as it seeks to catch up to rivals racing ahead on adopting the white hot technology.

For months, pressure has been on Apple to persuade doubters on its AI strategy, after Microsoft and Google rolled out products in rapid-fire succession.

Apple has said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback.

The iPhone maker reported a profit of $23.6 billion on $90.8 billion in revenue in the first three months of this year.

As expected, iPhone sales dropped with pressure growing from China and increased competition from Huawei.