Apple is considering charging its users up to $20 for advanced artificial intelligence features, according to analysts. The tech giant plans to introduce Apple Intelligence, its upcoming AI system, on some devices later this year. This move is part of Apple’s strategy to boost its services business, which has been growing rapidly in recent years.
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Sony’s finance chief, Hiroki Totoki, has made it clear that the company will not be revisiting the idea of making a bid for film and TV production group Paramount Global. This decision comes after reports from Japanese financial newspaper Nikkei revealed that Sony had opted out of submitting a revised offer for Paramount. In response
The recent global sell-off has caused widespread concern among analysts, with Morningstar DBRS analysts warning that sustained market declines could lead to a recession. While the direct impact of these steep market declines may be limited, the real danger lies in the potential for a self-fulfilling prophecy. If market sell-off continues, corporate CEOs may cut
The Asia-Pacific markets have been experiencing a significant sell-off, with Japan’s markets leading the losses. The Nikkei 225 and Topix dropped by 7% in volatile trading, following Friday’s sell-off where markets in the region plummeted. Japan’s Nikkei 225 and Topix fell by more than 5% and 6% respectively, marking the worst day for the broader
The Amazon Basin, holding one-fifth of the world’s fresh water, is currently at the beginning of the dry season with many of its rivers experiencing critically low levels. This situation has prompted governments in countries such as Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname, and Venezuela to consider contingency measures to address various issues caused
When looking at Berkshire Hathaway’s financials, it is clear that the company is facing a unique challenge with its cash pile. The record $276.9 billion cash hoard is a significant amount that needs to be strategically managed to ensure optimal returns for shareholders. This cash pile grew from the previous record of $189 billion, indicating
European stocks continued to plummet on Friday in the midst of a global economic downturn, mainly triggered by weak U.S. economic data. The regional Stoxx 600 index took a hit, dropping 2.48% by 3:17 p.m. London time. This steep decline brought the index below the 500-point mark for the first time since April, as reported
Meta, formerly known as Facebook, has been heavily investing in artificial intelligence (AI) for years. While some investors may be skeptical about the massive spending on AI and its pay off in the near future, CEO Mark Zuckerberg is urging them to focus on the present results. Following the company’s second-quarter earnings report, Zuckerberg and
Japan’s central bank recently announced an increase in its benchmark interest rate, moving it to “around 0.25%” from the previous range of 0% to 0.1%. This marks the highest interest rates set by the Bank of Japan since 2008. Despite this increase, the central bank expects that real interest rates will remain “significantly negative” and
The United Arab Emirates is becoming the top destination for millionaires looking to relocate, while the U.K. is projected to see a decline in its millionaire population. According to the Henley Private Wealth Migration Report, the UAE is expected to attract 6,700 millionaires by the end of 2024, significantly more than the U.S., which is