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...“Apple is probably most people’s number-two digital partner globally in terms of revenue....
...These schemes help restore native forest and create economic opportunities for local communities, Apple adds. But critics have cast doubt on these plans....
...In November, Viscount Jonathan Camrose, minister for AI, said there would be no UK law on AI “in the short term”....
...Apple declined to comment on its hiring plans....
...Apple said its decision to target Epic was legal under the terms of a 2021 US court ruling, which confirmed it could terminate Epic’s account at its discretion, and was motivated by the Fortnite-maker’s...
...Rather than short-term challenges in the vehicle market spooking Apple, Munster said he thought stopping its car project was “purely a timing question relating to AI” as the company realised it was falling...
...Gary Swidler, president of Match Group, which owns Tinder, said the EU’s acceptance of Apple’s plan is “far from assured”....
...That reflects supply constraints in the short term, though a $3,499 price tag has also made it prohibitively expensive for most....
...The fee has been a focus of criticism among developers who say Apple’s new terms for the EU do not go far enough in opening up one of the world’s most popular computing platforms....
...Apple has been typically secretive about its AI plans even as big tech rivals, such as Microsoft, Google and Amazon, tout multibillion-dollar investments in the cutting-edge technology....
...Some app developers have complained about Apple’s new terms and fees, as the DMA forces the company to open up its tightly controlled App Store....
...Analysts expect the country’s economy to continue to slow in the medium term thanks to the property downturn and demographic decline....
...Bubble hunters might be able to make a better case against Apple or Microsoft: they look more expensive than the two advertisers, but without better near-term growth (in Apple’s case, growth is much lower...
...“I would say for Tesla at least, some of the sheen was unearned in terms of AI . . . [and] Apple has been less clear about how it will monetise the data it has with AI.”...
...A combination of the heavy lifting required to deliver the treatment, high costs and concerns over its efficacy and side effects means Leqembi has fallen short of expectations, according to 10 US-based doctors...
...To adhere to the DMA, Apple plans to introduce a new fee structure in the EU that will slash the amount paid by companies using the App Store to sell digital goods and services from 30 per cent to 17 per...
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Some experts have argued that both short-term macro policy support and medium-term structural policies are needed to boost the economy and confidence, but in the view of the FT’s China specialist, James...
...“In the short term this could be a bit challenging for hotels . . . but in the medium term it’s much better to have a flexible stock of Airbnb oversupply as opposed to permanent expansion of hotel room stock...
...The odd ones out are Apple and Tesla. Apple is not currently seen as a major beneficiary of the AI boom....
...But with TikTok at the centre of a geopolitical showdown between Washington and Beijing, his outlays ultimately came up short....
...“Taking the long-term view we will be able to service information needs in a deeper way and I am pretty excited about what’s ahead.”...
...He is short Tesla in his personal account. Albert Bridge Capital holds shares in Porsche SE, which is part owned by Volkswagen....
...“That’s where the use cases [for AI] explode, and where [the companies] start to significantly benefit in terms of real monetisation.” Additional reporting by Nicholas Megaw...
...So everyone piled in and production shot up, but near-term demand hasn’t materialised....
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