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...They are also increasingly penetrating markets for industrial automation, medical devices and electric vehicles....
...The friction surrounds Apple’s preference for songs produced using Dolby Atmos, a “spatial audio” technology that surrounds listeners with sound from all directions....
...“It’s natural that there are going to be questions about new technology,” he added....
...Yearly expenses stood at less than 70 cents for each monthly user, Durov said....
...But with AI, it could be locking itself into high operating expenses that it will struggle to escape from. Quick links BHP has made a $39bn bid for Anglo American....
...TSMC plans high-volume chip production in its first Arizona plant early next year....
...Taiwan Semiconductor Manufacturing Company plans to charge customers more for making their chips outside of Taiwan, as global capacity expansion, power costs and increasingly complex cutting-edge technologies...
...and infrastructure required to support his plans....
...It’s classic “in a gold rush, buy shovels” stuff, similar to the 1990s arguments that put stratospheric valuations on telco equipment makers like Lucent and Nortel (both RIP)....
...It plans to cut spending on the unit. There are other signs that investment is slowing....
...“OpenAI, Inc has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” Musk’s lawsuit alleged....
...When free cash flow is limited, they give employees a reason to stick around while also keeping companies’ cash expenses down....
...Note that free cash flow does not take into account stock-based compensation expense. At Uber, this is high at $1.9bn last year....
...In one sign that Amazon is expanding beyond the retail space, however, health plan provider Blue Shield of California announced in August that Amazon Pharmacy would start dispensing some prescription medications...
...Rent the Runway, the online clothing rental pioneer, plans to lean on AI to boost its sales....
...Management will discuss strategy and capital allocation plans, and we’ll be listening closely. Unhedged has been mostly sceptical about Uber....
...The plan promises discoveries in computing, neuroscience and other areas of medical research....
...“We need our technology providers to provide us with better secured technologies,” says Riggi....
...Meanwhile, South Korea’s lead in a range of critical technologies has dwindled....
...The case revolved around an R2 patent for voltage-regulating technology in chips....
...However, WPP warned that there would be an associated restructuring expense of about £125mn in 2024....
...Overall, revenue net of interest expense increased by 13 per cent while net income was 30 per cent higher. Yet shares in Amex fell nearly 5 per cent to erase gains for the year....
...The group also outlined longer-term plans to increase investment in artificial intelligence, the metaverse and the costly infrastructure needed to support the technology....
...Anything from medical devices to electric vehicles might plausibly be considered critical infrastructure....
...“Since being a public company, Believe has systematically outperformed its objectives, delivering its IPO plan two years ahead of schedule....
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