Gartner Hype Cycle 2017: Artificial intelligence at peak hype, blockchain heads for disillusionment, but say hello to 5G August 17, 2018 The hype around artificial intelligence is at its peak, while those interested in blockchain might be heading for disillusionment. That’s according to Gartner’s annual Hype Cycle, which tracks the progress of emerging technology trends, from early innovation to becoming a household must-have. Deep learning and machine learning are at what it calls the “peak of [...]
Bad Apple: Erdogan threatens iPhone boycott after spat with US August 14, 2018 Turkey's President Recep Tayyip Erdogan called for a boycott of iPhones and other American electronic products yesterday as tensions between the two countries escalated. Erdogan remained defiant amid what he called an “economic war” with the US after Washington imposed punitive sanctions on Ankara. “Whatever we buy from abroad we are going to produce here in [...]
Tesla in legal row with investors over Elon Musk’s plan to go private | City A.M. August 13, 2018 Tesla is facing a barrage of lawsuits from investors angry at founder Elon Musk’s shock proposal to take the company private at $420 (£329) a share. The colourful entrepreneur dropped the bombshell on social media last week, claiming that funding for the move had been secured, driving shares up 11 per cent before its price [...]
Apple re-hires Tesla’s ex-engineering chief for its self-driving car unit | City A.M. August 10, 2018 Tesla’s former chief of engineering Doug Field has landed on his feet – back at his old firm Apple. Field will be joining Apple to work on its self-driving car unit Project Titan, which until recently was shrouded in relative secrecy. He previously worked at the firm on engineering Apple’s Mac computers, alongside Titan’s current [...]
The Galaxy Note 9, a smart speaker, and a partnership with Spotify: Here’s what happened at Samsung’s Unpacked event | City A.M. August 9, 2018 A new phone, a new watch, a new speaker. Samsung unveiled some fresh shiny things for you to spend your money on at its Unpacked event in New York this afternoon, and here’s a breakdown of the bits you need to know. The Galaxy Note 9 So the 6.4-inch Galaxy Note 9 underwhelmed most Samsung [...]
Apple’s iPhone LED screen maker Japan Display narrows quarterly losses, but sales take a nosedive | City A.M. August 8, 2018 Cost cuts have helped Japan Display clawed back its losses for the last three months, but crashing sales numbers stopped celebrations short. The maker of smartphone screens for companies such as Apple reported a net loss of ¥1.77bn (£12.4m) in its first quarter, at an almost 95 per cent decrease from ¥31.46bn in the same [...]
Apple denies reports that Siri is recording private conversations | City A.M. August 8, 2018 Apple has hit back at claims that its voice assistant Siri is recording conversations without user permission. In a reply to US lawmakers issued late last night, Apple said that its iPhones require users to give microphone access to Siri and third-party apps, with it being clearly stated if an app is listening at any [...]
Failure is at the core of Apple’s success August 3, 2018 IT’S OFTEN SAID that, while success is celebrated in the US, in the UK it’s only done out of a churlish sense of wanting that person to subsequently fail. As a regular commuter to the States – I spent last week meeting with clients in New York, and I’m writing this in Soho House [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
Nasdaq website shows Apple hitting a $1,000,000,000,000 valuation | City A.M. August 2, 2018 The Nasdaq’s website showed Apple finally hitting a $1 trillion valuation on Thursday afternoon – but some analysts warned it still has a little way to go to reach the landmark. Apple’s share price is trading at $205.52 at the time of writing, taking it over the trillion-dollar mark by more than $10bn, according to [...]