Apple’s AI ‘IntelliPhones’ will dominate the market, analyst says

Apple’s AI ‘IntelliPhones’ will dominate the market, analyst says

Apple’s flagship store for Smart Products in Shanghai, China.Photo: CFOTO/Future Publishing (Getty Images) Apple helped popularize smartphones. Now it’s going to push the world into the next era of telecommunications, this one characterized by a new type of device: AI-powered “IntelliPhones,” said senior Bank of America analyst Wamsi Mohan. Mortgage applications drop by 5.7% as …

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‘Godmother of AI’ Fei-Fei Li says stop worrying about an AI apocalypse

‘Godmother of AI’ Fei-Fei Li says stop worrying about an AI apocalypse

Fei-Fei Li is a computer scientist who created a massive database, ImageNet, that laid the foundation for modern artificial intelligence, earning her the nickname “godmother of AI.” Now, she’s an AI policy adviser to the Biden Administration and the co-director of Stanford’s Human-Centered AI Institute. And she thinks the widespread “doom and gloom” about generative …

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Open-source cybersecurity could derail the internet as we know it

Open-source cybersecurity could derail the internet as we know it

In March, a software bug threatened to derail large swaths of the web. XZ utils, an open-source compression tool embedded in myriad software products and operating systems, was found to have been implanted with a backdoor. The backdoor—a surreptitious entry point into the software—would have allowed a person with the requisite code to hijack the …

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Warren Buffett on AI and Berkshire Hathaway selling Apple stock

Warren Buffett on AI and Berkshire Hathaway selling Apple stock

Warren Buffett’s Berkshire Hathaway reported strong first-quarter earnings as the conglomerate kicked off its annual shareholder conference. Wegovy and Ozempic: Are we ready for weight loss drugs? Omaha, Nebraska-based Berkshire added $21 billion in cash and Treasuries to its pile, bringing it to a record $189 billion last quarter — a 13% increase in just …

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Microsoft stock pops as AI and the cloud power earnings

Microsoft stock pops as AI and the cloud power earnings

Software maker Microsoft reported strong third-quarter earnings on Thursday, led in part by its AI technology and cloud businesses, it said in a statement. Are self-driving cars safe enough yet? Microsoft’s chief financial officer Amy Hood said that for the quarter Microsoft Cloud revenue, which includes commercial and consumer products, was “driven by strong execution …

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