China’s $10,000 EV Is Coming for Europe’s Carmakers
(Bloomberg) — Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region’s biggest industries. BYD Co., which overtook Tesla Inc. last year to become the biggest global EV maker, is about to raise the stakes….
iOS 18 to Use AI to Summarize Notifications, Add to Calendar, and More
Apple is poised to unveil an auto-summarization feature for notifications as part of a series of new artificial intelligence features in iOS 18, according to Bloomberg‘s Mark Gurman. In today’s edition of his “Power On” newsletter, Gurman provided more detail…
Gurman: No New Mac Studio and Mac Pro Until Mid-2025
Apple will not refresh the Mac Studio and Mac Pro with next-generation high-end chips until the middle of 2025, according to Bloomberg‘s Mark Gurman. In the latest edition of his “Power On” newsletter, Gurman said that Apple’s current schedule does…
Apple Shares Are Back to Winning Ways as AI Optimism Builds
(Bloomberg) — After months of struggles, Apple Inc. is looking a lot more like the stock market leader it used to be. Most Read from Bloomberg The iPhone maker’s shares are on pace for their best month since March 2023….
Musk Ordered to Resume Testimony in SEC Twitter Probe
(Bloomberg) — Elon Musk must submit to further questioning in the US Securities and Exchange Commission’s investigation of his 2022 Twitter Inc. acquisition, a federal judge ruled. Most Read from Bloomberg Tuesday’s decision upholds an earlier finding by a magistrate…
Elon Musk realized he needs his Supercharger team after all, weeks after axing the whole division
Tesla CEO Elon Musk is re-hiring some of the workers from the Supercharger team he dissolved two weeks ago, Bloomberg reported on Monday. Last month, Musk said in an email to his staff that he was dissolving the team behind…
Flood of Chinese Used Cooking Oil Spurs Call to Boost US Tariffs
(Bloomberg) — As President Joe Biden prepares a new wave of tariffs against China, a US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels. Most…
Apple Wrapping Up OpenAI Deal to Bring ChatGPT Features to iOS 18
Apple has closed in on a deal with OpenAI that should see ChatGPT being used to power new features in its next iPhone operating system, according to Bloomberg. In a report over the weekend, Bloomberg claimed that the two companies…
One of Tim Cook’s top executives could be Apple CEO in a few years. Here are his most likely replacements, report says.
CEO Tim Cook will be staying at Apple for at least three more years, Bloomberg reported. Cook previously said he hopes his successor will be an internal hire. According to Bloomberg, execs Jeff Williams and John Ternus could be potential…
Tesla gives back some of $82B gain from tentative China deal
(Bloomberg) — Tesla Inc. gave back some of its $82 billion gain in market value as several analysts questioned just how meaningful it is that Chief Executive Officer Elon Musk secured tacit approval to offer driver-assistance features in China. The…