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News on Medial
Apple scurries onto the AI stage with too little, too late
Gizmodo
·
1y ago
Medial
Apple has quietly launched MLX, an open-source machine learning framework designed to run on Apple's chips. Although it may bring generative AI apps to Apple products in the future, it seems Apple has fallen behind in the AI space, with Google and OpenAI already battling it out with their advanced AI products. However, Apple's CEO Tim Cook has developed an internal chatbot service called "AppleGPT," and the company's Head of AI, John Giannandrea, aims to power Siri with generative AI. Apple's push into AI comes late compared to rivals like Google and Microsoft.
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Amazon India Caught In Slow Lane
Inc42
·
10m ago
Medial
Amazon India is lagging behind in the quick commerce game compared to competitors like Flipkart and JioMart. Despite having plenty of resources, Amazon has not embraced the quick commerce trend that has emerged in the ecommerce industry since 2020. It remains to be seen if Amazon's possible entry into the quick commerce market would be too little, too late.
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OpenAI releases statement on Suchir Balaji 2 months after his death, criticised
Inshorts
·
6m ago
Medial
OpenAI faced criticism for releasing a statement on whistleblower Suchir Balaji, calling him a "valued member of our team", nearly two months after his death. "We've reached out to...police and have offered our assistance...Out of respect, we won't be commenting further," OpenAI said. "No one believes any of this crap," an X user said. "Too little too late," said another.
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NFX's James Currier will break down MVPs at TechCrunch Early Stage 2024
TechCrunch
·
1y ago
Medial
James Currier, a founding partner at NFX, will be speaking at TechCrunch Early Stage 2024 in Boston about building minimum viable products (MVPs) in today's startup world. Currier, who has multiple successful startup ventures under his belt, will share insights on finding the right balance between building too much or too little in an MVP. Attendees will have the opportunity to ask Currier questions during a Q&A session moderated by the author. TechCrunch Early Stage is highly regarded as one of the top events of the year.
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Paytm’s switch to compliance-first mode seen too little too late
Economic Times
·
1y ago
Medial
Paytm, the digital payments company, implemented internal changes to prioritize compliance and regulatory rules. However, the efforts may have been too little, too late, as the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank due to persistent non-compliance. Paytm had focused on launching updates from the RBI and National Payments Corporation of India. The company claims to prioritize compliance, but fell short of the RBI's expectations. Paytm now aims to build strategic partnerships and focus on innovation and brand building.
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Apple halts Vision Pro 2 AR headset production: Here's why
Livemint
·
1y ago
Medial
Apple has reportedly decided to put the development of its high-end augmented reality headset, the Vision Pro 2, on hold in order to prioritize the creation of a more affordable version. The budget-friendly Vision headset is expected to launch in late 2025 with a target price of around $1,500. While the cheaper model may make some compromises in terms of design and features, Apple is careful not to sacrifice too much functionality. There is a possibility that work on the Vision Pro 2 could be resumed in the future. Apple has also announced the discontinuation of its Apple Pay Later service.
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Can Apple's iPhones pass the AI test?
Economic Times
·
11m ago
Medial
Apple is set to release a suite of iPhones featuring new software capabilities called Apple Intelligence. This move marks Apple's entry into the AI market, aiming to rejuvenate iPhone sales as consumers hold onto their devices for longer periods. The new iPhones will include features such as improved cameras and faster processors. Wall Street analysts predict that these upgrades, coupled with AI capabilities, could result in record-breaking iPhone sales for Apple. However, industry-wide concerns regarding the practicality and security of AI technology still persist.
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Apple is trying to get ‘LLM Siri’ back on track
The Verge
·
2m ago
Medial
Apple is working on revamping Siri with a generative AI, internally called “LLM Siri,” to address its struggling Apple Intelligence platform. The company faces challenges, including hesitance from software chief Craig Federighi to invest heavily in AI, and difficulties integrating old and new Siri features. Apple started late in AI development compared to competitors and is attempting a complete Siri overhaul to improve functionality. Adjustments include using AI for web searches and leveraging iPhones for enhanced data synthesis.
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A new era of smartphone wars is about to begin
Business Insider
·
1y ago
Medial
The era of smartphone wars, marked by intense competition between tech giants Apple, Samsung, and Google, appears to be entering a new phase. With the smartphone market slowing down and consumers holding onto their devices for longer, companies are turning to artificial intelligence (AI) to inject new life into their products. Apple, Samsung, and Google have all unveiled plans to integrate AI features into their upcoming devices, aiming to enhance user experiences and revitalize sales. The use of generative AI promises to bring significant changes to smartphones, offering exciting possibilities for consumers in 2024.
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Apple Considers Buying AI Startup Perplexity
Inc42
·
1m ago
Medial
Apple is reportedly considering acquiring the AI startup Perplexity to enhance its AI capabilities. Internal discussions are being held among Apple executives, including head of mergers and acquisitions Adrian Perica and services chief Eddy Cue. The potential acquisition is at an early stage, with no direct engagement yet with Perplexity’s executives. Apple aims to integrate Perplexity’s AI search engine with its Safari browser, although no formal offers have been made.
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Boosted by investment in Sarvam AI, Indian startups raise $108 million this week
Economic Times
·
1y ago
Medial
Indian startups faced a funding decline of 79% this week, with only $108 million invested across 12 rounds, compared to $514 million in 38 rounds during the same period last year. However, the week marked the largest fundraise for an India-based AI startup, Sarvam AI, securing $41 million in a Series A round led by Lightspeed Venture Partners. Despite the weekly drop, funding activity surged 81% sequentially. Early-stage startups received the majority of investments at $63 million, followed by late-stage startups at $31 million and seed-stage startups at $13.7 million.
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