Billionaire Apple CEO Tim Cook was denied a credit card carrying the iPhone maker’s logo because of a snafu in the company’s troubled joint venture with Wall Street giant Goldman Sachs, according to a report. Cook, whose net worth is valued by Forbes at $2 billion, was turned down for an Apple Card after his account was flagged by credit …
Read More »Meta’s Reality Labs has lost over $21B since start of 2022
Meta’s second-quarter earnings showed that Reality Labs, its virtual and augmented reality development business, has lost a staggering $21.3 billion since January 2022 — and executives warned the bleeding will only get worse. The unit recorded $276 million in Q2 sales this year — down from the $339 million it drew in during Q1, underscoring how VR and AR technology …
Read More »Meta expects higher ad spending after Q2 of $32B in revenue
Meta Platforms forecast third-quarter revenue above market expectations on Wednesday, sending shares up on the suggestion that it anticipated higher ad spending as a result of an improving macroeconomic environment. The company expects July-September revenue in the range of $32 billion to $34.5 billion, compared with analysts’ average estimate of $31.30 billion, according to Refinitiv data. “We continue to see strong engagement …
Read More »Twitter X logo will evolve over time after debut
X owner Elon Musk is already tinkering with the platform’s updated black-and-white logo design — days after he abandoned Twitter’s iconic blue bird symbol. Musk, 52, briefly unveiled a version of the simplistic “X” design, which features white lettering on a black background, with slightly bolder lines than the original version. The revised version appeared on the company’s homepage for …
Read More »Galaxy Z Flip 5, Fold 5
Samsung Electronics on Wednesday unveiled two foldable smartphones as it continues to bet on devices with bending screens, a budding market that has yet to fully take off because of high prices. The clamshell-designed Galaxy Z Flip 5 and Galaxy Z Fold 5, a larger device that opens and folds like a book, will be available for pre-orders starting Wednesday …
Read More »GM, BMW, Honda, Mercedes to launch EV charging network in challenge to Tesla
Seven major automakers say they’re joining forces to build a North American electric vehicle charging network that would rival Tesla’s and nearly double the number of fast-charging plugs in the US and Canada. General Motors, BMW, Honda, Hyundai, Kia, Mercedes and Stellantis said Wednesday that they will share in a multi-billion dollar investment to build “high power” charging stations with …
Read More »Twitter fact-check disappears from Elon Musk post linking Bronny James cardiac arrest to COVID vaccine
A Twitter message fact-checking Elon Musk after he raised the prospect that the COVID vaccine may have played a role in USC basketball standout Bronny James suffering cardiac arrest appeared and then quickly disappeared from the rebranded site – prompting speculation that the owner of the platform had it deleted. James, an 18-year-old college freshman and the son of NBA …
Read More »Women’s jobs to be hurt more by AI than men’s, McKinsey says
When artificial intelligence begins automating jobs once done by humans, women will have to worry more than men, according to a new study by McKinsey & Co. The report, which was compiled by the consulting firm’s research arm, McKinsey Global Institute, analyzed US labor-market trends through 2030, and found that women are 1.5 times more likely to need to change …
Read More »Elon Musk hints COVID vaccine caused Bronny James’ cardiac arrest
Elon Musk floated the possibility that the COVID vaccine played a role in USC star freshman Bronny James suffering a cardiac arrest during a basketball workout in Los Angeles on Monday. James, the highly touted 18-year-old son of Lakers star LeBron James, lost consciousness before being revived Monday, according to reports. He was listed in stable condition at a Los …
Read More »Twitter rival Threads adds chronological feed as Elon Musk pushes controversial ‘X’ rebrand
Mark Zuckerberg’s Threads rolled out a chronological newsfeed for its users on Tuesday – debuting the much-requested feature amid rival Elon Musk’s controversial Twitter rebrand. Beginning this week, Threads will let users sort and view their app in a chronological format based on the accounts they follow or in the original, algorithmically driven “For You” feed, which features a mixture …
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