Apple Financial News

Epic Games is laying off about 900 employees, or 16% of its staff, Bloomberg News reported on Thursday. The job cuts were announced in a memo to staff, the report said, citing people familiar with the matter.

Investing.com -- OpenAI is in advanced negotiations with former Apple (NASDAQ:AAPL) designer Jony Ive and Japan's SoftBank (TYO:9984) over the creation of a new device that aims to become the «iPhone of artificial intelligence,» the Financial Times reported on Thursday.

The world of virtual reality (VR) is currently witnessing a surge in investor enthusiasm, sparked by recent developments. Apple's (NASDAQ:AAPL) highly anticipated Visio Pro VR headset, set to launch in early 2024, has created significant anticipation.

Apple on Thursday asked the US Supreme Court to strike down an order requiring changes to its App Store rules stemming from an antitrust case brought by «Fortnite» owner Epic Games. The iPhone maker has been in a legal battle with Epic since 2020, when the gaming firm alleged that Apple's practice of charging up to 30% commissions on in-app payments on iPhones and other devices violated US antitrust rules. Epic lost on those claims at trial in 2021, but a US District Court judge ruled that Apple's practice of banning software developers from telling customers about alternative payment methods violated a California unfair competition law.

© 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com

(Reuters) — OpenAI is in advanced talks with former Apple (NASDAQ:AAPL) designer Jony Ive and SoftBank (TYO:9984)'s Masayoshi Son to build the «iPhone of artificial intelligence», fuelled by more than $1 billion in funding from the Japanese conglomerate, the Financial Times reported on Thursday.

Sanjiv Bhasin, Director, IIFL Securities, says “we have been buying Dixon, Jio Finance, SRF, HDFC Bank and SBI Cards for the last 4-5 days and we intend to buy for the next 10 days. Dixon has run up quite a bit and now when you get this news that there will be a little bit of lag before it becomes a Make in India theme and so on.” What levels do you see on Dixon Tech in the near term? Let me make a disclosure. In the last 4-5 days, we have had some select clients who have done a SIP in 5 stocks. Top amongst that is Dixon and they are very bullish. These are certain clients who are informed investors. Dixon, Jio Finance, SRF, HDFC Bank and SBI Cards are the 5 stocks. A disclosure, we have been buying these in the last 4-5 days and we intend to buy for the next 10 days. Notwithstanding, Dixon has run up quite a bit and now when you get this news that there will be a little bit of lag before it becomes a Make in India theme and so on.

Dixon Dixon's arm Padget Electronics said it has entered into an agreement with Xiaomi to carry out manufacturing of smartphones and other related products for the company. KP Energy KP Energy has commissioned a further 10.5MW (Phase-V) ISTS connected wind power project comprising 5 numbers of WTGs of 2.1MW each at Sidhpur site in Devbhoomi Dwarka. Read more: Here's the trade setup for today's session Barbeque Nation The company has entered into a share subscription and share purchase agreement to acquire the equity shares of Blue Planet Foods by the company and its subsidiary Red Apple Kitchen Consultancy. L&T L&T said the settlement of bids, return of unaccepted equity shares and payment of consideration to eligible shareholders who participated in the buyback will take place on September 28 instead of September 29. KEC International The company has received orders from various GST authorities on September 13 and September 16. Tata Power Tata Power's subsidiary Tata Power Renewable Energy will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for TP Solar Limited (TP Solar) new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli. ONGC ONGC has inked an agreement with NTPC to develop clean energy, ET Now reported.

OpenAI temporarily disables ChatGPT's internet browsing feature: Here's why Notably, ChatGPT iOS users had received the update providing web browsing abilities as early as June but the company had to soon halt the feature after users started making use of the chatbot to access paywalled content. ChatGPT Plus and Enterprise can enable the Browse with Bing extension in the selector under GPT-4.

Apple expanding local manufacturing operations in India at the cost of China has triggered scores of reactions on social media platforms such as Weibo and X (formerly known as Twitter) questioning the quality of the latest iPhone 15s being made in the South Asian nation. Indian users and industry executives have, however, been quick to rebuff the comments, pointing to how the locally made devices were as good as any manufactured elsewhere. For the first time, India-made iPhone 15 and 15 Plus devices were made available on the first day of sale on September 22, along with China units, across the world, underlining the US smartphone maker's rapid expansion of its manufacturing operations in the world's second largest smartphone market. India is now easily the second largest assembler of iPhones globally. The launch of the latest India-made iPhones though sparked an adverse reaction in China, marked by social media posts and reactions on Chinese state media. One post on Weibo alleged that the India-made iPhone 15 units are being diverted to China after being rejected in Europe for having quality issues. State media in China denied claims of diversion.

₹23.1 crore and will be funded through internal accruals, said Barbeque Nation. Blue Planet runs an a-la-carte pan Indian cuisine restaurant chain under the brand name ‘Salt’. It was started by Chef Goutham Balasubramanium and Chef Balaji Balachander in 2013.

Apple Apple Inc.'s lucrative agreement to use Alphabet Inc.'s Google as the default search engine for the iPhone includes a provision that the two tech giants will “support and defend” the deal against government scrutiny, a top Apple executive said at an antitrust trial. Their long time contract was renegotiated in 2016 to include the provision, Apple's Senior Vice President of Services Eddy Cue disclosed Tuesday in a Washington federal court, where the US government is pressing its claim that Google operates a monopoly in the search business. Cue, the architect of the most recent version of the agreement, said the provision for a joint defence was added at Google's request. He said it was handled by company lawyers so he couldn't speak directly to why it was included.

OpenAI says ChatGPT can now browse the internet to provide users with current information and that browsing is no longer limited to data before September 2021. «Browsing is available to Plus and Enterprise users today, and we'll expand to all users soon. To enable, choose Browse with Bing in the selector under GPT-4,» the company said in a post on X, formerly known as Twitter.

Pegatron India was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together, two sources briefed on the matter told Reuters. The lapse at key Apple supplier Pegatron's only factory in India, located in the southern state of Tamil Nadu, cost two straight days of lost production.

The strategy aims to take advantage of the improved financial performance shown by firms, including the top brands globally across many industries, such as LVMH, Apple, Samsung and Visa.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! With macOS Sonoma, work and play on your Mac are even more powerful. Elevate your presence on video calls.

India's income tax department conducted searches at the premises of Apple supplier Flex in Tamil Nadu state, a source said on Wednesday. Income tax officials have visited the Chennai factory as part of the inquiry, the source said, adding that Flex has yet to be informed about the purpose of the visit. The income tax department did not immediately respond to a Reuters' request for comment.

income tax department conducted searches at the premises of Apple supplier Flex in Chennai in Tamil Nadu state, local media reported on Wednesday. The IT department did not respond to a Reuters' request for comment.

LAFC and Tigres UANL are set to face off for regional supremacy in the Campeones Cup this Wednesday. This event marks the fifth edition of the competition, which pits the current MLS Cup champions against Liga MX's Campeon de Campeones victors. LAFC is eager to continue MLS's impressive track record in this matchup, as MLS teams have emerged victorious in every edition of the Campeones Cup except for the inaugural one in 2018 when Tigres defeated Toronto FC. Here's a quick rundown of what you should be aware of before tuning in to the event.

Google argued that it needed its privacy in an antitrust trial that would spotlight its dominance in online search. «Once commercially sensitive information is disclosed in open court, the resulting harm to the party's competitive standing cannot be undone,» the internet giant wrote to the judge presiding over the case.

A top Apple executive defended the tech giant’s decision to make Google the default search engine on Apple iPhones and Macs, saying there was no “valid alternative