A federal judge has ruled that Google’s search business constitutes an illegal monopoly. This ruling supports the position of state and federal antitrust enforcers who argued that Google’s dominance in search is unlawful.

Apple could gain advantage from Google’s antitrust loss

The biggest and most anticipated update is being worked on Apple's new iOS 18, however, there are chances that this may turn out to be a nightmare for some iPhone users.

According to the tech giant's former employee, the new update can result in battery deterioration and lagging in older iPhones like the X, 11, 12 and 13.

This is because iOS 18 is being shaped by one of the biggest updates introduced by the company in recent years which includes adding cutting-edge artificial intelligence.

These new AI-powered features along with other updates will need more power which can prove difficult for other older models.&nbsp;

<h2>Here's what Apple's former employee warned about updates</h2>

Taking to social media, a former employee of Apple said that many iPhone users are likely to face a major downside of iOS 18 which is it will slow down the phone.&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/india-union-government-flags-critical-flaws-found-in-iphones-ipads-and-macbooks-747080">India: Union government flags critical flaws found in iPhones, iPads, and MacBooks</a>

Former Apple Sales Specialist and content creator Tyler Morgan took to TikTok to warn people against downloading iOS 18 on their phones.

"If your phone is running perfectly well and you don't care too much about the new iOS, don't update," Morgan said in the video.

iPhones, which were&nbsp;launched in 2018, can also support iOS 18.&nbsp;

"It's a new update that uses more power that's really going to drain your battery and f***ing deteriorate your battery health like crazy. What happens when your battery health starts deteriorating? Your&nbsp;f***ing phone starts lagging," he said.&nbsp;

<h2>Here's what the new AI-driven updates will introduce in iPhone</h2>

Once the new updates are launched in mid-September, various new features will be added to the iPhone which will include 'Tap to Cash' to make it easier for friends to pay, hidden apps and the own artificial intelligence system of Apple called 'Apple Intelligence'.

Watch:&nbsp;Apple warns iPhone users in 98 countries about spyware attack

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/apple-warns-iphone-users-in-98-countries-about-spyware-attack-740096/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

A few old iPhone users downloaded the beta version of iOS 18 and are reportedly facing lagging in the device.

Speaking about it, a Reddit user&nbsp;said, "iOS 18 has been so slow on the XR, it's crazy how bad it is. Omg. The phone has been slower than my old iPhone 6s."

(With inputs from agencies)

The biggest and most anticipated update is being worked on Apple's new iOS 18, however, there are chances that this may turn out to be a nightmare for some iPhone users.

The biggest and most anticipated update is being worked on Apple's new iOS 18, however, there are chances that this may turn out to be a nightmare for some iPhone users. According to the tech giant's former employee, the new update can result in battery deterioration and lagging in older iPhones like the X, 11, 12 and 13. This is because iOS 18 is being shaped by one of the biggest updates introduced by the company in recent years which includes adding cutting-edge artificial intelligence. These new AI-powered features along with other updates will need more power which can prove difficult for other older models. Here's what Apple's former employee warned about updates Taking to social media, a former employee of Apple said that many iPhone users are likely to face a major downside of iOS 18 which is it will slow down the phone. Also Read: India: Union government flags critical flaws found in iPhones, iPads, and MacBooks Former Apple Sales Specialist and content creator Tyler Morgan took to TikTok to warn people against downloading iOS 18 on their phones. "If your phone is running perfectly well and you don't care too much about the new iOS, don't update," Morgan said in the video. iPhones, which were launched in 2018, can also support iOS 18. "It's a new update that uses more power that's really going to drain your battery and f***ing deteriorate your battery health like crazy. What happens when your battery health starts deteriorating? Your f***ing phone starts lagging," he said. Here's what the new AI-driven updates will introduce in iPhone Once the new updates are launched in mid-September, various new features will be added to the iPhone which will include 'Tap to Cash' to make it easier for friends to pay, hidden apps and the own artificial intelligence system of Apple called 'Apple Intelligence'. Watch: Apple warns iPhone users in 98 countries about spyware attack A few old iPhone users downloaded the beta version of iOS 18 and are reportedly facing lagging in the device. Speaking about it, a Reddit user said, "iOS 18 has been so slow on the XR, it's crazy how bad it is. Omg. The phone has been slower than my old iPhone 6s." (With inputs from agencies)

New iOS update to turn into a nightmare for users of older iPhones? Here's what Apple's ex-employee warned

The so-called 'Magnificent Seven' tech giants are poised to lose approximately USD 800 billion in market value as investors grapple with growing recession fears and concerns over the sustainability of artificial intelligence (AI) investments. This massive sell-off, which unfolded on Monday, has sent shockwaves through the technology sector and broader financial markets.

Apple, Tesla, Alphabet, Amazon, Nvidia, Microsoft, and Meta Platforms – the companies that have been driving much of the stock market's gains in recent months – all experienced significant declines. Apple, Tesla, Alphabet, and Amazon each saw their stock prices drop by more than 4%, while Nvidia suffered a staggering 7% fall. Microsoft and Meta Platforms were not spared, with both declining by 3%.

The sell-off was exacerbated by news that Warren Buffett's Berkshire Hathaway had reduced its stake in Apple by half. This move by one of the world's most renowned investors raised additional concerns about the tech industry's outlook, particularly given Apple's status as Berkshire's top holding.

Adding to the market turbulence, reports emerged of design flaws and production issues potentially delaying the launch of Nvidia's new AI processor. This news hit Nvidia particularly hard, as the company has been at the forefront of the AI revolution and a favourite among investors betting on the technology's future.

The broader semiconductor industry also felt the impact, with the Philadelphia Semiconductor Index (SOX) declining by 2.6%, bringing its three-day loss to a substantial 14%. This downturn in chip stocks underscores the growing unease about the massive capital expenditures required to build AI infrastructure and the uncertain timeline for realising returns on these investments.

Dan Coatsworth, an investment analyst at AJ Bell, commented on the situation, saying, "Expectations have arguably become too high for the so-called Magnificent Seven group of companies. Their success has made them untouchable in the eyes of investors and when they fall short of greatness, out come the knives."

The tech sell-off comes in the wake of a weak U.S. payrolls report released on Friday, which has intensified fears of a potential recession and fueled speculation that the Federal Reserve may need to cut interest rates more quickly than previously anticipated to stave off economic contraction.

Despite the current downturn, some analysts view this as a potential buying opportunity for long-term investors. Dan Ives, a veteran tech analyst at Wedbush Securities, expressed optimism, stating, "Our playbook for 24 years covering tech stocks on the Street is we handhold investors through the panic and irrational global sell-offs to own the best tech names and winners driving the growth themes."

The so-called 'Magnificent Seven' tech giants are poised to lose approximately USD 800 billion in market value as investors grapple with growing recession fears and concerns over the sustainability of artificial intelligence (AI) investments.

The so-called 'Magnificent Seven' tech giants are poised to lose approximately USD 800 billion in market value as investors grapple with growing recession fears and concerns over the sustainability of artificial intelligence (AI) investments. This massive sell-off, which unfolded on Monday, has sent shockwaves through the technology sector and broader financial markets. Apple, Tesla, Alphabet, Amazon, Nvidia, Microsoft, and Meta Platforms – the companies that have been driving much of the stock market's gains in recent months – all experienced significant declines. Apple, Tesla, Alphabet, and Amazon each saw their stock prices drop by more than 4%, while Nvidia suffered a staggering 7% fall. Microsoft and Meta Platforms were not spared, with both declining by 3%. The sell-off was exacerbated by news that Warren Buffett's Berkshire Hathaway had reduced its stake in Apple by half. This move by one of the world's most renowned investors raised additional concerns about the tech industry's outlook, particularly given Apple's status as Berkshire's top holding. Adding to the market turbulence, reports emerged of design flaws and production issues potentially delaying the launch of Nvidia's new AI processor. This news hit Nvidia particularly hard, as the company has been at the forefront of the AI revolution and a favourite among investors betting on the technology's future. The broader semiconductor industry also felt the impact, with the Philadelphia Semiconductor Index (SOX) declining by 2.6%, bringing its three-day loss to a substantial 14%. This downturn in chip stocks underscores the growing unease about the massive capital expenditures required to build AI infrastructure and the uncertain timeline for realising returns on these investments. Dan Coatsworth, an investment analyst at AJ Bell, commented on the situation, saying, "Expectations have arguably become too high for the so-called Magnificent Seven group of companies. Their success has made them untouchable in the eyes of investors and when they fall short of greatness, out come the knives." The tech sell-off comes in the wake of a weak U.S. payrolls report released on Friday, which has intensified fears of a potential recession and fueled speculation that the Federal Reserve may need to cut interest rates more quickly than previously anticipated to stave off economic contraction. Despite the current downturn, some analysts view this as a potential buying opportunity for long-term investors. Dan Ives, a veteran tech analyst at Wedbush Securities, expressed optimism, stating, "Our playbook for 24 years covering tech stocks on the Street is we handhold investors through the panic and irrational global sell-offs to own the best tech names and winners driving the growth themes."

Tech giants face USD 800 billion market value plunge amid recession fears

Aircraft manufacturers are set to transform daily travel for passengers by introducing efficient, rapid, and eco-friendly flights within urban areas. Watch the story for more details about this development.

Electric aviation: future of domestic travel

Apple has tentatively agreed to its first collective bargaining contract with the first unionised company store in the United States, marking a major development in the tech giant's labour relations. The Coalition of Organized Retail Employees of the International Association of Machinists and Aerospace Workers, which represents workers at a retail location in Maryland, announced the agreement on Friday evening. Under the proposed three-year contract, workers would receive an average 10 per cent pay bump among other perks.

The contract must be ratified by approximately 85 employees at the Towson store in Baltimore's suburbs. The vote is set for August 6.

“By reaching a tentative agreement with Apple, we are giving our members a voice in their futures and a strong first step toward further gains,” the union’s negotiating committee said in a statement. “Together, we can build on this success in store after store.”

Apple did not immediately respond to a request for comment.

The breakthrough comes after months of very public, and at times contentious, negotiations. Employees at the Towson store voted in May to allow a strike if it came to that, saying more than a year of negotiations with management had been fruitless.&nbsp;

This Maryland store is just one of two unionised Apple stores in the country. This store voted to unionise in June 2022. Another store, in Oklahoma City, unionised with the Communications Workers of America a few months later, but has yet to secure an Apple contract.

The latest wave of unions in organising workers at top companies has been rather quite successful—from a historic victory at an Amazon warehouse in New York City to a Chipotle store in Michigan and a number of Starbucks stores across the country. Many of these new unions, though, have not secured contracts.

The tentative agreement between Apple and its Towson employees is a milestone in labour's continued push to unionise for better wages and benefits. How this vote goes will determine whether this agreement sets a precedent for other unionised Apple stores and eventually influences labour relations in the broader retail and tech industries.

Apple has tentatively agreed to its first collective bargaining contract with the first unionised company store in the United States, marking a major development in the tech giant's labour relations.

Apple has tentatively agreed to its first collective bargaining contract with the first unionised company store in the United States, marking a major development in the tech giant's labour relations. The Coalition of Organized Retail Employees of the International Association of Machinists and Aerospace Workers, which represents workers at a retail location in Maryland, announced the agreement on Friday evening. Under the proposed three-year contract, workers would receive an average 10 per cent pay bump among other perks. The contract must be ratified by approximately 85 employees at the Towson store in Baltimore's suburbs. The vote is set for August 6. “By reaching a tentative agreement with Apple, we are giving our members a voice in their futures and a strong first step toward further gains,” the union’s negotiating committee said in a statement. “Together, we can build on this success in store after store.” Apple did not immediately respond to a request for comment. The breakthrough comes after months of very public, and at times contentious, negotiations. Employees at the Towson store voted in May to allow a strike if it came to that, saying more than a year of negotiations with management had been fruitless. This Maryland store is just one of two unionised Apple stores in the country. This store voted to unionise in June 2022. Another store, in Oklahoma City, unionised with the Communications Workers of America a few months later, but has yet to secure an Apple contract. The latest wave of unions in organising workers at top companies has been rather quite successful—from a historic victory at an Amazon warehouse in New York City to a Chipotle store in Michigan and a number of Starbucks stores across the country. Many of these new unions, though, have not secured contracts. The tentative agreement between Apple and its Towson employees is a milestone in labour's continued push to unionise for better wages and benefits. How this vote goes will determine whether this agreement sets a precedent for other unionised Apple stores and eventually influences labour relations in the broader retail and tech industries.

Apple and union workers forge path-breaking collective bargaining agreement

Experts in child safety claim Apple is not doing enough to check for pictures and videos of child sexual abuse on its platforms. This raises worries about how Apple will manage more of this harmful content as artificial intelligence grows.

UK experts claim Apple failing to monitor child abuse material on its platform

Tech giant apple is undergoing a strategic shift, with India emerging as a key growth engine. Facing a slowdown in china and ongoing trade tensions, apple is looking to expand in the fastest-growing economy of the world.

Apple assembles more iPhones in India amid china’s slowdown

In a landmark decision...Apple has agreed to open its tap-and-go mobile payments system to competitors in Europe... Following eu antitrust regulators' scrutiny over alleged anti-competitive practices. Watch this report to know more on the details.

European app developers can now integrate tap-and-go payments in Apple

Tech giant Apple has issued a fresh warning to iPhone users in at least 98 countries, including in India, about a potential new mercenary spyware attack like 'Pegasus'.

Apple warns iPhone users in 98 countries about spyware attack

In a landmark decision Apple has agreed to open its tap-and-go mobile payment systems to competitors in Europe following the EU antitrust regulator scrutiny over alleged anti-competitive practices. Watch in for more details!

European App developers can now integrate tap-and-go payments

Rain AI has tapped an erstwhile high-placed executive at Apple to steer the company's energy-efficient AI chip development plans. Jean-Didier Allegrucci was behind overseeing the development of processors that allowed iPhones and Macs to work independently of Intel Corp. chips. Now, he will lead Rain AI's hardware engineering efforts, an experience base that will drive that company's forays into energy-efficient chips. 
&nbsp; 
He'll work closely alongside lead architect Amin Firoozshahian, who spent five years at Meta Platforms Inc. The high-profile recruitment is the second major hire Rain AI has made this month. 
&nbsp; 
San Francisco-based Rain AI is backed by OpenAI co-founder Sam Altman and Y Combinator. The firm belongs to the growing crop of startups that are coming up with new hardware tailor-made for AI platforms. It focuses on in-memory compute technology, relatively new and similar to the way human brains process information. This means it processes data where it is stored, avoiding energy consumption associated with shuttling data to separate processors. 
&nbsp; 
Rain AI joins Intel, Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. in researching in-memory computing, but there are a lot of challenges to climb in terms of economic viability and ecological harm with this technology. Still, if more efficient chips are wanted-and they are essential for many more AI applications to spread throughout a fully loaded swath of devices-pursuing a new compute approach is necessary. 
&nbsp; 
“Our novel compute-in-memory technology will help unlock the true potential of today’s generative AI models, and get us one step closer to running the fastest, cheapest, and most advanced AI models anywhere,” Rain AI Chief Executive Officer William Passo said in a statement. 
&nbsp; 
The focus of Rain AI on energy-efficient chips couldn't be timelier, with the surging demand for AI capabilities. It accelerates the attainment of more sustainable yet higher-performance AI hardware.

Rain AI has tapped an erstwhile high-placed executive at Apple to steer the company's energy-efficient AI chip development plans. Jean-Didier Allegrucci was behind overseeing the development of processors that allowed iPhones and Macs to work independently of Intel Corp.

Rain AI has tapped an erstwhile high-placed executive at Apple to steer the company's energy-efficient AI chip development plans. Jean-Didier Allegrucci was behind overseeing the development of processors that allowed iPhones and Macs to work independently of Intel Corp. chips. Now, he will lead Rain AI's hardware engineering efforts, an experience base that will drive that company's forays into energy-efficient chips. He'll work closely alongside lead architect Amin Firoozshahian, who spent five years at Meta Platforms Inc. The high-profile recruitment is the second major hire Rain AI has made this month. San Francisco-based Rain AI is backed by OpenAI co-founder Sam Altman and Y Combinator. The firm belongs to the growing crop of startups that are coming up with new hardware tailor-made for AI platforms. It focuses on in-memory compute technology, relatively new and similar to the way human brains process information. This means it processes data where it is stored, avoiding energy consumption associated with shuttling data to separate processors. Rain AI joins Intel, Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. in researching in-memory computing, but there are a lot of challenges to climb in terms of economic viability and ecological harm with this technology. Still, if more efficient chips are wanted-and they are essential for many more AI applications to spread throughout a fully loaded swath of devices-pursuing a new compute approach is necessary. “Our novel compute-in-memory technology will help unlock the true potential of today’s generative AI models, and get us one step closer to running the fastest, cheapest, and most advanced AI models anywhere,” Rain AI Chief Executive Officer William Passo said in a statement. The focus of Rain AI on energy-efficient chips couldn't be timelier, with the surging demand for AI capabilities. It accelerates the attainment of more sustainable yet higher-performance AI hardware.

Sam Altman backed Rain AI lands top Apple chip executive to propel energy-efficient AI chip development

Disappointment turned to anger for two sisters Parvathi and Janaki in their 20s, as they approached the entrance of the Foxconn iPhone factory in southern India.&nbsp;

After coming across a job opening advertisement on WhatsApp, they arrived for interviews in March 2023, hopeful for new opportunities.&nbsp;

However, their ambitions were halted at the gate by a security guard's discriminatory question, "Are you married?"

Also read:&nbsp;<a href="https://www.wionews.com/world/indian-american-motel-manager-hemant-mistry-punched-to-death-in-oklahoma-suspect-arrested-video-735238">Indian American motel manager Hemant Mistry punched to death in Oklahoma, suspect arrested | Video</a>

"We did not get the jobs as we both are married," Parvathi said in an interview at her village shanty.

“Disappointingly, even the auto-rickshaw driver who brought us here said, they wouldn't hire married women. Despite that, we held onto hope and decided to try anyway."

According to a Reuters investigation, Foxconn has analytically excluded married women from jobs at its main India iPhone assembly plant, on basis they have more family responsibilities than their unmarried counterparts.

S. Paul, a former human-resources executive at Foxconn India, said company relies on Indian recruitment agencies to find potential employees. These agencies are briefed verbally by Foxconn on the company's hiring criteria. This includes the initial candidate scouting, interview scheduling, and ultimately the hiring decisions. &nbsp;

Foxconn usually doesn't hire married women because of cultural issues and societal pressures, said Paul, who said he left the company in August 2023 for a better-paying role at a consulting firm.

The company's vision was that there were issues with women employees post-marriage, Paul added. “Among them were&nbsp;women have babies after marriage. Risk factors increase when you hire married women," he said.

Paul's account was confirmed by 17 employees from over a dozen Foxconn hiring agencies in India, and four current and ex-Foxconn HR executives.&nbsp;

Agents and company HR sources cited reasons such as family duties, pregnancy, and higher absenteeism to justify excluding them.&nbsp;

Additionally, many of these people also claimed jewellery worn by married Hindu women could interfere with production.

Also read:&nbsp;<a href="https://www.wionews.com/world/trudeaus-debacle-in-canadas-raise-questions-over-his-political-longevity-735202">Trudeau's debacle in Canada raises questions about his 'political longevity'</a>

The ban isn't permanent. Three former Foxconn HR executives told Reuters that the Taiwan-headquartered manufacturer relaxes the practice of not hiring married women during high-production periods when it sometimes faces labour shortages.

In certain cases, hiring agencies also help female candidates conceal their marital status to secure jobs, Reuters found.

However, in response to questions from Reuters, Apple and Foxconn acknowledged lapses in hiring practices in 2022 and said they had worked to address the issues.&nbsp;

All the discriminatory practices documented by Reuters at the Sriperumbudur plant in Chennai, however, took place in 2023 and 2024. The companies didn't address those instances.&nbsp;

Though Indian law doesn't bar companies from discriminating in hiring based on marital status, Apple's and Foxconn's policies prohibit such practice in their supply chains.

Apple told Reuters it upholds the "highest supply chain standards in the industry," and noted that Foxconn employs some married women in India.

"When apprehension about hiring practices were first raised in 2022 we immediately took action and worked with our supplier to conduct monthly audits to identify issues and ensure that our high standards are upheld," Apple said in a statement.&nbsp;

However, Foxconn said it "vigorously refutes allegations of employment discrimination based on marital status, gender, religion or any other form."

(With inputs from agencies)

Disappointment turned to anger for two sisters Parvathi and Janaki in their 20s, as they approached the entrance of the Foxconn iPhone factory in southern India.

Disappointment turned to anger for two sisters Parvathi and Janaki in their 20s, as they approached the entrance of the Foxconn iPhone factory in southern India. After coming across a job opening advertisement on WhatsApp, they arrived for interviews in March 2023, hopeful for new opportunities. However, their ambitions were halted at the gate by a security guard's discriminatory question, "Are you married?" Also read: Indian American motel manager Hemant Mistry punched to death in Oklahoma, suspect arrested | Video "We did not get the jobs as we both are married," Parvathi said in an interview at her village shanty. “Disappointingly, even the auto-rickshaw driver who brought us here said, they wouldn't hire married women. Despite that, we held onto hope and decided to try anyway." According to a Reuters investigation, Foxconn has analytically excluded married women from jobs at its main India iPhone assembly plant, on basis they have more family responsibilities than their unmarried counterparts. S. Paul, a former human-resources executive at Foxconn India, said company relies on Indian recruitment agencies to find potential employees. These agencies are briefed verbally by Foxconn on the company's hiring criteria. This includes the initial candidate scouting, interview scheduling, and ultimately the hiring decisions. Foxconn usually doesn't hire married women because of cultural issues and societal pressures, said Paul, who said he left the company in August 2023 for a better-paying role at a consulting firm. The company's vision was that there were issues with women employees post-marriage, Paul added. “Among them were women have babies after marriage. Risk factors increase when you hire married women," he said. Paul's account was confirmed by 17 employees from over a dozen Foxconn hiring agencies in India, and four current and ex-Foxconn HR executives. Agents and company HR sources cited reasons such as family duties, pregnancy, and higher absenteeism to justify excluding them. Additionally, many of these people also claimed jewellery worn by married Hindu women could interfere with production. Also read: Trudeau's debacle in Canada raises questions about his 'political longevity' The ban isn't permanent. Three former Foxconn HR executives told Reuters that the Taiwan-headquartered manufacturer relaxes the practice of not hiring married women during high-production periods when it sometimes faces labour shortages. In certain cases, hiring agencies also help female candidates conceal their marital status to secure jobs, Reuters found. However, in response to questions from Reuters, Apple and Foxconn acknowledged lapses in hiring practices in 2022 and said they had worked to address the issues. All the discriminatory practices documented by Reuters at the Sriperumbudur plant in Chennai, however, took place in 2023 and 2024. The companies didn't address those instances. Though Indian law doesn't bar companies from discriminating in hiring based on marital status, Apple's and Foxconn's policies prohibit such practice in their supply chains. Apple told Reuters it upholds the "highest supply chain standards in the industry," and noted that Foxconn employs some married women in India. "When apprehension about hiring practices were first raised in 2022 we immediately took action and worked with our supplier to conduct monthly audits to identify issues and ensure that our high standards are upheld," Apple said in a statement. However, Foxconn said it "vigorously refutes allegations of employment discrimination based on marital status, gender, religion or any other form." (With inputs from agencies)

Foxconn factory in India accused of denying jobs to married women: Report

As part of its long-term strategy to reduce dependence in China, American Tech giant Apple has been making forays into India well not directly but via contract manufacturers who set up Mass assembly lines to assemble millions of Apple phones. Recent reports indicate that a major Apple contract manufacturer in India is discriminating against married women and prefers to recruit only unmarried women. Taiwanese firm Foxconn is the world's largest contract manufacturer. Watch in for more details!

Apple supplier Foxconn discriminating against married women in India?

Shares of Nvidia jumped 5 per cent on Tuesday after a 3-day slump that wiped off $430 billion from its market valuation. The tumble saw them lose around 13 per cent since the July 18 high. The drop followed a rally that accelerated after a 10-for-1 stock split. The drop also prompted speculations&nbsp;about a potential 'bubble' that could burst sooner or later.

Nvidia's shares, which last week momentarily overtook Apple as the most valuable business in the world, are up 152 per cent this year and made up about 30 per cent of the S&amp;P 500's year-to-date return. This year, the index is up 14.6 per cent.

Though the recent decline in the share price of the company seems to have made traders more cautious, there was clear bullishness surrounding Nvidia in the options market.

Surging demand for AI technology has significantly benefited Nvidia. The company holds an almost 80 per cent share of the AI chip market, particularly in data centres. Their H100 accelerators facilitate complex AI computations, resulting in a revenue increase exceeding 125 per cent year-over-year. This trend continued last quarter, with Nvidia's data centre business experiencing a 427 per cent growth, generating $22.6 billion.

Analysts like Daniel Ives of Wedbush Securities estimate that Nvidia, Apple, and Microsoft are in a fierce competition to be the first companies in the technology sector to reach a $4 trillion market cap. With AI skills, each is delving deeply into its competitive advantages in an effort to win over investors.&nbsp;

Shares of Nvidia jumped 5 per cent on Tuesday after a 3-day slump that wiped off $430 billion from its market valuation. The tumble saw them lose around 13 per cent since the July 18 high.

Shares of Nvidia jumped 5 per cent on Tuesday after a 3-day slump that wiped off $430 billion from its market valuation. The tumble saw them lose around 13 per cent since the July 18 high. The drop followed a rally that accelerated after a 10-for-1 stock split. The drop also prompted speculations about a potential 'bubble' that could burst sooner or later. Nvidia's shares, which last week momentarily overtook Apple as the most valuable business in the world, are up 152 per cent this year and made up about 30 per cent of the S&P 500's year-to-date return. This year, the index is up 14.6 per cent. Though the recent decline in the share price of the company seems to have made traders more cautious, there was clear bullishness surrounding Nvidia in the options market. Surging demand for AI technology has significantly benefited Nvidia. The company holds an almost 80 per cent share of the AI chip market, particularly in data centres. Their H100 accelerators facilitate complex AI computations, resulting in a revenue increase exceeding 125 per cent year-over-year. This trend continued last quarter, with Nvidia's data centre business experiencing a 427 per cent growth, generating $22.6 billion. Analysts like Daniel Ives of Wedbush Securities estimate that Nvidia, Apple, and Microsoft are in a fierce competition to be the first companies in the technology sector to reach a $4 trillion market cap. With AI skills, each is delving deeply into its competitive advantages in an effort to win over investors.

Nvidia shares rebound after $430 billion market slump

Tencent's new mobile game 'Dungeon & Fighter Mobile' has been a huge success in China. The game itself has generated more than $270 million on Apple IOS in its first month after the release. Now this game has generated more than double the sales from Tencent's previous game honor of kings. The long-standing best-seller game in China.

Tencent's 'Dungeon & Fighter Mobile' success

Apple is once again under fire from European regulators. The EU has accused the tech giant of violating the digital markets act, claiming Apple's app store policies unfairly restrict app developers. This could lead to significant fines for the company. Take a look at this next report…

EU opens another probe into Apple's third-party app contract

European Commission&nbsp;said Monday (June 24) that Apple's App Store rules violate the EU's landmark Digital Markets Act (DMA).

The Commission's preliminary findings indicate that Apple is restricting app developers from freely communicating with customers and directing them to alternative purchasing options outside the App Store.

The DMA, which came into effect in March 2024, is vying to limit the power of large tech platforms and ensure a level playing field for smaller businesses.

A key provision of the law prohibits so-called "gatekeepers" like Apple from preventing app developers from informing users about more cost-effective alternatives or subscription options beyond the app store.

Also Read |&nbsp;<a href="https://www.wionews.com/world/us-prosecutors-push-for-criminal-charges-against-boeing-over-737-max-crash-settlement-breach-reports-734675">US prosecutors push for criminal charges against Boeing over 737 Max crash settlement breach – Reports</a>

However, the Commission's investigation found that Apple's current policies do not fully allow such "steering" by developers.

"Our preliminary position is that Apple does not fully allow steering," said Margrethe Vestager, the EU's Executive Vice-President in charge of competition policy.

"Steering is key to ensure that app developers are less dependent on gatekeepers' app stores and for consumers to be aware of better offers."

The Commission also argued that the fees Apple charges developers for acquiring new customers through the App Store go "beyond what is strictly necessary" under the DMA.

Also Read |&nbsp;<a href="https://www.wionews.com/world/at-least-20-dead-after-major-fire-breaks-out-at-south-korean-battery-plant-734571">At least 22 dead after major fire breaks out at South Korean battery plant</a>

EU has also opened a separate investigation into Apple's new contractual requirements for third-party app developers and app stores, including a "Core Technology Fee" that developers must pay.

<h2>Apple could face fines</h2>

Apple now has the opportunity to respond to the Commission's preliminary conclusions. If the EU's concerns are ultimately confirmed, Apple could face fines of up to 10 per cent of its global annual turnover for breaching the DMA.

Watch |&nbsp;<a href="https://www.wionews.com/videos/israel-hamas-war-israeli-pm-says-intense-phase-of-the-war-nearing-end-734686">Israel-Hamas War: Israeli PM says intense phase of the war nearing end</a>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/israel-hamas-war-israeli-pm-says-intense-phase-of-the-war-nearing-end-734686/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

The tech giant has maintained that it has already made changes to comply with the new EU rules, stating that "more than 99 per cent of developers would pay the same or less in fees to Apple under the new business terms we created."

This latest development marks an escalation in the EU's efforts to rein in the power of Big Tech platforms.

With the Digital Markets Act now in force, regulators are demonstrating their willingness to take on even the largest and most influential companies to ensure a more competitive and consumer-friendly digital space.

(With inputs from agencies)

European Commission said Monday (June 24) that Apple's App Store rules violate the EU's landmark Digital Markets Act (DMA). The Commission's preliminary findings indicate that Apple is restricting app developers from freely communicating with customers and directing them to alternative purchasing options outside the App Store.

European Commission said Monday (June 24) that Apple's App Store rules violate the EU's landmark Digital Markets Act (DMA). The Commission's preliminary findings indicate that Apple is restricting app developers from freely communicating with customers and directing them to alternative purchasing options outside the App Store. The DMA, which came into effect in March 2024, is vying to limit the power of large tech platforms and ensure a level playing field for smaller businesses. A key provision of the law prohibits so-called "gatekeepers" like Apple from preventing app developers from informing users about more cost-effective alternatives or subscription options beyond the app store. Also Read | US prosecutors push for criminal charges against Boeing over 737 Max crash settlement breach – Reports However, the Commission's investigation found that Apple's current policies do not fully allow such "steering" by developers. "Our preliminary position is that Apple does not fully allow steering," said Margrethe Vestager, the EU's Executive Vice-President in charge of competition policy. "Steering is key to ensure that app developers are less dependent on gatekeepers' app stores and for consumers to be aware of better offers." The Commission also argued that the fees Apple charges developers for acquiring new customers through the App Store go "beyond what is strictly necessary" under the DMA. Also Read | At least 22 dead after major fire breaks out at South Korean battery plant EU has also opened a separate investigation into Apple's new contractual requirements for third-party app developers and app stores, including a "Core Technology Fee" that developers must pay. Apple could face fines Apple now has the opportunity to respond to the Commission's preliminary conclusions. If the EU's concerns are ultimately confirmed, Apple could face fines of up to 10 per cent of its global annual turnover for breaching the DMA. Watch | Israel-Hamas War: Israeli PM says intense phase of the war nearing end × The tech giant has maintained that it has already made changes to comply with the new EU rules, stating that "more than 99 per cent of developers would pay the same or less in fees to Apple under the new business terms we created." This latest development marks an escalation in the EU's efforts to rein in the power of Big Tech platforms. With the Digital Markets Act now in force, regulators are demonstrating their willingness to take on even the largest and most influential companies to ensure a more competitive and consumer-friendly digital space. (With inputs from agencies)

EU finds Apple's app store policies in breach of Digital Markets Act

Three tech giants - Nvidia, Microsoft, and Apple are racing towards an unprecedented 4 trillion dollar market cap, each fueled by advancements in artificial intelligence. Watch in for more details!

Who will hit $4 trillion market cap first?

Nvidia becomes the world's most valuable company, surpassing tech giants Microsoft and Apple. Nvidia's market capitalization reached $3.33 trillion, driven by a 3.2 percent rise in its stock price. To put that into perspective, the valuation of the tech giant now equals that of India's GDP.

Gravitas: Nvidia's market value surpasses Microsoft & Apple

Nvidia has stormed the technology market, surging past giants Apple and Microsoft to become the world's most valuable company. That marks a new high point for the dominance of AI in the investor landscape. Nvidia's shares advanced as much as 3.6 per cent on June 18 to lift its market cap to a record $3.34 trillion, pushing it past Microsoft's $3.32 billion and Apple's $3.29 trillion.&nbsp;

Nvidia's meteoric rise is mostly due to surging demand for AI technology. The firm took a nearly 80 per cent share in the AI chip market, particularly in data centres. Its H100 accelerators play a huge part in running complex AI computations and conclusively led to Nvidia strengthening its sales. That also means that the revenues have increased by more than 125 percent just last year. Nvidia's data centre business posted astonishing 427 per cent year-over-year growth last quarter and delivered $22.6 billion, that is 86 per cent of its total sales.&nbsp;

According to Bloomberg, this ranking shift is a testament to AI's paramount significance for investors. With technology at the core of powering data centres and facilitating complex AI tasks, Nvidia is truly at the very frontline in this revolution of AI technology. This surge in AI-driven demand has taken the stock price by more than 170 per cent in 2024 alone, adding over $2 trillion to its market cap.&nbsp;

Success doesn't come just from chip sales at Nvidia-it comes from panoramic systems; company-proprietary software and a complete development ecosystem. "They're not just selling chips, they're selling systems," says Michael Lippert, vice president and portfolio manager at Baron Capital Inc.&nbsp;

More than that, however, such a shift by Nvidia from merely being a niched chipmaker for gamers to dominating AI hardware demonstrates the strategic agility this company possesses. Earlier known for its graphics chips that powered elaborate gaming, Nvidia diversified into AI, cryptocurrency mining chips, and cloud gaming subscriptions. &nbsp;

While Nvidia continues to dominate the AI hardware market, Microsoft and Apple are leading in terms of actually putting AI to work. Microsoft, which made a massive bet on OpenAI, has been pushing AI models into its core products, including Office and Windows. Microsoft is also one of the biggest buyers of Nvidia’s graphics processing units (GPUs) for its Azure cloud service. Apple has just announced its AI plans, and this has stirred investors' interest, sending its stock briefly higher.&nbsp;

Estimates from analysts such as Wedbush Securities' Daniel Ives peg Nvidia, Apple, and Microsoft to be embroiled in a hot contest toward becoming the first to hit $4 trillion in market cap in the technology sector. Each is digging deep into its competitive advantages with AI expertise in hopes of gaining investor sentiment.&nbsp;

Nvidia's climb to the top has been steep and record. Its share price has more than increased ninefold since the end of 2022, the time of the AI explosion. The rise catapulted the net worth of its co-founder CEO Jensen Huang to about $117 billion, easily making him the 11th wealthiest person in the world.&nbsp;

With Nvidia on a continuous rise, the million-dollar question on everyone's mind seems to be whether it can really hold on to its upward trajectory to be the first tech company with $4 trillion in market capitalisation. Its ingenious handling of the fact that AI has stormily taken over the world of technology and investor interest does give Nvidia an edge over other companies in the digital space. In the dynamic technology sphere of competition, Apple and Microsoft will also be strong contenders for the race.&nbsp;

Nvidia has stormed the technology market, surging past giants Apple and Microsoft to become the world's most valuable company. That marks a new high point for the dominance of AI in the investor landscape.

Nvidia has stormed the technology market, surging past giants Apple and Microsoft to become the world's most valuable company. That marks a new high point for the dominance of AI in the investor landscape. Nvidia's shares advanced as much as 3.6 per cent on June 18 to lift its market cap to a record $3.34 trillion, pushing it past Microsoft's $3.32 billion and Apple's $3.29 trillion. Nvidia's meteoric rise is mostly due to surging demand for AI technology. The firm took a nearly 80 per cent share in the AI chip market, particularly in data centres. Its H100 accelerators play a huge part in running complex AI computations and conclusively led to Nvidia strengthening its sales. That also means that the revenues have increased by more than 125 percent just last year. Nvidia's data centre business posted astonishing 427 per cent year-over-year growth last quarter and delivered $22.6 billion, that is 86 per cent of its total sales. According to Bloomberg, this ranking shift is a testament to AI's paramount significance for investors. With technology at the core of powering data centres and facilitating complex AI tasks, Nvidia is truly at the very frontline in this revolution of AI technology. This surge in AI-driven demand has taken the stock price by more than 170 per cent in 2024 alone, adding over $2 trillion to its market cap. Success doesn't come just from chip sales at Nvidia-it comes from panoramic systems; company-proprietary software and a complete development ecosystem. "They're not just selling chips, they're selling systems," says Michael Lippert, vice president and portfolio manager at Baron Capital Inc. More than that, however, such a shift by Nvidia from merely being a niched chipmaker for gamers to dominating AI hardware demonstrates the strategic agility this company possesses. Earlier known for its graphics chips that powered elaborate gaming, Nvidia diversified into AI, cryptocurrency mining chips, and cloud gaming subscriptions. While Nvidia continues to dominate the AI hardware market, Microsoft and Apple are leading in terms of actually putting AI to work. Microsoft, which made a massive bet on OpenAI, has been pushing AI models into its core products, including Office and Windows. Microsoft is also one of the biggest buyers of Nvidia’s graphics processing units (GPUs) for its Azure cloud service. Apple has just announced its AI plans, and this has stirred investors' interest, sending its stock briefly higher. Estimates from analysts such as Wedbush Securities' Daniel Ives peg Nvidia, Apple, and Microsoft to be embroiled in a hot contest toward becoming the first to hit $4 trillion in market cap in the technology sector. Each is digging deep into its competitive advantages with AI expertise in hopes of gaining investor sentiment. Nvidia's climb to the top has been steep and record. Its share price has more than increased ninefold since the end of 2022, the time of the AI explosion. The rise catapulted the net worth of its co-founder CEO Jensen Huang to about $117 billion, easily making him the 11th wealthiest person in the world. With Nvidia on a continuous rise, the million-dollar question on everyone's mind seems to be whether it can really hold on to its upward trajectory to be the first tech company with $4 trillion in market capitalisation. Its ingenious handling of the fact that AI has stormily taken over the world of technology and investor interest does give Nvidia an edge over other companies in the digital space. In the dynamic technology sphere of competition, Apple and Microsoft will also be strong contenders for the race.

Nvidia's unstoppable ascent: Forces behind its rise and its quest for a $4 trillion market cap

Apple Inc stated on Monday that it will end its "buy now, pay later" (BNPL) service, Apple Pay Later, in the United States as it prepares to introduce a new lending program. Users will be able to receive instalment loans using credit and debit cards, as well as various lenders, while paying with Apple Pay beginning later this year, according to the business.<o:p></o:p>

"This solution will enable us to bring flexible payments to more users, in more places across the globe in collaboration with Apple Pay-enabled banks and lenders," said Apple.<o:p></o:p>

The move is part of Apple's overall goal to improve its financial services offering. In comparison to the current BNPL service, the new program&nbsp;is expected to provide users with more flexibility and options.<o:p></o:p>

Despite the closure of Apple Pay Later, current users with open loans can continue manage and pay them using the Wallet app. Apple Pay Later, which was introduced to a restricted group of users in March of last year, allowed customers to split purchases into four instalments over six weeks without incurring any interest or fees.<o:p></o:p>

The decision to discontinue the BNPL service in favour of the new loan program represents a fundamental shift in Apple's approach to consumer financing. Apple Pay's integration with credit and debit cards, as well as partnerships with established lenders, promises to deliver a more comprehensive and accessible financial service.<o:p></o:p>

(With inputs from Agencies)

Apple Inc stated on Monday that it will end its "buy now, pay later" (BNPL) service, Apple Pay Later, in the United States as it prepares to introduce a new lending program.

Apple Inc stated on Monday that it will end its "buy now, pay later" (BNPL) service, Apple Pay Later, in the United States as it prepares to introduce a new lending program. Users will be able to receive instalment loans using credit and debit cards, as well as various lenders, while paying with Apple Pay beginning later this year, according to the business. "This solution will enable us to bring flexible payments to more users, in more places across the globe in collaboration with Apple Pay-enabled banks and lenders," said Apple. The move is part of Apple's overall goal to improve its financial services offering. In comparison to the current BNPL service, the new program is expected to provide users with more flexibility and options. Despite the closure of Apple Pay Later, current users with open loans can continue manage and pay them using the Wallet app. Apple Pay Later, which was introduced to a restricted group of users in March of last year, allowed customers to split purchases into four instalments over six weeks without incurring any interest or fees. The decision to discontinue the BNPL service in favour of the new loan program represents a fundamental shift in Apple's approach to consumer financing. Apple Pay's integration with credit and debit cards, as well as partnerships with established lenders, promises to deliver a more comprehensive and accessible financial service. (With inputs from Agencies)

Apple to discontinue BNPL service in the US, introduces new loan program

A disgruntled UK man was suing Apple after his wife discovered his text messages sent to sex workers that he had apparently 'deleted' on another device. The ordeal eventually led to his divorce, for which the UK man is blaming the US phone maker. The man says Apple's lack of transparency regarding the status of deleted messages led to the collapse of his marriage.

<h2>What happened?</h2>

The man, whose name has not been disclosed publically, admitted in an interview that he contacted sex workers via the iMessage app on his iPhone.&nbsp;

He later deleted those messages on the phone, believing they were permanently erased. However, his wife later found those messages on iMac.

“If you are told a message is deleted, you are entitled to believe it’s deleted,” he was quoted as saying by The Times.

He said the ordeal led to his “painful and raw” divorce.&nbsp;

Also read:&nbsp;<a data-ved="2ahUKEwjU3_G8t-CGAxXwa2wGHbrBA9gQxfQBKAB6BAgHEAE" href="https://www.wionews.com/business-economy/apple-surpasses-microsoft-to-become-the-worlds-most-valuable-company-again-731594" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/business-economy/apple-surpasses-microsoft-to-become-the-worlds-most-valuable-company-again-731594&amp;ved=2ahUKEwjU3_G8t-CGAxXwa2wGHbrBA9gQxfQBKAB6BAgHEAE">Apple surpasses Microsoft to become the world`s most valuable company again</a>

“If I had been able to talk to her rationally and she had not had such a brutal realisation of it, I might still be married,” he said further.

The man is now seeking £5 million in damages from Apple, blaming the phone maker for his divorce and accusing it of misleading him regarding the status of his messages.

<h2>'Apple's policy not clear'</h2>

The man's attorney, Simon Walton, said the US giant has not been clear about the policy regarding the deleted messages.

“Apple had not been clear with users as to what happens to messages they send and receive and, importantly, delete,” he was quoted as saying by Telegraph.

Also read:&nbsp;<a data-ved="2ahUKEwjU3_G8t-CGAxXwa2wGHbrBA9gQxfQBKAB6BAgJEAE" href="https://www.wionews.com/technology/how-to-use-genmoji-apples-ai-powered-custom-emoji-creation-tool-on-ios-18-731242" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/technology/how-to-use-genmoji-apples-ai-powered-custom-emoji-creation-tool-on-ios-18-731242&amp;ved=2ahUKEwjU3_G8t-CGAxXwa2wGHbrBA9gQxfQBKAB6BAgJEAE">How to use Genmoji, Apple’s AI-powered custom emoji creation tool on iOS 18?</a>

“This is misleading because these messages are still found on other linked devices — something Apple doesn’t tell its users,” he said.

Walton has shown interest in getting in touch with other Apple customers who have encountered similar issues.

He believes that if Apple had communicated more clearly about message deletion across devices, it could have potentially saved his client's marriage.

(With inputs from agencies)

A disgruntled UK man was suing Apple after his wife discovered his text messages sent to sex workers that he had apparently 'deleted' on another device. The ordeal eventually led to his divorce, for which the UK man is blaming the US phone maker.

A disgruntled UK man was suing Apple after his wife discovered his text messages sent to sex workers that he had apparently 'deleted' on another device. The ordeal eventually led to his divorce, for which the UK man is blaming the US phone maker. The man says Apple's lack of transparency regarding the status of deleted messages led to the collapse of his marriage. What happened? The man, whose name has not been disclosed publically, admitted in an interview that he contacted sex workers via the iMessage app on his iPhone. He later deleted those messages on the phone, believing they were permanently erased. However, his wife later found those messages on iMac. “If you are told a message is deleted, you are entitled to believe it’s deleted,” he was quoted as saying by The Times. He said the ordeal led to his “painful and raw” divorce. Also read: Apple surpasses Microsoft to become the world`s most valuable company again “If I had been able to talk to her rationally and she had not had such a brutal realisation of it, I might still be married,” he said further. The man is now seeking £5 million in damages from Apple, blaming the phone maker for his divorce and accusing it of misleading him regarding the status of his messages. 'Apple's policy not clear' The man's attorney, Simon Walton, said the US giant has not been clear about the policy regarding the deleted messages. “Apple had not been clear with users as to what happens to messages they send and receive and, importantly, delete,” he was quoted as saying by Telegraph. Also read: How to use Genmoji, Apple’s AI-powered custom emoji creation tool on iOS 18? “This is misleading because these messages are still found on other linked devices — something Apple doesn’t tell its users,” he said. Walton has shown interest in getting in touch with other Apple customers who have encountered similar issues. He believes that if Apple had communicated more clearly about message deletion across devices, it could have potentially saved his client's marriage. (With inputs from agencies)

UK man sues Apple after wife discovers 'deleted' chat with sex worker on another device

Apple has finally embraced AI, making several major announcements at its annual WWDC 2024 developers conference. The highlight of the event was the integration of AI into its products. However, the reaction has been mixed, with many expressing disappointment in Apple's AI initiative. Find out more in this story.

Apple announces new era of AI with 'Apple Intelligence'

Let's look at Apple stocks' blistering rally this week. Apple marked its biggest three-day advance since august 2020. As a result, apple overtook Microsoft to regain its title as the world's most valuable company.

Apple tops Microsoft in market value

Apple has been sued by two female employees. They have accused the company of being sexist. Molly Gambhir gets you the complete story. Watch in for more details!

Women employees sue Apple over pay bias

Apple is facing a proposed class action lawsuit. The complaint alleges the California based company paid over 12,000 female employees less than the male counterparts in similar roles. Watch in for more details!

Apple faces class action lawsuit by employees

<h2 class="MsoNormal">Apple's market valuation hits $3.29 trillion<o:p></o:p></h2>

Apple recaptured its status as the world's most valuable company on Wednesday, beating Microsoft as the iPhone maker pushed ahead in the fight to dominate artificial intelligence technology. Apple's stock jumped nearly 4 per cent to a record $215.04, bringing its market capitalisation to $3.29 trillion. In contrast, Microsoft's market value was $3.24 trillion, marking the first time in five months that it trailed Apple. This market rally coincides with the tech-heavy Nasdaq reaching a new high, aided by hints of slowing inflation.<o:p></o:p>

<h2 class="MsoNormal">AI advances fuel stock surge<o:p></o:p></h2>

The recent leap in Apple's shares followed a 7 per cent increase in the previous session, in response to the company's announcement of AI-enabled features and software upgrades for its devices. Analysts predict that these developments will considerably increase iPhone sales. At Apple's annual developer conference on Monday, CEO Tim Cook and other executives demonstrated how the speech assistant Siri can now interact with texts, emails, calendars, and third-party apps. "All those questions about Apple's lag in AI technology were answered at the Worldwide Developers Conference," said Michael James, managing director of equity trading for Wedbush Securities in Los Angeles. The inclusion of AI capabilities in the next iPhones is expected to spark a big upgrade cycle, boosting demand for Apple's flagship product.<o:p></o:p>

<h2 class="MsoNormal">Apple's competitive edge in AI<o:p></o:p></h2>

Despite trailing competitors such as Microsoft and Alphabet in the AI industry, Apple's latest developments have alleviated concerns about its market performance. The computer giant's shares had trailed peers this year, but a good quarterly performance and a record $110 billion buyback plan unveiled in May have improved investor confidence. Apple's stock has climbed by around 12 per cent in 2024, while Microsoft's has increased by 16 per cent and Alphabet's by roughly 28 per cent.<o:p></o:p>

<h2 class="MsoNormal">Nvidia and other competitors<o:p></o:p></h2>

In the broader IT environment, AI chip leader Nvidia, which temporarily surpassed Apple's market worth last week, has seen its shares rise by 154 per cent this year, with a market capitalisation of $3.11 trillion. Meanwhile, Tesla is the only other 'Magnificent Seven' stock to have performed worse than Apple this year, with a 30 per cent drop. Despite these hurdles, Apple's strategic focus on AI, as well as its ongoing product innovation, demonstrate the company's resilience and capacity to sustain its technological leadership.<o:p></o:p>

(With inputs from agencies)<o:p></o:p>

Apple's market valuation hits $3.29 trillion Apple recaptured its status as the world's most valuable company on Wednesday, beating Microsoft as the iPhone maker pushed ahead in the fight to dominate artificial intelligence technology.

Apple's market valuation hits $3.29 trillion Apple recaptured its status as the world's most valuable company on Wednesday, beating Microsoft as the iPhone maker pushed ahead in the fight to dominate artificial intelligence technology. Apple's stock jumped nearly 4 per cent to a record $215.04, bringing its market capitalisation to $3.29 trillion. In contrast, Microsoft's market value was $3.24 trillion, marking the first time in five months that it trailed Apple. This market rally coincides with the tech-heavy Nasdaq reaching a new high, aided by hints of slowing inflation. AI advances fuel stock surge The recent leap in Apple's shares followed a 7 per cent increase in the previous session, in response to the company's announcement of AI-enabled features and software upgrades for its devices. Analysts predict that these developments will considerably increase iPhone sales. At Apple's annual developer conference on Monday, CEO Tim Cook and other executives demonstrated how the speech assistant Siri can now interact with texts, emails, calendars, and third-party apps. "All those questions about Apple's lag in AI technology were answered at the Worldwide Developers Conference," said Michael James, managing director of equity trading for Wedbush Securities in Los Angeles. The inclusion of AI capabilities in the next iPhones is expected to spark a big upgrade cycle, boosting demand for Apple's flagship product. Apple's competitive edge in AI Despite trailing competitors such as Microsoft and Alphabet in the AI industry, Apple's latest developments have alleviated concerns about its market performance. The computer giant's shares had trailed peers this year, but a good quarterly performance and a record $110 billion buyback plan unveiled in May have improved investor confidence. Apple's stock has climbed by around 12 per cent in 2024, while Microsoft's has increased by 16 per cent and Alphabet's by roughly 28 per cent. Nvidia and other competitors In the broader IT environment, AI chip leader Nvidia, which temporarily surpassed Apple's market worth last week, has seen its shares rise by 154 per cent this year, with a market capitalisation of $3.11 trillion. Meanwhile, Tesla is the only other 'Magnificent Seven' stock to have performed worse than Apple this year, with a 30 per cent drop. Despite these hurdles, Apple's strategic focus on AI, as well as its ongoing product innovation, demonstrate the company's resilience and capacity to sustain its technological leadership. (With inputs from agencies)

Apple surpasses Microsoft to become the world's most valuable company again

Female employees sue Apple over pay bias

Headlines of the hour: - Moscow: Fire at Sukhoi design bureau - PM Modi, Biden likely to meet at G7 - Biden, Zelensky sign 10-year pact - South Korea, US warn ahead of Putin's North Korea visit - Plane with bodies takes off from Kuwait - Kheer Bhawani: Security beefed up in J&K - Apple overtakes Microsoft in market cap

Kheer Bhawani: Security beefed up in J&K | PM Modi, Biden likely to meet at G7

At its Worldwide Developers Conference (WWDC) 2024 on Monday (Jun 10), tech giant Apple, in partnership with OpenAI, rolled out ‘Apple Intelligence’ with a slew of artificial intelligence (AI)-powered features, including its highly anticipated custom emoji creation tool, Genmoji. Here’s all you need to know about the emoji instrument.

<h2>What is Genmoji?</h2>

Genmoji, short for “generative emoji”, lets iPhone, iPad and Mac users describe the emoji they want and generates unique, personalised emojis using AI.&nbsp;

Although iOS currently offers a sizable library of nearly 3,800 standard emoji to choose from, the new Genmoji capability will provide greater flexibility to users by tailoring them in line with the user’s taste and choice of expression in conversations.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/technology/chinese-company-makes-successful-drone-delivery-to-mt-everest-to-aid-cleanliness-operations-729717">Chinese company makes successful drone delivery to Mt Everest, to aid cleanliness operations</a>&nbsp;

"We already offer thousands of great emoji for our users, but now with Genmoji and the power of Apple Intelligence, the possibilities for creative and personalised expression are endless," said Craig Federighi, Apple's senior vice president of Software Engineering, during the WWDC keynote.&nbsp;

The new Genmoji feature, a part of the broader Apple Intelligence AI framework, will only be available on the iPhone 15 Pro and later, recent iPad models, and Mac computers with M1 chips or newer.&nbsp;

However, it will only become available to users running iOS 18, iPadOS 18, and macOS Sequoia when those operating system updates are released this fall.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/technology/chatgpt-down-for-several-users-globally-openai-says-its-monitoring-results-728649">ChatGPT down for several users globally; OpenAI says it’s monitoring results</a>&nbsp;

Watch:&nbsp;Gravitas | Apple's AI gamble: Game changer or privacy nightmare?

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-apples-ai-gamble-game-changer-or-privacy-nightmare-730914/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<h2>How to use Genmoji to create custom emojis? Here’s what we know so far</h2>

Users will simply have to provide a text description, such as "Smiley relaxing wearing cucumbers" or "T-rex riding a skateboard while wearing a tutu," and Genmoji will create the custom emoji, providing multiple design options to choose from.&nbsp;

The AI-powered feature even allows making Genmoji based on photos of friends and family in the user's library. The custom Genmoji can be used inline in Messages chats, as sticker images, or as Tapback reactions.

(With inputs from agencies)&nbsp;

At its Worldwide Developers Conference (WWDC) 2024 on Monday (Jun 10), tech giant Apple, in partnership with OpenAI, rolled out ‘Apple Intelligence’ with a slew of artificial intelligence (AI)-powered features, including its highly anticipated custom emoji creation tool, Genmoji.

At its Worldwide Developers Conference (WWDC) 2024 on Monday (Jun 10), tech giant Apple, in partnership with OpenAI, rolled out ‘Apple Intelligence’ with a slew of artificial intelligence (AI)-powered features, including its highly anticipated custom emoji creation tool, Genmoji. Here’s all you need to know about the emoji instrument. What is Genmoji? Genmoji, short for “generative emoji”, lets iPhone, iPad and Mac users describe the emoji they want and generates unique, personalised emojis using AI. Although iOS currently offers a sizable library of nearly 3,800 standard emoji to choose from, the new Genmoji capability will provide greater flexibility to users by tailoring them in line with the user’s taste and choice of expression in conversations. Also read: Chinese company makes successful drone delivery to Mt Everest, to aid cleanliness operations "We already offer thousands of great emoji for our users, but now with Genmoji and the power of Apple Intelligence, the possibilities for creative and personalised expression are endless," said Craig Federighi, Apple's senior vice president of Software Engineering, during the WWDC keynote. The new Genmoji feature, a part of the broader Apple Intelligence AI framework, will only be available on the iPhone 15 Pro and later, recent iPad models, and Mac computers with M1 chips or newer. However, it will only become available to users running iOS 18, iPadOS 18, and macOS Sequoia when those operating system updates are released this fall. Also read: ChatGPT down for several users globally; OpenAI says it’s monitoring results Watch: Gravitas | Apple's AI gamble: Game changer or privacy nightmare? × How to use Genmoji to create custom emojis? Here’s what we know so far Users will simply have to provide a text description, such as "Smiley relaxing wearing cucumbers" or "T-rex riding a skateboard while wearing a tutu," and Genmoji will create the custom emoji, providing multiple design options to choose from. The AI-powered feature even allows making Genmoji based on photos of friends and family in the user's library. The custom Genmoji can be used inline in Messages chats, as sticker images, or as Tapback reactions. (With inputs from agencies)

How to use Genmoji, Apple’s AI-powered custom emoji creation tool on iOS 18?

Take a look at all the news from the world of technology.

EU hits China EVs with upto 38% tariffs | South Korea: Google, Apple fined

apple

Apple, News on Apple, stories on Apple, articles on Apple, Apple stories at Wion, Apple news, Apple latest news