Bloomberg Morning Briefing Americas |
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Good morning. Donald Trump and Gavin Newsom spar as the Los Angeles clashes escalate. Trade talks between the US and China are set to kick off in London. And Apple’s big announcement looks set to disappoint. Listen to the day’s top stories. |
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Deep Dive: Apple’s Big Week |
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Tim Cook, chief executive officer of Apple, during WWDC 2024. Photographer: David Paul Morris/Bloomberg Apple’s big annual unveiling of new technology kicks off in Cupertino, California, today, but the tech giant’s efforts in AI look set to fall flat. Today’s big keynote speech will introduce redesigned software for the iPhone, iPad, Mac, Apple TV and Apple Watch. New interface elements called Liquid Glass will have the sheen and see-through visuals of a glassy surface. But on the AI front, changes will be surprisingly minor and are unlikely to impress investors already talking about the tech as an “existential risk” to Apple. The shares are down 19% this year, making them by far the biggest drag on the Nasdaq 100. Apple was already slow to launch its AI platform last year, indefinitely delayed a revamp of its Siri voice assistant and—in a symptom of its struggles—has shaken up management of its AI operations. And now the threat comes from one of its own after OG designer Jony Ive (the man behind those classic colorful iMacs and the very first iPods) signed a deal with OpenAI. |
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A white rat at Sichuan University. Photographer: China Photos/Getty Images AsiaPac College grads are lab rats in the AI experiment, Parmy Olson writes. Businesses need to find a balance between leveraging the technology and ensuring their junior staff develop strategic thinking skills. |
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Richard Ho, former trader at Headlands, arrives at federal court in New York. Photographer: Christian Monterrosa/Bloomberg Quant firm Headlands accused one of its former traders of stealing $1 billion worth of secret trading code. It’s a rare criminal case that may define how an algorithm can become stolen property and have a huge impact on Wall Street’s talent wars. |
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High school students prepare for the National College Entrance Examination in Anhui province. Photographer: AFP/Getty Images Students attempting to cheat using AI chatbots during China's high-stakes “gaokao” college entrance exam had an unpleasant shock as the country’s most popular apps disabled various functions for the duration of the tests. Asked to explain, the chatbots responded that it was to ensure fairness. |
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