Tag: Tim Cook

Apple CEO Tim Cook to increase spending on suppliers in Vietnam during his visit- Details
15Apr By adminNo Comments
Technology

Apple CEO Tim Cook to increase spending on suppliers in Vietnam during his visit- Details

[ad_1] Apple Inc. Chief Executive Officer Tim Cook will announce the company is increasing its commitments to Vietnam by an unspecified amount during his visit to Hanoi.Apple will raise spending on suppliers in Vietnam in addition to supporting a local school clean water initiative, the company said in a statement. Apple has spent nearly 400 trillion dong ($16 billion) in the country since 2019 through its supply chain partners, the company said. No details on increasing supplier spending provided. Apple CEO Tim Cook visits Hanoi Cook, who landed in the capital city of Hanoi Monday morning for a two-day visit, will meet with Vietnamese programmers and content creators, news website VnExpress reported, without attribution. Vietnam has seen about a fourfold increase in companies assemblin...
Read More
iPhone production in India hits $14 billion- Apple’s Make-in-India plan a huge success?
11Apr By adminNo Comments
Technology

iPhone production in India hits $14 billion- Apple’s Make-in-India plan a huge success?

[ad_1] In a notable development for global manufacturing, reports indicate that Apple has substantially increased its iPhone production in India, reaching an impressive $14 billion worth during the last fiscal year. This surge represents a doubling of production capacity and accounts for approximately 14% of Apple's total iPhone output. The move underscores Apple's strategic efforts to diversify its manufacturing beyond its traditional stronghold in China, a decision likely influenced by ongoing geopolitical tensions.Apple's Make-in-India plan a huge success?While the majority of the production in India currently focuses on models from the iPhone 12 to the latest iPhone 15, excluding the high-end Pro and Pro Max variants, it nonetheless signifies a significant milestone for India's aspi...
Read More
5 things about AI you may have missed today: Taiwan’s AI revolution, Tim Cook advocates AI and more
25Mar By adminNo Comments
Technology

5 things about AI you may have missed today: Taiwan’s AI revolution, Tim Cook advocates AI and more

[ad_1] Nvidia CEO applauds Taiwan's key role in AI revolution; Tim Cook advocates AI for business carbon footprint reduction; UK launches AI project to track Hedgehog populations; Baidu stocks soar on Apple collaboration for AI services in China- this and more in our daily roundup. Let us take a look.1. Nvidia CEO applauds Taiwan's key role in AI revolutionNvidia CEO Jensen Huang praises Taiwan's pivotal role in the AI revolution, emphasising its central position in technological advancements. He reminisces about Nvidia's beginnings and its collaboration with Taiwanese firms like TSMC. Huang reaffirms Nvidia's commitment to innovation and partnership, recognizing Taiwan's significant contribution. He concludes by expressing gratitude and affection for his Taiwanese collaborators, accord...
Read More
5 things about AI you may have missed today: AI skills propel 54 pct pay hikes, Microsoft seeks AI gaming experts, more
24Mar By adminNo Comments
Technology

5 things about AI you may have missed today: AI skills propel 54 pct pay hikes, Microsoft seeks AI gaming experts, more

[ad_1] AI skills propel 54 percent salary increase in India; Microsoft seeks AI experts to transform gaming experience; NAAC Chairman advocates value based education amid AI disruption; Tim Cook advocates AI for climate action- this and more in our daily roundup. Let us take a look.1. AI skills propel 54 percent salary increase in Indian industriesA study reveals a 54 percent salary surge in industries due to AI skills. 95 percent of workers seek AI proficiency for career advancement. Indian employers offer higher pay, especially in IT and R&D sectors. Demographic interest grows, with 96 percent of women and 90 percent of baby boomers aiming for AI skills. Employers anticipate a 68 percent productivity increase with AI adoption, according to Manufacturing Today report.  Also read: A...
Read More
Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others
8Feb By adminNo Comments
Technology

Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others

[ad_1] A federal judge on Wednesday dismissed a lawsuit accusing Apple of overpaying Chief Executive Tim Cook and other top executives by tens of millions of dollars by miscalculating the value of performance-based stock awards.U.S. District Judge Jennifer Rochon in Manhattan said the iPhone maker described its pay methods in detailed compensation tables in its 2023 proxy statement, "precisely" as securities laws and U.S. Securities and Exchange Commission rules require. Rochon also found no proof that Apple's board of directors acted improperly in awarding pay, and said the plaintiff, a pension fund affiliated with the International Brotherhood of Teamsters, did not give the board enough time to consider its objections before suing. Lawyers for the pension fund did not immediately resp...
Read More
Apple’s China Slump Deepens Even as iPhone Sales Grow Again; “This Storm Will Pass, says expert
3Feb By adminNo Comments
Technology

Apple’s China Slump Deepens Even as iPhone Sales Grow Again; “This Storm Will Pass, says expert

[ad_1] Investors are digesting an earnings report that included stronger iPhone sales in the holiday quarter and a return to revenue growth following four straight declines. In fact, they are looking past a deepening slump in its China business. After sliding as low as $179.25 — Apple's worst intraday drop in a month — the stock briefly went positive. As of 11:45 a.m. in New York, it was down less than 1% at $186.03. Apple Inc. shares bounced back from a 4% decline Friday.But demand in China was weaker than feared, and Apple signaled to analysts that their iPhone projections for the current quarter may be overly optimistic. “I still think China's a big opportunity for Apple,” Gene Munster, Deepwater Asset Management co-founder and managing partner, said on Bloomberg Radio. “I think this...
Read More
5 things about AI you may have missed today: China’s BIGAI unveils Tong Tong, jobs and AI, more
2Feb By adminNo Comments
Technology

5 things about AI you may have missed today: China’s BIGAI unveils Tong Tong, jobs and AI, more

[ad_1] China's BIGAI unveils tong tong, world's first emotionally intelligent AI entity, echoing Iron Man's Jarvis; House of Lords urges UK ministers to protect content creators from unauthorised AI use; Bank of England Governor optimistic on AI impact, dismisses job destruction fears; Apple CEO Tim Cook confirms arrival of generative AI features 'later this year'- this and more in our daily roundup. Let us take a look.1. China's BIGAI unveils Tong Tong: World's first emotionally intelligent AI entity, echoing Iron Man's JarvisA China-based AI scientist creates the world's first AI entity, Tong Tong, with emotions and intellect reminiscent of Iron Man's Jarvis. Unveiled at a Beijing exhibition by the Beijing Institute for General Artificial Intelligence (BIGAI), Tong Tong showcases adva...
Read More
Apple investing a ‘tremendous’ amount of time and effort on AI, says CEO Tim Cook; Know what’s coming
2Feb By adminNo Comments
Technology

Apple investing a ‘tremendous’ amount of time and effort on AI, says CEO Tim Cook; Know what’s coming

[ad_1] After witnessing rivals such as Samsung and Google leverage artificial intelligence (AI), it seems like Apple is gearing up to bank on this rapidly developing technology. In its efforts, the iPhone maker has been quietly acquiring tech startups -  21 startups since 2017 to be precise. These numbers hint that Apple could finally make an AI push this year by unveiling a slew of AI upgrades for its suite of products including iPhone, iPad and Mac. During the Q1 earnings call, Apple CEO Tim Cook highlighted the company's investments in AI. Know what's coming.Apple's AI push explainedAs per a MacRumors report, Apple recorded greater revenue than in the same period last year. Now, the company is banking on AI to get a further push. Talking about generative AI, Cook said, “In terms of g...
Read More
European Union examines Microsoft investment in Sam Altman-led ChatGPT developer OpenAI
9Jan By adminNo Comments
Technology

European Union examines Microsoft investment in Sam Altman-led ChatGPT developer OpenAI

[ad_1] The European Union's competition regulator said Tuesday it was looking into Microsoft's investment into ChatGPT developer, the CEO Sam Altman-led OpenAI to see if it merits further investigation under the bloc's merger rules. The European Commission said in a statement it was "checking whether Microsoft's investment in OpenAI might be reviewable under the EU Merger Regulation".The move is part of efforts by Brussels to make sure its oversight can catch up with the fast-moving world of artificial intelligence and stop major players shutting out competitors. EU competition chief Margrethe Vestager, who will meet top tech bosses California this week, said "it is fundamental that these new markets stay competitive". "We are inviting businesses and experts to tell us about any competi...
Read More
Charlie Munger dead at 99: What Warren Buffett’s vice-chair said on Apple
29Nov By adminNo Comments
Technology

Charlie Munger dead at 99: What Warren Buffett’s vice-chair said on Apple

[ad_1] Charlie Munger, the billionaire investor and the vice chairman of Berkshire Hathaway, has passed away at the age of 99. He would have turned 100 on the new year's day. Munger was highly regarded for his brilliant wit and analysis and was the man behind building up the Warren Buffett-led investment firm to its present gargantuan status. His insights and vision in the technology sector led to the company making pin-pointed investments that paid large dividends. Even though Berkshire came very late to the Apple party, one of the biggest tech firms he bet on was the Cupertino-based tech giant and throughout Munger constantly highlighted how good an investment it was. In fact, it is also the company's biggest investment with 859 million shares purchased worth 148 billion dollars. Let ...
Read More