According to a Bloomberg report, Apple (AAPL) has acquired DarwinAI, a Canadian artificial intelligence startup. This acquisition comes as Apple has reportedly scrapped its plans for an Apple-branded car, instead investing more resources into integrating AI capabilities into its smartphone offerings. Yahoo Finance's Julie Hyman and Josh Lipton break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
According to a Bloomberg report, Apple (AAPL) has acquired DarwinAI, a Canadian artificial intelligence startup. This acquisition comes as Apple has reportedly scrapped its plans for an Apple-branded car, instead investing more resources into integrating AI capabilities into its smartphone offerings.
Yahoo Finance's Julie Hyman and Josh Lipton break down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Bloomberg
(Bloomberg) -- Indian tech firm Think & Learn Pvt must freeze $533 million in order to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said Thursday.Most Read from BloombergSpaceX Starship Nears Orbit, But Is Lost Before Return to EarthMillennium Trader Scored $40 Million Windfall in Egypt FX PlungePutin Says Ukraine Deal Requires Security Pledges for RussiaBiden’s Best Shot Against Trump Lies in ‘Blue Wall’ StatesBond Yields Jump as Hot I
Bloomberg
(Bloomberg) -- New York Community Bancorp, the troubled commercial real estate lender that just got a capital infusion from a group led by Steven Mnuchin, said it will book a gain after selling a portfolio of consumer loans with a net book value of $899 million as well as a co-op loan.Most Read from BloombergSpaceX Starship Nears Orbit, But Is Lost Before Return to EarthMillennium Trader Scored $40 Million Windfall in Egypt FX PlungePutin Says Ukraine Deal Requires Security Pledges for RussiaBid
Bloomberg
(Bloomberg) -- Adobe Inc. dropped about 10% in extended trading after giving a weak outlook for sales in the current quarter, fueling concerns that new AI-focused startups pose a competitive threat.Most Read from BloombergSpaceX Starship Nears Orbit, But Is Lost Before Return to EarthMillennium Trader Scored $40 Million Windfall in Egypt FX PlungePutin Says Ukraine Deal Requires Security Pledges for RussiaBiden’s Best Shot Against Trump Lies in ‘Blue Wall’ StatesBond Yields Jump as Hot Inflation
Read more --->