Recapping Apple’s Flagship Event

It’s September, so it’s time for Apple’s annual iPhone event. 📱

CNBC has a good summary of the new iPhones, AirPods, and Apple Watches announced:

The first thing of note is that the prices of the new iPhone stay the same as last year. Given the inflationary pressures facing most of the U.S. economy (and the world), many had expected a price increase for most of Apple’s products.

Additionally, Apple’s push into health care continues. Its new Apple Watch Series 8 has a temperature sensor, which can help monitor health data, including ovulation. Given the sensitivity of this health data, the company designed the device to keep data secure with enhanced security features. ⌚

And speaking of safety, the company also announced the ability to connect its iPhone 14 series to satellites for emergency services. Apple partnered with Globalstar to offer this long-rumored capability. 🆘

The stock didn’t react much today, which CNBC notes is fairly typical based on past events. Instead, we should expect movement in a month or two as data about the current iPhone cycle trickles in. 🗓️

Boeing Loses Altitude (Again)

If you’re an investor in airlines or airplane manufacturers, this is not the type of headline you want to wake up to. Unfortunately for Boeing and several others, the news is not great. So let’s dig into it. 👇

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Apple Drains EV Resources For AI

After ten years of research and development, Tim Apple is finally pulling the plug on Apple’s electric vehicle (EV) project. Because as we all know, EVs have lost their luster and given way to the business world’s new savior…artificial intelligence (AI). 😇

Bloomberg broke the news today, saying the tech giant disclosed the strategy shift internally and surprised the nearly 2,000 employees working on the project. Executives told staffers the project would begin winding down and that many of the car team’s employees would be shifted to its artificial intelligence division, focused on generative AI. 

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Peloton’s New Partnership

With Peloton’s turnaround strategy not yet bearing the fruit it had anticipated, the company continues to lean on partnerships to grow market share. For example, in September, the company entered a 5-year strategic partnership with Lulemon to bring its content to the athleisure brand’s exercise app. It also made Lululemon Peloton’s primary athletic apparel partner. 👟

It’s still too early to tell whether or not that cooperative effort is working, but management seems to think further initiatives like it will help boost revenues. As a result, it’s partnering with TikTok to bring short-form fitness videos and other content to the social media platform.

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AI’s Copyright Crisis Begins

We all knew copyright law would be a key issue at the heart of the artificial intelligence (AI) revolution, but we didn’t know when. Well, the time has come. ⌛

Today, The New York Times filed a lawsuit against Microsoft and OpenAI, accusing them of infringing copyright and abusing the newspaper’s intellectual property. In its court filing, the publisher said it looks to hold the two companies accountable for the “unlawful copying and use of The Times’s uniquely valuable works,” claiming billions in statutory and actual damages.

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