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In this week's newsletter, we spotlight two major developments from Apple. First, Apple's stock has soared to a record $237, fueled by AI advancements and new iPhone updates, with analysts predicting a $5 trillion valuation. Additionally, Apple has unveiled its AI strategy to compete with ChatGPT, introducing Apple Intelligence to enhance their ecosystem's functionality and user experience.

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In today’s issue:

• Apple Stock Hits Record $237, $5 Trillion Valuation Predicted

• Apple Unveils AI Strategy to Compete with ChatGPT

• Workers Demand Government Action to Halt AI Theft

• Moshi AI Vocal Abilities

• US-Singapore AI Collaboration

• HP AI-Optimized Omnibook

• Lattice Digital Workers

• Google Gemini AI Workspace

Today’s must read

Apple Stock Hits Record $237, $5 Trillion Valuation Predicted

TL;DR: Apple's stock surged to an all-time high of $237.23, driven by AI advancements and iPhone updates, with analysts forecasting a $5 trillion valuation.

Summary: Apple's stock reached a record high of $237.23 following the announcement of new AI features and anticipated iPhone upgrades. The introduction of iOS 18, integrated with Apple Intelligence and a partnership with OpenAI, has heightened investor optimism. Analysts predict these innovations could drive Apple's market valuation to $5 trillion.

Highlights:

• Apple stock hit a record $237.23.

• Introduction of iOS 18 with AI and OpenAI integration.

• Analysts forecast a $5 trillion valuation for Apple.

Why it matters:

• Reflects strong market confidence in AI technology.

• Highlights Apple's strategic AI advancements.

• Signals potential significant growth in the tech sector.

Bottom line: Apple's innovative AI integrations and anticipated iPhone upgrades have driven its stock to new heights, setting the stage for a potential $5 trillion market valuation.

_{Source: forbes}

News from the giants

Apple Unveils AI Strategy to Compete with ChatGPT

TL;DR: Apple introduces its AI initiative, Apple Intelligence, aiming to rival ChatGPT with privacy-focused features and deeper integration across devices.

Summary: At WWDC 2024, Apple announced its new AI framework, Apple Intelligence, which aims to provide robust competition to OpenAI's ChatGPT. This initiative focuses on on-device processing and privacy, offering enhanced AI capabilities in iOS 18, iPadOS 18, and macOS Sequoia. Key features include improved Siri functionalities, personalized Genmoji creation, and advanced photo and video search options.

Highlights:

• Apple Intelligence: New AI framework focusing on privacy and on-device processing.

• Enhanced Siri: Improved language understanding and context awareness.

• Genmoji: Personalized emoji creation based on descriptions and photos.

Why it matters:

• Privacy Focus: Ensures user data remains private and secure.

• Competitive Edge: Positions Apple to compete effectively with existing AI technologies like ChatGPT.

• User Experience: Enhances usability and functionality of Apple devices.

Bottom line: Apple's new AI initiative, Apple Intelligence, underscores its commitment to privacy and innovation, positioning it as a formidable competitor in the AI landscape and enhancing the overall user experience across its devices.

_{Source: tomsguide}

Privacy

Workers Demand Government Action to Halt AI Theft

TL;DR: Creative industry workers in Australia call for government regulation to combat AI theft of intellectual property.

Summary: Media, arts, and creative professionals in Australia are urging the government to regulate AI usage, which they claim is stealing and monetizing their work without consent. The MEAA highlights concerns about job losses and the erosion of creative integrity. They propose new laws for transparency, consent, and compensation for AI usage of creative works.

Highlights:

• AI theft threatens creative jobs and intellectual property.

• MEAA calls for laws ensuring transparency and consent.

• 75% of creatives worry about AI stealing their work.

Why it matters:

• Protects creative professionals' livelihoods.

• Ensures ethical AI development and deployment.

• Preserves the integrity of creative industries.

Bottom line: Immediate government intervention is necessary to protect creative professionals from AI-related intellectual property theft and job losses.

_{Source: miragenews}

Prompt of today

Prompts:

vintage urban photography, warm tones, nostalgic feel, classic cars, old buildings, inspired by Saul Leiter's style --ar 9:16 --v 6.0

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AI around the world

• Moshi AI Vocal Abilities: Kyutai's Moshi AI introduces groundbreaking vocal capabilities for more natural and expressive voice interactions.

• US-Singapore AI Collaboration: The US and Singapore have signed a Statement of Intent to enhance cooperation in data and AI technologies.

• HP AI-Optimized Omnibook: HP debuts the AI-optimized Omnibook Ultra laptop and two new One desktops, enhancing performance and user experience.

• Lattice Digital Workers: Lattice introduces AI-driven digital workers to automate repetitive tasks, enhancing efficiency and productivity.

• Google Gemini AI Workspace: Google launches Gemini AI apps in Workspace Labs, enhancing productivity and collaboration with advanced AI tools.

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