Governance
Top tech news stories today: June 12, 2024
Apple’s stock surged 7% after unveiling new AI features for iPhones, edging closer to surpassing Microsoft as the world’s most valuable firm.
Headline
Apple’s stock surged 7% after unveiling new AI features for iPhones, edging closer to surpassing Microsoft as the world’s most valuable firm.
Context
Affirm integrates BNPL loans into Apple Pay. FIT 21 Act categorises crypto projects. Apple unveils new AI features, boosting shares. ARIN seeks nominations. Oracle predicts revenue growth from AI. Apple announces macOS Sequoia. Apple device users will soon access buy now, pay later (BNPL) loans from Affirm through Apple Pay on iPhones and iPads. Affirm’s longer-term offerings complement Apple’s shorter repayment options, indicating Affirm’s unique value. ( CNBC )
Evidence
Pending intelligence enrichment.
Analysis
The $2.6 trillion crypto industry is impacted by the FIT 21 Act, which categorises projects by decentralisation level for regulatory purposes. John Divine of Blockfills highlighted Tezos, noting its decentralised structure, $230 million initial coin offering, diverse validators, and the Etherlink layer-two solution for Ethereum. ( The Street ) Blockchain technology could potentially add $60 billion to Australia’s economy, reversing decades of slow productivity growth, according to Australian politician Andrew Charlton. ( Cointelegraph ) ARIN is accepting nominations 24 June for three Board of Trustees seats, five Advisory Council seats, and one NRO NC seat. Elected candidates will serve three-year terms starting 1 January 2025. ( ARIN ) Elon Musk dropped his lawsuit against OpenAI, which he co-founded and now competes against. Musk’s lawyers filed the motion without giving a reason. Musk originally sued in March, alleging OpenAI breached its commitment to benefit humanity. ( The Washington Post )
Key Points
- Fintech
- 1. Affirm buy now, pay later loans will be embedded into Apple Pay later this year
- Crypto
- 2. Crypto bill has potential to shake up $2.6 trillion industry
- 3. Australian MP says the country needs blockchain ‘more than ever’
Actions
Pending intelligence enrichment.
