Governance
Top tech news stories today: May 11, 2024
Industry leaders are innovating: Apple is updating AI capabilities, while OpenAI plans to launch a Google-rivaling search engine.
Headline
Industry leaders are innovating: Apple is updating AI capabilities, while OpenAI plans to launch a Google-rivaling search engine.
Context
The industry’s giants are forging new paths with exciting developments. Apple advances AI with new chip deployments and potential iOS transcription features while OpenAI is set to unveil a Google-rivaling search engine. The cryptocurrency industry, through the new PAC Stand With Crypto, is strategically bolstering support for crypto-friendly candidates across the U.S. Amidst regulatory scrutiny following high-profile legal cases, these PACs, including others like Fairshake and Protect Progress, have collectively raised over $110 million. ( The Star )
Evidence
Pending intelligence enrichment.
Analysis
Apple is initiating its move into generative AI by first employing M2 Ultra chips to handle complex queries in data centres, with plans to later upgrade to the more advanced M4 chips. ( The Verge ) Apple’s integration of real-time transcription in Voice Memos and Notes, expected with iOS 18, promises significant enhancements for users such as students and journalists by simplifying audio transcription tasks. ( The Verge ) Microsoft plans to launch its Xbox mobile gaming store in July, starting with a web-based approach to bypass Apple’s App Store restrictions. The store will initially feature first-party games such as Candy Crush and Minecraft. ( The Verge ) OpenAI is poised to announce a new AI-powered search product on Monday, expanding its ChatGPT capabilities to directly fetch and cite web information. ( Reuters )
Key Points
- Fintech
- IT infrastructure
Actions
Pending intelligence enrichment.
