Apple ushers in a new era with Apple Intelligence

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Apple’s Worldwide Developers Conference had a large deal with AI. Apple unveiled its generative AI providing, Apple Intelligence, which will likely be out there in iOS later this yr. iOS 18 can have various new options, together with the flexibility to schedule text messages and customize your home screen, main upgrades to Siri — together with ChatGPT integration — and AI-generated emojis. Should you missed it, we put collectively a useful recap of everything Apple announced.

Tesla CEO Elon Musk has secured enough shareholder votes to have his 2018 inventory choice compensation bundle accepted. The vote means he may get a payout of as much as $56 billion, the largest CEO compensation bundle in historical past, however a judge in Delaware nonetheless has to subject her remaining choice after ruling the bundle was unfair. 

In funding information, Mistral AI has closed its much rumored Series B funding round. The corporate has secured €600 million (round $640 million at immediately’s trade charge) in a mixture of fairness and debt. The brand new spherical values the startup at $6 billion because it continues to compete with OpenAI, Anthropic and different AI giants.

Information

Former NSA head joins OpenAI: Former head of the NSA, retired military normal Paul Nakasone, will be a part of OpenAI’s board of administrators and can sit on the board’s “safety and security” subcommittee. Read more

Tesla shareholders sue Elon Musk: Shareholders of Tesla are suing Elon Musk and members of the board of administrators over Musk’s choice to begin xAI. They argue that expertise and sources are being diverted from Tesla to the brand new startup. Read more

BeReal will get purchased: French cellular apps and video games writer Voodoo has acquired BeReal for €500 million. BeReal co-founder and CEO Alexis Barreyat will depart the corporate after a transition interval. Read more

You possibly can ditch the rings: Apple has lastly made a method for customers to pause exercise rings on Apple Watches, which is very useful in case you are sick or in any other case unable to do bodily actions. Read more

Raspberry Pi goes public: The maker of tiny, low cost, single-board computer systems priced its IPO on the London Inventory Alternate at £2.80 per share, valuing it at $690 million at immediately’s trade charge, and rapidly jumped to £3.70 per share. Read more

iPads lastly get a calculator app: iPads can have a devoted calculator app for the primary time. However, academics, beware. The app contains Math Notes, a brand new function that does the mathematics for you. Read more

A brand new distraction-free smartphone: Minimalist smartphone maker Mild introduced its latest mannequin. The Mild Cellphone III doesn’t have entry to social media or the web, nevertheless it does sport a bigger OLED show and a digicam. Read more

Spotify goes in-house: Spotify is venturing additional into the advert area with its first in-house artistic company, Inventive Lab. The corporate stated it’ll additionally start testing generative AI advertisements. Read more

Will your system have iOS 18?: Apple’s iOS 18 will likely be suitable with many Apple units this fall, however you may need to improve if you would like the complete Apple Intelligence expertise. Read more

Evaluation

Apple Intelligence isn’t making an attempt to be flashy: With iOS 18, Apple is taking a extra cautious method. As a substitute of overwhelming customers with too many AI options to rely, the corporate is fastidiously rolling out AI the place it believes it might be truly helpful. Whereas Apple’s AI is definitely not as flashy, Sarah Perez argues that it’s the firm’s method of defining the desk stakes for what an AI-powered system ought to have the ability to do. Read more

Tesla followers get out the vote: Tesla and its followers waged an unprecedented battle over Elon Musk’s $56 billion pay bundle. Over the previous couple of months, there was an unrelenting get-out-the-vote effort from Tesla’s largest followers. Sean O’Kane explores the numerous calls to motion on X to get shareholders to vote sure — and reinforce their perception that Tesla is nothing with out Musk. Read more

Why Y Combinator is encouraging small seed rounds: In 2024, many Y Combinator startups solely need tiny seed rounds — nevertheless it might be repelling many institutional seed VCs. If YC startups deal with these rounds extra like pre-seed funding, it won’t be all that dangerous. However as Rebecca Szkutak writes, there’s a danger if corporations are labeling these smaller rounds as “seed rounds” with their sights set on subsequent elevating a Sequence A. Read more