Apple ushers in a brand new period with Apple Intelligence

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Apple’s Worldwide Builders Convention had a large deal with AI. Apple unveiled its generative AI providing, Apple Intelligence, which might be out there in iOS later this yr. iOS 18 may have quite a few new options, together with the power to schedule textual content messages and customise your own home display, main upgrades to Siri — together with ChatGPT integration — and AI-generated emojis. In case you missed it, we put collectively a helpful recap of all the pieces Apple introduced.

Tesla CEO Elon Musk has secured sufficient shareholder votes to have his 2018 inventory possibility compensation bundle accredited. The vote means he may get a payout of as much as $56 billion, the most important CEO compensation bundle in historical past, however a choose in Delaware nonetheless has to problem her last resolution after ruling the bundle was unfair. 

In funding information, Mistral AI has closed its a lot rumored Sequence B funding spherical. The corporate has secured €600 million (round $640 million at at present’s alternate fee) 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 basic Paul Nakasone, will be a part of OpenAI’s board of administrators and can sit on the board’s “safety and security” subcommittee. Learn extra

Tesla shareholders sue Elon Musk: Shareholders of Tesla are suing Elon Musk and members of the board of administrators over Musk’s resolution to start out xAI. They argue that expertise and sources are being diverted from Tesla to the brand new startup. Learn extra

BeReal will get purchased: French cell apps and video games writer Voodoo has acquired BeReal for €500 million. BeReal co-founder and CEO Alexis Barreyat will go away the corporate after a transition interval. Learn extra

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. Learn extra

Raspberry Pi goes public: The maker of tiny, low-cost, single-board computer systems priced its IPO on the London Inventory Trade at £2.80 per share, valuing it at $690 million at at present’s alternate fee, and shortly jumped to £3.70 per share. Learn extra

iPads lastly get a calculator app: iPads may have a devoted calculator app for the primary time. However, academics, beware. The app contains Math Notes, a brand new characteristic that does the mathematics for you. Learn extra

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 digital camera. Learn extra

Spotify goes in-house: Spotify is venturing additional into the advert area with its first in-house inventive company, Artistic Lab. The corporate mentioned it would additionally start testing generative AI adverts. Learn extra

Will your machine have iOS 18?: Apple’s iOS 18 might be suitable with many Apple units this fall, however you may need to improve if you need the complete Apple Intelligence expertise. Learn extra

Evaluation

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

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. Learn extra

Why Y Combinator is encouraging small seed rounds: In 2024, many Y Combinator startups solely need tiny seed rounds — nevertheless it could possibly 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 firms are labeling these smaller rounds as “seed rounds” with their sights set on subsequent elevating a Sequence A. Learn extra