Apple is spending more on AI, but remains far behind its Silicon Valley peers
Economy

Apple is spending more on AI, but remains far behind its Silicon Valley peers

Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle […]

Intel to cut 15% of workforce, reports quarterly guidance miss
Economy

Intel to cut 15% of workforce, reports quarterly guidance miss

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its […]

Trump indictment is ‘very, very damning,’ his former attorney general says
Economy

Trump indictment is ‘very, very damning,’ his former attorney general says

Former U.S. President and Republican presidential candidate Donald Trump applauds as he attends the North Carolina Republican Party convention in Greensboro, North Carolina, U.S. June 10, 2023. Megan Varner | ReutersAfter a 37-count criminal indictment against Donald Trump was unsealed Friday, Trump’s former Attorney General Bill Barr said there is trouble ahead for the 2024 Republican presidential hopeful.”If even half… […]