CEO Tim Cook

November 9, 2024 2:51 PM

Apple plans 1st-ever research subsidiary in India amid diversification push

Strengthening its presence in India as part of a diversification effort away from China, Apple has established a new research and development (R&D) subsidiary in the country. The R&D facility will reportedly focus on research, design, testing, and providing support to third-party manufacturers. The move to set up an R&D facility in India is significant, as it will enable the tech giant to better connect with the local manufacturing ecosystem, players, and original equipment manufac...

June 13, 2024 1:43 PM

AI-powered Apple overtakes Microsoft as world’s most valuable company

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion. Microsoft's market capitalization stood at $3.24 trillion, falling behind Apple for the first time in five months. The stock surge comes as the tech-heavy Nasdaq hit a record high on fresh signs of ...

June 11, 2024 12:35 PM

Apple brings ChatGPT and more AI to devices

Apple unveiled a long-awaited AI strategy on Monday, integrating its new "Apple Intelligence" technology across its suite of apps including Siri and bringing OpenAI's chatbot ChatGPT to its devices. In the nearly two-hour long presentation at Apple's annual developer conference, executives including CEO Tim Cook touted how voice assistant Siri would be able to interact with messages, emails, calendar, as well as third party apps. Siri will be able to write emails and change the tone of voice to...