Apple’s iOS 18.5 Beta Brings Developer Tools and User Upgrades
Prime Highlights Apple has put out the iOS 18.5 beta update, with new bits and better parts as we look to the big iOS 19 roll-out in June. The update…
Meta Launches Business AI Group to Enhance Customer Engagement for 200 Million Businesses
Prime Highlights: Meta has launched a Business AI team to develop AI technologies for 200 million businesses on its platforms. Former Salesforce AI CEO Clara Shih will lead the effort…
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Researchers Uncover Key Cause of Lung-Related Long COVID at St. Paul’s Hospital
Prime Highlights: St. Paul's Hospital researchers identified inflammation in the smallest lung airways as an important cause of pulmonary long COVID. With imaging and single-cell sequencing, research points to residual…
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OpenAI Secures $40 Billion Investment from SoftBank for AGI Development
Prime Highlights OpenAI raises up to $40 billion from SoftBank, the largest ever startup funding. The deal will speed up the development of Artificial General Intelligence (AGI) with a long-term…
Waze Drops Google Assistant on iOS Amid Persistent Issues
Prime Highlights: Waze has dropped Google Assistant support from its iOS app because of ongoing technical problems. The firm is developing a new voice interaction solution, which may involve Gemini,…
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OpenAI Revolutionizes ChatGPT with New GPT-4o Image Features
Prime Highlights • OpenAI has recently upgraded ChatGPT with the GPT-4o model, providing more sophisticated image-making abilities, including creating multi-panel comic strips with unique characters and dialogues. • This release…
PepsiCo Acquires Prebiotic Soda Brand Poppi for $1.95 Billion
Prime Highlights: PepsiCo has acquired prebiotic soda brand Poppi for $1.95 billion, including $300 million in anticipated tax benefits. Launched in 2018, Poppi crossed $100 million in annual sales by…
Job Openings See Gains in January
Prime Highlights: Worker confidence, measured by quits, increased by 171,000, reaching 3.27 million. The retail sector added 143,000 new positions, while finance gained 122,000 openings. Key Background: Job openings increased…
Mortgage Rates Hit Two-Month Low Yet Demand Continues to Decline
Prime Highlights: Mortgage rates for 30-year fixed loans dropped to 6.88%, the lowest since mid-December. Despite the rate decrease, overall mortgage application volume fell by 1.2% week-over-week. Refinancing applications decreased…
HSBC Announces $2 Billion Share Buyback Amid 6.5% Rise in Annual Profit
Prime Highlights: Pre-tax profit rose by 6.5% to $32.31 billion for 2024, slightly missing analyst expectations of $32.63 billion. Annual revenue decreased to $65.85 billion, down from $66.1 billion in…
