NewsWrap Ep 3 – Inside track on ructions at Comrades, Joburg, Tongaat; and why Buffett sold Apple.
Editor Alec Hogg and the BizNews team provide context on the biggest stories of the past week.
Apple
🔒 The Economist: Why Warren Buffett has built a mighty cash pile
Berkshire Hathaway’s boss is an impressive investor, not an economic oracle
🔒 Apple’s AI surge puts valuation at risk of outpacing reality
Apple Inc.’s record-breaking rally has sparked debate over its valuation
🔒 The Economist: Schumpeter – Hey Siri! Help me get Apple out of an AI-shaped hole
Tim Cook has driven Apple’s market value from under $400bn to nearly $3trn
🔒 Apple unveils AI strategy, integrates ChatGPT and revamps Siri
Apple unveiled its “Apple Intelligence” AI strategy at its annual developer conference
🔒 Tim Cook controls the iPhone, so he’s the new AI kingmaker: Dave Lee
Apple aims to outgrow its dependencies, asserting its reign as the true AI kingmaker.
🔒 Musk threatens Apple ban over OpenAI integration concerns
Elon Musk, billionaire entrepreneur, has issued a stern warning to Apple Inc.
🔒 Nvidia’s H100 processor: AI game-changer, tops Apple in value
The Nvidia H100 processor has revolutionized AI
🔒 Apple’s AI strategy: Incremental innovation over quick wins – Dave Lee
Expectations are high for major AI advancements, especially concerning Siri.
🔒 Nvidia closes the gap to Apple with market value surge
Nvidia’s meteoric rise in the stock market saw shares soaring 6%.