Perplexity's Podcast Ads Leave No Escape From AI
Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Vlad Savov laments the loss of online sanctuaries from the pervasive drumbeat of the supposed AI revolution.
Another AI model: Baidu released a new artificial intelligence model that lays out its reasoning, called Ernie X1, as the company tries to regain momentum against upstarts like DeepSeek.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
4 minutes ago
- Bloomberg
Trump Tempers Expectations Ahead of US-Russia Summit
Ahead of Friday's summit, Russian President Vladimir Putin praised the US for making "quite energetic and sincere efforts" to stop the fighting in Ukraine. Putin expressed willingness to start work on a new arms control treaty, saying an agreement can "create long-term conditions for peace" between the US and Russia. Trump, though, has sought to dial back hopes for a breakthrough, stung in part by a meeting with Putin during his first term that was seen as an embarrassment for the US president. And the announcement of the talks — without the participation of Ukrainian President Volodymyr Zelenskiy — left Kyiv's allies alarmed. Jennifer Welch, Chief Geoeconomics Analyst for Bloomberg Economics speaks with Bloomberg's Carol Massar and Tim Stenovec on Businessweek Daily. (Source: Bloomberg)
Yahoo
19 minutes ago
- Yahoo
New iPad Planned–Specifically for Apple Intelligence
Currently, the basic iPad is the only Apple device that does not yet support the AI suite Apple Intelligence. So far, the hardware simply isn't sufficient to run the demanding applications. Now, leaked programming code suggests a more powerful successor. iPad Needs New Hardware for Apple Intelligence Apple introduced the 11th generation iPad in early 2025. Even then, the iPad Pro, iPad Air, and even iPad mini already supported Apple Intelligence. The basic iPad uses an older A16 chip and comes with only 6 gigabytes (GB) of RAM. However, the minimum requirements for Apple AI are an A17 Pro and 8 GB of RAM. Aaron Perris, a contributor at the online publication 'MacRumors,' has reportedly found a hint of new iPad hardware in leaked Apple programming code: According to this, the basic iPad is expected to get the A18 chip, which we already know from the iPhone 16. If this leak proves true, Apple is likely to equip the iPad with AI capabilities. Although there is no information on the size of the RAM, a jump to 8 GB seems plausible. For the current iPad, Apple had already increased the RAM from 4 to 6 GB compared to its predecessor. When Will the iPad with Apple Intelligence Be Released? As early as July, 'Bloomberg' published the code names for the various iPad models: J581 (Wi-Fi) and J582 (Cellular). Externally, the new tablet is not expected to differ from the current version. According to the report, Apple plans to launch the new iPad as early as the beginning of 2026. Possible dates are March or April. The 11th generation iPad was released in March 2025. Typically, Apple uses iPhone chips that are two to three years old for the iPad to keep costs down. The A18 will also have been on the market for two years by 2026. In the past, Apple released new iPad models annually. However, there was a three-year gap between the 11th and 10th generation iPads. The price has remained unchanged at 399 euros for the past three years. The post New iPad Planned–Specifically for Apple Intelligence appeared first on TECHBOOK.
Yahoo
31 minutes ago
- Yahoo
Treasuries Sink as Wholesale Inflation Dents Fed Rate-Cut Bets
(Bloomberg) -- Treasuries slumped and traders pared bets that the Federal Reserve will cut interest rates next month after US wholesale inflation jumped by the most in three years. The yield on two-year notes, which are most sensitive to changes in monetary policy, rose seven basis points to nearly 3.75% Thursday afternoon in New York. The benchmark 10-year yield climbed six basis points, and the dollar gained against a basket of peers. The US-Canadian Road Safety Gap Is Getting Wider Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets The bigger-than-expected increase in the producer price index — which suggests companies are passing along higher import costs related to tariffs — halted a rally in the Treasuries market. Traders who had been piling into wagers on a September rate cut of at least a quarter point and as much as half a point were forced to recalibrate. 'Today's PPI makes you take a step back and just re-assess,' Priya Misra, a portfolio manager at JPMorgan Asset Management, told Bloomberg Television. 'We're in the midst of a stagflationary shock.' Interest-rate swaps still point to at least a half point of easing by the Fed over this year's three remaining policy meetings, but the contracts no longer fully price in a quarter-point cut next month, as they did on Wednesday. Producer prices increased 0.9% in July, Thursday's report from the Bureau of Labor Statistics showed, more than four times as much as the median economist forecast. Within the report, services costs increased 1.1%. It followed a largely benign reading on consumer prices released Tuesday. Fed officials have been weighing mixed economic data ahead of their Sept. 16-17 meeting. Investors are now turning their focus to the Fed's annual symposium in Jackson Hole, Wyoming, where Chairman Jerome Powell is slated to speak. President Donald Trump has repeatedly called for Powell to bring down borrowing costs. Treasury Secretary Scott Bessent said Wednesday that economic models show rates could come down by around 150 basis points to reach the so-called neutral rate, at which they neither stimulate nor restrict growth. What Bloomberg strategists say... 'While yields are rising across the curve after a pickup in July PPI figures, the move appears to be led by mild profit taking after they declined earlier this week.' — Alyce Andres, Macro Strategist, Markets Live For the full analysis, click here. For investors, the consumer price reading was enough to solidify wagers on a quarter-price reduction, with some jumping into bets on an even bigger move. Despite the reading on producer prices, traders on Thursday added to a position in the Secured Overnight Financing Rate (SOFR) that would benefit from a move of more than 25 basis points. 'PPI is not going to change the overall narrative, but it does take off some of the 50-basis-point risk the marketplace had been thinking about,' said David Robin, an interest-rate strategist at TJM Institutional Services LLC. Federal Reserve Bank of St. Louis President Alberto Musalem said it's too early to decide whether to lower rates next month. Fed officials last month left their benchmark interest rate unchanged in a range of 4.25%-4.5%, where it's been since December. 'For me, it's too early to say exactly what policy I will be able to support' at the September meeting, Musalem said in an interview on CNBC. --With assistance from Michael Mackenzie and Edward Bolingbroke. (Adds comments, updates yield levels.) Americans Are Getting Priced Out of Homeownership at Record Rates Dubai's Housing Boom Is Stoking Fears of Another Crash What Declining Cardboard Box Sales Tell Us About the US Economy Why It's Actually a Good Time to Buy a House, According to a Zillow Economist Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan ©2025 Bloomberg L.P. Sign in to access your portfolio
