
Canada appoints AI minister, Apple continues to innovate
In this week's edition of Tech Talk, Tony Ryma talks with cybersecurity expert and tech analyst Ritesh Kotak about Canada appointing its own AI minister and Apple's latest innovations.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
29 minutes ago
- Globe and Mail
Intelligent Bio Solutions (NASDAQ: INBS) Showcases Portable Drug Testing System at RISE25
The company's non-invasive fingerprint drug screening system uses fingerprint sweat to screen for drugs such as cannabis, cocaine, methamphetamine, and opiates. Results are available in under ten minutes, supporting faster, on-site decision-making in treatment and justice settings. INBS is pursuing FDA approval and further entry into the U.S. market, where it currently operates in a Forensic Use Only capacity. The company has over 450 active accounts in 24 countries, targeting sectors such as healthcare, justice, and workplace safety. INBS partnered with SMARTOX, a U.S. distributor, to connect with stakeholders in criminal justice and addiction recovery. Intelligent Bio Solutions (NASDAQ: INBS), a medical technology company specializing in rapid, non-invasive testing solutions, recently attended the RISE25 conference to demonstrate its portable Intelligent Fingerprint Drug Screening System, continuing its push into the U.S. market for rapid, non-invasive screening technologies ( The event, held May 28–31 in Florida, attracted over 7,000 professionals from the fields of addiction treatment, mental health, and criminal justice. The conference has become a national gathering point for… Read More>> NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications

Globe and Mail
40 minutes ago
- Globe and Mail
Apple faces AI delays, court challenges as annual developer conference begins
Apple AAPL-Q is facing an unprecedented set of technical and regulatory challenges as some of its key executives are set to take the stage on Monday at the company's annual software developer conference. On the technical side, many of the long-awaited artificial intelligence features Apple promised at the same conference a year ago have been delayed until next year, even as its rivals such as Alphabet's Google and Microsoft woo developers with a bevvy of new AI features. Those unfulfilled promises included key improvements to Siri, its digital assistant. On the regulatory front, courts in the U.S. and Europe are poised to pull down the lucrative walls around Apple's App Store as even some of the company's former supporters question whether its fees are justified. Those challenges are coming to a head at the same time U.S. President Donald Trump has threatened 25 per cent tariffs on Apple's best-selling iPhone. Can OpenAI really go the way of Apple and capture lightning in a bottle? Apple's shares are down more than 40 per cent since the start of the year, a sharper decline than Google and also lagging the AI-driven gains in Microsoft shares. Apple has launched some of the AI features it promised last year, including a set of writing tools and image-generation tools, but it still relies on partners such as ChatGPT creator OpenAI for some of those capabilities. Bloomberg has reported that Apple may open up in-house AI models to developers this year. But analysts do not believe Apple yet has what technologists call a 'multi-modal' model – that is, one capable of understanding imagery, audio and language at the same time – that could power a pair of smart glasses, a category that has become a runaway hit for Meta Platforms. Google said last month it would jump back in to this category, with partners. Such glasses, which are far lighter and cheaper than Apple's Vision Pro headset, could become useful because they would understand what the user is looking at and could help answer questions about it. While Apple has focused on its US$3,500 Vision Pro headset, Google and Meta have seized on the smart glasses as a cheaper way to deploy their AI software prowess against Apple in its stronghold of hardware. Meta Ray-Bans all sell for less than US$400. Analysts say Apple needs to answer that challenge but that it is not likely to do so this week. 'I'm not trying to replace my phone – this is a complementary thing that gives me more world context, because it's got a camera and it sees what I see, and I can talk to it in natural language,' said Ben Bajarin, CEO of technology consultancy Creative Strategies. 'Apple is not positioned to do that.' To be sure, Apple's rivals are not decisively ahead in smart glasses. Anshel Sag, principal analyst with Moor Insights & Strategy, said Meta's Ray-Bans still lack some features and Google has not yet landed its 'Gemini' model in a mass-market pair of glasses yet. 'Meta has the undisputed lead, but Google is catching up fast and probably has the best-suited AI for the job,' Sag said. 'Vision Pro is great, but it's a showroom product that developers can use.' But Bob O'Donnell, CEO of TECHnalysis Research, said it remains far from clear that smart glasses will gain wide acceptance. O'Donnell also said it is not certain that Apple is at any particular disadvantage if it partners with a company such as Google, OpenAI or even a smaller firm like Perplexity for core AI technology. So far, O'Donnell said, there is not yet strong evidence that consumers are basing major hardware-purchasing decisions on AI features. 'There's an argument to be made that it's OK that [Apple] is behind because, except for the bleeding edge, most people don't care,' O'Donnell said.


Globe and Mail
44 minutes ago
- Globe and Mail
Forget Robotaxis and Humanoid Robots: Morgan Stanley Thinks This Technology Is the Real Secret for Tesla Stock to Soar
While investors fixate on Tesla's (TSLA) robotaxi ambitions and humanoid robots, Morgan Stanley believes the company's next breakthrough could come from an unexpected direction: the emerging drone and electric vertical takeoff and landing (eVTOL) market. The investment bank sees this 'low altitude economy' as representing a $9 trillion total addressable market by 2050. Tesla's potential entry into this space has gained attention following recent geopolitical events. Moreover, Morgan Stanley noted that drone warfare capabilities have become strategically critical. CEO Elon Musk himself warned on Tesla's earnings call that countries unable to manufacture their own drones risk becoming 'vassal states' to those that can, highlighting America's current manufacturing deficit compared to China. What makes Tesla uniquely positioned for this market isn't just ambition, but the company's existing technological infrastructure. Morgan Stanley highlights Tesla's proven expertise in battery storage, navigation systems, autonomous driving technology, robotics, and large-scale manufacturing as transferable skills that are ideally suited for the development of drones and eVTOLs. The financial implications could be transformative for Tesla shareholders. Morgan Stanley estimates that capturing even a small fraction of the eVTOL market could add between $100 to $1,000 per Tesla share. These estimates indicate potential upside that could easily dwarf the current robotaxi valuations. Morgan Stanley argues that a single eVTOL could generate revenue equivalent to 15 ride-hailing vehicles, which showcases the superior economics of aerial transportation. Unlike robotaxis, which face regulatory hurdles and require extensive real-world testing, the drone market presents a more immediate opportunity for growth. Tesla's vertical integration advantage positions the company to compete effectively against established aerospace players who lack its innovation speed and cost structure. Ark Invest Is Bullish on the Robotaxi A research report from ARK Invest positions Tesla as the clear frontrunner in the emerging robotaxi market. Ark Invest, run by famed growth investor Cathie Wood, cited several critical competitive advantages that could generate massive value for investors. According to the report, Tesla's competitive edge lies in its unparalleled data collection capabilities. For instance, the EV maker's existing fleet generates over 5 million miles daily through its Full Self-Driving software and has accumulated 87 million total US miles, compared to Waymo's 70,000 daily miles. This vast data advantage provides Tesla with diverse real-world driving scenarios that competitors cannot match. Fleet scalability represents another crucial differentiator. While Waymo operates roughly 700 vehicles across limited cities, Tesla can leverage 6.5 million existing vehicles globally equipped with compatible hardware. It can rapidly deploy Model 3 and Model Y vehicles from lease returns and inventory, while customer-owned vehicles can supplement the fleet through opt-in programs. Cost advantages further strengthen Tesla's position. ARK estimates Tesla's Model 3 production cost at $40,000, compared to Waymo's vehicles, which cost over $100,000, with sensor packages alone costing over $40,000. Additionally, Tesla's vertical integration reduces its reliance on external manufacturers, such as China-based Zeekr (ZK), which faces potential tariff headwinds. The financial opportunity appears enormous. ARK projects that robotaxi platforms could reach $4 trillion in net revenue by 2030, with Tesla potentially commanding take rates exceeding Uber's (UBER) 30% due to a superior cost structure. Higher utilization rates above 50% could significantly undercut traditional ride-hail pricing. Beyond financial returns, Tesla's autonomous driving technology could prevent over 40,000 U.S. deaths annually. FSD-equipped vehicles have already demonstrated five times better safety than non-FSD Tesla vehicles and 16 times better than average cars. Is TSLA Stock Undervalued? While Tesla is part of multiple expanding addressable markets, the company must demonstrate its ability to execute and gain traction in these key stock currently trades at 155x forward earnings, which is higher than its three-year average of 114x. Analysts expect Tesla's earnings to increase by 29% annually over the next five years. Out of the 41 analysts covering TSLA stock, 16 recommend 'Strong Buy,' two recommend 'Moderate Buy,' 13 recommend 'Hold,' and 10 recommend 'Strong Sell.' The average target price for TSLA stock is $292, roughly in line with its current price.