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Latest Technology News

Apple Stock Jumps 5% Following Huge Q2 Earnings, But Slight Decline After Hours

Key Points: Apple reported $111.2 billion in revenue and earnings of $2.01 per share for the second quarter. iPhone sales jumped 20% to reach $56.99 billion, while revenue from China beat expectations at $20.49 billion. Software developers bought massive numbers of Mac mini and Mac Studio computers to build artificial intelligence tools. Tim Cook will step down as chief executive officer in September and pass...

Bank of America: Artificial Intelligence Threatens 838 Million Jobs Worldwide

Key Points: Generative artificial intelligence puts nearly 838 million jobs at risk of major changes worldwide. High-income nations face a 33.5% exposure rate compared to just 11% in poorer developing countries. Young professionals, women, and highly educated employees face the highest risk of workplace disruption. Workers displaced by new technology take an extra month to find new jobs and experience a 3% wage drop. Generative...

Trump Wants AI Deregulation, But His Voters Demand Safeguards

Key Points: Only 13% of Trump voters support a completely unregulated artificial intelligence market. Tech leaders warn that artificial intelligence could automate millions of white-collar jobs by 2027. Republican state leaders in Florida and Utah are fighting the White House over local technology laws. Super PACs are spending millions to influence federal artificial intelligence rules ahead of the midterm elections. President Donald Trump wants to...