Equity Equity Monday: Here’s hoping genAI can make Siri better
Oct 23, 2023
Stock markets are experiencing a downturn, while crypto values are surprisingly climbing. Major tech firms like Microsoft and Amazon are set to report earnings this week. Apple is heavily investing in generative AI to improve Siri and enhance its software. Startups, like ZenML, are also making strides in this tech space. Meanwhile, Foxconn faces scrutiny from tax authorities amid increasing geopolitical tensions, and there's troubling news about a significant decline in venture capital for Black American founders.
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Market Overview
- Global stock markets are down, especially in China, hitting lows not seen since 2019.
- This week brings a flood of earnings reports, including major tech companies like Microsoft, Alphabet, and Meta.
Crypto Rally
- Cryptocurrencies have seen a significant rise, with Bitcoin up 11% and Solana up 29% in the last week.
- Increased trading volume bodes well for upcoming Coinbase earnings.
Apple's AI Push
- Apple is investing heavily in generative AI, aiming to improve products like Siri.
- This investment could revitalize operating systems by bringing AI features.