FT News Briefing Can Apple catch up in the AI race?
Jun 11, 2024
Apple has joined forces with OpenAI to roll out innovative AI features, enhancing user experience on its devices. The company's late entry into the AI race raises questions about its competition with tech giants like Google and Microsoft. Meanwhile, private equity groups are gearing up to dominate U.S. accounting firms. In France, President Macron's shock announcement of snap parliamentary elections puts his leadership to the test as he navigates a challenging political landscape against rising far-right opposition.
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Apple's AI Race
- Apple is trying to catch up in the AI race by introducing new AI features and partnering with OpenAI.
- However, their AI capabilities seem modest compared to competitors like Google and Microsoft.
Private Equity in Accounting
- Private equity firms are increasingly buying U.S. accounting firms, potentially owning one in three top firms soon.
- Regulators are concerned about the impact on audit quality.
Macron's Gamble
- Macron's party performed poorly in European elections, leading him to dissolve parliament and call for snap elections.
- This is a risky move, potentially giving power to the far-right National Rally party.