FT News Briefing France’s looming deadline
Sep 10, 2024
Apple unveils the iPhone 16 with impressive generative AI features, enhancing user experience. Meanwhile, France’s new Prime Minister grapples with pressing debt plans as economic challenges loom large. Kamala Harris faces critical pressure in her upcoming debate with Donald Trump, amid slipping poll numbers. Additionally, Intel struggles with plummeting shares and manufacturing issues, raising questions about its future in the face of strong competition in the semiconductor industry and escalating geopolitical stakes.
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Apple's AI iPhone Gamble
- Apple launched the iPhone 16, its first smartphone designed for AI, featuring an upgraded Siri and free ChatGPT access.
- This launch is crucial for Apple, as it aims to become a major AI player and boost lackluster iPhone sales.
France's Budgetary Tightrope
- France's new Prime Minister, Elisabeth Borne, faces a major challenge in passing a budget amidst a difficult debt situation.
- She needs to balance EU pressure to reduce the deficit with a divided parliament and potential political instability.
Intel's Stumbles in the AI Race
- Intel is struggling with declining share prices, layoffs, and falling behind in the AI chip race.
- Their ambitious plan to build U.S.-based chip factories faces financial challenges, impacting U.S. geopolitical interests.