Apple's AI Delay and iOS 18 Features

Apple's AI features delayed, to be released in October, impacting iPhone 16's installation and spurring potential upgrades.

### Apple's AI Delay and Earnings Preview
* 🍏  Apple's AI feature, Apple Intelligence, will be delayed to the **18.1 update**, missing the initial release of iOS 15 in September.
* 📱  Apple Intelligence will initially be available on iPhone 15 Pro and Pro Max, with upcoming iPhone 16 models also **supporting it**.
* 🤖  The AI features include **generative AI capabilities for image creation**, **enhanced Siri**, and **text summarization tools**.
* 💰  Analysts are cautious about the potential impact of AI on Apple's stock, with some suggesting **investors may be overly optimistic**.
* 📊  Apple is set to report fiscal third-quarter earnings, with focus on **iPhone sales** and **guidance for the upcoming quarter**.
* 🔮  Analysts are looking for clues on how AI investments will translate into **revenue growth**, particularly for **cloud and AI services**.
* 🇨🇳  The recent infrastructure attacks in France are raising concerns about **potential cyber threats during the Olympics**.
* 🔒  Despite the attacks, the Paris Olympics have not been significantly disrupted, with authorities **investigating the incidents**.

### Trump's Pro-Crypto Stance at Bitcoin 2024 Conference
* 🏦  The Bitcoin 2024 conference in Nashville featured many institutional players, with **over 10 congressmen and women in attendance**.
* 🪙  Former President Trump promised to "**make Bitcoin great again**" and vowed to **fire SEC Chair Gary Gensler on day one** if re-elected.
* 🎉  The crypto industry responded positively to Trump's statements, particularly his **criticism of Gensler's SEC enforcement actions**.
* 🏛️  The Blockchain Association CEO noted a shift in political attitudes towards crypto, with both parties recognizing the importance of the **"crypto voter."**
* 🔒  Trump's strong pro-crypto stance contrasts with his previous skepticism, marking a **significant shift in his public position**.
* 🎤  Trump's speech at the conference was well-received by attendees, who appreciated his focus on **crypto-related issues**.
* 📈  The industry is hopeful that political support for crypto will continue to grow, with both parties now actively courting the **"crypto vote."**

Apple's AI Delay and Trump's Pro-Crypto Turn | Bloomberg Technology

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Apple's AI features have been delayed and will not be released with iOS 15, but will instead come with the 15.

The rollout will initially only be available on iPhone 15 Pro and iPhone 15 Pro Max, with later expansion to the iPhone 16 and other devices.

The company's fiscal third-quarter earnings report will be crucial in providing insight into the future performance of the iPhone, especially in the context of a potential AI upgrade cycle.

Apple's Slow Rollout of Artificial Intelligence

Apple's rollout of artificial intelligence (AI) is expected to be slower, with a less significant impact on sales than what is reflected in the stock.

The company is hoping that AI will spur an upgrade cycle, particularly for iPhone sales, but the impact may not be as substantial as anticipated.

The use of AI could potentially help Apple enhance its ecosystem and drive higher-margin services, but the expected boost from AI on the stock may be overstated.

Key Points on Upcoming Tech Company Earnings

Tech companies will focus on the growth of AI integration and justify their investments in the upcoming earnings calls.

Meta is expected to communicate a more moderate growth outlook, while Amazon is likely to maintain a bullish stance on AI.

Investors will be looking for progress updates on AI development and clarification on the broad AI revenue run rates to be convinced of the companies' future prospects.

Alibaba's Software Service Fee Increase and Xiaomi's EV Expansion

Alibaba is raising its software service fee to 0.

6%, aiming to boost its core merchant revenue.

Xiaomi is expanding its electric car production, having already delivered over 40,000 vehicles and purchased a $160 million plot of land in Beijing.

France experienced a large-scale attack on its fiber networks, but it did not disrupt the Olympics, and authorities are investigating any potential links to previous attacks.

Trump's speech at the Bitcoin 2024 conference generated excitement by promising to make Bitcoin great again and replace the SEC chair.

The industry's attitude towards Trump's pro-crypto stance has shifted, with many being excited about his promises.

The Blockchain Association and its members are highly supportive of Trump's plan to replace the SEC chair and his pro-crypto stance.

The Impact of Political Figures on the Crypto Industry

Donald Trump's strong support for crypto is causing a shift in the Democratic Party's stance on the issue.

Both parties are now competing to attract crypto voters, recognizing the importance of cryptocurrency in the upcoming election.

The CEO of the Blockchain Association is actively engaging with the campaign teams of political figures, like Kamala Harris, in the hope of promoting pro-crypto policies.

Justice Department has filed a detailed response outlining the reasons for considering TikTok a national security threat, focusing on data collection, censorship, and free speech rights.

TikTok is doubling down on its argument that the law violates free speech rights, while much of the government's filing remains classified for national security reasons.

Success of an R-Rated Film and the Rise of YouTube Music

- A new R-rated film is exceeding expectations at the box office in the US and Canada, reviving the success of Marvel and Disney movies.

- YouTube Music is experiencing significant subscription growth, offering a unique service with video integration, and its success is driven by emerging markets.

- The service differentiates itself by using data from the main YouTube platform, influencing song recommendations based on users' video viewing habits.

The Impact of a Potential TikTok Ban on CapCut

CapCut, a mobile video editing app owned by the same parent company as TikTok, is gaining popularity and threatening long-time leaders like Adobe.

The potential ban of TikTok could also mean the end of CapCut in the U.

, as both companies share the same risks.

Despite its growing user base, CapCut is facing uncertainty about its future due to its association with TikTok.