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Plus: Apple schedules iPhone launch event for September 9

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Apple has announced a highly anticipated event on September 9 at Apple Park, where the tech giant is expected to unveil its latest iPhone models, along with new Apple Watches and AirPods. The iPhone launch, a crucial event for Apple's product lineup and financial success, is expected to highlight new hardware and innovative software features under the tagline "It's Glowtime." Read more
OpenAI recently demonstrated a new AI breakthrough, codenamed "Strawberry," to U.S. national security officials, highlighting its potential to enhance complex task-solving abilities in AI models. This technology could generate high-quality training data for OpenAI's next major model, "Orion," aimed at reducing errors in advanced AI applications. The move signals OpenAI's efforts to be more transparent with policymakers and secure its technology against foreign threats. Additionally, there are plans to integrate Strawberry’s capabilities into future chat-based products, offering users more accurate but potentially slower responses. Read more
Klarna aims to cut nearly half of its workforce as it leverages AI for efficiency gains, potentially reducing its staff to 2,000 employees. CEO Sebastian Siemiatkowski highlighted the benefits of AI in customer service and marketing, boosting revenue per employee while narrowing losses. The Swedish fintech, which recently reduced its net loss to SKr10mn, is preparing for an IPO as early as next year, with financial advisors like Morgan Stanley and Goldman Sachs lined up. Klarna's focus on AI-driven cost savings could be a key selling point for its upcoming public offering. Read more
AI chatbots, while useful for research, present unique risks to teens, including bias and misinformation. A new report from Common Sense Media evaluates popular chatbots like Anthropic's Claude, Google's Gemini for teens, and Perplexity, highlighting varying levels of risk. Although some chatbots have improved safety features, others, like Perplexity, pose higher risks due to a lack of transparency and authoritative presentation of potentially inaccurate information. Parents are encouraged to guide teens in understanding both the benefits and limitations of these tools. Read more
Cerebras Systems has launched a new AI inference tool that leverages its unique Wafer Scale Engine chips, offering a more cost-effective alternative to Nvidia's GPUs. Designed to handle large AI models more efficiently, Cerebras' technology aims to deliver superior performance at a lower price point, charging as little as 10 cents per million tokens. This new offering positions Cerebras to capture a significant share of the fast-growing AI inference market, expected to be worth tens of billions of dollars as AI adoption increases. Read more