Apple is planning to switch to a homegrown chip for Bluetooth and Wi-Fi connections for its devices starting next year, a move that will phase out some parts currently supplied by Broadcom, Bloomberg News reported on Thursday. The chip, code-named Proxima, has been under development for several years and is now slated to go into the first iPhones and smart home devices produced in 2025, the report said, citing people familiar with the matter. The iPhone maker's in-house chips will be produced by Taiwan Semiconductor Manufacturing Co, the report added. At its annual developer conference in June, Apple said that it plans to use its own server chips to help power artificial intelligence features on its devices. The move is separate from Apple's reported plans to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm, the report added. However, the two parts will eventually work together, Bloomberg said on Thursday. Apple did not immediately respond to Reuters' request for comment. The company is working with Broadcom to develop its first server chip, which is internally code-named Baltra, specifically designed for AI processing, the Information reported on Wednesday. The iPhone maker, along with some other big technology companies, has found it hard to cut reliance on Nvidia's pricey and short-in-supply processors despite in-house efforts to develop their own chips to power compute-heavy AI services. Last year, Broadcom, a major supplier of wireless components to Apple, had signed a multi-billion-dollar deal with the company to develop 5G radio frequency components.Crew members, passenger treated for injuries after extreme turbulence on flight to Phoenix
Lucid Motors CEO Peter Rawlinson appeared on Bloomberg TV Thursday morning to discuss how the struggling electric vehicle (EV) maker is in discussions with " multiple automakers about potential partnerships ." Lucid would welcome an opportunity to share costs and intellectual property with a traditional car company , Chief Executive Officer Peter Rawlinson told Bloomberg TV, noting that there are ongoing conversations with "a couple" of manufacturers . "It would be lovely if we could supply technology to a traditional car company to help them on their way to sustainability, and perhaps we can leverage economies of scale with their parts bin and other aspects of the business," Rawlinson said in an interview. Interesting interview !! Worth to watch 👀 $LCID 🚀 #LucidMotors Reveals 450 Miles Range EV https://t.co/tue4sRoiGU pic.twitter.com/wRQdoZ7sqw California-based Lucid is struggling in the era of Tesla winning the EV price war and risks that President-elect Donald Trump will cut the $7,500 tax credit next year . Lucid's third-quarter revenue of $137.8 million was nearly 30% below the same period one year ago, while vehicle production for the year was between 8,000 and 8,500 vehicles, down from a target of 10,000. In a separate report, we noted that Luicid lost a little more than a quarter million dollars per car sold . This is alarming and only made possible after a decade of negative real rates and unlimited QE. Lucid is not alone in its financial struggles within the EV sector. Rivian, another upscale EV maker, faced a loss of $33,000 per vehicle sold in the second quarter. Meanwhile, Ford, a traditional automaker, anticipates over $4 billion in losses from its EV division this year. Meanwhile, Tesla's Elon Musk has encouraged Trump to eliminate the $7,500 consumer tax credit, which would ultimately be a play in nuking his competition , such as Lucid, Rivian, and legacy automakers. In premarket, the CEO's comments on Bloomberg barely budged the stock. Shares are down 42% on the year. Short interest is about 23% of the float with 4.4 days to cover. Lucid is supported by the Saudi Arabian public investment fund and recently entered into a partnership with Volkswagen. At the beginning of the year, Morgan Stanley's Adam Jonas outlined various pathways for struggling EV companies to navigate the downturn. The note was titled " Can EV Slowdown Trigger Auto M&A Wave?"
LONDON (AP) — Arsenal moved up to second place in the Premier League with a 1-0 home win against Ipswich on Friday. Mikel Arteta’s side is six points behind leader Liverpool, which has a game in hand. Second-bottom Ipswich had won two of its last three away games but was up against it from the start at the Emirates. The visitors did not have one touch in the Gunners’ box during the first 45 minutes and, although Ipswich showed signs of life after the break, it was Arsenal which continued to dominate the game, marshaled by Declan Rice in midfield. Kai Havertz got the only goal midway through the first half when he knocked in a cross from Leandro Trossard. Havertz, Rice, Mikel Merino, Martin Odegaard and Gabriel Jesus all had chances but none of them could add to Arsenal’s tally. “It’s so tough, every team is tough to break down," Havertz said. "They fight for each other and at the end we’re very proud for the win.” Arsenal is a point above third-place Chelsea and two points clear of season surprise team Nottingham Forest in fourth. Brighton had most of the chances but could not find the net in a 0-0 draw with Brentford that extended the south coast club’s winless run to six league games. It was a frustrating night for the home side and especially Julio Enciso. The Paraguay striker had a host of opportunities to score but couldn’t make them count. Along with Southampton, Brentford has the worst away record in the league with seven losses and two draws and it was easy to see why in this toothless performance. Brentford had an early goal from Yoane Wissa ruled out for offside and, although it came a bit more into the game in the second half, it failed to pressure Icelandic goalkeeper Hakon Valdimarsson, who made his Premier League debut eight minutes before halftime when Mark Flekken went off with a thigh injury. One bright spot for the home side was the return of winger Solly March. He came on as a late substitute to make his first appearance for Brighton since injuring a knee against Manchester City 14 months ago. The result leaves Brighton in 10th place with 26 points, one spot and two points ahead of the Bees. AP soccer: https://apnews.com/hub/soccerBradman letters revealed: What Don really thought about Packer, Warne, the queen and fameCracks emerge in Trump's MAGA coalition
AI is a game changer for students with disabilities. Schools are still learning to harness it