🏠 Apple’s new smart home devices

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TOP STORY
🏠️ Apple’s new smart home devices

Apple is coming for our homes. Dominating the smartphone and laptop market clearly isn’t enough for Apple.

Earlier this week, we learned that “Apple is planning an aggressive new strategy to conquer the smart home market.”

Greedy much?

The goal is to develop a brand-new home operating system. So, what does this mean for users?

Picture a magical iPad-like device in your home where you can stream content, make calls, control smart devices, and browse the web, all from one central hub.

However, it is not the first time Apple has tried sprucing up our homes, and the previous attempts did not go well.

The difference this time is AI.

With a little help from Apple Intelligence, their advanced AI system, Apple is designing a high-tech robotic tabletop device that will interact with users and automate all of these home tasks.

So, Apple has the AI; they have the brand, and now it’s all about execution.

Get ‘er done, team!

WORD OF THE DAY

TRANSPORTATION
🚄 Japan’s Metro system raises $2.6B

Have you ever wondered just how valuable the New York subway system really is?

I know you have.

I’m much more of an overpay-for-a-taxi kinda guy, personally, but I still appreciate the occasional A train.

Now before you ask, unfortunately, I can’t tell you exactly how valuable the New York subway is.

But, lucky for you, I can tell you that Japan’s Metro system just raised billions.

Earlier this week, Tokyo Metro Co.’s IPO raised ¥348.6 billion ($2.3 billion) after pricing shares at an affordable ¥1,200 ($8) per share.

Damn, this could be a steal! But before logging into Robinhood, you’re gonna have to wait until October 23 for shares to drop (on the public market) for us normies.

Lame.

It’s really nice to see that people still care about public transportation.

SOCIAL MEDIA
🤖 AI’s taking over TikTok

AI is taking names and jobs at TikTok. Earlier this week, TikTok announced that it was laying off hundreds of employees globally.

Why? So they can use more AI in content moderation.

What will this moderation handoff look like? It means that, instead of humans reviewing endless hours of content, TikTok will use AI to remove harmful posts.

It makes more sense, too, as AI will be much quicker and more cost-effective.

But making TikTok a safer platform ain’t cheap. 

TikTok expects to invest $2 billion globally in trust and safety this year, a small price (IMO) to ensure our safety while watching people show us new ways to turn a cucumber into a salad.