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Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. 

Justin Sullivan | Getty Images

When unveiling Apple Intelligence last summer, one of Apple’s flashiest demos showed the Siri voice assistant juggling several apps to help a user plan a lunch after landing from a flight. 

Those capabilities won’t be coming anytime soon. 

Apple on Friday announced that it is delaying the features that would supercharge Siri with the ability to take action inside other apps until next year. That feature was expected to be released this spring.

Another Siri improvement that is also being delayed would have allowed it to take advantage of what Apple calls “personal context.” For example, Siri would be able to fill out forms on users’ behalf with their personal information based on their driver’s license numbers taken from a photo.

“We’ve also been working on a more personalized Siri, giving it more awareness of your personal context, as well as the ability to take action for you within and across your apps,” an Apple representative said in a statement. “It’s going to take us longer than we thought to deliver on these features and we anticipate rolling them out in the coming year.”

The delay highlights some of the challenges Apple faces developing a next-generation voice assistant that uses cutting-edge artificial intelligence technology to be more useful and conversational. The pressure has heightened since the arrival of OpenAI’s ChatGPT that launched in late 2022 and ushered in the era of generative AI. 

Besides OpenAI, Apple risks falling behind rivals including Amazon, which announced an upgraded Alexa voice assistant last month but hasn’t released it, and Google, which is developing similar capabilities with its Gemini assistant. But all consumer voice assistants have had issues with incorrect answers and task automation.

Many Apple devices have already received some Siri upgrades if they support Apple Intelligence, including more conversational capabilities, a new look that makes the entire phone screen glow and integration with ChatGPT.

Apple Intelligence also includes features that can generate text or images, edit photographs and summarize notifications. Those features are currently available on newer iPhones.

The delay to Siri’s supercharged features isn’t Apple’s first run-in with issues adapting to new-age AI.

Earlier this year, the company disabled Apple Intelligence summaries for news apps like The New York Times and BBC after users discovered that the AI system had twisted headlines to display inaccurate facts.

Apple is also counting on its army of app developers to lay the groundwork for its next-generation Siri assistant by developing chunks of code Apple calls “app intents.” That code is intended to allow the AI-enhanced Siri to use functions within their apps.

While developers can currently build and test app intents, they won’t be able to see how they work in Siri until Apple releases a beta version of the upgraded assistant. Apple typically announces major new software features in June, at its WWDC conference.

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Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol

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Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol

Representation of Ethereum, with its native cryptocurrency ether.

Dado Ruvic | Reuters

Ether fell as much as 9% on Monday, slipping below its critical $3,600 support level, shortly after a multimillion dollar hack affected a protocol on the token’s native network. 

The cryptocurrency, which is issued on Ethereum, was last down 6.6% at around $3,600, CoinMetrics data shows. That’s roughly 25% off its high of $4,885 hit on August 22

The coin’s tumble came after Ethereum-based decentralized finance protocol Balancer on Monday lost possibly more than $100 million in a hack. The exploit marks the latest in a series of bearish events that have put digital assets investors on tenterhooks over the past few weeks.

In mid-October, U.S. President Donald Trump announced “massive” tariffs on China over its restriction of rare earth exports, kicking off investors’ flight from crypto to risk-off assets such as gold. And although the president later walked back that threat, his comments sparked a sell-off that triggered cascading liquidations of highly leveraged digital asset positions

Last week, Federal Reserve Chair Jerome Powell cautioned investors about expecting future rate cuts, adding to existing bearish market sentiment.     

“These events have put investors on uneasy footing as we roll into November,” Juan Leon, senior investment strategist at Bitwise, told CNBC. “Macro volatility notwithstanding, this October’s drawdown appears to have been a healthy, albeit sharp, de-leveraging event that flushed speculative excess from the market.”

Some stocks linked to digital assets are also coming under pressure. Coinbase shares were down nearly 4%, while Bitcoin treasury firm Strategy edged down more than 1%.   

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Nvidia adds nearly $100B in market cap in a matter of days. Here is what’s going right

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Nvidia adds nearly 0B in market cap in a matter of days. Here is what's going right

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Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips

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Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips

In this photo illustration, a person is holding a smartphone with the logo of US GPU hardware company Lambda Inc. (Lambda Labs) on screen in front of website.

Timon Schneider | SOPA Images | AP

Cloud computing startup Lambda announced on Monday a multibillion-dollar deal with Microsoft for artificial intelligence infrastructure powered by tens of thousands of Nvidia chips.

The agreement comes as Lambda benefits from surging consumer demand for AI-powered services, including AI chatbots and assistants, CEO Stephen Balaban told CNBC’s “Money Movers” on Monday.

“We’re in the middle of probably the largest technology buildout that we’ve ever seen,” Balaban said. “The industry is going really well right now, and there’s just a lot of people who are using ChatGPT and Claude and the different AI services that are out there.”

Balaban said the partnership will continue the two companies’ long-term relationship, which goes back to 2018.

A specific dollar amount was not disclosed in the deal announcement.

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Founded in 2012, Lambda provides cloud services and software for training and deploying AI models, servicing over 200 thousand developers, and also rents out servers powered by Nvidia’s graphics processing units.

The new infrastructure with Microsoft will include the NVIDIA GB300 NVL72 systems, which are also deployed by hyperscaler CoreWeave, according to a release.

“We love Nvidia’s product,” Balaban said. “They have the best accelerator product on the market.”

The company has dozens of data centers and is planning to continue not only leasing data centers but also constructing its own infrastructure as well, Balaban said.

Earlier in October, Lambda announced plans to open an AI factory in Kansas City in 2026. The site is expected to launch with 24 megawatts of capacity with the potential to scale up to over 100 MW.

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