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Apple and competitor Meta conduct discussions about AI: report

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In an effort to catch up to competitors in the artificial intelligence space, Apple is in talks with key rival Meta about incorporating the generative AI of Facebook’s parent firm into its products, the Wall Street Journal said on Sunday.

The story follows Apple’s agreement to collaborate with OpenAI, the company behind ChatGPT, to develop additional AI features for its highly anticipated Apple Intelligence suite of products.

After Google and Microsoft released their devices one after the other in quick succession, Apple has been under pressure for months to convince many who have doubted its AI approach.

Although it has created a lesser version of its own artificial intelligence, it has stated that it will employ third-party tools like OpenAI to enhance its internal solution.

The Journal, citing people familiar with the situation, reported that Meta and Apple have spoken about incorporating Meta’s generative AI model into Apple Intelligence.

Early in June, Craig Federighi, senior vice president of software engineering at Apple, stated that the company also aimed to incorporate features from Google’s Gemini generative AI technology into its products.

Analysts claim that Apple’s biggest problem has been figuring out how to incorporate ChatGPT-style AI, which ravenously consumes data, into its products without jeopardising the highly emphasised customer privacy and security.

With Apple Intelligence, users will be able to create custom emojis by describing something in plain English or write concise email summaries directly from their mailbox.

According to Apple, the voice assistant Siri will also receive an AI upgrade and will now show up as a pulsating light on the edge of your home screen.

Since its release more than a decade ago, GPT-4o, the newest assistant from OpenAI, has surpassed Siri as a useful function.

Canalys estimates that by 2028, generative AI elements would be present in 54% of smartphones shipped, up from 16% of smartphones shipped this year.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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