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The Apple iPhone 16 event showcases new watches, AirPods, and AI power.

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“Apple Intelligence was the driving force behind the design of the upcoming iPhone generation. “At a product introduction, Chief Executive Tim Cook declared that it signified the start of an exciting new age.

Apple’s stock finished the day hardly altered at $220.91. The competitive issue that Apple confronts is highlighted by the timing of its event, which took place just hours before China’s Huawei (HWT.UL) unveiled a tri-fold phone. To power the 16s, Apple has not yet revealed its AI partner in China.

Phones are anticipated to be one of the key arenas for the competition between Apple and other tech giants worldwide to include AI into their products. The corporation, located in Cupertino, California, is also placing bets that the AI function would encourage customers to upgrade in the midst of dropping iPhone sales.

According to corporate insiders, Siri will be enhanced with Apple Intelligence, the AI program, to include features like object recognition and understanding from phone cameras.

The English language version of the U.S. will have access to a test version of Apple Intelligence starting next month. It will be accessible in December for further English localizations; versions in Chinese, French, Japanese, and Spanish will follow the following year. According to Apple, features will be released gradually, including enhancements for Siri. But it didn’t specify when it would go past testing.

With an aluminum case and updated chip, the iPhone 16 and 16 Plus will cost the same as the versions they replace. One of the most praised hardware elements in a format resembling earlier models was an adjustable button that could operate the camera.

With titanium construction and enhanced AI capabilities, the more expensive iPhone 16 Pro and 16 Pro Max can advise better photo shoot setups and offer audio editing tools targeted at high-end video production.

With particular capabilities designed to accelerate AI applications, Apple’s new iPhone CPUs are built on the most recent iteration of Arm’s architecture.

“Upgrading would likely entice existing iPhone owners who have owned their smartphone for 3–4 years, even if some features are trickling out later, as this will future-proof their device for AI,” said Nabila Popal, an analyst at International Data Corp.

However, many potential customers were first kept off the market by the feature delays, according to multiple analysts.

It is possible that individuals will hold off on starting research until they have a better understanding of how these things operate. TECHnalysis Research founder Bob O’Donnell stated, “But I don’t think we’ll see the mad rush that we’ve seen in years past.”

On the other hand, Huawei’s website said on Monday that it had received over 3 million pre-orders for its Z-shaped tri-fold phone before it was formally unveiled. In China, where customers yearn for more AI features and are prepared to pay for them, this highlights Huawei’s capacity to get around US restrictions and strengthens its position against Apple.

Airpods and watches
Apple also introduced upgraded hardware design along with new Watches and AirPods with health-focused features. Apple highlighted the Watch’s capacity to identify and react to emergencies like falls as well as longer-term health concerns like sleep apnea.

Apple released hearing-aid features that it has submitted for regulatory assessment in the United States together with the AirPods upgrade.

The new AI-powered phones have been anticipated by Apple enthusiasts worldwide. Of Apple’s $383 billion in revenue last year, more than half came from iPhones.

According to D.A. Davidson analyst Gil Luria, “Apple has packaged them well and will be able to market them far more broadly, even though Android phones may have some of these features.”

China presents unique difficulties for Apple.

According to Gadjo Sevilla, a senior technology analyst at eMarketer, “Apple dropped out of the top five smartphone vendors in China in Q2.” For the first time, indigenous Chinese smartphone companies occupied all five positions. Apple Intelligence won’t probably be a major factor in the region’s adoption at first because Beijing still has to give its approval before it can be implemented in China.

Early this year, Apple drastically reduced pricing in China as a result of local competition and government constraints.

Although the AI features are anticipated to be available on the iPhone 15 Pro and Pro Max, the high-end models of the previous generation, the iPhone 16 lineup is the first Apple smartphones built around them.

Alphabet’s (GOOGL.O) rivals open a new tab In an effort to challenge Apple’s hegemony in the high-end smartphone market, Google is also displaying AI technologies.

Google, the company behind the Android operating system, which rivals Apple’s iOS, concentrated on artificial intelligence (AI) capabilities during the Pixel smartphone launch event in August. One such feature is Gemini Live, which enables users to have live speech conversations with a digital assistant.

Many of the artificial intelligence (AI) technologies that Google had revealed were also made available for Android-based devices from manufacturers including Motorola (MSI.N) and Samsung (005930.KS), opens new tab.

In June, a week following its developer conference, Apple announced that European Union tech regulations will cause it to postpone the rollout of AI-powered features in that region.

In China, Huawei plans to formally unveil the Mate XT Z-fold phone on Tuesday.

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The PSX has resumed operations, achieving a gain of 970 points.

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The optimistic close at the PSX was propelled by rumors preceding the International Monetary Fund (IMF) executive board meeting on September 25, at which the approval of a $7 billion Extended Fund Facility (EFF) is expected, stated Ahsan Mehanti of Arif Habib Commodities.

Strong economic indicators, such as increasing remittances, escalating exports, and a declining trade deficit, further bolstered investor confidence. Furthermore, the Asian Development Bank’s (ADB) commitment to a $2 billion yearly concessional loan until 2027, along with a robust rupee, significantly contributed to the market’s favorable performance, he stated.

Widespread purchasing at the PSX was noted among blue-chip stocks, with major players like Mari Petroleum (MARI), Engro Fertilizers (EFERT), United Bank Limited (UBL), Meezan Bank Limited (MEBL), and Fauji Fertilizer Company (FFC) recording substantial increases. According to Topline Securities, these stocks collectively resulted in a significant 682-point increase in the index.

Pioneer Cement Limited (PIOC) announced its fiscal year 2024 results, revealing a profits per share (EPS) of Rs 22.79 and a cash dividend of Rs 10 per share. This announcement contributed to the favorable sentiment in the market.

Trading volume surpassed 400.2 million shares, resulting in a total turnover of Rs15.9 billion. Worldcall Telecom Limited (WTL) topped the volume chart, transacting more than 32.2 million shares.

The Large Scale Manufacturing Index (LSMI) demonstrated a year-on-year (YoY) gain of 2.4% in July 2024. This expansion was propelled by multiple critical areas.

Tobacco experienced a significant increase of 90.2%, establishing it as the foremost contributor to the LSMI growth. Conversely, the automotive sector witnessed a substantial increase of 72.0%, indicating robust demand and output.

The transport equipment category experienced an 11.7% increase, signifying robust growth in the manufacturing of transport-related machinery and equipment. The other manufacturing sector experienced a gain of 10.7%, positively impacting the overall LSMI.

Nevertheless, not all industries exhibited strong performance. The leading decliner was the fabricated metal sector, which experienced an 18.4% decrease, signifying a contraction in metal product manufacturing. The electrical equipment industry experienced a substantial decline of 19.4%, indicative of reduced output levels.

In July 2024, the LSMI decreased by 2.1% on a month-on-month (MoM) basis. This fall signifies a minor contraction in manufacturing operations relative to the preceding month, although the favorable year-on-year growth.

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Microsoft and BlackRock are set to establish a $30 billion fund for artificial intelligence infrastructure.

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AI models, particularly those employed in deep learning and extensive data processing, necessitate considerable computer power, resulting in increased energy usage.

The computational demands of AI have compelled technology firms to interconnect thousands of chips in clusters to attain the requisite data processing capacity, resulting in a significant increase in the demand for specialized data centers.

The investment entity, termed Global AI Infrastructure Investment Partnership, seeks to improve AI supply chains and energy procurement, according to BlackRock and Microsoft.

MGX, the investment firm supported by Abu Dhabi, will serve as a general partner in the fund, while Nvidia (NVDA.O), a manufacturer of AI chips, will provide its expertise.

The collaboration is expected to generate a total investment potential of up to $100 billion, inclusive of loan funding, according to the corporations.

The investments will primarily be in the United States, with the remainder allocated to partner countries, as stated by the firms.

The Financial Times initially reported on the development.

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Pakistan ascends 14 positions in the UN E-Government Index 2024.

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This significant breakthrough signifies Pakistan’s shift from the “Middle EGDI category” to the “High EGDI category” for the first time, indicating considerable improvements in digital government capabilities.

The nation’s E-Government Development Index has risen to 0.5095, an increase from 0.42380 in 2022. Although Pakistan remains behind global leaders such as Denmark (0.9847) and regional leaders like Singapore (0.969) and the Maldives (0.6745), this enhancement is a significant accomplishment.

Minister of State for Information Technology Shaza Fatima Khawaja has reaffirmed the government’s dedication to establishing a digital Pakistan.

During an event in Islamabad on Wednesday, she underscored the necessity for collaborative endeavors to promote innovation among the youth.

She asserted that the private sector ought to have a pivotal role in realizing a digital Pakistan. Shaza Fatima said that the administration is endeavoring to deliver exceptional stable and rapid internet connectivity.

She emphasized that Pakistan’s position in the UN’s e-governance development index had ascended by fourteen points. She stated that we are one of two Asian countries that have advanced from the medium tier to the top tier of digital e-governance, characterizing this as a notable accomplishment.

The Minister of State further asserted that Pakistan has made significant advancements in cyber security, attaining a premier rank in this field.

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