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Apple surpasses Microsoft as world’s most valuable company
By Kayode Sanni-Arewa
Apple on Wednesday reclaimed its berth as the world’s biggest company when measured by stock price, taking back the top position from Microsoft
The iPhone juggernaut is on a Wall Street tear following its announcements of AI features at its annual developers conference on Monday.
Apple, which had taken its time to draw up its AI strategy, lost the top spot in January as investors rewarded Microsoft’s unabashed rollout of new generative AI products under its Copilot brand.
At 1530 GMT, Apple’s market capitalization stood at $3.33 trillion compared to Microsoft’s $3.26 trillion. Both shares are traded on the Nasdaq exchange in New York.
Apple has unveiled a new AI platform called Apple Intelligence that will be gradually added to a new version of the iOS 18 operating system.
The technology will only be available on Apple’s highest-end hardware, forcing interested customers to pay premium prices to enjoy the AI.
Analysts, while lukewarm at first, have grown to believe that the iPhone’s new powers will motivate the company’s 1.5 billion strong user base to update their phones in order to take advantage of the AI powers.
“The delayed positive reaction from the Street on the Apple Intelligence news was investors starting to fully digest that the AI revolution will come through the consumer with an Apple device over the coming year,” said Wedbush Securities senior analyst Daniel Ives.
AFP
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Edo guber: LP’s Akpata remains a front runner, set to capture Edo
By Kayode Sanni-Arewa
Less than twenty-four hours to the start of voting in Saturday’s governorship poll in Edo State, a rash of fake news has broken out.
Leading parties in the election have had their fair shares of fake news either indicating the withdrawal of their candidates or disqualification by a Magistrate Court or Supreme Court.
For instance, Olumide Akpata of LP was said to have withdrawn from the race and thrown his support for Asue Ighodalo in a statement that read smoothly and appeared convincing.
THE CONCLAVE sent the statement to Akpata via WhatsApp for confirmed.
He responded by sending the same statement with FAKE NEWS boldly stamped on it.
He said he was set for victory at the poll.
There was also a news flash about the Supreme Court disqualifying Asue Ighodalo of the Peoples Democratic Party, with a sign off: More details coming….
A Magistrate Court in Abuja was also reported to have disqualified Monday Okpebholo of the APC from the poll on account of age falsification.
The APC campaign organisation had swiftly put a lie to the report by deploying the court papers in the circumstance.
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