The R&D World Index saw gains this week, driven partly by a surge in Intel’s value amid significant developments across various sectors. Honda and Nissan have ended their merger talks, citing concerns over autonomy and decision-making, while GlaxoSmithKline consolidates its vaccine R&D in Cambridge, MA. Novartis is set to reacquire rights to a blood clot…
Apple’s AI gets mixed reviews ahead of formal launch
Reviews are in for a beta version of Apple’s AI, following its iPhone 16 announcement. And experts are less than impressed. Vox called the tech “magically mediocre” after testing a developer beta. While AI Supremacy described Apple Intelligence as “late, unfinished & clumsy.” Critics point out that many of the touted AI features are not…
Nvidia surges to $3 trillion; Apple’s AI Rollout Hits EU snag in this week’s R&D Power Index
The R&D World Index (RDWI) for the week ending June 21, 2024, closed at 3,785.63 for the 25 companies in the RDWI. The Index was up 0.38% (or 14.33 basis points). Eighteen RDWI members gained value last week from 0.44% (Alibaba) to 3.52% (Cisco). Seven RDWI members lost value the previous week from -0.02% (Volkswagen…
As Apple Intelligence debuts, a quiet AI army is taking shape
Apple made waves at WWDC 2024 by launching Apple Intelligence (beta coming in the fall), its answer to the booming generative AI space. But while this marks Apple’s public entry into the arena, the company has been quietly assembling an “AI army” behind the scenes for years, and continues to do so with more than…