Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, sources say, setting the stage for a blockbuster agreement that would shake up the AI industry.
The two companies are in active negotiations to let Apple license Gemini, Google’s set of generative AI models, to power some new features coming to the iPhone software this year, sources said.
Apple also recently held discussions with OpenAI and has considered using its model, the sources added. More on what this could mean for the two companies: https://bloom.bg/4chtHWG
📷: SeongJoon Cho/Bloomberg
The two companies are in active negotiations to let Apple license Gemini, Google’s set of generative AI models, to power some new features coming to the iPhone software this year, sources said.
Apple also recently held discussions with OpenAI and has considered using its model, the sources added. More on what this could mean for the two companies: https://bloom.bg/4chtHWG
📷: SeongJoon Cho/Bloomberg
US Treasury bullish: Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy Treasury Secretary Wally Adeyemo said. https://bloom.bg/3IEWpD8
Hot cocoa: Cocoa futures have doubled in less than three months as their landmark surge intensifies, boosting costs for consumers and sending chocolate makers scouring for supply. https://bloom.bg/3IEXo6i
Tough times ahead: The worst may not be over for Ghana’s cedi, Africa’s third-worst performing currency this year. https://bloom.bg/3TGX9ye
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Hot cocoa: Cocoa futures have doubled in less than three months as their landmark surge intensifies, boosting costs for consumers and sending chocolate makers scouring for supply. https://bloom.bg/3IEXo6i
Tough times ahead: The worst may not be over for Ghana’s cedi, Africa’s third-worst performing currency this year. https://bloom.bg/3TGX9ye
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
BREAKING: Japan exits the world’s last negative-rate regime, ending the most aggressive monetary easing in modern history.
Follow our free live blog https://bloom.bg/4ckY922
Follow our free live blog https://bloom.bg/4ckY922
The safety of intermittent fasting, a popular strategy to lose weight by limiting food intake to certain times, was called into question by a surprise finding from research presented at a medical meeting.
Limiting mealtimes to a period of just eight hours a day was linked to a 91% increase in risk of death from heart disease in the study.
The American Heart Association published only an abstract, leaving scientists speculating about details of the study protocol. The study was reviewed by other experts prior to its release, according to the AHA. Read more: https://bloom.bg/4cj9zn4
📷: Moment RF/Getty Images
Limiting mealtimes to a period of just eight hours a day was linked to a 91% increase in risk of death from heart disease in the study.
The American Heart Association published only an abstract, leaving scientists speculating about details of the study protocol. The study was reviewed by other experts prior to its release, according to the AHA. Read more: https://bloom.bg/4cj9zn4
📷: Moment RF/Getty Images
Media is too big
VIEW IN TELEGRAM
Nvidia just announced its newest AI processor chip, but companies in India are still waiting to get their hands on its predecessor known as Hopper.
One unknown startup has managed to secure an order of about 20,000 of the sought-after chips.
Bloomberg's Saritha Rai spoke to the CEO about his vision for India's AI future: https://bloom.bg/3VoUgmF
One unknown startup has managed to secure an order of about 20,000 of the sought-after chips.
Bloomberg's Saritha Rai spoke to the CEO about his vision for India's AI future: https://bloom.bg/3VoUgmF
Nigeria rates: Nigerian central bank Governor Olayemi Cardoso last month voted for an even larger interest rate increase than what was announced, confirming him as one of the most hawkish members of its monetary policy committee. https://bloom.bg/4aiVfct
Anti-LGBTQ law: Uganda’s harsh law outlawing homosexuality is undermining foreign direct investment and tourism inflows, hurting attempts by authorities to meet objectives under an International Monetary Fund program, the lender warns. https://bloom.bg/3INzmGg
Africa's metals: US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise America's ambitions to secure metals in Africa for the global energy transition. https://bloom.bg/3Tqox29
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Anti-LGBTQ law: Uganda’s harsh law outlawing homosexuality is undermining foreign direct investment and tourism inflows, hurting attempts by authorities to meet objectives under an International Monetary Fund program, the lender warns. https://bloom.bg/3INzmGg
Africa's metals: US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise America's ambitions to secure metals in Africa for the global energy transition. https://bloom.bg/3Tqox29
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
The US is considering blacklisting a number of Chinese chip firms linked to Huawei after it notched a significant tech breakthrough last year.
Most of the Chinese entities that could be affected were previously identified as chipmaking facilities acquired or being built by Huawei, in a presentation by the Washington-based trade group Semiconductor Industry Association.
Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It would also ratchet up the pressure on a Chinese national champion that’s made advances despite existing sanctions. Read more here: https://bloom.bg/4cqoFr8
📷: Qilai Shen/Bloomberg
Most of the Chinese entities that could be affected were previously identified as chipmaking facilities acquired or being built by Huawei, in a presentation by the Washington-based trade group Semiconductor Industry Association.
Such a move would mark another escalation in a US campaign to ringfence and curtail Beijing’s AI and semiconductor ambitions. It would also ratchet up the pressure on a Chinese national champion that’s made advances despite existing sanctions. Read more here: https://bloom.bg/4cqoFr8
📷: Qilai Shen/Bloomberg
Sam Bankman-Fried said US prosecutors’ proposal to put him in prison for as long as 50 years "distorts reality" and paints him as a "depraved super-villain."
Prosecutors have argued that a sentence ranging from 40 to 50 years is necessary for the FTX co-founder’s "historic" crime involving more than 1 million victims and losses of more than $10 billion in the collapse of his crypto empire. Read more here: https://bloom.bg/3x1Reeh
📷: Stephanie Keith/Bloomberg
Prosecutors have argued that a sentence ranging from 40 to 50 years is necessary for the FTX co-founder’s "historic" crime involving more than 1 million victims and losses of more than $10 billion in the collapse of his crypto empire. Read more here: https://bloom.bg/3x1Reeh
📷: Stephanie Keith/Bloomberg
Gold standard: Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it’s no longer keen to defend and is instead working on a new exchange rate potentially backed by gold. https://bloom.bg/4akxAs3
Industry slump ends: Ghana's economy expanded at the fastest pace in a year as the industry sector ended four quarters of decline. https://bloom.bg/3TsBzMw
Rates signal: South Africa’s inflation rate climbed to a four-month high, likely cementing the central bank’s resolve to keep borrowing costs on hold when it meets next week. https://bloom.bg/3VrNOvs
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Industry slump ends: Ghana's economy expanded at the fastest pace in a year as the industry sector ended four quarters of decline. https://bloom.bg/3TsBzMw
Rates signal: South Africa’s inflation rate climbed to a four-month high, likely cementing the central bank’s resolve to keep borrowing costs on hold when it meets next week. https://bloom.bg/3VrNOvs
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Bloomberg.com
Zimbabwe Lets Currency Free-Fall While It Weighs Gold Standard
Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency that it’s no longer keen to defend and is instead working on a new exchange rate potentially backed by gold.
Rural India, home to most of the country’s population, has been instrumental to the ruling Bharatiya Janata Party’s rise over the last decade.
But while India remains the fastest-growing major economy — a place where Apple is making more of its iPhones and global investors are parking money once bound for China — outside of its metropolises, investment is still weak, infrastructure remains spotty and economic prospects for its citizens are far less rosy.
If Prime Minister Narendra Modi earns a third term in office, as polls suggest he will, it will be in spite of the state of the rural and farming economy — not because of it. Here's why: https://bloom.bg/3IK8Rll
📷: Anindito Mukherjee/Bloomberg
But while India remains the fastest-growing major economy — a place where Apple is making more of its iPhones and global investors are parking money once bound for China — outside of its metropolises, investment is still weak, infrastructure remains spotty and economic prospects for its citizens are far less rosy.
If Prime Minister Narendra Modi earns a third term in office, as polls suggest he will, it will be in spite of the state of the rural and farming economy — not because of it. Here's why: https://bloom.bg/3IK8Rll
📷: Anindito Mukherjee/Bloomberg
Senegal votes: After a tumultuous buildup, Senegalese people will elect a new leader on Sunday to oversee one of the world’s fastest-growing economies and a nascent oil and gas producer. https://bloom.bg/3TKViZc
Step aside: South Africa’s speaker of parliament is taking “special leave” after her house was raided this week as part of a corruption investigation. https://bloom.bg/43rgN4v
New leader: Ugandan President Yoweri Museveni named his son, who says he wants to be the nation’s next leader, as chief of the defense forces. https://bloom.bg/4cuDPvw
Sign up for our twice-weekly newsletter on where sub Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Step aside: South Africa’s speaker of parliament is taking “special leave” after her house was raided this week as part of a corruption investigation. https://bloom.bg/43rgN4v
New leader: Ugandan President Yoweri Museveni named his son, who says he wants to be the nation’s next leader, as chief of the defense forces. https://bloom.bg/4cuDPvw
Sign up for our twice-weekly newsletter on where sub Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Bloomberg.com
Senegal to Pick New Leader as it Gears Up for Energy Boom
Presidential election taking place as fast-growing economy prepares for oil and gas bonanza
Media is too big
VIEW IN TELEGRAM
Narendra Modi's BJP took the lion’s share of over $720 million from a now-banned electoral bonds scheme, but who were the biggest donors?
Read what the numbers reveal about funding for India’s political parties: https://bloom.bg/3Vv9BCg
Read what the numbers reveal about funding for India’s political parties: https://bloom.bg/3Vv9BCg
Media is too big
VIEW IN TELEGRAM
A growing army of underwater robots is helping the shipping industry clean up its act. They’re on a mission to help decarbonize an industry responsible for nearly 1 billion tons of CO2 emissions each year.
Watch how the robots scrape off the algae, seaweed and barnacles that accumulate on ships to improve fuel-efficiency. Read more here: https://bloom.bg/4acGMiA
Watch how the robots scrape off the algae, seaweed and barnacles that accumulate on ships to improve fuel-efficiency. Read more here: https://bloom.bg/4acGMiA
Repo rate decision: South Africa’s central bank leaves borrowing costs unchanged at a 15-year high at its final rate-setting meeting before elections in May. https://bloom.bg/4ad32Ja
Inflation woes: Zimbabwean annual inflation surges to a seven-month high, days after the finance minister pledged to address price increases that are being fueled by the nation's plunging currency. https://bloom.bg/3TsfLjS
Political rivalries: South Africa’s ANC sees the rival Inkatha Freedom Party as a bigger electoral threat, and is dismissing former President Jacob Zuma’s new organization as “a nuisance.” https://bloom.bg/4aaBSCK
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Inflation woes: Zimbabwean annual inflation surges to a seven-month high, days after the finance minister pledged to address price increases that are being fueled by the nation's plunging currency. https://bloom.bg/3TsfLjS
Political rivalries: South Africa’s ANC sees the rival Inkatha Freedom Party as a bigger electoral threat, and is dismissing former President Jacob Zuma’s new organization as “a nuisance.” https://bloom.bg/4aaBSCK
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Political partnerships: South Africa’s Democratic Alliance will resist forming a coalition with the ruling African National Congress in order to govern the country should it need to. https://bloom.bg/3vC3PnO
Majority win: Senegal’s opposition leader Bassirou Diomaye Faye is officially confirmed as the winner of Sunday’s presidential elections, beating the ruling coalition’s candidate by an overwhelming margin. https://bloom.bg/3TvCiwm
Dirty air: South Africa is home to many of the world’s worst emission sites for toxic nitrogen dioxide and sulfur dioxide and most of those are operated by the nation’s state power utility, according to Greenpeace. https://bloom.bg/3TAw7aq
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Majority win: Senegal’s opposition leader Bassirou Diomaye Faye is officially confirmed as the winner of Sunday’s presidential elections, beating the ruling coalition’s candidate by an overwhelming margin. https://bloom.bg/3TvCiwm
Dirty air: South Africa is home to many of the world’s worst emission sites for toxic nitrogen dioxide and sulfur dioxide and most of those are operated by the nation’s state power utility, according to Greenpeace. https://bloom.bg/3TAw7aq
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
NEW: FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has both captivated and overshadowed the crypto industry. Read more here: https://trib.al/zBBhwdP
Follow the Bloomberg Crypto Telegram channel: https://tttttt.me/bloombergcrypto
📷: Getty Images
Follow the Bloomberg Crypto Telegram channel: https://tttttt.me/bloombergcrypto
📷: Getty Images
Several workers from World Central Kitchen were killed in an airstrike by the Israeli military in Gaza, the disaster relief group founded by celebrity chef José Andrés said. More here: https://bloom.bg/3J3TGU0
📷: AFP via Getty Images
📷: AFP via Getty Images
Woman leader: President Felix Tshisekedi appoints Judith Tuluka Suminwa as the next prime minister of the Democratic Republic of Congo, the first female to hold the role in the world’s second-biggest copper producer. https://bloom.bg/3TFjevS
Corruption arrests: South African Speaker of Parliament Nosiviwe Mapisa-Nqakula lost a court bid to prevent the authorities from detaining her over allegations of corruption, and now faces arrest. https://bloom.bg/4aeKjNx
Egyptian presidency: Abdel-Fattah El-Sisi was sworn in for a third term as expectations build for a change of course after a $50 billion international bailout warded off the worst economic crisis in decades. https://bloom.bg/4aH3pM5
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Corruption arrests: South African Speaker of Parliament Nosiviwe Mapisa-Nqakula lost a court bid to prevent the authorities from detaining her over allegations of corruption, and now faces arrest. https://bloom.bg/4aeKjNx
Egyptian presidency: Abdel-Fattah El-Sisi was sworn in for a third term as expectations build for a change of course after a $50 billion international bailout warded off the worst economic crisis in decades. https://bloom.bg/4aH3pM5
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
LIVE: Tsunami alerts are in force in Taiwan and Japan after a strong earthquake. Follow our free-to-read blog for the latest news and updates https://bloom.bg/3PMegfn
📷: TVBS/AP Photo
📷: TVBS/AP Photo
Human rights: Uganda’s Constitutional Court rejected a bid to overturn stringent anti-LGBTQ legislation that led the World Bank to suspend funding. https://bloom.bg/4am2Ze8
Money woes: Zimbabwe’s currency plunges to another record low as citizens rush to the safety of the US dollar ahead of an expected announcement on the fate of the local unit. https://bloom.bg/3U3JEJ8
Africa's largest refinery: Nigeria’s new mega-refinery will begin domestic gasoline deliveries in May, weaning Africa’s most populous country of costly petroleum imports. https://bloom.bg/3xlzmv3
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Money woes: Zimbabwe’s currency plunges to another record low as citizens rush to the safety of the US dollar ahead of an expected announcement on the fate of the local unit. https://bloom.bg/3U3JEJ8
Africa's largest refinery: Nigeria’s new mega-refinery will begin domestic gasoline deliveries in May, weaning Africa’s most populous country of costly petroleum imports. https://bloom.bg/3xlzmv3
Watch Africa Amplified for a deep dive into the region’s biggest stories: https://bloom.bg/3u0S3Cz
Succession planning is kicking into high gear in India. Here are the 16 next-gen heirs preparing to lead some of India’s biggest businesses — including those belonging to the Ambani and Adani families https://bloom.bg/3TNKlF1