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Apple event
Apple CEO Tim Cook, presenting in dad shoes, clearly understood the assignment. (Photo by Justin Sullivan/Getty Images)

Apple is starting to show its age

Today’s event, complete with discussion of sleep apnea, showed Apple is catering to older customers. Bye-bye skydiving and rock climbing. Hello heart monitoring and fall detection.

Apple is almost 50 years old. It’s acting like it.

During Apple’s hardware event today, Apple felt older than ever. To wit: Company executives mentioned “sleep apnea” a dozen times and introduced a new feature on the Apple Watch that measures breathing disturbances. The AirPod demo discussed “hearing loss” way more than sound or audio quality, as they showed off noise reduction features as well as a clinically validated hearing test. Indeed, the AirPods Pro 2 will now double as hearing aids, which will benefit anyone with a hearing impairment, regardless of age.

Generally, a brand that once felt young and hip seemed to be acting its age, trading in super sexy styles for features that seemed to be genuinely useful for a user base that is getting older. Bye-bye skydiving and rock climbing. Hello heart monitoring and fall detection. Apple’s preoccupation with style seems to have given way to a focus on durability and substance. The company’s obsession with high-end materials — sapphire, titanium, ceramic — felt more in line with renovating a bathroom than promoting the next hot technology.

But rather than trying to pretend otherwise, the iPhone maker seems to be leaning in. Apple and many of its customers are aging, and it’s meeting them where they are. And as they say, with age comes wisdom.

Today Apple laid out the biggest update to its flagship iPhone to date: the iPhone 16 has incorporated AI, or Apple Intelligence, throughout the device. If the demos are to be believed, the new iPhone will be able to anticipate your needs, understand what you say, and do things for you by pairing artificial intelligence with the fact that Apple knows everything about you. In other words, it will be a far cry from the Siri of yesterday.

That means some potentially very helpful and time-saving features: Being able to tell Siri to find and text someone images from an event. Having it play music or add dates to your calendar based on what comes up in your text conversation. Giving you context about where you are or what you’re looking at through your phone’s screen. Prioritizing and summarizing your notifications. (Apple was sure to emphasize privacy at every step because all this stuff sounds very invasive, too.)

Of course, that all means Apple could further lock people into its ecosystem. You can almost hear the antitrust case writing itself. But until then, Apple seems to be aging gracefully.

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SpaceX filings reportedly show no one can fire Elon Musk except Elon Musk

The only thing stopping Elon Musk from being chairman and CEO of SpaceX is Elon Musk, according to Reuters, which viewed an excerpt of the company’s IPO filing.

The document outlines a dual-class share structure giving Musk control via super-voting stock. The filing says he “can only be removed from our board or these positions by the vote of Class B holders” — shares he’ll control after the listing. It adds that if he keeps those shares, he could “continue to control the election and removal of a majority of our board.”

At a typical public company — even founder-led ones with dual-class structures — a CEO can be fired by the board of directors, which represents shareholders and can vote to remove them over issues such as corporate performance, strategy, or misconduct.

The unusual SpaceX setup means Musk is unlikely to face the kind of CEO succession pressure he’s dealt with at Tesla. Musk, of course, is not a typical CEO, and the value of his companies has long been closely tied to his presence.

To be sure, SpaceXs confidential IPO filing isnt in its final form yet — while the filing is still in the confidential phase, the company will be going back and forth with the SEC, which will review it and suggest or require changes.

At a typical public company — even founder-led ones with dual-class structures — a CEO can be fired by the board of directors, which represents shareholders and can vote to remove them over issues such as corporate performance, strategy, or misconduct.

The unusual SpaceX setup means Musk is unlikely to face the kind of CEO succession pressure he’s dealt with at Tesla. Musk, of course, is not a typical CEO, and the value of his companies has long been closely tied to his presence.

To be sure, SpaceXs confidential IPO filing isnt in its final form yet — while the filing is still in the confidential phase, the company will be going back and forth with the SEC, which will review it and suggest or require changes.

tech
Rani Molla

OpenAI’s models are officially coming to Amazon

Amazon is finally getting in on the hottest ticket in tech.

After Microsoft announced yesterday that it has agreed to give up its exclusive rights to sell OpenAI’s models, Amazon, as expected, will start offering them to customers — something Amazon Web Services CEO Matt Garman says users have been asking for “for a really long time.” Some models are available now in preview, and the most powerful GPT versions will show up “in the coming weeks.”

This is a big shift in the AI cloud wars. Microsoft’s early bet on OpenAI gave Azure an edge by locking up the most in-demand models. Now that exclusivity is gone, Amazon and other competitors can finally offer them too, closing a key gap and competing more directly for AI customers.

This is a big shift in the AI cloud wars. Microsoft’s early bet on OpenAI gave Azure an edge by locking up the most in-demand models. Now that exclusivity is gone, Amazon and other competitors can finally offer them too, closing a key gap and competing more directly for AI customers.

tech

Ship-tracking app surges as Iran war continues

As Middle East peace talks stretch on, with Tehran reportedly offering to reopen the Strait of Hormuz if the US lifts its blockade and the war ends, the owner of shipping intelligence platform MarineTraffic revealed that the app has gained millions of new users since the conflict began.

MarineTraffic’s user count jumped to 8.5 million this April, up from 3.5 million a year ago, the cofounder of its parent company, Kpler, said in an interview with the Financial Times. Paid subscribers, often workers within companies and governments looking for more data on supply chains and commodities trading, rose 11,000 in the same period.

Kpler, which also owns shipping intelligence platform FleetMon, draws its data from a range of sources, including the Automatic Identification System, satellites, and more than 500 people on-site, like port terminal operators.

Per Appfigures data, MarineTraffic is estimated to have raked in almost $1 million across March and April in app revenue (through April 27), more than double the ~$346,500 from the same months last year. Across the full year, Kpler expects to earn between $300 million and $400 million in annual recurring revenues.

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