Apple is looking to advance its artificial intelligence capabilities in an effort to catch up with the rest of the industry. Cheddar News senior reporter Michelle Castillo talked about Apple's annual $1 billion investment into the tech and how it plans to put its own imprint on the space.
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
Customers fell for Starbucks' fall menu in the fiscal fourth quarter, with Pumpkin Spice Lattes and apple croissants helping the company achieve record revenue.
