Amazon Tackles Healthcare, Apple Slashes iPhone X Production
Amazon is joining forces with Berkshire Hathaway and JPMorgan Chase to bring their employees better and cheaper healthcare. The three companies will create an independent company solely focused on improving technology to make the healthcare system more efficient. Details are scarce as plans are still in the early stages.
And Apple is reportedly slashing production of its iPhone X due to waning demand. The company was originally planning to produce 40 million iPhone Xs but now will only produce 20 million, according to the Wall Street Journal. This comes just days before Apple is set to report its quarterly earnings.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
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