Apple Updates: AR For iOS, a Better Siri, and a Remedy for Tech Addictions
Here's the latest from Apple's annual conference for developers in San Jose, Calif., where the company is announcing software upgrades and new initiatives:
+ As expected, Apple unveiled tools to help iPhone and iPad users manage the time they spend glued to their screens. The new tool, Screen Time, is part of the new iOS 12 mobile operating system. Screen Time shows how much time users spend with each app, how many times they pick up their phones, and which notifications catch their attention. It will also enable users to set limits.
+ The iOS 12 will also include upgrades to the FaceTime app to enable group video chats with as many as 32 people simultaneously. And users can create their own animated emojis that look like them, what Apple is calling a "Memoji."
+ As competition among voice assistants heats up, Apple announced changes to Siri, which will be able to give iPhone users suggestions based on their location and the time of day. If you're running late, the new Siri can suggest you call or send a text to alert your next appointment from the phone's lock screen.
+ Apple will also roll out Siri Shortcuts to help users customize Siri's suggestions and program regular reminders for daily tasks.
+ The Photo app will be redesigned to make searching through images on an iPhone or iPad easier, allowing users to better sort by location, categories, and events. It will also incorporate facial recognition to make it easier to share images with friends.
+ Apple's new iOS 12 mobile operating system will also include a new tool, Measure, that lets users measure the dimensions of objects through their device's camera.
+ The company unveiled its big push into augmented reality with a new file format for AR content ー .USDZ. Craig Federighi, Apple’s senior vice president of software engineering, said it would be integrated with Adobe's Creative Cloud ecosystem and can be easily shared via text message and email.
+ Tim Cook opened the keynote of Apple's annual developers conference by highlighting the 10th anniversary next month of the company's App Store. Cook, Apple's chief executive, said developers have earned more than $100 billion through the App Store since its inception.
+ Apple is expected to focus on software at the developers conference. The company's services ー Music, Pay, and iCloud ー account for about 15 percent of total revenue, up from 10 percent in the fourth quarter last year, as sales of the iPhone are slowing.
+ Watch the keynote [live](https://www.apple.com/apple-events/june-2018/) on Apple's website.
*Check back for updates from the conference, and interviews and live analysis from Cheddar's Hope King ([@lisahopeking on Twitter](https://twitter.com/lisahopeking)) at WWDC 2018.*
Social media platforms walk a fine line when it comes to free speech, especially when posts lead to real-life negative consequences. Texas lawmakers are trying to enforce a law that would prohibit platforms from taking any action when it comes to malicious or violent posts, and they insist it does not violate the First Amendment. But the Supreme Court thinks otherwise, at least for now. Matt Schruers, President of the Computer & Communications Industry Association, joins Closing Bell to discuss what threat the Texas law poses to social platforms, why his organization sued over the law, what it could mean for users, and more.
Fintech company Acrisure recently raised $725 million in a new funding led by a wholly-owned subsidiary of the Abu Dhabi Investment Authority, bringing the company's valuation to $23 billion. Acrisure offers financial solutions including insurance, reinsurance, real estate services, cyber services, and asset management. The company says its financial solutions are powered by the best of human and artificial intelligence. Greg Williams, co-founder, CEO and President of Acrisure, joins Cheddar News' Closing Bell to discuss.
On Today's Biz Breakdown, the oil shortage being compared to the 1970s gas crisis, home prices surged In March, and 56% of tech workers say they would quit if recorded by their employer.
After two subway shootings in two months and the more recent mass shootings in Uvalde, Texas, and Buffalo, New York, Mayor Eric Adams is calling for gun detection scanners to be installed in New York City subways. The tech would be similar to that used in sporting arenas, however, experts note multiple difficulties with such a setup including the need for nearby human operators.
Catching you up on what you need to know on Wednesday, June 1, 2022, House lawmakers hold an emergency hearing on gun control measures in the wake of the Uvalde shooting, the Supreme Court temporarily blocks Texas' law stopping social media moderation, and the James Webb Space Telescope gets a new mission.
On today's Biz Breakdownm, Ford beats Tesla to the first EV truck Deliveries, massive flight cancelations wrap up Memorial Day Weekend, and Apple announces new IOS 16 features one week before the WWDC.
Scientists are hoping that the simplest element in the universe — hydrogen — can be the solution to slowing down climate change. However, it does not come without cost. The process of making hydrogen could potentially add more CO2.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
