Enterprise

Apple is now worth $2 trillion

The first American company to do so

Published

on

Apple hit a market cap of US$ 2 trillion today after doubling in valuation in just over two years. The iPhone maker is the first American company to reach that milestone.

The most surprising part is, most of the momentum came in just a few months ago. Markets crashed globally in March due to the Coronavirus pandemic, but recovery has been extremely quick and the US’ NASDAQ 100 index is already hovering around an all-time high.

While a plethora of industries have taken a radical hit due to the pandemic, technology companies are leading the bullish wave. On July 31, Apple surpassed oil giant Saudi Aramco to become the world’s most valuable publicly-traded company.

Apple was an almost bankrupt company in 1997. In the last two decades, the company has grown rapidly thanks to cutting-edge innovation. The Cupertino giant went on to revolutionize the music industry with iPod and iTunes.

The portable music player became a cultural icon, making way for the iPhone. Apple’s iPhone is often credited for single-handedly dethroning leaders like BlackBerry and Nokia. Further evolving its lineup, the company went on to make the Apple Watch.

Today, it controls an ecosystem comprising of the iPhone, iPad, Apple Watch, Mac, and more. While the company continues to rely on hardware sales as its primary revenue source, services like Apple Music and Apple Arcade have received positive feedback. This opens another door of secondary revenues for the company.

However, the timing of the milestone is intriguing because the company is being investigated for having too much control. Antitrust hearings are ongoing and many in the Senate want to split up big tech companies. However, Apple isn’t the only one who’s valuation is consistently rising amid the pandemic. The stock of Microsoft, Facebook, and Google has also witnessed a wave of bullish investments.

Enterprise

AgiBot robots can now learn skills on the factory floor

Robotics company deploys real-world reinforcement learning system

Published

on

Robotics company AgiBot has successfully deployed its Real-World Reinforcement Learning (RW-RL) system on a pilot production line with Longcheer Technology.

The company specializes in embodied intelligence, and the project marks the first application of RW-RL in real industrial robotics.

It connects advanced AI innovation with large-scale production, signaling a new phase in the evolution of intelligent automation for precision manufacturing.

Precision manufacturing lines have long relied on rigid automation systems that demand complex fixture design, extensive tuning, and costly reconfiguration.

Where AgiBot’s RW-RL system comes in is addressing such pain points. It enables robots to learn and adapt directly on the factory floor.

Within just minutes, robots can acquire new skills, achieve stable deployment, and maintain long-term performance without degradation.

The system also autonomously compensates for common variations, such as part position and tolerance shifts

Meanwhile, during line changes or model transitions, only minimal adjustments and standardized deployment steps are required. This dramatically improves flexibility while cutting time and cost.

Moreover, AgiBot’s system allows for flexible reconfiguration. Task or product changes can be accommodated through fast retraining; such solution exhibits generality across workplace layouts and production lines.

This milestone signifies a deep integration between perception-decision intelligence and motion control. And it represents a critical step forward unifying algorithmic intelligence and physical execution.

Unlike many laboratory demonstrations, AgiBot’s system also achieved validation under near-production conditions. It has completed a full loop from cutting-edge research to industrial-grade verification.

Moving forward, AgiBot and Longcheer plan to extend real-world reinforcement learning to a broader range of scenarios. These include consumer electronics and automotive components, with focus on developing modular and rapidly deployable robot solutions.

Continue Reading

Enterprise

Netflix might acquire HBO Max

Specifically, they might buy Warner Bros. Discovery.

Published

on

Once again, Warner Bros. Discovery is up for sale. Right now, the entertainment giant does not have a new owner yet. But, of course, there is a growing list of potential suitors. One of which has seemingly made its presence known. Netflix is reportedly considering a bid on its streaming rival.

In 2022, the then-named WarnerMedia, owned by AT&T, completed a blockbuster merger with Discovery. The new Warner Bros. Discovery brought the entire Warner library, HBO, Discovery, and Cartoon Network under a single umbrella. The resulting streaming service, dubbed HBO Max, now has enough content to rival Netflix and Disney+.

Recently, Warner Bros. Discovery put itself up for sale. Almost immediately, competitors have expressed interest in buying the library, including Amazon, Apple, and Netflix.

Over the weekend, Netflix has hired Moelis & Co, an investment bank, to evaluate a potential offer for the company, as reported by Reuters. Though it’s not an official bid yet, it’s a big show of interest from the other streaming giant.

According to Netflix CEO Ted Sarandos, the company will evaluate what value the entire library can offer Netflix. However, Sarandos isn’t interested in acquiring the legacy cable networks currently under the Warner umbrella, such as CNN and TNT.

SEE ALSO: Max is rebranding once again to HBO Max

Continue Reading

Enterprise

US caught dumping ‘millions of tons’ of e-waste into Southeast Asia

This includes Indonesia, Malaysia, Thailand, and the Philippines.

Published

on

Where do all old devices go after we’re done using them? If you’ve ever been in a place with a good recycling system, then you’ve probably seen bins for e-waste. Then again, you can go further down the chain and ask where these bins go. If you’re an American, a new report has an answer for you: Southeast Asia.

A Seattle-based organization called the Basel Action Network (or BAN, for short) conducted a two-year investigation on e-waste produced by the United States. The investigation revealed that at least ten American companies are shipping millions of tons of waste to several countries in Southeast Asia and the United Arab Emirates. These Asian countries include Indonesia, Malaysia, Thailand, and the Philippines.

According to ABC News, a few of the ten companies implicated have refuted that the imports are well within environmental standards and do not include harmful chemicals. Notably, these importers don’t handle the recycling themselves. Though their own processes might be legally allowed, the imports might still enable environmental hazards.

Regardless, the importing of e-waste is banned under an international treaty called the Basel Convention. The treaty covers hazardous waste shipped to other countries. The United States, however, have not ratified the treaty, so they’re not covered by the rules from a legal standpoint.

The shipping of waste has been a constant problem for Southeast Asia for a long time. However, e-waste carries more risk because of the harmful chemicals involved. The waste itself, for example, carries cadmium, lead, or mercury; all of which are harmful for humans. Further, the recycling process can involve harmful working conditions without appropriate protective gear. Some just burn the waste, leading to toxic fumes.

According to the report, Asia already produces almost half of the world’s e-waste. With America — a huge contributor of e-waste by itself — dumping e-waste all over Southeast Asia, the region is turning into a dumping ground for toxic garbage.

Continue Reading

Trending