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Apple Seeks Lawsuit Dismissal

Apple has asked a U.S. court to dismiss a proposed shareholder lawsuit alleging misleading statements related to Siri’s artificial intelligence development and compliance with app marketplace rules.

The case claims that Apple overstated the readiness of certain AI features and misrepresented its adherence to a prior legal requirement involving payment options for developers.

Apple argued there is no evidence it knowingly misled investors regarding the timeline for integrating new capabilities into its voice assistant. The company noted that development delays are a common part of advancing complex technologies.

It also stated that its compliance procedures were not presented as flawless guarantees.

The lawsuit relates to stock performance during a period when the company faced broader market pressures and evolving regulatory expectations.

The proceedings continue to reflect the growing scrutiny surrounding technology development claims and platform governance.

Baidu Revenue Falls on Ad Weakness

Baidu reported a decline in quarterly revenue as continued weakness in its advertising segment outweighed gains from its growing cloud and artificial intelligence operations.

The company has expanded investment in AI infrastructure and enterprise-focused services, contributing to stronger performance in its cloud-related offerings. However, advertising—still its primary revenue source—remained under pressure amid softer economic conditions and reduced marketing spending.

Baidu indicated that AI-driven services are becoming an increasingly important part of its business strategy, with enterprise demand rising across sectors.

Despite the revenue dip, the company’s AI-powered divisions accounted for a larger share of overall performance, reflecting ongoing transformation toward technology-led growth.

Leadership reaffirmed commitment to sustained AI investment while also introducing new shareholder-focused initiatives, including plans for a dividend and continued share repurchases.

Grab Targets Profit Growth

Grab plans to use artificial intelligence and expanded digital services to significantly increase profitability by 2028.

The company aims to grow revenue steadily while boosting operational efficiency through its integrated platform. New offerings such as grocery delivery and financial products are expected to support this strategy.

Leadership highlighted the role of AI in optimizing logistics, improving customer engagement, and enhancing service delivery. The company is also exploring automated tools to support drivers and merchants.

Grab has shifted from expansion-focused growth to prioritizing sustainable earnings as competition and operating costs evolve across the region.

The approach reflects broader trends among digital platforms seeking to diversify services and deepen user engagement through data-driven innovation.