Apple sales surge 16% on ‘staggering’ iPhone demand. Software stocks enter bear market.

Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis. The company reported $42.1 billion in net income, or $2.84 per share, versus $36.33 billion, or $2.40 per share, in the year-ago period. Apple saw particularly strong results in China, including Taiwan …

READ MORE

Firefox promises ‘kill switch’ that turns off all AI features. ‘I have never seen a company so astoundingly out of touch with the people who want to use its software.’

People are finally hitting the brakes on this AI takeover because enough is enough. The backlash against AI invading almost every aspect of the computing experience is growing by the day. Particularly as an onslaught of lazy AI slop subsuming …

READ MORE

84% of software developers are now using AI, but nearly half ‘don’t trust’ the technology over accuracy concerns

https://www.itpro.com/software/development/developers-arent-quite-ready-to-place-their-trust-in-ai-nearly-half-say-they-dont-trust-the-accuracy-of-outputs-and-end-up-wasting-time-debugging-code Software developers are using AI at record levels, new research shows, but they’re hesitant to place too much faith in the technology. Findings from Stack Overflow’s annual Developer Survey show the use of technology in the software industry has surged over …

READ MORE

A single software glitch has shut down a national fleet

United Airlines grounded its entire U.S. fleet Wednesday. System-wide failure. Weight and balance software collapsed. No warning. No fallback. No workaround. Flights already airborne kept moving. Everything else froze. Chicago. Newark. Houston. Denver. All dark. https://abcnews.go.com/US/united-airlines-grounds-flights-nationwide-technology-issue/story?id=124433330 Passengers stuck on tarmacs. …

READ MORE

TurboTax’s parent company Intuit uses predatory business practices to prevent you from using cheaper tax prep software. Consider using cheaper, better, reputable alternatives this tax season.

from Reddit: Why YSK: TurboTax has been scamming the American public for years, including me. They overcharge for basic tax filing services and pressure users to pay when they don’t need to. They utilize dark patterns in their software and …

READ MORE

Bloomberg US Pure Momentum Portfolio plunged today, marking a stunning and sudden momentum collapse. The AI software & crypto stock momentum is wearing off.

The Bloomberg US Pure Momentum Portfolio is a financial index designed to track the performance of stocks that exhibit strong momentum characteristics. Momentum investing involves selecting securities that have performed well in the recent past, under the assumption that they …

READ MORE

Was the FBI using a software tool to spy on you during election season? Seems like it.

Was the FBI using a software tool to spy on you during election season? Seems like it. pic.twitter.com/C0eo4A9mti — House Judiciary GOP 🇺🇸🇺🇸🇺🇸 (@JudiciaryGOP) November 12, 2024 https://judiciary.house.gov/sites/evo-subsites/republicans-judiciary.house.gov/files/evo-media-document/2024-11-12%20JDJ%20to%20FBI%20re%20social%20media%20tracking%20tool.pdf