ChatGPT Comin To iPhone: 'Apple Intelligence' 📱

Good morning. It's Tuesday, Jun. 11, and we're covering Raspberry Pi Plans To Raise $211 Million In London Tech IPO, ChatGPT Comes To iPhone: 'Apple Intelligence' Unveiled, UN Security Council Support US Israel-Gaza Ceasefire Plan, and much more. First time reading? Sign up to get this newsletter: Sign up here.

We always Listen and respond to questions and feedback, email us at [email protected]

MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.46 Trillion, a 2.65% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $85.06B, which makes a 66.05% increase.

• The total volume in Defi is currently $7.06B, 8.29% of the total crypto market 24-hours.

• The volume of all stablecoins is now $82.68B, which is 97.21% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 54.26%, a decrease of 0.09% over the day.

BUSINESS & FINANCE

Raspberry Pi Plans To Raise $211 Million In London Tech IPO

British computing startup Raspberry Pi is poised to raise £166 million ($211.2 million) in its initial public offering on the London Stock Exchange. Priced at 280 pence per share, the IPO values the company at approximately £541.6 million. While London's tech listings have struggled, Raspberry Pi's IPO offers hope for the exchange. The company, known for its tiny single-board computers, has garnered support from industry giants like Arm and Sony.

Takeaway: Founded in 2012 with a mission to democratize computing, Raspberry Pi targets both hobbyists and industrial markets, with significant revenue growth in recent years, reaching $265.8 million in 2023, a 41% increase from 2022. The IPO's success reflects investor interest in Raspberry Pi's business model and growth prospects, as evidenced by the substantial funds raised. ( Read Deeper )

Ripple Launches Japan And Korea Fund To Drive Blockchain Innovation

Ripple's launch of the Japan and Korea fund highlights the growing importance of Asia-Pacific in driving blockchain innovation. With a focus on supporting corporate partnerships, developer grants, startup investments, and community growth, Ripple aims to foster further adoption of blockchain technology in these key markets. The fund is part of Ripple's broader commitment to the XRP Ledger, emphasizing its belief in the potential of XRP as a digital asset for facilitating real-time, cross-border payments.

Why it matters: Ripple's expansion in Asia-Pacific comes amidst what CEO Brad Garlinghouse describes as a "hostile regulatory environment" for the crypto industry in the U.S. This move indicates Ripple's strategic shift towards regions with more favorable regulatory landscapes to advance its blockchain solutions. ( Read Deeper )

TECHNOLOGY & SCIENCE

ChatGPT Comes To iPhone: 'Apple Intelligence' Unveiled

Apple's 2024 Worldwide Developers Conference (WWDC) showcased the integration of AI across its platforms, including a revamped Siri with ChatGPT capabilities. Dubbed "Apple Intelligence," the new AI features aim to enhance user interaction while prioritizing privacy. Despite these advancements, the presentation failed to impress investors, causing a nearly 2% drop in Apple shares. The event highlighted Apple's strategic focus on user-centric AI applications, contrasting with rivals Microsoft and Google's enterprise-first approach. The AI features will be available on the latest iPhones and through a blend of on-device processing and cloud computing to maintain privacy.

Takeaway: Apple's integration of ChatGPT and the unveiling of "Apple Intelligence" mark significant steps in its AI strategy, By emphasizing privacy features such as user consent before querying OpenAI's service, Apple aims to differentiate itself from competitors like Google and Microsoft. This focus on privacy aligns with Apple's brand identity and may appeal to users concerned about data security. ( Read Deeper )

Elon Musk Threatens To Ban Apple Devices Over ChatGPT Integrations

Elon Musk has threatened to ban Apple devices from his companies, including Tesla, SpaceX, and xAI, due to Apple's newly announced integrations with OpenAI's ChatGPT. At WWDC 2024, Apple revealed that in iOS 18, Siri could request assistance from ChatGPT with user permission, allowing seamless answers without opening the ChatGPT app. Musk criticized this integration, fearing privacy risks and misunderstanding that OpenAI would deeply integrate into Apple's OS. He insisted that OpenAI’s capabilities should remain confined to a dedicated app and expressed concerns over user privacy and data security. Apple and OpenAI assured that user consent would be required before sharing any data and that no data would be logged without permission.

Why it matters: Elon Musk's threat to ban Apple devices from his companies over integrating OpenAI's ChatGPT raises significant concerns about user privacy and corporate control over technology use. Musk's strong stance could influence public perception and corporate policies regarding AI integrations and data privacy. ( Read Deeper )

AROUND DE WORLD & POLITICS

UN Security Council Support US Israel-Gaza Ceasefire Plan

The United Nations Security Council has voted to support a US-proposed Israel-Gaza ceasefire plan, with 14 of the 15 members in favor and Russia abstaining. The plan, presented by President Joe Biden, outlines conditions for a "complete ceasefire," including the release of hostages, return of remains, and exchange of prisoners. While Israel has accepted the proposal, pressure mounts on Hamas to do the same.

Why it matters: The resolution aims to end the conflict and initiate a major reconstruction plan for Gaza. Despite concerns and abstentions from Russia and China, the resolution reflects international efforts to bring about peace in the region. ( Read Deeper )

A Plane Carrying Malawi Vice President IS Missing

A plane carrying Malawi's Vice President Saulos Chilima and nine others has gone missing after it failed to land as scheduled. Departing from the capital Lilongwe, the Malawi Defense Force Aircraft was headed to Mzuzu International Airport but did not arrive and is no longer detectable by radar. Efforts to make contact with the aircraft have failed, prompting President Lazarus McCarthy Chakwera to cancel his scheduled departure and order a search and rescue operation.

Takeaway: The absence of concrete information adds to the sense of apprehension, leaving authorities and the public alike anxiously awaiting any updates. As efforts to locate the missing plane intensify, the hope remains that it will be swiftly located and that all passengers and crew will be found safe and well. ( Read Deeper )

ENTERTAINMENT & SPORTS

African (CAF) 2026 World Cup Qualifying Schedule

The African (CAF) 2026 World Cup qualifying campaign promises intense competition as 53 nations vie for a spot in the North American-based tournament. With a record nine teams set to qualify, and the possibility of 10, the stakes are high in this tightly contested battle. Key matchups include clashes between Mali and Ghana, Nigeria and South Africa, as well as Senegal and DR Congo, with only one guaranteed spot available in each group. ( Read Deeper )

Bad Boys: Ride Or Die

Bad Boys: Ride or Die seems to have made quite the impact at the box office, with Will Smith and Martin Lawrence reprising their iconic roles to great success. It's impressive how they've maintained the franchise's popularity over the years, especially considering the challenges faced by the film industry. ( Read Deeper )

PODCAST(WHAT WE ARE LISTENING TO)

• Have you ever wondered what the hardest part of becoming an entrepreneur is? ( Listen )

EXTRA BREVITI

• Investors Underwhelmed as Apple's AI Strategy Falls Short of Expectations. ( Read More )

• Nexus Laboratories Secures $25 Million Funding from Pantera and Lightspeed to Expand 'Zero-Knowledge' Privacy Tools. ( Read More )