Hefty electric vehicle costs dent Ford profits
Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle (EV) expenses weighed on results. The major US automaker reported third-quarter profits of $892 million, down 26 percent from the year-ago level, on revenues of $46.2 billion, up 5.5 percent. The results were the latest in which Ford has […]
Apple rolls out AI features across devices
Apple on Monday rolled out its first set of artificial intelligence features, dubbed “Apple Intelligence,” across its premium iPhone, iPad, and Mac devices, marking the tech giant’s major push into generative AI. The release, first previewed by the company in June, marks Apple’s foray into an AI race that has seen the US tech giants […]