The Daily Upside

Apple Adds AI Patent as it Preps for AI-powered iPhones

Photo via U.S. Patent and Trademark Office

“Generative AI could fuel the next big Apple iPhone refresh cycle.”

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Cocoa Prices Are On a Wild Ride

Photo by Federico Respini via Unsplash

Cocoa prices plunged almost 30% in the past week after a rally that pushed prices nearly 80% higher to start the year.

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JPMorgan Chase Patents Take On Unconscious Bias Using AI

Photo via U.S. Patent and Trademark Office

JPMorgan Chase is tackling human biases with two recent patents.

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Warren Buffett Doesn’t See Much Reason to Deplete Huge Cash Pile

(Photo Credit: Serba Sembilan/Flickr)

Berkshire Hathaway’s legendary investor admitted that he doesn’t have any idea how to put $189 billion of cash to effective use.

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Ford Patent Signals Privacy Problems with Connected Vehicles

Photo via U.S. Patent and Trademark Office

As vehicles become more connected and autonomous, they also collect a lot more data.

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Shell Sold Millions of ‘Phantom’ Carbon Credits

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Oil industry titan Shell has sold millions of carbon credits linked to CO2 removal that never actually occurred, the Financial Times found.

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Japan Looks to Leave its Lost Decades Behind

Photo illustration by Connor Lin / The Daily Upside

After years of chronic stagnation, prices are rising again, with inflation exceeding the Bank of Japan’s 2% target for two years running.

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US Cattle Prices Take a Hit as Bird Flu Spooks Traders

Photo by Etienne Girardet via Unsplash

Futures prices had surged to record highs in recent months because of droughts contributing to the country’s smallest herd since the 1950s.

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UBS Mulls a Massive Cost-Cutting

Photo by Claudio Schwarz via Unsplash

The slow integration of Credit Suisse has only exacerbated existing problems with UBS’s asset management unit.

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Universal Music Squashes its Beef with TikTok

Photo by Lars Crommelinck via CC BY 2.0

The new deal enmeshes UMG’s music into TikTok’s burgeoning e-commerce business while also battling AI-generated songs.

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Microsoft’s Model Screener Could Create More Responsible AI Tools

Photo via U.S. Patent and Trademark Office

Microsoft may want its language models to prove their worth.

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Cable Dispute Blacks Out MLB Games in 15 US Markets

Photo by Andy Witchger via CC BY 2.0

As the latest MLB season kicks into full gear, fans in 15 markets across the US can’t watch local game broadcasts.

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Goldman Sachs Files Blockchain Patent Despite Crypto Disinterest

Photo via U.S. Patent and Trademark Office

Goldman Sachs may want to use blockchain for anything but crypto.

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Starlink is Poised to Move into Yemen

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Elon Musk’s Starlink is set to receive official approval to enter Yemen, where a civil war has been raging since 2014, Bloomberg reports.

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Disney Generative AI Patent Taps Into Users’ Memories

Photo via U.S. Patent and Trademark Office

Disney wants to use AI to help you recall fond memories.

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Fed Keeps Interest Rates Steady Amid Solid Job Growth

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”

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McDonald’s May Have to Tap Out on Raising Prices

Photo by Lucas van Oort via Unsplash

First-quarter revenue rose, but global same-store sales grew just 1.9%, slightly below what Wall Street had predicted.

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Climate Change Insurance Startup Arbol Raises $60 Million

Photo by John Middelkoop via Unsplash

The new fundraising comes just a month after Arbol spun up a subsidiary catering to homeowners in US coastal communities

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FTC Challenges Hundreds of Pharma Patents

Photo by Chemist4U via CC BY-SA 2.0

The regulator sees some patents as ploys to keep companies from developing cheaper generic versions of 20 different brand-name drugs.

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Paramount Ousts CEO Amid Sale Effort

Photo via Hannah Wernecke

As Paramount Global very publicly pursues a sale, longtime executive Bob Bakish has found himself increasingly on the outs.

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Advisor Upside

Financial advisor news, market insights, and practice management essentials.

Walmart Patent Signals AI Transformation for Bricks-and-Mortar Retail

Photo via U.S. Patent and Trademark Office

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Why AI Augmentation Tech Is More Than a ‘Cost-Cutting Tool’

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Why Access Controls May Be AI’s Biggest Security Vulnerability

Photo via Pavlo Gonchar

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