Visa and Tencent are launching a palm-based authentication system in Singapore, allowing customers to make payments by placing their palm over a reader. Apple's future growth is predicted to come from new product categories that support its existing services, such as the App Store, Apple Music, and Apple TV+. Finally, Amazon is reconfiguring its physical stores, an AI robot's painting sold for $1.1 million, and a new Apple update forces idle phone reboots to keep law enforcement at bay.
Key takeaways:
- The US has asked Taiwan's TSMC to stop sending advanced chips to Chinese customers, imposing export restrictions on certain advanced chip designs used in larger AI chips.
- Swiggy's $1.4 billion initial public offering is reportedly way oversubscribed, promising to be India’s second-largest this year behind Hyundai Motor India.
- Chegg, an edtech pioneer, is facing a significant decline in share price and subscriber count due to competition from AI-powered tool, ChatGPT.
- Visa and China’s Tencent are partnering to launch a new biometric service in Singapore that uses palm-based authentication for payments at retail stores and restaurants.