Apple posted fiscal Q4 earnings of $89.5 billion, down one percent year-over-year. CEO Tim Cook put the quarter’s best facts forward: “a September quarter revenue record for iPhone and an all-time revenue record in Services,” and quarterly earnings per diluted share of $1.46, up 13 percent. While net income of just below $23 billion exceeded Wall Street expectations, Q4 capped a fiscal year in which Apple revenue fell 2.8 percent, impacted by a decline in iPhone sales in China. Following the report, shares fell 3 percent in extended trading based on the prospect that the company may not rebound to growth in the important holiday sales season. Read more

Last week, Microsoft announced its 365 Copilot artificial intelligence Office add-on was being made generally available for purchase. Forrester Research projects that by 2024 nearly 7 million U.S. knowledge workers will use the AI assistant, which integrates with Word, Excel and other Office productivity tools and costs $30 per person per month. According to investment bank Piper Sandler’s forecast, 18 percent of eligible users will use Copilot by 2026, translating to more than $10 billion in revenue by 2026. Microsoft appears to be introducing Copilot in a staggered rollout with its largest enterprise customers first in line. Read more

Stability AI is rolling out next-generation enterprise tools for its Stable Diffusion text-to-image generator. Leading the pack is Stable 3D, geared toward game developers and  graphic designers, with results that integrate with popular 3D platforms including Blender, Maya, Unreal Engine and Unity, according to Stability. Now in private preview, Stable 3D enables non-experts to generate “thousands of 3D objects per day” by selecting an image or illustration or writing a text prompt. Another preview app, Stable FineTuning, provides the ability to quickly fine-tune pictures, objects and styles. A third tool, Sky Replacer, is available now. Read more

U.S. Vice President Kamala Harris warned global leaders that the existential threats posed by artificial intelligence are very real and urgently need to be addressed. Harris’ remarks, delivered in a speech at the U.S. Embassy in Britain, summarized the prevailing view of world governments participating in the first global AI Safety Summit. The two-day event kicked off Wednesday with news that 27 nations — including the U.S., European Union member states and China — signed the Bletchley Declaration on AI, committing to voluntary guidelines to work as a group toward responsible and ethical AI. Read more

The UK government plans to invest at least £225 million (about $273 million) in AI supercomputing with the aim of bringing Great Britain into closer parity with AI leaders the U.S. and China. Among the new machines coming online is Dawn, which was built by the University of Cambridge Research Computing Services, Intel and Dell and is being hosted by the Cambridge Open Zettascale Lab. “Dawn Phase 1 represents a huge step forward in AI and simulation capability for the UK, deployed and ready to use now,” said Dr. Paul Calleja, director of Research Computing at Cambridge. Read more