Apple Expected to Unveil Next Generation of iPhones as Company Tries to Reverse Recent Sales Slump

A general view of iPhone 14 models in an Apple store at a mall in Beijing, China, 07 September 2023. (EPA)
A general view of iPhone 14 models in an Apple store at a mall in Beijing, China, 07 September 2023. (EPA)
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Apple Expected to Unveil Next Generation of iPhones as Company Tries to Reverse Recent Sales Slump

A general view of iPhone 14 models in an Apple store at a mall in Beijing, China, 07 September 2023. (EPA)
A general view of iPhone 14 models in an Apple store at a mall in Beijing, China, 07 September 2023. (EPA)

Apple is expected to take the wraps off its next iPhone on Tuesday during what has become an annual late summer rite aimed at giving more people more reasons to buy the technology trendsetter’s marquee product.

The showcase at Apple's Cupertino California, headquarters comes as the company is mired in a mild slump that has seen its sales drop from last year in three consecutive quarters — with management signaling another downturn is likely during the current quarter that will be capped with the release of its iPhone 15 lineup. The malaise is a key reason Apple's stock price has dipped by nearly 10% since mid-July, dropping the company's market value below the $3 trillion threshold it reached for the first time earlier this summer.

As has been case with Apple and other smartphone makers, the next model isn't expected to make any major leaps in technology. The array of iPhone 15 choices, likely to range from lower-priced basic models to more expensive premium versions, are expected to consist of mostly incremental advances to the device's chips, battery and cameras.

The basic iPhone 15 models also may be redesigned to include a shape-shifting cutout on the display screen that Apple calls its “Dynamic Island” for app notifications — a look that was introduced with last year's Pro and Pro Max devices.

If the rumor mill pans out, this year's iPhone 15 Pro and Pro Max may feature a periscope-style telephoto lens that will improve the quality of photos taken from far distances. The telephoto lens could boast a 6x optical zoom, which would still lag the 10x optical zoom on Samsung's premium Galaxy S22 Ultra, but would be a significant upgrade from the 3x optical zoom on the iPhone 14 Pro and Pro Max.

The improved camera is one of the reasons Apple is also expected to raise the prices of the Pro and Pro Max. The iPhone 14 Pro starts at $1,000 while the Pro Max starts at $1,100. Analysts think the iPhone 15 versions of those models may cost an additional $100 to $200, testing how much consumers are willing to pay for the devices at a time when post-pandemic inflation has been squeezing more household budgets.

One of the biggest anticipated changes that Apple is expected to announce is a new way to charge the iPhone 15 models and future generations. The company is expected to switch to the USB-C cable standard that is already widely used on many devices, including its Mac computers and many of its iPads.

Apple is being forced to start phasing out the Lightning port cables that it rolled out in 2012 with the release of the iPhone 5 because of a mandate that European regulators are imposing in 2024. It's unclear whether Apple will initially limit the switchover to USB-C ports to models made specifically for the European market or make the change worldwide.

If Apple decides it's time to move away from Lightning port cables throughout the world, the transition may not be too inconvenient for most consumers. That's because USB-C cables already are so widely used on a range of computers, smartphones and other devices that many people may already own them. The shift to USB-C cables may even be a popular move since that standard typically charges devices more quickly and also offers faster speeds for data transfers.

Besides its new iPhones, Apple also typically uses this annual showcase to unveil its next generation of smartwatches — a product that made its debut nearly a decade ago. The arrival of the new iPhones also sets the stage for the next version of the software that powers the device.

That operating system, iOS 17, will be available as a free download to previous generations later this month and will include new features such as the ability to read a transcription of a message being left on an unanswered call in real time with an option of deciding to talk to the person on the line before the voicemail is finished.



India Eyes $200B in Data Center Investments as It Ramps Up Its AI Hub Ambitions

FILE -Google CEO Sundar Pichai, right, interacts with India's Minister for Information and Technology Ashwini Vaishnaw during Google for India 2022 event in New Delhi, Dec. 19, 2022. (AP Photo/Manish Swarup), File)
FILE -Google CEO Sundar Pichai, right, interacts with India's Minister for Information and Technology Ashwini Vaishnaw during Google for India 2022 event in New Delhi, Dec. 19, 2022. (AP Photo/Manish Swarup), File)
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India Eyes $200B in Data Center Investments as It Ramps Up Its AI Hub Ambitions

FILE -Google CEO Sundar Pichai, right, interacts with India's Minister for Information and Technology Ashwini Vaishnaw during Google for India 2022 event in New Delhi, Dec. 19, 2022. (AP Photo/Manish Swarup), File)
FILE -Google CEO Sundar Pichai, right, interacts with India's Minister for Information and Technology Ashwini Vaishnaw during Google for India 2022 event in New Delhi, Dec. 19, 2022. (AP Photo/Manish Swarup), File)

India is hoping to garner as much as $200 billion in investments for data centers over the next few years as it scales up its ambitions to become a hub for artificial intelligence, the country’s minister for electronics and information technology said Tuesday.

The investments underscore the reliance of tech titans on India as a key technology and talent base in the global race for AI dominance. For New Delhi, they bring in high-value infrastructure and foreign capital at a scale that can accelerate its digital transformation ambitions.

The push comes as governments worldwide race to harness AI's economic potential while grappling with job disruption, regulation and the growing concentration of computing power in a few rich countries and companies.

“Today, India is being seen as a trusted AI partner to the Global South nations seeking open, affordable and development-focused solutions,” Ashwini Vaishnaw told The Associated Press in an email interview, as New Delhi hosts a major AI Impact Summit this week drawing participation from at least 20 global leaders and a who’s who of the tech industry.

In October, Google announced a $15 billion investment plan in India over the next five years to establish its first artificial intelligence hub in the South Asian country. Microsoft followed two months later with its biggest-ever Asia investment announcement of $17.5 billion to advance India’s cloud and artificial intelligence infrastructure over the next four years.

Amazon too has committed $35 billion investment in India by 2030 to expand its business, specifically targeting AI-driven digitization. The cumulative investments are part of $200 billion in investments that are in the pipeline and New Delhi hopes would flow in.

Vaishnaw said India’s pitch is that artificial intelligence must deliver measurable impacts at scale rather than remain an elite technology.

“A trusted AI ecosystem will attract investment and accelerate adoption,” he said, adding that a central pillar of India’s strategy to capitalize on the use of AI is building infrastructure.

The government recently announced a long-term tax holiday for data centers as it hopes to provide policy certainty and attract global capital.

Vaishnaw said the government has already operationalized a shared computing facility with more than 38,000 graphics processing units, or GPUs, allowing startups, researchers and public institutions to access high-end computing without heavy upfront costs.

“AI must not become exclusive. It must remain widely accessible,” he said.

Alongside the infrastructure drive, India is backing the development of sovereign foundational AI models trained on Indian languages and local contexts. Some of these models meet global benchmarks and in certain tasks rival widely used large language models, Vaishnaw said.

India is also seeking a larger role in shaping how AI is built and deployed globally as the country doesn’t see itself strictly as a “rule maker or rule taker,” according to Vaishnaw, but an active participant in setting practical, workable norms while expanding its AI services footprint worldwide.

“India will become a major provider of AI services in the near future,” he said, describing a strategy that is “self-reliant yet globally integrated” across applications, models, chips, infrastructure and energy.

Investor confidence is another focus area for New Delhi as global tech funding becomes more cautious.

Vaishnaw said the technology’s push is backed by execution, pointing to the Indian government's AI Mission program which emphasizes sector specific solutions through public-private partnerships.

The government is also betting on reskilling its workforce as global concerns grow that AI could disrupt white collar and technology jobs. New Delhi is scaling AI education across universities, skilling programs and online platforms to build a large AI-ready talent pool, the minister said.

Widespread 5G connectivity across the country and a young, tech-savvy population are expected to help with the adoption of AI at a faster pace, he added.

Balancing innovation with safeguards remains a challenge though, as AI expands into sensitive sectors such as governance, health care and finance.

Vaishnaw outlined a fourfold strategy that includes implementable global frameworks, trusted AI infrastructure, regulation of harmful misinformation and stronger human and technical capacity to hedge the impact.

“The future of AI should be inclusive, distributed and development-focused,” he said.


Report: SpaceX Competing to Produce Autonomous Drone Tech for Pentagon 

The SpaceX logo is seen in this illustration taken, March 10, 2025. (Reuters)
The SpaceX logo is seen in this illustration taken, March 10, 2025. (Reuters)
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Report: SpaceX Competing to Produce Autonomous Drone Tech for Pentagon 

The SpaceX logo is seen in this illustration taken, March 10, 2025. (Reuters)
The SpaceX logo is seen in this illustration taken, March 10, 2025. (Reuters)

Elon Musk's SpaceX and its wholly-owned subsidiary xAI are competing in a secret new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, Bloomberg News reported on Monday, citing people familiar with the matter.

SpaceX, xAI and the Pentagon's defense innovation unit did not immediately respond to requests for comment. Reuters could not independently verify the report.

Texas-based SpaceX recently acquired xAI in a deal that combined Musk's major space and defense contractor with the billionaire entrepreneur's artificial intelligence startup. It occurred ahead of SpaceX's planned initial public offering this year.

Musk's companies are reportedly among a select few chosen to participate in the $100 million prize challenge initiated in January, according to the Bloomberg report.

The six-month competition aims to produce advanced swarming technology that can translate voice commands into digital instructions and run multiple drones, the report said.

Musk was among a group of AI and robotics researchers who wrote an open letter in 2015 that advocated a global ban on “offensive autonomous weapons,” arguing against making “new tools for killing people.”

The US also has been seeking safe and cost-effective ways to neutralize drones, particularly around airports and large sporting events - a concern that has become more urgent ahead of the FIFA World Cup and America250 anniversary celebrations this summer.

The US military, along with its allies, is now racing to deploy the so-called “loyal wingman” drones, an AI-powered aircraft designed to integrate with manned aircraft and anti-drone systems to neutralize enemy drones.

In June 2025, US President Donald Trump issued the Executive Order (EO) “Unleashing American Drone Dominance” which accelerated the development and commercialization of drone and AI technologies.


SVC Develops AI Intelligence Platform to Strengthen Private Capital Ecosystem

The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights- SPA
The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights- SPA
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SVC Develops AI Intelligence Platform to Strengthen Private Capital Ecosystem

The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights- SPA
The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights- SPA

Saudi Venture Capital Company (SVC) announced the launch of its proprietary intelligence platform, Aian, developed in-house using Saudi national expertise to enhance its institutional role in developing the Kingdom’s private capital ecosystem and supporting its mandate as a market maker guided by data-driven growth principles.

According to a press release issued by the SVC today, Aian is a custom-built AI-powered market intelligence capability that transforms SVC’s accumulated institutional expertise and detailed private market data into structured, actionable insights on market dynamics, sector evolution, and capital formation. The platform converts institutional memory into compounding intelligence, enabling decisions that integrate both current market signals and long-term historical trends, SPA reported.

Deputy CEO and Chief Investment Officer Nora Alsarhan stated that as Saudi Arabia’s private capital market expands, clarity, transparency, and data integrity become as critical as capital itself. She noted that Aian represents a new layer of national market infrastructure, strengthening institutional confidence, enabling evidence-based decision-making, and supporting sustainable growth.

By transforming data into actionable intelligence, she said, the platform reinforces the Kingdom’s position as a leading regional private capital hub under Vision 2030.

She added that market making extends beyond capital deployment to shaping the conditions under which capital flows efficiently, emphasizing that the next phase of market development will be driven by intelligence and analytical insight alongside investment.

Through Aian, SVC is building the knowledge backbone of Saudi Arabia’s private capital ecosystem, enabling clearer visibility, greater precision in decision-making, and capital formation guided by insight rather than assumption.

Chief Strategy Officer Athary Almubarak said that in private capital markets, access to reliable insight increasingly represents the primary constraint, particularly in emerging and fast-scaling markets where disclosures vary and institutional knowledge is fragmented.

She explained that for development-focused investment institutions, inconsistent data presents a structural challenge that directly impacts capital allocation efficiency and the ability to crowd in private investment at scale.

She noted that SVC was established to address such market frictions and that, as a government-backed investor with an explicit market-making mandate, its role extends beyond financing to building the enabling environment in which private capital can grow sustainably.

By integrating SVC’s proprietary portfolio data with selected external market sources, Aian enables continuous consolidation and validation of market activity, producing a dynamic representation of capital deployment over time rather than relying solely on static reporting.

The platform offers customizable analytical dashboards that deliver frequent updates and predictive insights, enabling SVC to identify priority market gaps, recalibrate capital allocation, design targeted ecosystem interventions, and anchor policy dialogue in evidence.

The release added that Aian also features predictive analytics capabilities that anticipate upcoming funding activity, including projected investment rounds and estimated ticket sizes. In addition, it incorporates institutional benchmarking tools that enable structured comparisons across peers, sectors, and interventions, supporting more precise, data-driven ecosystem development.