The Fed unlocks trillions as Apple makes a $4.2B bet on physical AI
Curious Professional by Curious Professional/askcuriousprofessional@gmail.com
Episode notes
The era of restrictive monetary policy is officially over, giving multinational businesses the green light to deploy trillions in sidelined capital. Meanwhile, Apple is moving artificial intelligence out of your phone and into your living room, acquiring Kinetic AI to bridge a critical gap in its hardware ecosystem following the death of its electric vehicle project.
• Fed Chair Jerome Powell pivots away from fighting inflation, signaling steady rate cuts and shifting focus to the US labor market.
• Apple acquires robotics startup Kinetic AI for $4.2 billion in an all-cash deal to develop a moving smart home command center.
• Nvidia drives a massive Wall Street rally with $96 billion in revenue, pushing the Nasdaq up 2.4%.
• Gold hits a new all-time high of $2,650 an ounce as a weaker dollar and dovish Fed boost the precious metal's appeal.
• A UK- ...
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