The ChatGPT mobile app is reportedly earning more than six times as much revenue as it did last year. The artificial intelligence (AI) chatbot app for iOS and Android devices has made $1.35 billion this year, through July, up from the $174 million it made during the same seven-month period in 2024, TechCrunch reported Friday (Aug. 15), citing data from Appfigures. The second-ranked app…
Elon Musk is threatening to sue Apple over the way it ranks AI firms in its App Store. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation,” the billionaire wrote on his X social media…
Luxury conglomerate LVMH is reportedly looking to sell fashion brand Marc Jacobs for about $1 billion. LVMH is discussing deals with multiple parties and could reach a deal soon, the Wall Street Journal (WSJ) reported Friday (July 25), citing unnamed sources. LVMH did not immediately reply to PYMNTS’ request for comment. According to the WSJ report, the company is known…
U.S. consumers who make purchases through Klarna can later list eligible items on fashion resale marketplace Poshmark with a few taps. When they tap on past purchases in the Klarna app, listings on Poshmark will be automatically prefilled with product details and images, enabling consumers to list the items in seconds and earn cash for…
The European Commission is reportedly likely to accept Apple’s changes to its App Store rules and fees, eliminating the threat of daily fines from the antitrust regulator. The timing of an announcement of official approval of the changes is uncertain, but could come within weeks, Reuters reported Tuesday (July 22), citing unnamed sources. Asked about…
Mobile cybersecurity company Lookout is reportedly warning travelers to China that their mobile phones could be seized and their data could be extracted from those devices by the country’s authorities. Chinese authorities are using new malware that enables them to extract data from devices to which they have physical access, TechCrunch reported Wednesday (July 16),…
Apple has appealed what it calls an “unlawful” $580 million fine from the European Union. “We believe the European Commission’s decision — and their unprecedented fine — go far beyond what the law requires,” the tech giant said in a statement on Monday, per a report by Bloomberg News. “As our appeal will show, the EC is mandating…
TikTok is reportedly creating a new version of its American app before a planned sale. The popular video platform has come up with plans to introduce the new TikTok app, code-named “M2,” on Sept. 5, The Information reported Sunday (July 6), citing two sources with knowledge of the matter. “M” is the app’s internal name,…
Prices on Chinese-made goods selling on Amazon have reportedly been increasing faster than overall inflation. That’s according to a report Monday (June 30) by Reuters, citing an analysis of 1,400 different products by analytics firm DataWeave. The analysis found that price increases for those goods sped up starting in May, a sign that U.S. tariffs are starting to filter through to consumers….
China-based Ant Group has reportedly unveiled a new, AI-powered health app for smartphones. As CNBC reported Thursday (June 26), the app was made using artificial intelligence (AI) technology that Ant said could be introduced overseas, marking the latest example of how Chinese AI is being used for consumer applications. According to the report, Ant —…