Meanwhile, researchers at the US Department of Energy discovered that automation could enhance economic opportunities in the country’s wind turbine industry, and the case against Google led by the US Department of Justice (DOJ) wound down with closing arguments on Friday (May 3).
Stay informed on the latest developments in the tech world with the Investing News Network’s round-up.
Actual earnings beat estimates by a modest amount. The company’s quarterly revenue totaled US$90.8 billion, down by 4 percent year-over-year. Surprisingly, while sales in the Greater China region did drop year-over-year, they came in above expectations at US$16.37 billion. Mac sales also performed strongly, growing by 3.9 percent. However, iPhone sales were down 10 percent in line with expectations, and iPad sales fell by 16 percent.
Ultimately, earnings per share came in at US$1.53, slightly above estimates of US$1.50.
In response to these developments, shares surged 7.8 percent after hours on Thursday and opened at US$186.64 Friday morning, up 8.39 percent from Thursday morning. Apple closed the week at US$183.38.
Unlike US-based spot Bitcoin ETFs, which can only be bought with dollars, Hong Kong’s spot crypto products permit investors to purchase ETFs with crypto and sell them for cash, or buy ETFs with cash and redeem them for cryptocurrency. The in-kind feature of Hong Kong’s spot crypto ETFs gives them a unique two-way investment flexibility.
Another difference is that the Hong Kong Securities and Futures Commission conditionally approved the spot ETFs on April 15, making them available to investors before final approval. US regulators gave their full approval on the same day that trading began.
In a press release, Anthropic indicated that additional features will be rolled out over the next few weeks. The team plan costs US$30 per user per month for a minimum of five team members.
The second update is Anthropic’s release of an iOS app version of Claude free for all users.
In an excellent example of how robotics can be applied to solve real-world problems and improve working conditions for humans, researchers at the US Department of Energy’s National Renewable Energy Laboratory (NREL) are researching the use robots to address challenging working conditions in wind turbine production, specifically with the creation of the blades.
“The finishing process is very labor intensive and has a high job-turnover rate due to the harsh nature of the work,” he said. Post-molding work can be dangerous, requiring workers to wear protective clothing including respiratory gear and scale scaffolding.
Huth also said consistency in manufacturing would improve with automation, and that a robot could sand with tougher abrasives than a human could.
Although the process still has a long way to go to reach perfection — as in some cases the robot ground too much of the blade while in other cases it didn’t grind enough — it’s a promising step forward in the wind turbine production industry.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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