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Apple announces major shift in AI strategy with new on-device processing capabilities. The company revealed that future iPhones will handle complex AI tasks locally, reducing reliance on cloud computing.

This move comes as privacy concerns grow around data being sent to external servers. Apple's new Neural Engine will be 40% faster than previous generations, enabling real-time language translation and advanced photo editing without internet connectivity.

Industry experts predict this could force competitors like Google and Samsung to accelerate their own on-device AI development. The announcement sent Apple stock up 3.2% in after-hours trading.

The implications extend beyond smartphones - this technology could revolutionize how we think about AI privacy and processing power in consumer devices.

Sources

New study reveals that renewable energy installations broke all previous records in 2024, with solar and wind accounting for 73% of new power capacity globally.

The International Energy Agency reports that costs for solar panels dropped another 15% this year, making renewable energy the cheapest option in most markets worldwide.

China led installations with 45% of global capacity, followed by the United States and India. Europe saw a 28% increase despite economic headwinds and supply chain challenges.

This acceleration puts the world on track to potentially meet 2030 climate targets, though experts caution that storage and grid infrastructure remain significant challenges.

Sources

Federal Reserve signals potential interest rate cuts as inflation shows sustained decline for the fourth consecutive month. Core inflation dropped to 2.1%, the lowest level since early 2021.

Fed Chair Jerome Powell indicated that the central bank is 'carefully monitoring' economic indicators and remains committed to achieving the 2% inflation target without triggering a recession.

Markets responded positively with the Dow Jones gaining 1.8% and the S&P 500 reaching new highs. Bond yields fell as investors anticipate easier monetary policy ahead.

Economists are divided on timing, with some predicting rate cuts as early as next quarter while others suggest the Fed will maintain current rates through the first half of next year.

Sources