Arka Planet

Associated media - Connected media Though Apple had not unveiled its car to consumers, the product had for many years been one of Silicon Valley’s worst-kept secrets because it was being tested on public roads. The cancellation is a rare move by Apple, which typically doesn’t shelve such public and high-profile projects. The company has struggled in recent years to find new avenues for growth as its all-important iPhone has saturated the market and people are upgrading their phones less frequently than they used to. Tim Cook, Apple’s chief executive, has publicly hinted that Apple was interested in entering the car space. The company had also been testing hundreds of vehicles equipped with autonomous driving technology in public for many years. The car, internally code-named Titan an...

Connected media - Connected media Innovation on wheels Has Apple really crashed the car? The tech giant has killed its electric vehicle project as it pivots to artificial intelligence, prompting many observers to declare the venture a major failure for the company. Here’s a contrarian thought: That critique misses a wider point about how Apple innovates, because the company has used the project to power a whole ecosystem of products and services that have been unmitigated successes. Apple invested billions to build a self-driving car. Reports emerged about the secret effort, code-named Project Titan, in 2014, and the company has never publicly acknowledged its existence. That said, it told staff on Tuesday that many of them would be redeployed. There had been an wider internal debat...

Connected media - Related media News articles: Related news Jacob Rothschild, a wealthy financier, patron of the arts and philanthropist with close ties to Israel, who broke with his family’s fabled banking dynasty at a time of radical change in the world of high finance, has died. He was 87. His death was announced on Monday by the Rothschild Foundation, a British charity of which he was the chairman. It did not specify when or where he died or give the cause of death. Mr. Rothschild — more formally the fourth Baron Rothschild — was descended from Mayer Amschel Rothschild, a coin trader in the Jewish ghetto in Frankfurt, who sent four of his five sons to Vienna, London, Naples and Paris to seek their fortune in the late 18th and early 19th centuries. For most of the 19th century,...

Associated media - Related media Odysseus, the American robotic spacecraft that landed on the moon last week, is likely to die in the next day or so. Communications with the toppled lander remain limited and will end when sunlight is no longer shining on the solar panels, Intuitive Machines, the Houston-based company that built and operates Odysseus, said on Monday morning. The company also released images that the spacecraft took as it descended, but none yet from the surface. Odysseus is the first American spacecraft to land on the moon since Apollo 17 in 1972, and the first private one ever to successfully set down there in one piece. However, during the landing on Thursday evening, the lander, about 14 feet tall, appears to have been traveling faster than planned and ended up tip...

Associated media - Linked media Mr. Biden and the F.T.C. chair, Lina Khan, have greeted similar arguments about the benefits of corporate mergers with intense skepticism. Early in his term, Mr. Biden appointed Ms. Khan, who has steered the agency to its most aggressive antitrust enforcement in decades. The president also stocked a 2021 executive order, meant to promote competition in the economy, with directives for the F.T.C. — including to more stringently scrutinize certain types of mergers. The agency — and the Justice Department, which has also beefed up antitrust efforts — have responded vigorously. The F.T.C. has now taken action against about 40 mergers, including tie-ups of video game heavyweights, hospital chains and pharmaceutical companies. About half of those mergers hav...

Related media - Connected media “We have to focus on having the best stores, not the largest number of stores,” Mr. Spring said on a call with analysts on Tuesday. The company said it would start notifying workers later that day at stores it planned to close. It plans to shutter roughly 50 stores this fiscal year and the rest by the end of 2026. As Macy’s reduces its retail footprint, Bloomingdale’s is expected to open 15 locations. Bluemercury, the company’s beauty chain, will add 30 stores, and remodel others. As of November, there were 58 Bloomingdale’s and 158 Bluemercury locations. “There’s less competition there, but the problem is that it’s not clear that the luxury department store really has a great future,” said David Swartz, a retail analyst at the financial services firm ...