The Daily Upside

Big Tech

How Amazon Web Services Became King of the Cloud

Photo via Connor Lin / The Daily Upside

Amazon is crushing in the cloud services industry. Usurping it would necessitate a monumental shift in the tech industry writ large.

5 min read

Today’s Upside

Recent News

Consumer

Honor Jumps into the Flip Phone Game to Top the Likes of Samsung and Apple

Photo by Raysonho via CC0 1.0

With top Chinese phone maker Honor releasing its first vertical flip phone this week, is the foldables market making a comeback?

2 min read
Regulation

Oil and Corn Companies Team Up to Challenge EPA

Photo by Ms Uppy via Unsplash

Dozens of oil and plant-based fuel companies are joining forces to mount a legal war against the EPA’s new emissions standards.

2 min read
Big Tech

Amazon Strikes Big South America Telcom Deal for its Satellite Business

Photo by Fran Werner via Pexels

On Thursday, Amazon’s Project Kuiper announced a deal with South American telecom company Vrio to provide internet to seven countries.

2 min read
FA Upside

Fidelity Wins Latest Battle in ETF Fee War

Photo by ARRC Photography via CC BY-SA 2.0

Fidelity is making good on a promise to impose a new fee for companies looking to feature ETFs on its platform. Issuers are not impressed.

2 min read
FA Upside

SEC Takes Aim at ‘AI washing’

Image Credit: iStock, krblokhin

New SEC lawsuits are aiming to address the dangers that AI may pose to investors.

3 min read
Patent Drop

Amazon AI Alexa Patents Highlight Data Collection Domino Effect

Photo of Amazon's multi-session context patent via U.S. Patent and Trademark Office

Two patents from Amazon signal Big Tech’s desire to give consumers the benefits of AI by getting under their skin.

2 min read
Big Tech

AI Sends Apple’s Share Price Soaring

Photo by Carles Rabada via Unsplash

Two days after Apple unveiled its wave of artificial intelligence systems, the tech giant witnessed a massive share price rally.

2 min read
Patent Drop

IBM Patent Signals Big Tech’s Growing Focus on AI Wearables

Photo via U.S. Patent and Trademark Office

IBM’s latest patent wants to give you the right tool for the job.

2 min read
Semiconductors

The G7 Wants to Get Involved with Semiconductors and Subsea Cables

Photo by Vishnu Mohanan via Unsplash

The Group of Seven countries are forming a group that will rejigger the semiconductor supply chain and lay out new subsea internet cables.

2 min read
Patent Drop

Snap May Be Eyeing an AI Comeback

Photo via U.S. Patent and Trademark Office

Snap could use AI to create more engaging experiences and “significantly strengthen Snap’s standing as a legitimate content platform.”

2 min read
Inflation & Prices

Will Cooling Inflation Spur a Fed Pivot?

Photo by J.Marca Executive via Public Domain Mark 1.0

Inflation cooled in May. So why isn’t the Federal Reserve slashing interest rates yet like other wealthy countries have done?

2 min read
Media & Entertainment

Warner Bros. Discovery Scores French Open Broadcast Rights

Photo by Passion Leica via CC BY-SA 2.0

After likely losing NBA rights, Warner Bros. Discovery scooped up the US broadcast rights to the French Open.

1 min read
Artificial Intelligence

Argentina Sets Itself Up as a Mecca for AI Deregulation

Photo by Presidency of Armenia via CC BY-SA 3.0

In an interview with the Financial Times, an Argentinian presidential advisor said the country wants to welcome AI companies with open arms.

2 min read
Inflation & Prices

Small Businesses Feel the Pinch of Higher-for-Longer Interest Rates

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

As the prospect of higher-for-longer continues to sink in, small businesses are beginning to feel the pinch, per Bloomberg.

2 min read
Markets

Midday Market Brief: Wait and See

Photo illustration by Connor Lin / The Daily Upside

Stocks are mostly stuck in neutral as investors await two key pieces of data on Wednesday.

1 min read
Healthcare

Moderna Pins Hopes on Combined Flu and Covid Jab

Photo by Baltimore County Government via Public Domain Mark 1.0

A recent trial showed its new 2-for-1 injection was more effective on both illnesses than existing individual shots.

1 min read
International Economics

Europe’s Disruptive Election Rocked the Region’s Markets

Photo by Faces Of The World via CC BY 2.0

Europe’s various far-right parties increased their control of the EU’s parliament to 25% from the roughly 20% since elections in 2019.

1 min read
Industrials

Elliott Wants to Shake Up Southwest After Building $2 Billion Stake

Photo by Forsaken Films via Unsplash

Elliot is calling on the company to replace CEO Bob Jordan, revise its board of directors, and conduct a comprehensive business review.

2 min read
Markets

Midday Market Brief: Eurovision

Photo illustration by Connor Lin / The Daily Upside

Far-right gains in the European Parliament elections put investors globally in a tentative mood, though the dollar got a big boost.

1 min read
Patent Drop

Apple’s AI Waiting Game May Finally Be Over

Photo by ACC District via CC BY 2.0

Apple’s been biding its time on AI. Don’t count it out of the race.

5 min read