TNB Tech Minute: Apple Debuts First Foldable iPhone

SPEAKER_1 (0:01)

Countless companies invest in AI tools without tying them to tangible business outcomes. Join McKinsey later to learn how leaders rewire their organizations for sustained impact and value.

Julie Chang (0:15)

Here's your afternoon TNB Tech Minute for Wednesday, September 9th. I'm Julie Chang for the Wall Street Journal.

Apple kicked off its most consequential product event in years today, where it debuted a new CEO, its first foldable iPhone and higher prices. The new iPhone Duo is an almost tablet-like device that can fit comfortably in a pocket when folded and allows people to use more than one app at a time. John Ternes took to the stage for the first time as Apple CEO to reveal the Duo.

SPEAKER_3 (0:44)

For a device that plays such a central role in your life, a larger display would open up entirely new possibilities.

Julie Chang (0:50)

But the new tech will come at a higher price. It will start at $1,999.

The cost of memory and storage chips inside the smartphone has quintupled since last fall, prompting Apple to raise prices across its device lineup to protect its profit margins. A researcher at Anthropic is quitting the AI industry over fears that companies are racing to build uncontrollable, self-improving systems. The departure reflects growing safety concerns at top firms. The researcher, Jacob Coxson, said he worried self-improving AI could quickly spiral out of control and destroy humanity. Anthropic didn't immediately comment on the departure, but its CEO Dario Amadei and other company leaders have warned about the risks of rogue AI models and urged the industry to slow development.

And the Justice Department has requested more information regarding Fox's planned $25 billion acquisition of Roku. Fox and Roku said they are cooperating with the Justice Department and still expect the acquisition to close in the first half of next year. Fox and Jun said it would acquire Roku, bringing together a media company known for its live news and sports programming, with the biggest provider of streaming platforms for connected TVs. The deal would expand Fox's streaming business, which includes Tubi, Fox One and Fox Nation. Fox and Wall Street Journal Parent News Corps share common ownership. And that's it for your TNB Tech Minutes. We'll have another quick tech update in the morning.

SPEAKER_1 (2:21)

AI transformation is more than a tech initiative. It requires a broader rewiring of human skills and ways of working. Here's Dan Swann, senior partner at McKinsey.

SPEAKER_4 (2:31)

One of the biggest unlocks we see is the human being capabilities around the technology. Whereas before, you may need to be really good at analysis, now the skill might be how do you prompt these tools to get the right answers and outcomes. And so for us, it's a really big priority to help companies to understand how do you need to change the operating model of your organization and change the underlying capabilities of the people that are interacting with the technology. And when you see that all humming together, it can be really, really special.

SPEAKER_1 (3:01)

Discover how McKinsey helps organizations rewire to compete with AI at mckinsey.com/techmoves.

SPEAKER_5 (3:08)

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