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Telecommunications & Media

Myspace mulls relaunch as social media fatigue grows, but success unclear

Myspace has signalled it plans to relaunch, but analysts say its chances look limited in a social media market dominated by algorithm-driven feeds and short user attention. CNBC reported that Tim Vanderhook and Chris Vanderhook, who own Myspace, reiterated the plan in a documentary. They did not give a timeline. Myspace, founded in 2003, peaked in 2008 before declining against Facebook. Analysts say nostalgia alone will not be enough.

AI & Enterprise

Apple tops $5 trillion in intraday market value for first time

Apple crossed $5 trillion in intraday market value for the first time, regaining its position as the world’s most valuable listed company after overtaking Nvidia. Apple shares rose 0.72 percent to $339.33, lifting its market value to $4.98 trillion, after hitting $342.89 and $5.04 trillion intraday. The stock is up 25 percent this year. Investors are reassessing Apple’s AI spending approach ahead of earnings due on July 30.

AI & Enterprise

Forrester warns OpenAI could become AI\'s BlackBerry, urges avoiding vendor lock-in

Market research firm Forrester has advised corporate customers to guard against dependence on a single supplier ahead of OpenAI\'s IPO, The Register reported on June 11. In a report timed to OpenAI\'s confidential filing, Forrester urged buyers to avoid being tied into long-term contracts and to keep architectures flexible, warning OpenAI could become AI\'s BlackBerry. It said OpenAI faces three challenges, and urged buyers to choose needed capabilities and prepare to switch vendors.