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Telecommunications & Media

\"There was no innovation after Steve Jobs\" - PayPal founder criticises Apple

PayPal co-founder and technology investor Peter Thiel criticised Apple for failing to deliver new innovation after Steve Jobs. In a podcast interview with author Walter Isaacson recorded in September and released on Oct. 22, Thiel said nothing new emerged after Jobs. He said the iPhone was a major invention, but Apple then focused on expanding existing products and building its brand. He also compared Tim Cook unfavourably with Elon Musk and Jobs.

AI & Enterprise

Subscription- and ad-free local AI assistant Underdog launches, revenue to come from payment fees

Conway Research has launched an invite-only beta of its on-device AI assistant, Underdog. The service currently runs fully on Mac and Windows 11 PCs, with Linux, iPhone and Android versions in the works. It focuses on privacy by encrypting account keys and running AI inference on the device using its Husky engine. The company plans to keep the assistant free and ad-free, and seek revenue from small fees tied to transactions handled through Stripe.

Industry

UNC endowment annual return tops 30 percent as pre-IPO SpaceX bet pays off

The University of North Carolina endowment posted an annual return of more than 30 percent through June, with an early investment in SpaceX cited as a key driver. The stake reportedly grew to about 10 percent of the fund before any listing. Former UNC-Chapel Hill chancellor Holden Thorp, who once opposed the bet, later acknowledged he was wrong. Similar rebounds in private tech holdings are also being cited at other U.S. university endowments.