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When Steve Jobs gifted brand new Jaguar to secretary after he got late to office; said ...

When Steve Jobs gifted brand new Jaguar to secretary after he got late to office; said ...

Time of India5 days ago

Apple founder Steve Jobs, known for his intense leadership style at Apple, once surprised a late-arriving secretary with a brand-new Jaguar. Ron Givens, Apple's director of quality from 1981 to 1986, shared the story in a 2011 interview with WRAL. During the interview, Givens recalled a day when a secretary showed up late for work. Jobs, he said, walked over and asked her why she was late. She explained her car had broken down. 'That afternoon, he walks into her office, tosses a set of keys to a brand-new Jaguar and says, 'Here, don't be late anymore,'' Givens said.
At the time, a Jaguar XJ cost about $35,000—roughly $123,000 today (adjusted for inflation).
The moment captures what Givens called the 'paradox' of Jobs. He described him as a boss who could both intimidate and inspire. 'He could motivate you out of your socks,' said Givens. Jobs, then just 26, was known for constantly walking the halls, questioning engineers about minute design details one moment and delivering surprise gifts the next.
Givens, who was about 20 years older than Jobs, said many of the young CEO's ideas seemed 'stupid' at first—until their brilliance became clear. He also recalled being handed a $1,000 Steuben-glass apple from Jobs, with no explanation.
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Apple needs 'only A players': Steve Jobs
Jobs pushed hard for excellence, famously saying Apple needed "only A players." He admitted firing weaker employees was 'very painful,' but necessary. Pixar's Pete Docter later said Jobs was known for 3 am phone calls—something he never wanted to repeat.
According to a recent CNBC report, Docter told Fast Company's Most Innovative Companies Gala that Jobs would phone colleagues 'at any time, day or night, three in the morning … you're on vacation, doesn't matter'. He further stated that Jobs' after-hours calls were non-negotiable and that the intensity often ignored personal boundaries.
'He wants to talk to you about it, you're on,' Docter further added. As per the report, Docter admitted he sometimes sends late-night emails himself but added, 'That's what my wife's trying to get me to stop doing.'
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UK's Farage promises non-doms protection from tax on overseas assets
UK's Farage promises non-doms protection from tax on overseas assets

Time of India

time19 minutes ago

  • Time of India

UK's Farage promises non-doms protection from tax on overseas assets

Nigel Farage 's Reform UK party is offering non-doms full exemption from tax on their overseas assets for a fee of £250,000 ($335,000) every 10 years with the revenue redistributed to lower income workers, drawing a new battle line with Britain's traditional parties. Farage's proposal pits him against both the Conservatives, which last year abolished non-dom status for those who live in Britain but have their permanent home abroad, and the Labour government, which went one step further after winning the election last July by imposing inheritance tax on their global wealth. Thousands of people in Britain have left in protest at Labour's inheritance tax measure, including some of the country's wealthiest individuals. Chancellor of the Exchequer Rachel Reeves is now exploring changes to bring them back. Inheritance tax is charged at 40% in the UK, one of the highest rates in the developed world. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Farage would reinstate the old non-dom regime that protected them from tax on their overseas income, including inheritance tax, to reverse the exodus of the rich and business elite. Under Reform's so-called 'Britannia Card,' non-doms would have to pay the £250,000 fee. The Times first reported the story. (Join our ETNRI WhatsApp channel for all the latest updates) Proceeds from the levy would be transferred directly into the bank accounts of the lowest-earning 10% of workers. Reform estimated about 2.5 million people on a full-time salary of less than £23,000 would get £600 each if 6,000 non-doms paid for the Britannia Card. Live Events You Might Also Like: UK may rethink non-dom inheritance tax as wealthy foreigners exit Reform has become a credible threat to Britain's traditional two party system. It is leading in the polls and Farage is developing a more coherent policy agenda than with his former UKIP and Brexit parties, when he led largely single issue campaigns against the European Union. Critics warn that his plans for big tax cuts on working people paid for by slashing the size of the state could prove undeliverable. Reform's £250,000 'landing fee' is a little cheaper than the former non-dom regime under which there was an annual fixed charge of £30,000 if an individual lived in the UK for seven of the last nine tax years, rising to £60,000 if it was 12 of the last 14 tax years. Restoring the non-dom status would also cost Reform the £33.8 billion of income that the Office for Budget Responsibility estimated the Conservative and Labour changes will generate over this parliament. Companies House data compiled by Bloomberg found evidence of an exodus of more than 4,400 directors of UK businesses since last July. In April alone, when the tax hikes kicked in, departures were up about 75% from 12 months earlier. You Might Also Like: UK replaces passport stickers with eVisas for some: What you need to know if you're planning your travel UK's tougher immigration stance may undermine efforts to meet net zero by 2050

Why stock market is falling today? Key factors behind 700-point Sensex crash, Nifty below 24,900
Why stock market is falling today? Key factors behind 700-point Sensex crash, Nifty below 24,900

Time of India

time23 minutes ago

  • Time of India

Why stock market is falling today? Key factors behind 700-point Sensex crash, Nifty below 24,900

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Why both Apple and Meta are interested in buying Perplexity AI
Why both Apple and Meta are interested in buying Perplexity AI

Indian Express

time28 minutes ago

  • Indian Express

Why both Apple and Meta are interested in buying Perplexity AI

In Silicon Valley, what matters most is staying ahead of the competition. If you are Apple or Meta and find yourself short on talent or unable to build the technology in-house, the typical approach is to spend big. That usually means acquiring a successful company, bringing in the team behind the product, and either integrating it into your core offerings or giving the founders enough autonomy to continue innovating within your brand. It's an approach many Silicon Valley companies have embraced—some have made blockbuster acquisitions, while others have gotten burned. Last week, both Apple and Meta made headlines with news of their interest in acquiring Perplexity AI, a leading AI startup founded by Indian-origin computer scientist Arvind Srinivas. While major Silicon Valley players often work behind the scenes to quietly pursue companies they are interested in, this time two tech giants are eyeing Perplexity—at the same time. The timing makes it even more interesting, especially in the case of Apple, which typically avoids bringing in outside talent and prefers to build competing technologies in-house. Bloomberg first reported that Meta approached Perplexity about a potential takeover before the company recently invested $14.3 billion in Scale AI. Unsurprisingly, the San Francisco–based AI startup was also on Apple's radar, according to another Bloomberg report. It's not clear whether Perplexity is up for sale, whether Meta or Apple has held formal talks to acquire the company, or how close either might be to sealing a deal. We may not know until one of them makes an official announcement. While Meta has been on a shopping spree for months, Apple's name entering the mix is particularly interesting. It could signal a turning point in Cupertino's AI strategy—something many have been anticipating, especially after its underwhelming AI showing at the company's recent developers' conference. The interest from both Silicon Valley giants raises an important question: why are they eyeing a much smaller company like Perplexity? The answer may be that this rising AI darling holds the potential to supercharge their AI ambitions in the escalating battle against Google and Microsoft-backed OpenAI. When Perplexity was founded in 2022 by a team of AI researchers and machine learning experts—Aravind Srinivas, Andy Konwinski, Denis Yarats, and Johnny Ho—in San Francisco, the idea behind the startup was to 'democratise access to knowledge.' While the AI-driven search engine and chatbot rose quickly, Perplexity AI was initially mocked as little more than an 'AI wrapper.' Now, its greatest strength lies in allowing users to choose from a range of powerful large language models (LLMs), though it also has its own LLM called Sonar. The startup has built various services on top of these LLMs, giving consumers real choice and flexibility. This ability to rapidly develop and launch new features on top of popular LLMs is what helped Perplexity gain its user base and rise in popularity. As of mid-2024, it reportedly had around 15 million users. Perplexity's rise is especially unexpected in its emergence as a serious search engine contender. Both insiders and the general public have praised its search capabilities, with some calling it a potential challenger to Google's dominance in the space. Many have tried and failed to replicate Google over the years—Neeva, for instance, shut down in 2023 after struggling to gain traction. But Google itself appears to be on shaky ground. Users have increasingly complained that Google's search results are cluttered with low-quality, spammy websites gaining the rankings. As a result, many people have begun turning to platforms like Reddit and TikTok for more authentic answers. Neither Perplexity nor ChatGPT has replaced Google yet, but there are growing signs that user search behaviour is shifting—and new players are emerging. Even Google is trying to reinvent itself with a new feature in its search engine called AI Overviews, which offers summarised answers on the search page itself. While Perplexity is slowly gaining more users, it has also faced controversy. The company has been accused by major publishers of bypassing paywalls and plagiarizing content. That said, Perplexity has quickly become one of the most buzzing products in the tech world. The company is currently valued at over $14 billion. Cupertino took an early lead in artificial intelligence with Siri in the early 2010s, but the company is now virtually absent from the current AI race. In fact, Apple is lagging behind other FAANG — an acronym for the top tech companies: Facebook (now Meta), Apple, Amazon, Netflix, and Google (now Alphabet) — companies when it comes to AI. Its much-hyped Apple Intelligence has been underwhelming at best, and the promised Siri overhaul has been delayed—with no clear timeline in sight. Apple appears to be years behind the competition, painting a picture of weak leadership, flawed decision-making, and poor integration between teams. The company's recently concluded Worldwide Developers Conference (WWDC) keynote included little to no mention of AI—a clear sign that Apple failed to anticipate the generative AI boom and was caught off guard. However, Apple has been developing a version of Siri that is entirely based on large language models (LLMs), aiming to make it more conversational and better at processing information. This new version is expected to eventually replace the current hybrid Siri that Apple is using, but we will have to wait until sometime next year to see how polished the new Siri actually is. A major difference between Apple and other companies in bringing AI to the masses is that Cupertino is more open to partnerships—such as the one it has with OpenAI. The idea is that Apple will combine its own machine learning models with generative AI technologies from partners to power features within Apple Intelligence. It's a smart way to deliver the best of AI through collaboration. And since Apple has some of the best hardware on the market—and billions of active users—it makes sense to work with various AI companies and build new features on top of their LLMs. But the real question is whether Apple's hardware-first business model puts it at a disadvantage in the AI age—or whether we are simply expecting Apple to behave like Google or OpenAI and invest billions in AI as a core product. What's often overlooked is that Apple's business model is fundamentally different from the major players in AI. Apple is not (yet) an AI-first company—though it could become one in the future if its devices and software are redesigned around AI. While Google and OpenAI aim to sell their AI technologies to others and monetise them directly, Apple's focus is on serving its own customers—those who buy iPhones, Macs, and other devices—by integrating AI features into its existing software ecosystem. Apple is also morally accountable to its users, which is why it maintains a strong emphasis on building a private, user-focused version of AI. If that approach takes more time to deliver, Apple is willing to wait—and that's okay, even if it takes longer than expected. Apple has made a choice, and its partnership-driven approach comes with both pros and cons. The company can either compete directly with OpenAI and Google by developing its own large language model (LLM) as advanced as theirs and integrating it into Apple Intelligence, or it can give consumers the option to choose between assistants—like Siri and Gemini, for example. However, taking the latter route risks complicating Apple's business model and could create a confusing user experience, such as having two voice assistants running on the same iPhone. For Apple, its current position in the AI age is a high-risk battle. The company could open its wallet to acquire a major AI company or poach the brightest software developers to build a team of AI experts. Apple might already be quietly doing this behind the scenes. Apple rumoured move to acquire Perplexity AI suggests a potential shift in its AI strategy. In some ways, Perplexity AI and Apple share similarities, and the long-term impact of integrating Perplexity's technology with Apple's hardware and software could be significant but in a positive way. Perplexity's search tool—with its text interface, voice controls, and Apple-like design—resonates more strongly on iOS than on Android. Perhaps the secret to Perplexity AI lies in how it is redefining the search engine experience. While traditional search engines like Google (built on crawling, indexing, and ranking) constantly scan and catalog the internet, Perplexity AI takes a different approach. Instead of relying solely on static results, its search engine transforms search into a natural conversation. Users can phrase questions as they would when speaking to another person, rather than using keyword strings. This conversational flow allows users to ask follow-up questions, refine queries, or explore related topics without starting over. Additionally, Perplexity AI's responses include numbered footnotes that link directly to original sources, improving transparency. It scans the web rapidly to find the latest information, and thanks to its multimodal capabilities—supporting text, speech, and more—users can even upload images to receive detailed explanations of visual content. The result is a more user-friendly, transparent, and informative search experience. Perhaps Cupertino is exploring the idea of creating its own AI-based search engine to reduce its long-term reliance on Google. While talk of Apple acquiring Perplexity AI may still be just a rumour, the reality is that Apple needs both top-tier AI talent and a clear long-term strategy for integrating AI into its products. Maybe Apple wants to move beyond its current partnership strategy and is now aiming for full control over the user experience. Gaining access to Perplexity AI's talented team and its ready-made alternative to Google Search could mark the beginning of what Apple has long envisioned as the core experience behind Apple Intelligence. In May, Apple's Senior Vice-President Eddy Cue revealed that the company had discussed a possible Safari integration with Perplexity during Google's ongoing search antitrust case. Apple has been under increasing pressure to end its partnership with Google, which currently pays Cupertino billions of dollars each year to remain the default search engine on the iPhone. While that could mean the end of the billions Apple receives from Google if regulators apply pressure, Cupertino also needs an alternative—and a long-term bet on Perplexity AI makes a lot of sense. Though it remains to be seen whether Apple will invest in Perplexity AI or move to acquire the startup outright, one major hurdle could be regulatory approval. Apple has already faced accusations of creating a monopoly through its App Store and its dominant role as a gatekeeper—concerns that could intensify if it attempts a multi-billion dollar acquisition. However, Apple has generally avoided high-profile acquisitions. Its last major deal was the $3 billion purchase of Beats in 2014. Historically, the company prefers smaller acquisitions, usually aimed at bringing talented teams on board to kickstart new projects or to fill talent gaps in existing internal efforts. While Apple is rather cautious with acquisitions, Meta is known for large-scale deals. Meta has made a number of high-profile acquisitions in the past, and in many cases, it has allowed those brands to shine on their own. Take, for example, the photo-sharing platform Instagram or the messaging service WhatsApp—both highly successful deals that continue to pay dividends today. However, CEO Mark Zuckerberg is now under pressure and must answer to shareholders about how the company plans to win the AI race against OpenAI and Google's parent company, Alphabet. That explains why Meta is on a spending spree and actively eyeing AI companies, even though the cost of acquiring them during the peak of the AI boom is astronomically high. Just recently, Meta made a $14.3 billion investment in Scale AI, gaining access to star developer and startup founder Alexandr Wang—a Massachusetts Institute of Technology dropout who founded the company at age 19. The 41-year-old Meta CEO has also reportedly attempted to acquire Perplexity AI and Safe Superintelligence, the latter launched a year ago by OpenAI co-founder Ilya Sutskever. Meta is now reportedly planning to hire former GitHub CEO Nat Friedman and his business partner Daniel Gross, who had been leading the $32 billion AI startup Safe Superintelligence. In recent months, Meta has upped its spending on data centers investments and potential the added cost of AI hardware. Cash isn't a problem for Meta; what the company is focused on now is assembling a dream team to develop AI technology that aligns with Mark Zuckerberg's vision. Unlike Apple, which is a hardware-first company, Meta's business is more diversified—spanning its core advertising unit, Instagram's algorithm-driven content, as well as VR and smart glasses initiatives. Mark Zuckerberg often talks about the company's ambition to build a new computing platform that will one day replace smartphones, and to achieve that, Meta needs better AI models and the technology to power them. It's a massive undertaking, given Meta's presence across social media, advertising, and now hardware. It requires not only significant capital but also a long-term vision—and, more importantly, a 'superintelligence team.' But compared to OpenAI and Google, Meta has made slower progress in artificial intelligence, despite having vast resources and top-tier talent. The company's current AI strategy centers around an open-source approach built on its Llama family of models. In April, Meta announced the Llama 4 AI models, which were not well received by developers. So far, Meta has only released two smaller versions of Llama 4 and has stated it will eventually release a larger and more powerful 'Behemoth' model. This suggests that Meta remains behind Google, OpenAI, and Anthropic in the AI race. That leaves Meta with no choice but to speed up its efforts to hire the right talent. It's well known in Silicon Valley that star developers are few—and they come at a high cost. In the latest episode of the Uncapped podcast, hosted by his brother, OpenAI CEO Sam Altman revealed that Meta has attempted to recruit OpenAI employees by offering signing bonuses as high as $100 million, along with even larger annual compensation packages. This underscores just how desperate—Meta is to secure top-tier AI talent. Poaching is normalised in Silicon Valley – and certainly not new. With Perplexity AI reportedly on the radar of both Meta and Apple, it's clear that both companies are keen to acquire the Arvind Srinivas–led startup. Meta has previously been in talks to acquire the company, highlighting just how much it values Perplexity's potential. For Meta, the acquisition would be strategically important in improving its Meta AI assistant—which already serves over a billion monthly active users across the company's family of apps—by making it more personalised and better tuned for voice-based conversations. Anuj Bhatia is a personal technology writer at who has been covering smartphones, personal computers, gaming, apps, and lifestyle tech actively since 2011. He specialises in writing longer-form feature articles and explainers on trending tech topics. His unique interests encompass delving into vintage tech, retro gaming and composing in-depth narratives on the intersection of history, technology, and popular culture. He covers major international tech conferences and product launches from the world's biggest and most valuable tech brands including Apple, Google and others. At the same time, he also extensively covers indie, home-grown tech startups. Prior to joining The Indian Express in late 2016, he served as a senior tech writer at My Mobile magazine and previously held roles as a reviewer and tech writer at Gizbot. Anuj holds a postgraduate degree from Banaras Hindu University. You can find Anuj on Linkedin. Email: ... Read More

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