Apple is rolling out a series of AI-powered updates across its ecosystem. The redesigned Health app, now available to developers in iOS 27.3 beta, uses Apple Intelligence to deliver personalized insights, health age scores, and movement evaluations. Users can expect the free update by the end of 2026, with new Insights and Longevity tabs offering tailored sleep and fitness recommendations. At the same time, Siri has been significantly upgraded with a new skills system that lets the assistant work across any app. Apple says Siri handles over 2.5 billion requests daily and now supports onscreen awareness and personal context. The company also removed the Siri AI waitlist for most users, letting the feature download automatically after tapping Try Siri AI in Settings.
In corporate earnings news, Nice reported a 46% jump in AI annual recurring revenue to $392 million in Q3, though the company also announced layoffs affecting roughly 5% of its workforce. Total revenue reached $790.7 million, up 8% year over year, but GAAP operating income fell 25% and net income dropped 34% under margin pressure. CEO Scott Russell pointed to growing demand from personal AI agents as a key growth driver. Avnet saw even steeper gains, with fiscal Q1 sales climbing 81.7% to $10.72 billion, fueled by strong demand in industrial, aerospace, defense, and AI data center markets. Net income surged 445.3% to $282.2 million.
Sterling Infrastructure delivered a strong quarter as well, with revenue rising 127% to $1.56 billion and backlog growing 78% to $6.14 billion, driven largely by data center site development. Management raised full-year revenue guidance by roughly $600 million. In legal news, the New York Times, New York Daily News, Chicago Tribune, and Orlando Sentinel sued Brave Software, accusing it of scraping articles into its search index and selling access to AI companies including Anthropic, Cohere, Perplexity, Mistral, and xAI. The Times claims Brave earned over $100 million from publishers' content without compensating them.
On the investment front, investor Rhys Williams recommends a barbell strategy for 2027, pairing AI infrastructure stocks with health care and energy names like Astera Labs, Ligand Pharmaceuticals, Takeda, Exxon, and Chevron. He argues that sentiment around AI is weak but fundamentals remain solid, distinguishing the current boom from the 1999 dot-com bubble. Meanwhile, Mercy University received a nearly $3 million federal grant over five years to integrate AI skills into its curriculum through a program called FORWARD, with first-year funding of $614,939 from the U.S. Department of Education.
Key Takeaways
- Apple's redesigned Health app uses Apple Intelligence for personalized insights and is headed to users as a free update by end of 2026.
- Siri now works across all apps via a new skills system and handles over 2.5 billion requests daily.
- Nice reported AI annual recurring revenue of $392 million in Q3, up 46%, while total revenue hit $790.7 million.
- Nice laid off about 5% of its workforce despite strong AI revenue growth.
- Avnet's fiscal Q1 sales jumped 81.7% to $10.72 billion, driven by AI data center and industrial demand.
- Sterling Infrastructure raised full-year guidance by $600 million after revenue rose 127% on data center development work.
- The New York Times and three other papers sued Brave Software for selling access to articles to AI companies including Anthropic and Cohere.
- Investor Rhys Williams recommends pairing AI infrastructure stocks with health care and energy for 2027.
- Mercy University received nearly $3 million in federal funding to train faculty and students in AI skills.
- Scammers are using AI-generated images of missing pets to demand ransom payments from owners.
Apple launches AI-powered Health app with new features
Apple released a redesigned Health app to developers in iOS 27.3 beta. The app uses Apple Intelligence to offer personalized insights, health age scores, and at-home movement evaluations. Users will receive the update as a free download by the end of 2026. New features include an Insights Tab, a Longevity tab, and tailored recommendations for sleep and fitness.
Siri AI expands to work with all apps through new skills
Apple announced major upgrades to Siri AI in the iOS 27.3 developer beta. The assistant now works with any app using a new skills system and agentic planner. Developers can define skills like view_skill and get_skill_response to guide complex requests. Apple confirmed Siri AI handles over 2.5 billion requests daily and now supports personal context and onscreen awareness.
Apple removes Siri AI waitlist from iOS 27
Apple eliminated the Siri AI waitlist for most users in iOS 27. The feature now downloads automatically after users tap Try Siri AI in Settings. A waitlist may still appear during periods of high demand. The change follows the iOS 27 rollout that began earlier this fall.
Nice cuts 5% of staff as AI revenue jumps 46%
Nice reported a 46% rise in AI annual recurring revenue to $392 million in Q3. The company also announced layoffs affecting about 500 employees, or 5% of its global workforce. Revenue reached $790.7 million, up 8% year over year. However, GAAP operating income fell 25% and net income dropped 34% due to margin pressure. CEO Scott Russell cited growing demand from personal AI agents as a key driver.
Avnet sales jump 81.7% on industrial and AI demand
Avnet reported fiscal Q1 sales of $10.72 billion, an 81.7% increase from $5.90 billion a year earlier. Net income rose 445.3% to $282.2 million. CEO Phil Gallagher credited strong demand in industrial, aerospace, defense, and AI data center markets. Farnell sales hit a record $583.3 million. The company forecast Q2 sales between $11.1 billion and $11.4 billion.
Sterling Infrastructure crushes earnings estimates and raises guidance
Sterling Infrastructure reported third-quarter revenue that rose 127% to $1.56 billion, beating analyst expectations. The company's backlog grew 78% to $6.14 billion, driven by data center site development work. Management raised its full-year revenue forecast by about $600 million. The E-Infrastructure Solutions segment handles electrical work for data centers and semiconductor facilities. The company also acquired CEC in September 2025, which contributed to growth.
Allganize Holdings listed on Tokyo Stock Exchange Growth Market
Allganize Holdings, a corporate AI company, was listed on the Tokyo Stock Exchange Growth Market on November 4. Atnum Investment is the largest institutional shareholder. The company originated from California and developed AI solutions in Korea, the U.S. and Japan. It established Olgoise Korea in 2018 and Olgoise Japan in 2019. Atnum Investment first invested in 2021 and has supported the company's growth and management strategies.
Weblink International posts record third-quarter profit on AI demand
Weblink International reported record profit for the third quarter of 2026 and the first three quarters of the year. The company's strong results were driven by growing enterprise AI adoption and sales of new products. The record performance marks a significant milestone for the Taiwan-based company.
New York Times and three papers sue Brave over AI content sales
The New York Times, New York Daily News, Chicago Tribune and Orlando Sentinel sued Brave Software in Manhattan federal court on November 2. The lawsuit accuses Brave of scraping news articles into its search index and selling access to AI companies including Anthropic, Perplexity, Mistral, xAI and Cohere. The Times says Brave made more than $100 million from publishers' work while publishers received nothing. The complaint targets Brave Search, the Brave Search API and the Brave browser. Brave had not publicly responded as of November 3.
Business leaders react to Democrats' midterm sweep on AI and markets
Democrats' takeover of both chambers of Congress drew mixed reactions from Wall Street and business executives. Some investors raised concerns about potential restrictions on AI infrastructure investment. Elon Musk, who spent over $400 million backing Republican candidates, joked about data centers in space. Continental CFO Roland Welzbacher said companies could benefit from greater economic predictability. LinkedIn co-founder Reid Hoffman called the outcome a rejection of the political status quo.
Investor Rhys Williams shares AI stock picks for 2027
Investor Rhys Williams says today's AI boom is not like the 1999 dot-com bubble. He recommends a barbell strategy for 2027 that pairs AI infrastructure stocks with health care and energy. He names companies like Astera Labs, Ligand Pharmaceuticals, Takeda, Exxon and Chevron. He believes sentiment is weak but fundamentals remain strong.
Mercy University gets nearly $3M grant for AI training
Mercy University received a federal grant of nearly $3 million over five years to boost career preparation and AI skills. The program called FORWARD will train faculty, create a Solutions Lab and integrate AI into coursework. The first year funding is $614,939 from the U.S. Department of Education. The goal is to help low-income students complete degrees and enter the workforce.
Scammers use AI images of missing pets to demand money
Scammers are using AI-generated images of missing pets to trick owners into paying reward money. Victims like Stephanie Young, Cam Chauhan and Sarah Robinson received fake photos and threats to kill their pets if they did not pay. The scammers demand payment through Apple gift cards or large cash amounts. Experts say AI makes this type of fraud easier and more convincing than ever.
Sources
- Apple Readies Launch of AI-Powered Health App
- Siri AI’s Evolution Is Both Surprising and Obvious
- Apple disables Siri AI waitlist in iOS 27, with one exception
- Nice lays off 5% of workforce as AI revenue surges and profits fall
- Avnet Sales Surge 81.7% as Industrial and AI Demand Grows
- This Under-the-Radar AI Infrastructure Stock Just Crushed Estimates and Raised Guidance
- Allganize Holdings, a corporate artificial intelligence (AI) company in which Atnum Investment is th..
- Weblink International posts record 3Q26 profit on AI demand
- Brave Lawsuit: NYT and Three Papers Sue Over AI Content Sales
- Business leaders, investors weigh impact of Democrats’ midterm sweep on markets, AI and travel
- Investor Rhys Williams Says the AI Boom Isn't 1999 and Shares His Barbell Stock Picks for 2027
- Mercy University Selected For Nearly $3M Grant To Boost Career, AI Skill
- Scammers using AI-generated images of missing pets to demand reward money
Comments
Please log in to post a comment.