Apple AI chief leaving as iPhone maker plays catch-up

Apple on Monday said the head of its artificial intelligence team is stepping down, and the effort is to be led by a veteran engineer from Google and Microsoft. The plan for Apple senior vice president of Machine Learning and AI Strategy John Giannandrea to retire early next year comes...

Prada completes acquisition of flashy rival Versace

Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion). Prada Group said in a statement that the deal with Capri Holdings, the US group which owned Versace, had “received all required regulatory...