Ticker: Higher orange juice prices on the table; Microsoft delays AI Recall feature
The record-high prices the world is seeing for orange juice right now may be on the table for a while, since the diseases and extreme weather ravaging orange groves in some top-producing countries aren’t easily resolved problems.
This year’s harvest in Brazil, the world’s largest exporter of orange juice, is likely to be the worst in 36 years due to flooding and drought, according to a forecast by Fundecitrus, a citrus growers’ organization in Sao Paulo state.
In the U.S., Florida’s already diminished orange production fell 62% in the 2022-2023 season after Hurricane Ian further battered a crop that was struggling due to an invasive pest.
Scarce supplies have sent prices soaring. In the U.S., a 12-ounce can of frozen orange juice concentrate cost an average of $4.27 in April, 42% more than during the same month a year earlier, according to government figures.
Microsoft delays AI Recall feature
New laptops equipped with Microsoft Windows start shipping to customers this week without a flagship feature called Recall that drew concerns about privacy and cybersecurity.
Microsoft CEO Satya Nadella touted the new Recall feature at a showcase event last month, describing it as a step toward artificial intelligence machines that “instantly see us, hear, reason about our intent and our surroundings.”
Recall works by periodically taking snapshots of a computer screen to give Microsoft’s AI assistant Copilot a “photographic memory” of a person’s virtual activity.
But late last week, the company said it was delaying a “broadly available” preview of Recall that was supposed to be included with new PCs starting Tuesday.
Instead, it will first go to a smaller set of users who are part of the Windows Insider software testing program.