News Summary

• Apple, Amazon and Microsoft are racing to get AI gadgets on shelves in time for the holidays.
• The holidays will offer an early answer to a big question for tech companies: Is AI enough to sell a new gadget?
• There’s still room in consumers’ holiday budgets, even with the economy weighing on their minds.
• In a McKinsey survey published in August, 47% of u.s. respondents said they planned to spend about the same as last holiday season, while another 23% expected to spend more.