It’s Amazon’s turn to cut jobs: Amazon comes to terms with economic realities, cutting 1% of its workforce to better prepare for Q4 headwinds, uncertainty, and earnings slowdowns, which could lead to further layoffs in 2023.
Tesla’s self-driving is like a ‘drunken, suicidal 13-year-old’: Green Hills Software’s CEO is on a mission to sink Tesla’s Full Self-Driving release. He’s being ridiculed, but consumer surveys indicate agreement.
The startup scene’s crash and burn: Founders and investors spoke about precipitous valuation drops for startups as the cost of capital keeps rising. Climate tech is benefiting from the adversity.
Twitter’s fallout deepens: More jobs cuts, departures of executives, and distressed debt pose existential concerns for the social media company. Pressure to monetize the platform isn’t enough to save it.
Apple almost primed for headset success: With Meta’s dashed metaverse hopes, Apple’s upcoming mixed-reality headset might give it an edge. The pricey offering could set the stage for a lower-cost version.
Ads on the menu: Advertising links to services like OneDrive are appearing as menu items in Windows 11 dropdowns. It’s a way to boost advertising and target ads, but it’s not welcome.
Activist investor pressures Salesforce to slash staff: A string of tech layoffs last week follows the Fed’s interest rate hike. But tech talent scavengers should keep companies on their toes.
Meta faces painful reality: The company’s transition to a VR ecosystem could hit a wall as economic headwinds, plummeting stock value, layoffs, and hiring freezes force Zuckerberg to take a hard look at Meta’s needs.
AI’s ‘Napster’ moment, but much bigger: The frenzy around generative AI’s abilities has triggered the first lawsuit claiming copyright infringement by Microsoft and OpenAI. The outcome could have global ramifications.
Sen. Elizabeth Warren suspicious of Big Tech’s carmaking ambitions: Google lends its software expertise to help Renault build vehicles digitally. It’ll meet consumer demand for connected cars but also trigger antitrust scrutiny.
Microsoft faces new antitrust probes in Europe: A coalition of 24 cloud providers filed a complaint against Microsoft Azure—renewing antitrust scrutiny on the company’s bundling practices, which could lead to fines and penalties.
Throttling processors risks slowing innovation: Semiconductors are a battleground in the tech cold war between the US and China, and now manufacturers are scaling down performance to comply with chip bans.
Call of Duty transcends gaming’s slump: Activision Blizzard’s shares are up following a Call of Duty sales milestone. With Microsoft’s deal still pending, competition and a recession could test its resilience.
Transparent solar panels work well on cloudy days: Swiss researchers have made a solar energy breakthrough that makes the tech more versatile and attractive. Expect more solar improvements ahead.
Our latest forecasts on media and tech usage in Japan offer a glimpse of what’s expected.
Tech workers might fare better than employers: Tech is having another bad week with layoffs and hiring freeze announcements. The strong labor market means these workers can find roles elsewhere.
Chaos reigns at Twitter: The company takes on an impulsive character as it lays off half its staff but then implores ex-employees to return. Advertisers are pausing while new features are stalled until after the midterm elections.
AI art creating a monster: The tech industry has been searching for new products that hook consumers. It’s likely struck gold with AI art, but there will be major repercussions.
Apple warns of iPhone shortages: China’s lockdowns and supply chain disruption could accelerate Apple’s plans to find manufacturing alternatives in other countries as it prepares to have fewer iPhone 14 Pros for the holiday season.
We delve through PayPal’s Q3 earnings report to give you the main takeaways.