Apple’s intensifying in-house push: It already designs its own processors, and now it looks like Apple is moving to make its own Wi-Fi and 5G radios, displays, and touchscreens, reducing reliance on suppliers.
Another brutal week for tech: Companies from a broad range of tech sub-sectors announced layoffs this week. With the Fed gearing up for another rate hike, brace for industry pain.
TSMC’s strategic expansion: The world’s largest contract chip manufacturer is eyeing expansion into Japan and Europe, a move that could prove useful in any future conflict with China.
The best-laid plans of game publishers could go awry: The gaming industry has big title releases planned at high prices this year. Inflation makes the timing questionable and the quality mandatory.
President Biden urges regulators to move fast on Big Tech reforms: He called for a ban on targeting ads to minors and reforms to the controversial Section 230.
US consumers spent $497 billion on tech last year, according to the Consumer Technology Association. That’s a $15 billion drop from 2021. This year, spending will decline again, by $12 billion.
Apple’s next move: The company lost $1 trillion in a year, saw China’s COVID-19 shutdowns diminish Q4 iPhone sales, and is now wrestling with shrinking demand for multiple products as consumers brace for a recession.
Unprecedented airline outage: A computer outage canceled hundreds and delayed thousands of US flights, exposing the high cost of reliance on outdated technology and overburdened networks.
Alphabet wants to lead the climate battle: Google is leveraging its moonshots lab to tackle climate change at the expense of other research as revenue shortcomings call for new strategies.
ChatGPT ready to give Microsoft its ROI before it even invests: OpenAI shifts its monetization plan into high gear. But how much will people pay for a flawed service?
Microsoft hitches its AI wagon to OpenAI’s ChatGPT: Investing $10 billion will give Microsoft 75% of OpenAI’s profits and priority access to innovation it can fold into web search and software solutions.
Tesla price discounts in China backfire: The EV maker offered discounts on new models to counter rising competition, but existing Tesla owners in China are furious and demanding rebates.
‘Feels like the early launch of the internet’: Venture capitalists can’t contain their excitement about generative AI, which bodes well for startups in 2023. Meanwhile, the downturn protects against overvaluation.
VR’s golden age is coming, but not in 2023: Apple’s headset could hit the market this year, but with fierce competition in a down economy, it won’t move the revenue needle.
2023 layoffs expose Big Tech’s dirty laundry: Tone deafness, overexpansion, and lack of focus on security are the industry’s pressing problems that need to be resolved before the economy recovers.
Microsoft Word, PowerPoint to get juiced by generative AI: The tech giant is hatching more commercial uses for ChatGPT, putting itself at odds with a growing backlash against the controversial tech.
Musk faces a hard decision—Tesla or Twitter: A major Tesla shareholder isn’t happy with Elon Musk’s Twitter distractions. With many consumers sharing a similar sentiment, Musk might want to rethink his priorities.
AI solutions are gaining mainstream momentum: The flurry of artificial intelligence adoption is pushing innovation forward, but we’re already seeing some negative applications of the latest AI tech.
Another Consumer Electronics Show (CES) has come and gone, introducing the world to everything from a self-driving stroller to an accessible PlayStation 5 controller. It would be impossible to give a rundown of everything announced at the Las Vegas event, but here are a few things we think retailers should keep an eye on.
Samsung’s sinking profits: Declining demand for PCs, smartphones, and memory is eroding the tech giant’s value in its consumer electronics and chip fabrication businesses.