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.
Tesla losing momentum in China: Faced with increasing competition, Teslas are being discounted in its biggest growth market. Shares continue to spiral while CEO Elon Musk hangs out at Twitter.
Tech’s economic pain isn’t letting up: Economic recovery eludes the tech industry as the Fed targets the overall strong job market’s role in driving inflation. Expect more corporate downsizing.
Quantum claim leads to shock and disbelief: Chinese researchers say they’ve broken standard internet encryption with a quantum computer. True or false, it serves as a warning for better preparation.
Amazon laying off 18,000: That’s significantly more than previously disclosed and could indicate that widespread job cuts are around the corner for tech companies. Job uncertainty could lead to panic and stall innovation.
Sony’s automotive dreams take shape: The Sony Honda Mobility venture unveiled its connected car prototype, Afeela, that illustrates automotive’s high-tech future. This means new revenue streams for tech and marketers.
Twitter hack could have serious consequences: Fallout from last year’s Twitter breach is emerging as millions of user email addresses are circulated online. Prepare for phishing and more Twitter scrutiny.
“We used to talk about ‘omnichannel’ and we should just be talking about ‘commerce.’” That’s according to our analyst Suzy Davidkhanian, speaking on our “Behind the Numbers: Reimagining Retail” podcast.
Microsoft’s cavalier generative AI could be Bing’s big chance: Wielding the technology reflects Microsoft’s risk appetite as it eyes a rare shot at search dominance.
Twitter gets forced into remote work: The social media company’s financial woes are putting its ability to retain office space in jeopardy. Fully embracing remote work is a sensible option.
Salesforce sheds 8,000 jobs: A sudden scramble towards austerity will affect 10% of the SaaS giant’s workforce, but also reveals the tech sector’s continued collapse in the face of uncertainty.
Taiwan is still the cradle of chip innovation: TSMC committed to its home country even as it broke ground in America, maintaining Taiwan’s dominance in chip production at a time of heightened geopolitical conflict.
Most laid-off techies found new jobs: Despite 2022’s job gutting, tech workers are faring well in other sectors. AI and semiconductors bode well for tech having a brighter 2023.
Tesla keeps inviting bad press: South Korea’s regulator says Tesla exaggerated its EV driving ranges. It’s the latest of many woes that could mean further loss of Tesla’s consumer appeal.
ogers-Shaw deal in jeopardy: The $26 billion merger would create the second-largest firm in Canada’s telecom oligopoly, but delays and uncertainty will drive down value.