Amazon Web Services’ Q1 revenue grew 16% YoY, trailing behind Microsoft and Google, reflecting a weak economy, the tech sector’s slowdown, and AI’s rise.
Meta thinks it needs OpenAI’s help to build software: As generative AI startups attract top talent to push the innovation needle, Big Tech companies like Meta should reconsider layoffs strategy.
Snapchat didn’t learn from Microsoft Bing growing pains: The My AI chatbot is disturbing social media users, with some wanting to delete the app. Tech companies are wise to exercise caution.
As AI adoption intensifies, so does the need for regulation. AI companies have an opportunity to help creative industries navigate new applications responsibly.
GM cancels its best-selling EV, the Chevy Bolt, while Tesla slashes prices to accelerate sales. Intensifying competition could be the opportunity for consumers to switch to EVs.
AI’s ‘superpowers’ behind tech layoffs: Dropbox, Lyft, and Clubhouse lay off over a thousand workers. Tech’s economic pain has eased, but Wall Street’s love of AI and layoffs is stoking the downsizing trend.
After service interruptions and a fee of $50,000 a month to access Twitter’s API, the MTA is now relying on its own apps and alerts. Other utilities could follow suit, shedding value for Twitter.
There’s a remedy for fallout from ChatGPT’s errors: Researchers found that more interactive chatbots are more helpful for users. Improving chatbot interface designs could prevent unintended consequences.
Reddit pilots chat channels to expand communication options: Move seen as effort to boost users’ time spent with platform and not on rivals like Discord.
Oppo leads in shipments and Apple is close behind. With China’s smartphone production down 13.8% YoY, opportunities continue to emerge on the premium end.
Thousands of jobs continue to vanish while companies pivot heavily into AI and risk slowing innovation in other areas.
PwC’s $1B bet on AI for business services automation raises legal accountability questions: It isn’t shying away from generative AI’s legal and ethical concerns— the risky strings attached to increased productivity.
6G R&D launch efforts ripple globally: The 6G wireless standard is taking shape as development gets underway in several countries. Prepare for a bullish US response to China’s breakthrough.
The IMF is pushing for global regulations, Coinbase is angry, and pan-European crypto rules are coming.
UK regulators block Microsoft’s attempt to consolidate a gaming behemoth, sending Activision Blizzard stock spiraling. Microsoft faces a tough antitrust fight.
There are still significant gaps in connectivity in the country and a need for better broadband distribution.
90.0% of North Americans will be internet users in 2024
Consumers are weary of stowing banking products across several providers. Embracing super apps could help banks tackle their problem.
The partnership trend will begin yielding batteries for carmakers by 2026 and could intensify competition to meet future EV demand.