Tesla isn’t the status symbol it once was: Industry competition, inflation, supply chain issues, and a distracted CEO are major challenges for Tesla, but tax credits could help next year.
Cybercrime costs escalate: The rise of cybercrime and phishing attacks could have devastating effects on businesses of all sizes, but economic uncertainty could drive companies to cut back on security spending.
What the IPO backlog and tumbling valuations mean for fintechs: More down rounds and private equity buyouts could be on the way.
Googlers anxious over looming job cuts: Alphabet is planning to cut 10,000 workers through a stricter performance-review system. Expect non-tech companies to swoop in and offer them jobs.
Amazon’s ‘colossal failure’: One of the most successful voice assistants, Alexa is also losing billions of dollars. But there are some revenue-building steps Amazon could take.
Just under 2% of the US population will drive an electric car next year, for a total of 5.4 million drivers, per our forecast. By contrast, more than half the population, or 151.4 million people, will drive a connected car in 2023.
TSMC commits to building high-end chips in US: The global chip production landscape could shift as fabs find homes in US cities, but economic uncertainty could pause expansion plans.
Twitter to pay Big Tech tax: Twitter Blue’s relaunch might not secure the intended revenue due to Apple App Store and Google Play payment commissions. But Twitter has bigger problems.
Microsoft unperturbed by AWS expansion: Amazon announces new cloud regions in Europe, but with Big Cloud raising prices on the continent, inflation-strapped customers might seek providers with cheaper offerings.
Tesla’s safety recall pileup: Hyperscaling production is taking a toll on vehicle safety and quality control. The carmaker’s approach to fixing problems with over-the-air firmware updates could be part of the problem.
Big tech’s talent loss is another industry’s gain: Burned by the raft of layoffs, tech talent is seeking opportunities in other industries. The shift could make tech’s future talent search problematic.
The Great Tech Recession: Tech’s losses accrue with Twitter chaos and Big Tech bleeding money and workers. The industry is losing its connection with the consumers and talent who built it.
Nvidia’s generative AI pivot: Its expertise in GPUs and imaging software gives Nvidia a first-mover advantage over other chipmakers. Will regulation and copyright law catch up with innovation?
Los Angeles to become robotaxis’ next proving ground: Despite the controversy surrounding AV technology, Motional and Lyft are gearing up to unleash driverless taxis on the streets of LA.
Amazon is paying workers to resign: Amazon’s attempt to cushion the blow to its business might not be enough as the rest of the US labor market improves.
Can there be only one robot dog? Boston Dynamics is suing Ghost Robotics over alleged intellectual property violations related to its robot Spot. It could set an inhibiting precedent for the industry.
acklash from Twitter’s verification misstep: Eli Lilly, Nintendo, American Girl, PepsiCo, Nestlé, and Tesla were trolled by spoof “verified” accounts. Brands and users must come to terms with unmoderated content.
Big Tech’s real estate addiction cured by downturn: Companies are reversing their office expansion plans to cut costs. Long-term, the move makes more financial sense than layoffs given the rise of remote work.
Small tech vs. Big Tech: The Tech Oversight Project is campaigning for a landmark antitrust law targeting Big Tech. But it might not be the boon to innovation it promises.
Here’s what Apple, Google, Amazon, and Twitter are doing to build out a space in financial services—and how Big Tech’s expansion into banking will impact the industry.