China’s government goes all in on VR: An ambitious plan targets shipping 25 million VR, AR, and mixed reality headsets by 2026 as China looks to bolster its digital economy and own its future metaverse platforms.
Former ‘world’s most powerful person ever’ taking Meta on a wild ride: Company shareholder meetings are filled with ire over Zuckerberg’s plans, but there’s consolation in the bigger picture, and risk.
Google gives robots more autonomy: The tech giant advances its PaLM-SayCan research with automated code completion. It’s a compelling path for more capable bots with implications for human workers.
Here’s what banks can do to protect against the growing threat of cyberattacks.
Tablets and Chromebooks slump: Vendors are looking to double down on Windows PCs as more-affordable computer hardware loses luster, likely due to saturation or slow innovation in the sector.
Twitter and TikTok regulatory losses would be Meta’s gain: Musk’s Twitter acquisition has attracted federal scrutiny and TikTok could get banned. There might be hope for Facebook and Snapchat after all.
Microsoft’s Xbox subsidies: Losses on Xbox sales aren’t sustainable long term. As tech hardware continues to get hit by inflation, companies could turn to 3D printing to cut production costs.
China’s prolonged COVID-19 shutdowns lead to factory escapes: With cases spiking, manufacturers like Foxconn are turning to bonuses to keep production moving, but some workers are running away.
Big Tech is hurting, but its reign isn't ending: Meta, Microsoft, Alphabet, and Amazon have lost billions and Apple preps for Q4 pain. But better days could be ahead.
Twitter’s new ruler losing his kingdom: Reports of users flocking to Discord and Mastodon following Musk’s takeover could foreshadow the platform’s decline. New sites could emerge to fill the void.
Amazon, Microsoft, Google cloud dominion grows: Big Cloud frontrunner AWS’ disappointing Q3 earnings didn’t stop the three from expanding market share. But it could mean Google is leading on strategy.
Twitter in transition: Upheaval follows the leadership change at Twitter as it grapples with ramping up profits and drumming up advertising revenue just as brands and users question its content moderation policies.
Pinduoduo, ByteDance pose threat to Amazon: China-based companies are getting into international ecommerce for an expanded customer base. If the prices are right, they could give Amazon more Q4 worries.
Victoria’s Secret turns to acquisition to bolster its inclusivity push: The lingerie retailer plans to buy Adore Me, a D2C intimates brand known for inclusive sizing and body positivity.
Apple sets a revenue record: After a bleak week for Big Tech, Apple shows strength in Q3 earnings. Backed by Mac, wearables, and a consumer spending uptick—it’s doing something right.
Intel accelerates cost reductions: Layoffs and reduced work hours are aimed to help Intel reduce $3 billion in costs in 2023 and up to $10 billion in 2025. Competing chipmakers and PC companies are likely to follow suit.
Despite the fact that Meta has bulked up its ad offerings quite a bit this year, its ad revenues were down nearly 4% in the third quarter.
In 2024, robots will be used by just under half of medium to large operators of warehouses and fulfillment centers in the US. That’s up slightly from 44.9% this year and significantly from 28.0% in 2019.
Big Tech’s economic omen: Tech giants’ earnings show steep declines in profits and the effects of reduced consumer spending and plunging ad revenues, It marks the end of pandemic-era growth and a continued downturn.