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.
Apple’s 30% payments fee condemned: Meta, Spotify, and Elon Musk rail against Apple’s App Store policy changes. It signals a need for diversification amid Big Tech’s declining ad revenues.
Tesla in hot water over Autopilot, Argo AI shutters: Vehicle crashes, dubious marketing strategies, and public fears take a toll on the AV sector, but a revival is possible.
In-store retail media’s power isn’t dependent on personalization: That makes it significantly easier to deploy.
Alphabet earnings disappoint, except in the cloud: Google Cloud surpassed Q3 expectations as Alphabet’s topline revenue dashes investor hopes. Expect more pressure on employees, which could harm workplace culture.
Shutterstock flip-flops on text-to-image tech: The stock image company has changed its mind about AI art, integrating DALL-E 2 into its platform. The outcome is uncertain as copyright challenges loom.
Phishing attacks on the rise: Trusted brands like DHL, Microsoft, and LinkedIn are often impersonated in phishing emails, causing millions of dollars in breaches. Are brands responsible for educating their customers?
Shopify’s push to diversify its offerings is starting to work: The company’s expanding Merchant Solutions division, which includes services such as payments, lending, and shipping, helped drive 22% growth in revenues.
Shareholders mad at Meta over strategy: The tech giant launches AI tools to help build the metaverse. It’s a long-game strategy that irks investors with little to show after a $15B expenditure.
Google and Amazon at war: Amazon accuses Google of anticompetitive practices. It’s a sign of tension among Big Tech companies as the economy worsens and regulators tighten their grip.
The repercussions of China’s leadership overhaul: Markets in China, Hong Kong, and New York plunge over worries that Xi Jinping’s consolidation of power could further confound investment in Big Tech.
Big Tech’s one-track mind: Google and Microsoft may be slashing expenses, but they’re not holding back when it comes to AI. Cloud providers and GPU makers could be the winners.
TSMC carries the weight of the world: The chip maker could go offline if China invades Taiwan, potentially crippling the global economy. The US-China tech cold war is escalating risks.
No PhD? No problem for quantum computing: Q-CTRL’s Black Opal provides businesses with quantum skills without the math and ivory tower jargon. CEO Michael Biercuk told us why it’s important.
New social media app earns top status two months after launch: Gas became the most downloaded Apple Store app. Can it sustain the attention in a crowded social media field?
Key developments in 5G networks: Mobile service in Canada could become more affordable; two of Thailand’s biggest carriers merge; Verizon tumbles on plunging subscribers; and Boeing chooses AT&T and T-Mobile.
The pace of automation in retail is increasing. For example, retail drones will expand from nearly 35,000 in 2022 to over 110,000 in 2024, our latest forecast shows. That growth means the industry has the opportunity to improve efficiencies and meet growing consumer demand for better, faster service.