$52B CHIPS Act closer to becoming law: A convergence of economic and national security policy, the infusion of capital could reduce reliance on foreign technology while paving the way for American innovation.
Abbot’s remote treatment clinic platform cleared in Canada: The app can increase remote access and treatment to patients having difficulty receiving care from healthcare providers due to travel.
TikTok tries to distance itself from its Chinese roots: The app is giving researchers access to its back end in an effort to increase transparency.
Meta’s reversal of fortune: Daily users and ad revenues fall in Q2, while inflation is forcing a price hike on VR headsets, making them less accessible to would-be metaverse users and possibly stalling metaverse adoption.
Inflation hasn’t hurt Spotify yet: Its ad revenue and subscription growth make it an anomaly among tech companies.
Rogers outage was caused by overburdened network: Rogers’ wired and wireless services were inextricably linked when a configuration error took down services nationwide, underscoring the dangers of haphazard consolidation.
There’s no going back to the old Instagram: Video and shopping are the app’s future no matter how much users complain.
100 companies face coronavirus restrictions in China: The Chinese economy is in peril as it scrambles ramp up production of key exports like iPhones and computers in the face of COVID-19 spikes.
Gaming’s rejection of NFTs foreshadows their future: A reputation for scams and fraud have caused consumers and gaming brands to turn away from the technology.
FDA approves clinical wearable that detects atrial fibrillation: We unpack what the news means for managing cardiac conditions.
25 new wearables: Qualcomm’s new chips promise 2x the performance for smartwatches that can last twice as long—but will devices running the chips be able to beat the Apple Watch?
Snap’s Q2 results in one word? Ouch. The social platform’s brutal earnings report foreshadows more bad news to come for rival, ad-reliant platforms.
This year, for the first time, 5G phones will make up the majority, or 56%, of smartphone shipments worldwide. By the end of 2026, their share will grow to 76%. As 5G phones become ubiquitous, their average selling price will decrease by $168 over the next four years.
Samsung stands to gain from foldable surge: The global market is forecast to reach $29B in sales by 2025, and Samsung’s constant iteration on form factor makes it the smartphone maker to beat.
Conversational commerce expands beyond Asia: Companies including Meta are making it easier for businesses to sell via chat.
Facebook eyes a cheaper creator economy: The platform is pivoting away from publishers, but small creator payouts could hurt its plans.
The video game industry tries to clean up its image: Now that marketers are paying more attention, gaming brands have to address harassment campaigns.
The livestream shopping landscape has completely transformed in recent years. QVC, which saw 45% of the downloads among the top 10 US livestream shopping apps two years ago, accounted for just 10% in the first five months of this year. (Apps like YouTube and TikTok were excluded because ecommerce is a secondary feature of their platforms.)
Advertisers look to get into the game: Marketers can exploit the opportunities that video gaming presents to win new customers by identifying their target genre and desired outcomes.