Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Tech

Apple shares dive following reports of iPhone 13 chip shortage

Published

on

There could be some production delays to the new iPhone 13 range

Apple’s shares dropped on Tuesday following reports it could slash its iPhone 13 production targets due to the ongoing global computer chip shortage.

Apple expected to make 90 million iPhones in the last quarter of 2021, but that target has been dramatically slashed on the back of the global chip shortage.

The tech giant has been forced to tell its partners that the total will be lower by as many as 10 million units.

Millions of products across multiple industries today rely on computer chips to operate

Those that make semiconductor chips are currently working flat-out to meet demand.

Stocks in semiconductor manufacturers Broadcom and Texas Instruments were also down 1%, as sources said they were struggling to deliver enough chips to Apple in time.

Smartphone makers like Apple – some of the biggest chip purchasers in the world – have been severely impacted, but also other sectors like the car industry and the makers of video game consoles.

Continue Reading

Tech

Trump extends TikTok sale deadline by 90 days

Trump extends TikTok’s sale deadline to US owner by 90 days, ensuring continued access for American users.

Published

on

Trump extends TikTok’s sale deadline to US owner by 90 days, ensuring continued access for American users.

In Short:
President Trump extended the deadline for TikTok’s parent company, ByteDance, to sell the app to an American owner by 90 days, allowing it to operate in the U.S. until September 17, 2025. He hopes for a deal with China while maintaining TikTok’s presence for its 170 million U.S. users amidst security concerns.

President Donald Trump has extended the deadline for TikTok’s parent company, ByteDance, to sell the app to an American owner by another 90 days.

The executive order signed by Trump allows the Chinese company to continue operating in the U.S. until September 17, 2025. Trump announced the extension on Truth Social, expressing hope for a deal with Chinese President Xi Jinping.

During a flight on Air Force One, Trump suggested that Xi would be willing to approve a sale if a buyer appeared. White House Press Secretary Karoline Leavitt emphasised the administration’s aim to keep TikTok available for American users while ensuring data security.

TikTok has approximately 170 million users in the U.S., with declining support for a ban, according to Pew Research. An initial ban on the app, instituted under the Biden Administration over national security issues, briefly took effect but was reversed after Trump indicated he would allow TikTok to continue.

TikTok has asserted that it does not pose any security threats to the U.S. and that American data is not stored in China. Following the extension, users have returned to TikTok, with reduced engagement on competing platforms.

Past potential buyers include Amazon and Reddit co-founder Alexis Ohanian, though no sale was finalised due to trade tensions. Under U.S. law, ByteDance must sell TikTok to a U.S. buyer, but the company has remained silent about its intentions.

Continue Reading

Tech

Smart glasses could replace smartphones by 2035

“Experts predict smart glasses powered by AI will replace smartphones by 2035, transforming our tech interactions.”

Published

on

“Experts predict smart glasses powered by AI will replace smartphones by 2035, transforming our tech interactions.”


Smart Glasses Could Replace Smartphones by 2035 — Experts say wearable tech powered by AI is on track to replace smartphones within a decade. T

These sleek, voice-first devices are poised to transform how we interact with technology, with tech giants investing heavily in the space. Will your next phone fit on your face?

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#SmartGlasses #TechRevolution #AI #Wearables #FutureTech #BigTech #VoiceFirst #NextGenDevices

Continue Reading

Tech

AI will reduce Amazon workforce, CEO Andy Jassy predicts

Amazon CEO predicts AI will shrink workforce, altering job types, but won’t lead to immediate mass layoffs.

Published

on

Amazon CEO predicts AI will shrink workforce, altering job types, but won’t lead to immediate mass layoffs.

In Short:
Amazon CEO Andy Jassy warns that advancements in artificial intelligence may reduce the workforce over time, primarily through attrition rather than mass layoffs. Many industries, including retail, are adopting AI, which could lead to job cuts while creating new specialised roles.

Amazon CEO Andy Jassy has indicated that advancements in artificial intelligence (AI) will likely lead to a decrease in the workforce within the company in the coming years.

In a recent communication to employees, Jassy described generative AI as a transformative technology that is already changing Amazon’s operations and customer interactions.

While he did not specify the exact extent of job reductions, he acknowledged that improvements in efficiency through AI would result in fewer roles.

Upcoming changes will primarily occur through attrition rather than mass layoffs, as seen in previous years. Certain teams may face layoffs, particularly those related to products like Alexa.

Impacts of AI

Jassy’s remarks are among the strongest from a large corporation regarding the potential impacts of AI on employment.

Various industries, including retail and pharmaceuticals, are adopting AI for multiple functions, which necessitates new job roles but also implies potential job cuts.

Surveys show a significant percentage of employers anticipate downsizing their workforce as a result of AI.

In the tech sector, many companies are prioritising the hiring of individuals with AI skills, as AI tools become integral to business efficiency.

Amazon plans to heavily invest in AI infrastructure. Jassy noted that the company is developing over 1,000 AI agents to enhance its productivity.

Continue Reading

Trending Now