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Intel becomes the latest tech firm to abandon Russia

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Several tech companies have exited Russia or reduced their activities in response to Russia’s invasion of Ukraine

U.S. chipmaker Intel has suspended its operations in Russia after listening to pleas from users.

“Intel continues to join the global community in condemning Russia’s war against Ukraine and calling for a swift return to peace,” Intel says, in a statement.

The company will still support its 1200 employees as they work through business disruption.

This comes a month after Intel announced it will stop shipments to customers in Russia and Belarus.

The exodus has been in response to Ukraine’s request to cloud computing and software companies to completely stop any dealings with Russia so the country’s economy is disrupted.

Several western sanctions have also been imposed causing companies to suspend business in Russia. Apple, Dell, and Microsoft are just a few names among the slew of companies that are no longer selling their products to Russia or doing any business with Russian clients.

The tech exodus has forced Russia to source its technology software needs domestically. This is new for the country as it has previously depended on western tech companies for their owned and operated IT systems, with servers from IBM, Dell, and Hewlett topping the Russian market.

Rijul Baath contributed to this report

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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.

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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.

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Smart glasses could replace smartphones by 2035

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

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“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

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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.

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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.

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