Tech Brew Ride Home Tue. 06/04 – Wait. Why More Layoffs?
Jun 4, 2024
Tech news heats up with significant layoffs at Microsoft, stirring questions about the shifting landscape. Instagram stirs controversy with its new unskippable ads, challenging user engagement. Meanwhile, Samsung preemptively sues Oura to protect its smart ring innovations. In a nostalgic twist, Palmer Luckey dives into retro gaming by launching a modernized Game Boy, bringing classic gaming back to life with upgraded features. The battle for AI chip dominance intensifies, showcasing the fierce competition between major tech brands.
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Intel's AI Outlook
- Intel's CEO, Pat Gelsinger, believes Moore's Law is not dead and Intel will play a significant role in the AI boom.
- Despite Intel's optimism, analysts predict slower growth for Intel compared to NVIDIA and AMD in the AI hardware market.
Keith Gill and GameStop
- E-Trade considers banning Keith Gill (Roaring Kitty) over stock manipulation concerns after GameStop's 60% surge.
- Regulators are also scrutinizing Gill's activities and potential market manipulation through social media influence.
Microsoft Azure Layoffs
- Microsoft lays off hundreds of Azure employees, potentially signaling AI-related restructuring despite record profits.
- Layoffs aim to control costs and maintain profit margins amidst heavy AI infrastructure investments.