Tech Brew Ride Home Wed. 02/05 – Shein And Temu In Deep Trouble
52 snips
Feb 5, 2025 Temu and Shein face major challenges following a USPS suspension, affecting their e-commerce operations. Alphabet disappoints with earnings but sparks interest in Nvidia. Google and Meta diverge in their AI strategies, adjusting to ethical concerns and risk classifications. Ransomware payments are plummeting as victims show resilience. Plus, Apple launches a new event planning app to enhance user experience. Tune in for insights on these pressing tech developments!
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Trouble for Temu and Shein
- Temu and Shein face significant challenges due to new US tariffs and increased scrutiny from Customs and Border Protection.
- These challenges extend beyond the companies themselves, potentially impacting the online advertising market due to their substantial ad spending.
Alphabet's AI Spending
- Alphabet's Q4 earnings showed revenue growth but also a significant increase in capital expenditure, largely attributed to AI investments.
- While this concerned some investors, the investment in AI infrastructure also presents a positive sign for the company's commitment to AI.
Google Revises AI Principles
- Google revised its AI principles, removing its pledge not to pursue AI applications for weapons and surveillance.
- The change reflects the growing global competition in AI and Google's intention to support government and national security clients.