Tech Brew Ride Home Thu. 10/17 – Sigh Of Relief From Chip Stocks
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Oct 17, 2024 Amazon is diving into the world of modular nuclear reactors, investing over $500 million. TSMC's upbeat revenue outlook signals a positive shift for the chip industry. Uber is exploring a bold move to buy Expedia, aiming to become a super app. Meta is laying off employees over misuse of meal benefits, raising eyebrows in the tech community. Plus, a new console inspired by the Nintendo 64 promises 4K upscaling and nostalgia-fueled gaming for fans.
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Amazon Goes Nuclear
- Amazon is investing heavily in small modular nuclear reactors (SMRs) to power its data centers and achieve net-zero carbon emissions.
- This follows a trend of tech companies turning to nuclear energy for their growing energy needs, including Google and Microsoft.
TSMC's AI Boom
- TSMC's strong Q3 results, driven by AI chip sales, have boosted chip stocks and calmed investor fears.
- TSMC's CEO believes AI chip demand is real and just beginning, despite recent concerns about overall chip demand.
Easy Cancellations
- Businesses must now make subscription cancellations as easy as signing up, thanks to the FTC's "click-to-cancel" rule.
- This combats shady subscription practices and applies to various services, including gym memberships and streaming subscriptions.