Tech Brew Ride Home (Bonus) Did Tech Recover This Year? With Big Technology
Oct 28, 2023
Brian McCullough, the host of the TechMeme Ride Home podcast, dives into crucial shifts in the tech landscape over the past year. He discusses the recovery narrative amid layoffs, emphasizing how companies like Meta are focusing on innovation. The conversation shifts to the rise of self-driving cars and the impact of Apple’s upcoming event, speculating on their latest tech advancements. McCullough also examines the implications of AI rivalries, particularly between Meta and OpenAI, hinting at their contrasting strategies in shaping the future.
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Big Tech's 2023 Recovery
- Big tech companies recovered in 2023, exemplified by Meta's stock rebound and strategic shifts.
- They adapted to market demands through cost-cutting and a renewed focus on innovation, particularly in AI.
Meta's Metaverse Commitment
- Meta's commitment to the Metaverse continues, despite less public emphasis, with increased spending and new VR technology like Oculus Quest 3.
- Their ad product rebounded from Apple's anti-tracking changes, contributing to a business-as-usual approach.
Amazon's AI Strategy
- Amazon, under Andy Jassy, addressed its slow AI adoption with a significant investment in Anthropic, positioning AWS as a central hub for AI models.
- AWS faces slowing growth amidst competition from Google Cloud and Azure, while dealing with pandemic-related overbuilding.