(Bonus) Did Tech Recover This Year? With Big Technology
Oct 28, 2023
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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.
Self-driving cars have made significant progress and have the potential to reshape cities.
The rivalry between OpenAI and Meta reflects the desire to control the future of AI.
Interest in the cryptocurrency space has declined, but potential future developments could reignite excitement.
Apple's upcoming event is anticipated to showcase the M3 chip with improved performance and power efficiency.
Deep dives
Big Technology launches new premium edition podcast
Big Technology is launching a new premium edition with a new monthly podcast. The premium edition will offer more in-depth coverage, new features, and new podcast formats. It will include a monthly podcast called 'Big Tech War Stories' where guests who've worked in big tech companies will share their experiences and insights. Big Technology is also introducing 'The Panel', featuring tech experts discussing news as it happens, and a new Amazon column from an industry insider. The launch special offers a 30% discount on the annual subscription.
The emergence of self-driving cars
The podcast episode discusses the advancement of self-driving cars, highlighting the significant progress they have made. It mentions Waymo's expansion of its operation in Phoenix, San Francisco, and LA. The speaker notes that self-driving cars have the potential to reshape cities and change the way people commute. They compare it to the paradigm shift introduced by mobile phones and emphasize its promising future.
OpenAI versus Meta on AI technology
The podcast delves into the ongoing competition between OpenAI and Meta concerning AI technology. OpenAI, known for its chat GPT model, has shifted towards a closed approach, withholding information about training data and fine-tuning. On the other hand, Meta offers open-source algorithms and APIs to nurture innovation and differentiation in the market. The speaker suggests that Meta, with its AI capabilities and massive user data, is well-positioned to challenge OpenAI's dominance. This rivalry reflects the desire to control the future of AI and capitalize on its potential.
The waning interest in crypto
The podcast acknowledges the decline of interest and energy around the cryptocurrency space. It highlights how the enthusiasm and buzz that once surrounded crypto has subsided, while acknowledging potential future developments. The conversation touches on the need for a new idea or innovation to rekindle excitement in the crypto ecosystem.
Upcoming Apple event and a focus on the M3 chip
The podcast anticipates Apple's upcoming event, titled 'Scary Fast,' where new Mac products are expected to be announced. The discussion focuses on the significance of the M3 chip, speculating that it will be a highlight of the event. The M3 chip is believed to offer improved performance and power efficiency, thereby enhancing the user experience on Mac machines.
Apple unveils new products and earnings report
Apple recently introduced a refresh across its entire M3 lineup. The company also reported its earnings for the quarter, generating $50 million in revenue and surpassing previous estimates. The tech giant is making significant investments in self-driving car technology and has announced upcoming interviews with key figures in the industry. The introduction of a new Folding iPhone and Touchscreen Apple Watch are highly anticipated by consumers.
Spotify announces new royalty model
Spotify is implementing a new royalty model that aims to address concerns about artist compensation. The streaming platform plans to allocate $5 million annually in royalties to independent artists. The move has received praise from music business experts, and it is hoped that the revised model will provide fairer compensation for creators. The changes come as Spotify faces increased competition from other streaming platforms and explores new revenue streams in podcasting and audiobooks.
We started this year with layoffs and the whole "Tech Recession" narrative. So, as we wind up the year, did tech recover this year, and if so, how? Also, self-driving cars and speculation on Monday's Apple event.
