Weekend Tech Innovation Roundup January 27, 2024
A roundup of the latest developments and trends in the world of tech and innovation.
Tech layoffs are already on pace to surpass last year after another brutal week
Amidst the rapid pace of technological advancement, the tech industry is witnessing a surge in layoffs, potentially surpassing the numbers from the previous year.
It’s expensive to replace humans with AI, MIT says
Recent advancements in artificial intelligence have sparked concerns about job displacement. However, a study from the Massachusetts Institute of Technology (MIT) suggests that most jobs are currently too costly to automate with AI, providing a reassuring perspective for human job security.
Netflix password-sharing crackdown and price hikes will drive revenue ‘for years’
Netflix’s measures to curb password-sharing, euphemistically termed as ‘paid sharing,’ have proven to be a lucrative move, driving substantial revenue for the company. The implementation of these measures has yielded immediate and sustained financial gains.
TikTok workers feel tech’s troubles as the company cuts 60 jobs
The popular social media app, TikTok, owned by Chinese company ByteDance, has announced the layoff of 60 employees across multiple locations, reflecting the broader challenges faced by tech industry workers amidst ongoing disruptions.
Tesla’s time in the sun is over as EV imports are soaring
Tesla’s recent shareholder letter indicates a potential slowdown in vehicle volume growth compared to previous years. CEO Elon Musk has urged investors to look beyond 2024, highlighting upcoming growth waves tied to the expansion of existing vehicle models and the introduction of more affordable next-generation vehicles.
Apple’s Vision Pro headsets are ‘still very niche’ despite a sellout in pre-ordering, expert says
Despite a sellout in pre-orders, experts suggest that Apple’s Vision Pro headsets remain confined to a niche market, signaling potential limitations in broader consumer adoption.
