Weekend Tech Innovation Roundup July 27, 2024
Weak president Donald Trump isn’t one to mince phrases. The brash Republican nominee for president has made it clear he’s not a fan of electrical autos or trim vitality and promised to “drill, minute one, drill” for extra oil. Nonetheless what would a 2d Trump administration mean for the EV alternate? – William Gavin Study More
Amazon’s procedure to type cash thru its Alexa-enabled devices has reportedly not paid off — and is frequently shedding the firm billions of dollars.
The online retail huge misplaced over $25 billion from its Echo, Kindle, and other devices from 2017 to 2021, the Wall Toll road Journal reported, citing inner paperwork and unnamed of us conversant within the topic. Whereas Amazon counts a total bunch of millions of shoppers for its devices, its Alexa-enabled Echo speakers are reportedly dilapidated extra for environment alarms and other free apps, and no more for buying on Amazon. – Britney Nguyen Study More
Spotify reported but another quarter of chronicle profits 365 days after it raised the price of its Top class plans for the important time ever.
The Swedish audio streaming firm reported an working earnings of 266 million euros ($289 million) within the 2d quarter, when put next with a loss of 247 million euros ($268 million) a year ago. Month-to-month active customers grew 14% yearly to 626 million. – Rocio Fabbro Study More
Google’s intellectual offer to amass up a cybersecurity startup seems to occupy fallen short.
TechCrunch, citing an unnamed source conversant within the topic, reviews that Wiz rejected Google’s $23 billion acquisition offer.
“Asserting no to such humbling affords is anxious, but with our distinctive crew, I feel assured in making that different,” CEO Assaf Rappaport, mentioned in an email to Wiz’s 1,200 workers. He mentioned that though he become flattered by the offer, the firm’s management crew has determined to continue building Wiz — and work towards an IPO. – Rocio Fabbro Study More
Wiz chickening out of the Google deal could occupy mammoth implications for Microsoft, analyst says
Wedbush analyst Dan Ives says tech giants are potentially taking a gaze to toughen their cybersecurity corporations
Elon Musk on Tuesday mentioned that Tesla will preserve its robotaxi unveiling — which is widely considered as a product demonstration, not a originate — on Oct. 10, a minute bit extra than two months after its planned date. – William Gavin Study More