Let's Spill The Tea: Top Consumer Tech News From Last Week That You Should Know (April 13-20, 2024)
Portfolio Pulse from Lekha Gupta
Last week in consumer tech saw Alphabet's Google employees protest a cloud contract, SpaceX's Elon Musk accepting a challenge from Roscosmos, and a Texas judge halting an investigation into Media Matters. Sony is releasing a new PS5 version, a Star Wars-Fortnite crossover is announced, and Nintendo showcased indie games. EA plans a Black Panther game, and Apple faces a decline in iPhone shipments but explores manufacturing in Indonesia. Huawei launches new smartphones, Meta's Llama 3 AI model excels in tests, and Spotify's AI DJ personalizes music streaming. Amazon's Twitch to launch a TikTok-style feed, and Microsoft's investment in OpenAI won't face EU investigation.
April 21, 2024 | 3:01 pm
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POSITIVE IMPACT
Amazon's Twitch is set to launch a TikTok-style discovery feed, aiming to enhance user engagement.
Twitch's introduction of a TikTok-style discovery feed is expected to increase user engagement and time spent on the platform, potentially driving higher ad revenues and positively impacting Amazon's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's $13 billion investment in OpenAI will not face a formal investigation by the EU, alleviating regulatory concerns.
The absence of a formal EU investigation into Microsoft's investment in OpenAI removes a significant regulatory hurdle, likely positively impacting Microsoft's stock in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Sony is preparing to release a more powerful version of its PlayStation 5 console by the end of this year.
The announcement of a new, more powerful PS5 version can boost consumer interest and potentially increase sales, positively impacting Sony's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Spotify's AI DJ feature aims to personalize the music streaming experience for its 600 million subscribers.
The introduction of an AI DJ feature by Spotify represents an innovative step in personalizing user experience, likely to enhance subscriber satisfaction and retention, positively impacting Spotify's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Meta's new AI model, Llama 3, outperforms others in tests, but faces accusations of spreading false information by Oculus VR founder.
While Meta's advancement in AI with Llama 3 could be seen as a positive development, accusations of spreading false information could harm its reputation, balancing out potential stock impacts.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Apple's iPhone shipments fell by nearly 10% in the first quarter, while it explores manufacturing in Indonesia.
A significant decline in iPhone shipments indicates potential challenges in Apple's dominant market position, likely affecting its stock negatively in the short term. However, exploring manufacturing in Indonesia could mitigate some negative impacts by potentially reducing costs.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Google employees protested a $1.2 billion cloud contract with Israel, leading to arrests and administrative leave.
Employee protests, especially those leading to arrests, can negatively impact public perception and potentially disrupt operations, affecting Alphabet's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80