What's New In the Consumer Tech World Last Week? News That You Should Know (June 2-June 8, 2024)
Portfolio Pulse from Lekha Gupta
The article covers various developments in the consumer tech world from June 2 to June 8, 2024. Key highlights include Donald Trump joining TikTok, U.S. startups distancing from Chinese investors, and a strategic AI partnership between the UAE and the U.S. In the gaming sector, Take-Two Interactive is closing Intercept Games and Roll7, while Sony's Naughty Dog is working on multiple projects. Netflix postponed a boxing match and announced a new home screen. Apple revealed details about the iPhone 16 Pro and changes to its warranty policy. Qualcomm, AMD, and Intel introduced new chips, and Meta launched new AI tools and faced EU complaints. Elon Musk redirected Nvidia chips to X and xAI, and Palantir hosted AIPCon 4.
June 09, 2024 | 9:53 pm
News sentiment analysis
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NEGATIVE IMPACT
Take-Two Interactive is closing Intercept Games and Roll7, part of a plan to sell or shut down Private Division. Additionally, Rockstar Games is preparing a major update for Grand Theft Auto Online.
The closure of Intercept Games and Roll7 indicates a restructuring that could lead to short-term negative sentiment. However, the upcoming GTA Online update may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Meta introduced new AI tools for businesses using WhatsApp and launched the 'Meta Verified' badge in four countries. The company also enhanced the streaming experience on its Quest VR headsets and faced 11 EU complaints regarding data use.
The introduction of new AI tools and enhancements to Quest VR are positive developments. However, the EU complaints regarding data use may offset some of the positive sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Netflix postponed the Mike Tyson vs. Jake Paul boxing match and announced it would no longer be available on second and third-generation Apple TVs. The company also rolled out a new home screen for TV users.
The postponement of the boxing match and ending support for older Apple TVs may have a neutral impact. The new home screen rollout is a positive step to enhance user engagement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Apple's upcoming iPhone 16 Pro is expected to have the world's thinnest bezels. The company also disclosed the minimum period for security updates and changed its warranty policy on hairline cracks.
The iPhone 16 Pro's new features and the disclosure of security update periods are positive developments. The change in warranty policy may have a minor negative impact but is outweighed by the positive news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
AMD introduced the MI325X accelerator at Computex, expected to be available in Q4 2024, and aims to develop AI chips over the next two years.
The introduction of the MI325X accelerator and plans to develop AI chips are positive developments that could boost AMD's market position.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Intel announced new Lunar Lake chips with enhanced AI processors aimed at Copilot+ AI PCs and data center chips to compete with AMD.
The introduction of new AI-enhanced chips is a positive development that could strengthen Intel's competitive position against AMD.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Elon Musk redirected Nvidia chips initially reserved for Tesla to X and xAI, and xAI plans to construct a supercomputer in Memphis for AI development.
The redirection of Nvidia chips to X and xAI and the construction of a supercomputer for AI development are positive developments that could enhance Nvidia's market position.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Palantir hosted AIPCon 4, where CEO Alex Karp discussed the company's AI work, defense spending, and the potential impact of the 2024 election.
The discussions at AIPCon 4 highlight Palantir's focus on AI and defense spending, which are positive developments for the company's future prospects.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Qualcomm announced new chips that will allow customers to operate their laptops extensively without concerns about battery life.
The introduction of new chips with improved battery life is a positive development that could enhance Qualcomm's market position.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
Sony's Naughty Dog is working on multiple single-player projects, and the company announced a PC adapter for its PSVR 2 headset. Additionally, Sony PS5 boxes have removed the 8K tag.
New projects from Naughty Dog and the PSVR 2 adapter release are positive developments that could boost investor sentiment. The removal of the 8K tag on PS5 boxes is a minor change but worth noting.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80