What's New In the Consumer Tech World Last Week? News That You Should Know (June 30 - July 5, 2024)
Portfolio Pulse from Lekha Gupta
The Biden administration announced a $504 million funding package for 12 regional tech hubs. California lawmakers are voting on a bill for AI safety regulations, opposed by Meta and Alphabet. Epic Games plans to relaunch 'Fortnite' on its own iPhone app store in the EU. Sega Sammy and Capcom announced new developments in their gaming franchises. Microsoft’s Xbox Game Pass has an exciting new lineup. Apple extended the deadline for iPhone 7 users to claim a settlement and declined Meta's AI chatbot proposal. Samsung introduced a new chipset for its Galaxy Watch. The EU may charge Meta with digital regulation breaches. SK Group plans significant investments in AI and semiconductors. Elon Musk shared updates on his AI chatbot, Grok.
July 07, 2024 | 11:40 pm
News sentiment analysis
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POSITIVE IMPACT
Microsoft's Xbox Game Pass subscribers have an exciting new lineup to look forward to.
The new lineup for Xbox Game Pass could attract more subscribers and boost Microsoft's gaming revenue, positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Elon Musk disclosed that Grok 3 will be trained on 100,000 Nvidia H100 chips.
The use of Nvidia's H100 chips for training Grok 3 highlights the demand for Nvidia's AI hardware, potentially boosting its sales and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Apple extended the deadline for iPhone 7 users to claim a settlement and declined Meta's AI chatbot proposal.
Extending the settlement deadline is a neutral event, while declining Meta's AI chatbot proposal shows Apple's strategic focus on its own AI initiatives.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
Elon Musk shared updates on his AI chatbot, Grok, and reacted to an old video of Geoffrey Hinton.
While interesting, these updates are not directly related to Tesla's core business and are unlikely to have a significant impact on its stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40
NEGATIVE IMPACT
Alphabet is opposing a California bill for stringent AI safety regulations.
Alphabet's opposition to the AI safety bill could lead to regulatory challenges, potentially affecting its operations and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Meta Platforms is opposing a California bill for stringent AI safety regulations and may face charges from the EU for digital regulation breaches.
Meta's opposition to the AI safety bill and potential EU charges could lead to increased regulatory scrutiny and potential fines, negatively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80