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🍎Apple CEO Tim Cook has indicated the company's interest in exploring manufacturing opportunities in Indonesia, aligning with its strategy to reduce dependence on China.
⏺This consideration follows Apple's successful expansion of its manufacturing footprint in Vietnam, which has become a significant hub for Apple products outside China.
⏺Additionally, Apple has doubled its iPhone production in India, now accounting for 14% of its total manufacturing.
⏺This diversification effort comes as Apple faces a 19.1% drop in iPhone sales in China, where Huawei has made a strong comeback, and the overall Chinese smartphone market grows with a focus on AI technology.
#apple
#technology
#china
#Vietnam
@techs
1 022
💬Meta Spokesperson's Trial: A Verdict in Absentia
🚫Andy Stone, the spokesperson for Meta, was sentenced to six years in prison by a Russian court on charges of justifying terrorism.
📌The case, tried in absentia, related to Stone's 2022 comments following Russia's invasion of Ukraine, where he announced a temporary policy allowing certain violent political expressions on Meta platforms.
⚠️Despite Stone clarifying that calls for violence against Russian civilians would remain prohibited, Russian authorities deemed Meta's statement as promoting violence and outlawed the company, blocking access to Facebook and Instagram.
❗️Meta has not commented on the verdict.
#meta
#Facebook
#russia
@techs ✅
1 022
📹The European Commission is considering suspending TikTok Lite's "Task and Rewards" feature, which compensates users for app engagement, due to concerns over its addictive nature, especially among children.
🟡TikTok failed to provide a required risk assessment, prompting the Commission to investigate potential EU law violations and the feature's impact on mental health.
🎙Currently, the program is operational in France, Spain, and some Southeast Asian countries, with age verification measures in place.
#tiktok
#EU
@techs ✅
1 022
📹TikTok is preparing to legally contest a potential US ban if Congress approves legislation that could lead to the app's prohibition.
🫥Michael Beckerman, TikTok's head of public policy, informed employees via a memo that the company would challenge the ban in court once President Joe Biden signs the bill.
⏳The bill, which has already passed the House and is expected to pass the Senate, mandates TikTok's parent company, ByteDance, to divest the app within 270 days or face removal from US app stores.
#tiktok
#US
@techs ✅
1 022
🖥Chinese entities, including universities and research institutes, have acquired high-end Nvidia AI chips through resellers, despite a U.S. ban on such sales to China.
🐍The chips were found in servers from Super Micro, Dell, and Gigabyte, purchased after the U.S. expanded export restrictions.
🐍Nvidia asserts these products were exported before the ban, and server manufacturers claim compliance with laws.
🐍The U.S. Commerce Department monitors for potential violations, while Nvidia and Super Micro pledge to investigate and act if third-party resales breach U.S. export controls.
#Nvidia
#China
#USA
@techs ✅
1 022
🟥Microsoft has launched Phi-3-mini, a new small-scale AI model that offers efficient content creation and social media post generation with less data usage.
⏺Despite its size, it surpasses larger models in language, coding, and math benchmarks. Tailored for businesses with fewer resources, Phi-3-mini simplifies tasks like summarizing documents and analyzing market trends.
⏺It's now accessible on Azure, Hugging Face, and Ollama. This follows Microsoft's $1.5 billion investment in G42 and collaboration with Mistral AI to enhance Azure's offerings.
#Microsoft
#AI
@techs ✅
1 022
Tech Giants Grapple with Internal Struggles and Market Volatility as AI Investments Surge
↪️Major tech firms face internal disruptions and market pressures as they report earnings, with Google and Meta experiencing internal issues, and Tesla announcing layoffs and a product recall.
↪️ The industry is heavily investing in generative AI, anticipated to surpass $1 trillion in market value within ten years, amidst a competitive tech landscape.
↪️ The Nasdaq Composite saw a significant decline, influenced by investor anxieties, marking its largest drop since November 2022, with Nvidia experiencing a notable 14% fall.
↪️ Financial experts suggest that the future of tech stocks might hinge on the upcoming earnings reports, noting that recent market corrections have made valuations more attractive.
@techs 🔗
