Business

In light of Unity’s recent announcement

Panos Panay, who was a key figure at Microsoft as chief product officer responsible for the development of Windows and the Surface line of devices, is leaving his position, reports The Verge. The news was confirmed by Rajesh Jha, Microsoft’s vice president of experience and devices, in an internal email ... Read more

Foxconn continues to diversify its production by moving part of its production capacity from China to other Asian countries. According to Reuters, the company plans to double its investment and the number of employees in India over the next 12 months. Foxconn’s representative in India, Wee Li, wrote about this ... Read more

The emergence of streaming services has not only transformed the music business, but also changed music itself. This is stated in the book “Key Changes: Ten Times Technology Transformed the Music Industry by Howie Singer, former chief strategic technologist at Warner Music Group, and Bill Rosenblatt, president of the consulting ... Read more

After almost a week of indie developers’ resistance to Unity’s new pricing policy, which was supposed to take effect on January 1, the company announced that it was preparing changes to the controversial innovations. “We have heard you. We apologize for the confusion and angst the runtime fee policy we ... Read more

Tech leaders including Bill Gates, Satya Nadella, Sundar Pichai, Sam Altman, Mark Zuckerberg, and Elon Musk met with the US Senate to discuss the future of artificial intelligence regulation, writes Engadget. In total, more than 20 industry representatives and civil society leaders spoke to lawmakers at the meeting initiated by ... Read more

Google is cutting hundreds of jobs in its global recruiting organization. This was stated by Brian Ong, the company’s vice president of recruiting, according to CNBC. “We unfortunately need to make a significant reduction to the size of the recruiting organization,” he said during the meeting. It wasn’t an easy ... Read more

The Swedish company Embracer is considering the possible sale of Gearbox Entertainment, which created the popular first-person shooter Borderlands. This is reported by Reuters with reference to informed sources. According to them, Embracer is working on this issue together with Goldman Sachs and Aream & Co. It is also reported ... Read more

The European Commission has defined companies and services that fall under the category of “gatekeepers” within the European Digital Markets Act (DMA). This is stated in the official EU report. The list includes 6 technology companies: Alphabet, Amazon, Apple, ByteDance, Meta, Microsoft. The list of services includes: social networks (TikTok, ... Read more

Apple and Microsoft are arguing with Brussels over whether iMessage and Bing should be classified as gatekeepers under the new European legislation, writes Financial Times. We are talking about the Digital Markets Act (DMA). If companies meet certain criteria set by this document, they fall into the category of “gatekeepers”. ... Read more

Processors are the new oil, and every country wants to have its own development and production of semiconductors. Despite the fact that there are many high-tech industries in China, China’s hi-end processors are not very good, especially after the restrictions imposed by the US government. Therefore, China is introducing its ... Read more

The actors’ guild SAG-AFTRA has authorized its members to go on strike against game studios. However, this does not mean that the protest will actually take place, writes The Register. The agreement between the union and gaming companies, including Activision, Epic Games, and Electronic Arts, expired last fall. But it ... Read more

Spotify is preparing to disable white noise podcasts from its Ambassador Ads monetization program, which allowed them to earn tens of thousands of dollars, starting October 1. This is reported by Engadget with reference to Bloomberg. Under this program, the streaming service pays podcast creators to read advertisements for the ... Read more

Elon Musk announces the intention of Company X to file a lawsuit against the Anti-Defamation League (ADL) for defamation, reports TechCrunch. The billionaire accused the ADL, an organization that fights anti-Semitism, of falsely accusing him and X of anti-semitism. “To clear our platform’s name on the matter of anti-Semitism, it ... Read more

YouTube’s management is concerned that YouTube Shorts may displace traditional long-form content. This is reported by The Verge with reference to The Financial Times (access by paid subscription). Long videos have been profitable for almost two decades. However, for three quarters in a row, this figure declined year-on-year. However, the ... Read more

More and more details are becoming available about the intentions of tech billionaires to create a utopian city in California. The details of the ambitious project are revealed by the San Francisco Chronicle. It’s called California Forever and has already gotten its own website. Here is a visualization of the ... Read more

Ukrainian entrepreneurs will continue to sell goods on Amazon without commission. This was announced by Vice Prime Minister for Innovation, Education, Science and Technology Mykhailo Fedorov on Telegram. “The company has extended the preferential conditions for businesses from Ukraine for another year. Entrepreneurs will not pay a commission of 7-17% ... Read more

Terry Gou, the founder of Foxconn and one of Taiwan’s richest men, has announced his candidacy for the 2024 presidential election. This is the businessman’s second attempt to run for president, writes Про це пише Insider. Answering a journalist’s question about how he would respond to pressure from Beijing over ... Read more

It sounds a bit unexpected, but as of now, the third largest automaker in the world by capitalization is Vietnamese Vinfast, which has overtaken such well-known companies as Porsche, BYD, Mercedes-Benz, BMW, Volkswagen, Stellantis, Ferrari, and others. The only ones VinFast Auto is currently inferior to are Tesla and Toyota, ... Read more

According to well-known analyst Ming-Chi Kuo, Apple plans that the premium iPhone 15 Pro Max model will account for approximately 35-40% of the initial shipments of the entire iPhone 15 series. This will make the Pro Max the most dominant model among the four variants of the line. Apple also ... Read more

A unit of the Chinese automaker BYD Co. will acquire the assets of the American company Jabil Inc. in China for 15.8 billion yuan ($2.2 billion), writes Bloomberg. The agreement is signed by the electronics division of BYD Electronic International Co. As part of the arrangement, it will receive Jabil ... Read more

A group of wealthy and recognizable leaders hopes to use the land they have acquired outside of San Francisco to build an entirely new city, writes The Verge with reference to The New York Times and Bloomberg. This is the conclusion reached by local officials when they investigated who is ... Read more

According to a report by research company Omdia, Apple’s iPhone 14 Pro Max was the best-selling smartphone in the first half of 2023, with sales of 26.5 million units. It is followed by the iPhone 14 Pro, which has sold 21 million units, CNBC reports. In addition, Apple generally dominates ... Read more

BioWare has announced that it will lay off approximately 50 employees, or about 20% of its total workforce (according to the latest employment data), as part of a “transition to a more agile and more focused studio.” This was pointed out by Eurogamer. Among those fired are Lucas Christianson, the ... Read more

According to Taiwanese media, ASUS has decided to discontinue the Zenfone series, which may make Zenfone 10 the last smartphone in the line. According to insiders, ASUS is undergoing a significant organizational restructuring. This led to a reduction in the number of employees in the company’s computer technology department in ... Read more