Shifting Investor Interests: AI's Rise Over Declining Tech Markets

New iPad Pros and new Apple TV 4ks. Meta walks away from the Giphy acquisition. Layoffs at Microsoft. High attrition at Amazon. Mobileye is probably going to IPO at a significant discount than people hoped? And why I’ve been telling you that the energy in Silicon Valley is switching to AI startups.

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• Merge Conflict Podcast

Links:

• Apple introduces next-generation iPad Pro, supercharged by the M2 chip (Apple Newsroom)
• Apple announces new 11-inch and 12.9-inch iPad Pro with M2 chip, Apple Pencil hover feature (9to5Mac)
• Apple Announces 10th-Generation iPad With Complete Redesign, 10.9-Inch Display, USB-C, and More (MacRumors)
• Meta gets final order to sell Giphy from UK antitrust watchdog (TechCrunch)
• Microsoft becomes latest tech firm to cut staff (Axios)
• Exclusive: Amazon’s attrition costs $8 billion annually according to leaked documents. And it gets worse. (Engadget)
• Intel Eyes Significantly Lower Valuation in IPO of Mobileye Unit (WSJ)
• Stability AI Raises Seed Round at $1 Billion Value (Bloomberg)

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