Tech Brew Ride Home Thu. 05/05 – Elon To Be Twitter CEO?
May 5, 2022
Elon Musk secures major investments for his Twitter takeover and hints at becoming CEO. Google’s acquisition of a MicroLED display company sparks excitement for advances in augmented reality. Sonos gears up to launch its own voice assistant, focusing on user privacy. Meanwhile, Meta faces a hiring slowdown while Cameo cuts nearly 90 jobs due to unmet revenue goals. Plus, concerns grow over quantum computing's ability to compromise encryption, prompting action from the White House to address these potential risks.
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Funding Secured for Twitter Bid
- Elon Musk secured $7.14B for his Twitter bid from various investors, including Larry Ellison and Binance.
- This reduces Musk's personal loan and the need to sell Tesla stock.
Twitter Employee and Advertiser Concerns
- Twitter employees are disgruntled, facing a potential talent exodus due to Musk's acquisition.
- Advertisers are concerned about brand safety with looser content moderation under Musk.
Google Acquires Raxiom for AR/VR
- Google acquired Raxiom, a micro-LED display company, for AR/VR development.
- Raxiom's technology is energy-efficient, potentially leading to smaller, lighter AR/VR devices.