Tech Brew Ride Home Tue. 08/22 – Is Elon Tanking Things On Purpose?
Aug 22, 2023
Microsoft is restructuring its deal to gain UK approval for its Activision acquisition, including selling cloud rights to Ubisoft. The Arm IPO is officially on, signaling significant moves in the chip market. Nvidia's dominance in AI chips persists despite restrictions from the US. Meta's latest AI model can now translate nearly 100 languages, enhancing communication across platforms. Elon Musk's proposed changes to link previews on X could impact user engagement, while Friend.tech launches with explosive user growth, proving resilient in a bear market.
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Microsoft Restructures Activision Deal
- Microsoft is restructuring its Activision deal to appease UK regulators by selling Activision cloud gaming rights to Ubisoft.
- This triggers a new investigation, potentially delaying the deal until October 18th.
Arm Files for NASDAQ Listing
- SoftBank's ARM filed for a NASDAQ listing, reporting $524 million in net income on $2.68 billion in revenue.
- Despite a slowdown in smartphone demand, ARM emphasizes its technology's importance for AI applications.
Nvidia's Dominance in China
- Despite US restrictions, Nvidia's A800 and H800 chips are in high demand in China due to their superior power.
- Chinese internet companies ordered $5 billion worth of Nvidia chips, highlighting Nvidia's strategic position.