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Here are the top technology stories around the world for December 6, 2023.
1. Elon Musk’s XAI raises $1 billion
Elon Musk’s xAI files for a $1 billion equity offering with the U.S. securities regulator. The company has already raised $134.7 million, reflecting the ongoing investor interest in AI startups, despite regulatory concerns about the technology’s misuse for spreading misinformation. (Reuters)
2. IPhone 13 and 14 gain Qi2 support
iOS 17.2 brings Qi2 wireless charging support to iPhone 13 and 14 models, enhancing charging speed up to 15W, akin to MagSafe. While the exact charging speed for these models is yet to be confirmed, it’s expected to align with Qi2’s capabilities. The update also introduces various features and fixes. (The Verge)
3. Apple looks to source iPhone 16 batteries from India
Apple has informed its component suppliers about its preference to procure batteries for the upcoming iPhone 16 from Indian factories. This decision aligns with Apple’s strategy to diversify its supply chain and reduce reliance on Chinese manufacturing. Apple has also expressed concerns to the Indian government about aligning with the EU’s universal charging port directive, potentially impacting its local production goals under the PLI scheme. (Business Today)
4. Microsoft Bing enhances search with ‘deep search’
Microsoft Bing enhances search with ‘Deep Search,’ powered by OpenAI’s GPT-4, offering more detailed and relevant answers to complex queries. It handles ambiguity, displays multiple intents, and retrieves less common but pertinent results. Deep Search is optional and may take up to 30 seconds, ideal for users seeking comprehensive information. (TechCrunch)
5. NIO plans battery production spin-off
Chinese electric vehicle manufacturer Nio is planning to spin off its battery production unit. This strategic move aims to streamline operations and focus on EV manufacturing while potentially attracting investment into the battery business. (Reuters)
6. Reddit bug adds slurs to Google links
A Reddit bug allows slurs in URLs, sometimes showing up in Google results. Reddit is aware of the issue and working on a fix. Google is also taking steps to prevent this from happening again. (The Verge)
7. Bytedance offers $5 billion share buyback
ByteDance, the parent company of TikTok, is proposing to buy back up to $5 billion from investors at a $268 billion valuation, offering $160 per share. This move comes as ByteDance aims to reacquire shares from investors, maintaining its position among the world’s top 40 most valuable public companies. (Bloomberg Law)
8. Microsoft to offer paid Windows 10 security updates
Microsoft to provide paid Extended Security Updates (ESU) for Windows 10 in 2025, marking the first time individuals can pay for security patches. Windows 10 support ends in October 2025. (The Verge)
9. Nvidia collaborates with US on China chips
Nvidia is ensuring its new chips for the Chinese market comply with US export restrictions. Nvidia, with over 90% of China’s $7 billion AI chip market, expects a Q4 sales decline in China due to new US rules. The launch of a China-focused AI chip has been delayed to align with these regulations. (South China Morning Post)
10. Rapper Bad Bunny criticizes AI copycat hits
Rapper Bad Bunny has expressed frustration with AI-generated songs copying his style and going viral. The artist is calling out the lack of creativity and authenticity in these AI-generated tracks, highlighting concerns over the impact on the music industry. (The Economic Times)
11. Spotify to cut 1,500 jobs
Swedish music streaming giant Spotify plans to cut 1,500 jobs, representing 17% of its workforce, as part of a cost-cutting effort. CEO Daniel Ek cited slowing economic growth and the need to rightsize costs. (BBC)
12. Hong Kong AI lab targets clothing waste reduction
A Hong Kong-based research team has created color-changing fabric embedded with a tiny camera and powered by artificial intelligence. This technology aims to reduce clothing waste by allowing users to change the color of their garments with simple gestures, providing more color choices for a single item of clothing. (Reuters)
