There are plenty of exciting tech stories to cover this week as we move further into the Fall. 

Consumer spending on social media continues to skyrocket as the leaders battle it out for the biggest user base. 

There’s also big news coming from Tesla and an Apple keynote event to look forward to.

Read below for everything I have my eye on this week…

1. Consumer Spending on Social Apps Skyrockets 

The content creator economy is growing at an exponential rate.

New forecasts estimate that consumer spending within social apps will climb from its current $6.78 billion to $17.2 billion by 2025.

Currently, the US holds the lead on social app spending, followed by Japan.

Much of this growth is driven by live streaming platforms such as Twitch, which allows users to donate directly to streamers.

2. TikTok is Coming for Youtube’s Crown

Continuing with news about social media platforms, the Youtube vs. TikTok battle is becoming the one to watch right now. 

Youtube is currently the largest video app available, but TikTok is rapidly growing its user base with an overtake in sights.

While Youtube also maintains the lead on total watch time, TikTok has already taken the lead for monthly average use per user.

Will Youtube be able to maintain its lead?

3. Intel Subsidiary Planning to Launch Robotaxi Service

Mobileye, an Intel subsidiary, is planning to launch a robotaxi service in Germany next year. 

The service will be leveraging on assets Intel purchased or developed over the past year.

However, this service won’t have wide scale availability to start out.

Mobileye robotaxis are expected to kick things off with an early-rider test program on Munich streets in 2022.

4. Apple Prepares to Unveil Latest Tech

Throughout each year, Apple hosts big keynote events to showcase its latest technology. 

These events are usually some of the most talked about in the tech world. 

Between new iPhones and upgraded Apple silicon, there will no doubt be plenty of coverage on the event.

Apple's big fall event will take place Tuesday, September 14th.

5. Tesla Developing Chips to Help Train its Self-Driving Tech

Designing and developing AI is certainly a costly and time-consuming process. 

EV tech giant Tesla’s latest endeavour into the AI world is designing custom chips to facilitate that process.

According to Elon Musk, squeezing more performance out of the computer system used to train the company’s neural network will be key to progress in autonomous driving.

Tesla is now the latest company searching for an AI edge by developing custom chips.

To a bright future,

Ray Blanco
Chief Technology Expert, Technology Profits Daily
AskRay@StPaulResearch.com