Posted September 07, 2021
By Ray Blanco
Tesla Searching for an AI Edge
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.
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.
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.
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.
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.
To a bright future,
Chief Technology Expert, Technology Profits Daily