Tuesday, October 3, 2023

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☕️ Apple's $17,000 watch is officially obsolete

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This is your daily dose of ☕️ Techpresso, where you get the latest tech news of the day effortlessly.

Here's the latest tech news from the last 24 hours:

🍎 Apple's $17,000 watch is officially obsolete
🔍 Microsoft CEO testifies: it's 'really the Google web'
📱 Meta's $14/month ad-free option in EU
🤖 JPMorgan CEO: our children will probably only work 3.5 days a week thanks to AI
🛰️ FCC has begun fining companies over satellite debris

🍎 Apple's $17,000 watch is officially obsoleteLINK

  • Apple has officially designated its first-gen Edition models, retailing from $10,000 to $17,000 and made with solid gold, as "obsolete", terminating their eligibility for software updates, parts, and servicing.
  • The wearables, launched in 2015 and replaced a year later, were never upgraded to WatchOS 5 and have been added to Apple's list of obsolete products, making them unrepairable at official service provider locations.
  • While celebrities like Karl Lagerfeld and Beyoncé owned these limited-edition luxury smartwatches, those who spent substantial amounts on them without millionaire status may regret not investing in a traditional luxury watch.
  • 🔍 Microsoft CEO testifies: it's 'really the Google web'LINK

  • Microsoft CEO Satya Nadella testified in the ongoing antitrust trial against Google, stating that Google's dominance in the online search space makes it difficult for rivals such as Bing to compete effectively.
  • Nadella expressed concerns that Google's stronghold, including exclusive partnerships, could hinder innovation and opportunities for others in the online search industry.
  • Despite the challenges, Microsoft remains persistent in its efforts to make search more competitive, and is concerned about possible monopolization in the upcoming AI-driven search era.
  • 📱 Meta's $14/month ad-free option in EULINK

  • Meta, the parent company of Facebook and Instagram, is planning to introduce a $14 monthly fee in the EU for ad-free access to Instagram on mobile, or $17 for both platforms on desktop.
  • The move, expected to roll out in the coming weeks, follows regulatory discourse aiming to restrict how tech giants profit from user data, pushing Meta to explore a subscription model.
  • An alternative free version would remain available for users consenting to ad-based targeting, but this decision has sparked controversy, with critics highlighting potential rights issues.
  • 🤖 JPMorgan CEO: our children will probably only work 3.5 days a week thanks to AI LINK

  • JPMorgan CEO Jamie Dimon predicts that artificial intelligence (AI) will shorten the workweek to three and a half days.
  • Despite job obsolescence concerns, Dimon asserts that AI will enhance the quality of life for future workers and will be applied across all aspects of workflow in industries.
  • Many leaders and economists support the idea of a reduced workweek, with AI advancements making it more plausible.
  • 🛰️ FCC has begun fining companies over satellite debrisLINK

  • The FCC has imposed a $150,000 fine on Dish Network for failing to dispose of its defunct EchoStar-7 satellite properly after its mission ended.
  • Despite an agreement to move the satellite into a graveyard orbit, Dish abandoned it 76 miles above its operating altitude due to unexpectedly low fuel levels.
  • This penalty is considered a breakthrough settlement as it is the FCC's first attempt to enforce measures against space junk and could serve as a warning to other companies.
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    Ousted CEO Dave Clark criticizes Flexport's lack of discipline and financial process, revealing extensive company issues and overly optimistic revenue forecasts.LINK

    The BlueWalker 3 satellite, launched by AST SpaceMobile, is among the brightest objects in the night sky and raises concerns for astronomers.LINK

    TikTok is possibly testing an ad-free subscription plan for $4.99 per month, aiming to heighten app engagement and revenue.LINK

    Elon Musk's X Corp faces a lawsuit from Florida-based ad agency X Social Media LLC for alleged trademark infringement and unfair trade practices.LINK

    A pedestrian was severely injured in a hit-and-run event in San Francisco, landing in front of a Cruise robotaxi that tried to minimize the impact.LINK

    Due to high rents, tech workers in San Francisco are choosing to live in 'sleeping pods' costing $700 per month.LINK

    Research reveals nearly 10% of interactions with AI chatbots involve explicit requests, highlighting potential misuse issues for large language models (LLMs).LINK

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