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Here's the latest tech news from the last 24 hours:
💶 EU Allocates €8B in Chips and Microelectronics
🔌 GM Follows Ford’s Lead and Adopts Tesla Chargers
🚫 Apollo App to Shut Down Following Reddit's New API Fees
🧠 Meta CEO Mark Zuckerberg Plans to Implement Generative AI in All Products
🏢 Google Implements Office Attendance in Performance Reviews, Asks Remote Workers to Return

💶 EU Allocates €8B in Chips and MicroelectronicsLINK

The European Union (EU) has greenlighted an €8.1 billion state aid package to invigorate chip development and bolster the bloc's microelectronics and communication sector.

The funding, part of the "Important Projects of Common European Interest" (IPCEI) initiative, will fund 68 projects across 14 EU member states, involving 56 companies from big names like Airbus to startups and SMEs.

With first products anticipated to hit the market by 2025, the initiative aims to stimulate €13.7 billion in private investment by 2032, while the EU finalizes its Chips Act to increase domestic semiconductor production and achieve 20% of the global market share by 2030.

🔌 GM Follows Ford’s Lead and Adopts Tesla ChargersLINK

General Motors (GM) has announced its intention to join Tesla's North American Charging Standard (NACS), planning to integrate these ports into its electric vehicles (EVs) from 2025 onwards.

Beginning in 2024, GM EVs will have access to Tesla's Supercharger network of over 12,000 chargers, although they will initially require an adapter to connect the NACS cable to their CCS1 charging ports.

GM will also include all Tesla Superchargers in its Ultium Charge 360 network, a unified platform that incorporates chargers from various networks into a single application for GM drivers.

🚫 Apollo App to Shut Down Following Reddit's New API FeesLINK

Reddit's most popular third-party app, Apollo, will shut down on June 30 due to the $20 million API bill charged by Reddit.

Apollo's developer, Christian Selig, criticizes Reddit's API pricing as being too high and unfeasible, citing that Reddit wants $12,000 for 50 million API requests, while comparable platforms like Imgur charge significantly less.

The shutdown comes amid a protest movement across Reddit, where nearly 1,500 subreddits plan to "go dark" on June 12 in response to the high API prices.

🧠 Meta CEO Mark Zuckerberg Plans to Implement Generative AI in All ProductsLINK

Meta's CEO Mark Zuckerberg has stated that the company is planning to incorporate generative AI into all of its products, including WhatsApp, Messenger, and Instagram.

Some of the planned features include AI "agents" for WhatsApp and Messenger, as well as a generative AI photo editing feature for Instagram that allows users to edit photos via text prompts.

While no specific timeline for these features has been announced, Zuckerberg hopes to implement them soon and is encouraging employees to come up with their own generative AI feature ideas in an upcoming internal hackathon.

🏢 Google Implements Office Attendance in Performance Reviews, Asks Remote Workers to ReturnLINK

Google employees are reportedly resisting the company's policy requiring in-office work for at least three days a week, with concerns about the sudden emphasis on attendance tracking over professionalism.

Google's Chief People Officer, Fiona Cicconi, defended the policy, stating that physical co-location has a positive impact on collaboration and productivity, and attendance will now be a factor in performance evaluations.

Chris Schmidt, a software engineer at Google, argues that a uniform return-to-office policy fails to consider the unique life circumstances of employees and emphasizes the need for transparent, equitable, and clearly defined working conditions.

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