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Intel has a new boss and they seem to want to double down on the Foundry strategy. Meta is testing community notes. Sonos is abandoning its big streaming video hardware project. Is Adobe falling behind in AI? Is Oracle the leader to take over TikTok US? And why is John Gruber so mad at Apple?
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Intel has appointed Lip-Bu Tan as CEO, with a clear intention to persist with the Foundry strategy aimed at producing chips for external clients. This comes as Intel's stock rose by over 10% following the announcement. Analysts express cautious optimism, underscoring the need for patience as Tan navigates a critical transformation of the embattled company, making emphasis on product design improvements and user-friendly manufacturing tools.
Meta is rolling out a new community notes feature on platforms like Facebook and Instagram, aimed at enhancing user interaction with content. This program replaces their former fact-checking approach, which was criticized for bias. The community-based system encourages contributions from users to clarify potentially misleading content, and Meta aims for it to function seamlessly alongside its vast user base.
Sonos has opted to terminate its major streaming video hardware project, codenamed Pinewood, during a pivotal restructuring phase under interim CEO Tom Conrad. Concerns about competing in a market dominated by established players like Roku and Amazon influenced this decision, prompting a focus instead on rectifying their software issues.
Adobe faced significant stock declines due to concerns regarding its ability to keep pace in the AI sphere despite reporting better-than-expected earnings. Analysts are closely scrutinizing Adobe's future in generative AI, seeking a clearer roadmap at their upcoming annual conference.
Oracle emerges as a frontrunner to potentially manage TikTok's U.S. operations, contingent on U.S. regulatory approval. This situation evolves with an ongoing debate over control and the economic interests of the U.S. government within TikTok's framework.
Renowned tech commentator John Gruber expresses his frustration over Apple’s handling of new Siri features, criticizing the company for promising unreleased capabilities. He warns that any deviation from Apple's longstanding reputation for reliability could jeopardize its cultural integrity.
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