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Apple is investing more in Satellite technology, and also acquires Pixelmator. What does this all mean for them? Is the high end Vision Pro getting abandoned? What does it mean that Google Cloud is now growing faster than AWS? And how Coreweave and other “neocloud” startups are financing their crazy growth in a totally new way. Here’s what you missed today in the world of Tech.
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Apple has committed $1.1 billion to GlobalStar to enhance satellite service capabilities, alongside acquiring a 20% equity stake for an additional $400 million. This investment signals Apple's serious intentions regarding satellite connectivity for iPhone users, with features like emergency SOS already available since the iPhone 14. However, Apple has extended the currently free service period until 2025, leaving questions about future charges for satellite features, hinting at a broader strategy involving potential fee structures or bundled services.
The podcast also discusses Apple's acquisition of Pixelmator, a photo editing app, as they aim to reach a wider audience. The deal, pending regulatory approval, underscores Apple's approach to enhancing its software offerings while retaining existing app functionalities. There are speculations about Pixelmator evolving into a subscription service similar to Apple's other professional software, amplifying the emphasis on driving services revenue.
In relation to Apple's Vision Pro, a report indicates that the production of a cheaper model has been delayed, positioning the M5 upgraded Vision Pro as the only new device for 2025. Observations suggest Apple might be reconsidering its strategy and use cases for the headset, especially given competition from other tech giants. Concerns arise that without compelling use cases, the high price point may hinder user adoption.
Transitioning to cloud services, the rapid growth of Google Cloud, which expanded by 35%, eclipses AWS's growth as tech companies explore diversification beyond digital advertising. Analysts note that Google Cloud's profitability marks a shift from its past as a financial drain, signaling a new chapter in cloud computing as they introduce innovative offerings.
Lastly, CoreWeave and similarly termed 'NeoCloud' companies are radically reimagining cloud growth financing through significant loans backed against Nvidia GPU acquisitions. The emergence of a new lucrative debt market is noted, raising concerns over risky lending practices as these companies leverage Nvidia's chips amidst fluctuating AI demands.
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