Tim Bradshaw / Financial Times: Ampere: in 2023, console video game players will spend $21B on in-game items and subscriptions, as “live service games” make the market more akin to mobile  —  Sony slashes its PlayStation 5 prices in attempt to grapple with changing player tastes Lees verder op Tech Meme

Ian King / Bloomberg: Intel terminates its $5.4B deal to acquire Israeli company Tower Semiconductor after failing to win regulatory approval; the deal was announced in February 2022  —  – $5.4 billion deal scrapped after China didn’t sign off  —  Intel Corp. said it’s walking away from its attempt … Lees verder op Tech Meme

Bloomberg: Sources: UK PM Rishi Sunak is planning an AI summit later this year with other G7 leaders and tech execs, with the historic Bletchley Park as a possible venue  —  – Premier mulls WWII code-breaking site to gather CEOs, leaders  — Wants global approach to establish ‘guardrails’ around AI Lees verder op Tech Meme

Olivia Poh / Bloomberg: SE Asian internet giant Sea dropped 29%, its largest single-day drop ever, wiping out nearly $10B of its market cap; Sea is valued at $23B vs. $180B in 2021  —  – Singapore e-commerce stock drops to lowest ever as sales slow  — Competition intensifies as Alibaba, TikTok gain shopping users Lees verder op Tech Meme

Andrew J. Hawkins / The Verge: As San Francisco opens to 24/7 robotaxis, a look at Cruise and Waymo cars causing traffic jams and obstructing emergency vehicles, unraveling the public’s trust  —  The day after California regulators handed driverless car companies a major victory, allowing them to expand … Lees verder op Tech Meme

Financial Times: Internal docs: India accounts for $10B of Foxconn’s annual revenue, which is 4.6% of its 2022 revenue, as Foxconn’s India push shows limits of “China plus one”  —  Apple supplier still relies on Chinese plants for 75% of global operations  —  When Foxconn chair Young Liu … Lees verder op Tech Meme