July 18, 2024

Innovation & Tech Today

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This Week’s Top 5 Tech Stories We’re Following- June Week 4

Lots has happened this past week in the tech world! With major carmakers signing energy technology cooperation agreements, OpenAI making a deal with Time Magazine, Amazon launching a new discount store, and more, there’s much to catch up on. So, let’s get started! 

Major Carmakers Sign Energy Tech Cooperation Agreements

China’s SAIC Motor and German carmaker Volkswagen have signed multiple energy technology cooperation agreements for their SAIC Volkswagen joint venture in China. According to a statement from SAIC Volkswagen, the companies anticipate launching several jointly developed plug-in hybrid and pure electric models starting in 2026.

OpenAI Makes Deal With Time Magazine 

Time magazine has entered into a multi-year content agreement with OpenAI, granting the maker of ChatGPT access to its archive of news content, the companies announced on June 27. In response to user queries, the chatbot will cite and link back to the original source on Time.com, according to a joint statement. The financial details of the deal were not disclosed.

Amazon to Launch New Discount Store

Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items, allowing Chinese sellers to ship directly to U.S. consumers.

Announced at an invite-only conference for Chinese sellers on June 26, this new storefront represents Amazon’s most aggressive move yet to counter growing competition from e-commerce upstarts Temu and Shein, both of which have connections to China, the world’s second-largest economy.

Google Tests New Facial Recognition Tech 

Google is testing facial recognition technology for office security to help prevent unauthorized individuals from gaining access to campuses.

The initial test is being conducted at one of Alphabet’s sites in Kirkland, Washington, a suburb of Seattle, the document states. Interior security cameras are collecting facial data and comparing it to images stored in employee badges, including those of the extended workforce, to identify unauthorized individuals on the premises.

Apple Expands Self-Service Repair Program 

Apple announced that its self-service repair program is now available in Europe. The program, called Apple Diagnostics for Self-Service Repair, allows consumers to test their products for optimal functionality and identify parts that may need repair without assistance from Apple or an independent repair provider.

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By I&T Today

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