Few would argue that 2022 has ended in rather chaotic fashion for the tech world.
As Meta lays off over 11,000 staff To deal with financial difficulties, Twitter began undergoing intensive surgery at a very alarming rate After acquisition by Elon Musk.
Elsewhere, one of the world’s largest cryptocurrency exchanges suddenly fella record-breaking takeover attempt questionedWhen TikTok is fighting for a ban in the US.
And as another sign that politicians are swinging their weight, apple reluctantly accepted the design of its flagship product Now subject to the whims of EU directives.
But there’s no doubt that the next 12 months will bring more drama.
State of social media
Many eyes will be on Twitter to see how the platform develops under the already dramatic reign of its new owner.
“The view is up, but like people flock to see a building on fire,” journalist and science fiction author Corey Doctorow said at Sky News’ Big Ideas Live Event.
New features are likely to come and go, More Controversial Accounts Could ReturnWhen Musk’s ‘chainsaw’ strategy The number of employees may be further reduced.
Musk has also been warned he could face EU sanctions, which could leave him banging heads with politicians. ban a prominent journalist whose reports he denied.
Various alternatives began to emerge Towards the end of 2022 as some users asked for new pastures Mastodon, an early frontrunner ――It is one of the attention this year.
Of course, Twitter’s traditional rival is still there, but it looks pretty damaged.
Facebook and Instagram users may grow frustrated as parent company Meta keeps batting eyelashes heading to the metaverse insteadThe once-omnipotent company continues to reinvent itself after a disastrous year for its share price.
And TikTok, which has grown to over a billion users worldwide, is perhaps the biggest threat to Mark Zuckerberg’s dominance of the platform.
“A lot of this is a battle for attention,” says Chris Kelly, Facebook’s former head of global public policy.
“There is strong and wide-open competition for user attention […] It’s very exciting. ”
But while TikTok threatens Meta, TikTok itself is threatened by a complete U.S. ban on what some politicians see as a national security risk from China. increase.
Will the US really ban one of the world’s most popular apps?Maybe next year will tell us the answer.?
Race to the Metaverse
Zuckerberg’s the aforementioned metaverse It’s a big bet for a company that has lost over $5 trillion in value since then. Rebranding from Facebook to Meta.
“If he does well, he will save the company,” internet entrepreneur Amber Gadar told Sky News.
“If he gets it wrong, I think Facebook will be in big trouble.”
No pressure then, Mark.
Why 2023 Is A Decisive Year For Meta
Internet Entrepreneur Amber Ghaddar is an entrepreneur focused on the possibilities of the Web3. Web3 is the term used to describe what the next incarnation of the Internet will look like.
She believes the ability of companies like Meta to adapt depends on overcoming its three biggest challenges: the economic climate, increased protections for user privacy, and competition focused on younger generations. increase.
“In 2008, there was a lot of money in the market because this huge financial crisis had led banks to quantitative easing, bringing interest rates to zero,” she said.
“It was meant to drip to create activity and consumer inflation. That never happened.
“We created this inflation in asset prices because money was so cheap and easy to invest – and much of it went to technology companies.
“Investors were less interested in the basics of finance, they were more interested in growth, which meant more users and more revenue.
“Right now, interest rates are rising, central banks are tightening, access to funds is becoming more difficult, and investors are saying to themselves, ‘Wait a minute. I’m telling you
“Big tech got used to crazy valuations. They need to rebuild and focus on revenue.”
And that’s why the timing of Zuckerberg’s Metaverse gambling is so amazing.
When it comes to the Metaverse, not everything hinges on the meta and its focus on virtual reality.
What Meta is building should really be considered a platform within the Metaverse. billions of dollars investedand there is another player in the space.
There are gaming giants like Fortnite, virtual spaces like Decentraland, and major brands looking to sell digital clothing, souvenirs, and other merchandise.
Competition for the metaverse is welcomed by: “The Race for the Future of the Internet” – And it’s not going anywhere.
crypto under fire
After America’s Shocking Collapse, a Regulatory Push Is Inevitable FTX and arrested its founderwas charged with “one of the greatest financial frauds in American history.”
of The Downfall of Sam Bankman-Freed will definitely inspire Elizabeth Holmes style media blitzthe industry he made a name for is facing more scrutiny than ever before.
Bipartisan legislation is on the horizon in the United States, which will impose the same regulations on cryptocurrency companies as corporations and banks, but the Treasury Department is reportedly set to tighten its own rules as well.
The recently appointed chairman of the UK’s financial watchdog does not appear to be a fan of cryptocurrencies, with a Financial Times report describing him as “deliberately avoiding” cryptocurrency companies, as the sector continues to invest money. It is reported that it suggests that it encouraged laundering.
Brian Armstrong, CEO of cryptocurrency exchange Coinbase, told Sky’s Ian King that global financial hubs must improve “crypto-specific regulation”.
Rapid rise of AI
By the end of 2022, the internet has a new favorite toy: ChatGPT.
San Francisco company OpenAI’s new chatbot was released with a bang, wowing users with its ability to do everything from recommending fixes for computer coding bugs to making dinner recipes.
also helped me write sky news article.
But push it far enough and its limits become more apparent, often offering overly verbose and surface-level answers, like someone bragging their way in a job interview. .
But taking the world by storm overnight is a reminder of how quickly powerful new AI is emerging.
Stewart Miller, head of the UK’s largest and most advanced robotics center, told Sky News earlier this year:
“They help us with everything at home, going shopping, going to hotels, hospitality, going to the theater, and so on.”
Whether ChatGPT is another giant step towards true human intelligence or something entirely new emerging from elsewhere, AI is developing rapidly and we need to keep up.
Shaking the game industry
Microsoft spent much of 2022 trying to convince government regulators to believe it could be trusted to complete what would become the biggest acquisition in technology history.
The company behind Xbox wants to bring the company responsible for Call of Duty under its wing, a move facing very stubborn opposition from rival Sony, and this move could someday be revealed. said it could be. The blockbuster shooting franchise has been removed from PlayStation consoles.
Regulators are taking notice with the EU and the EU. UK competition watchdog Both conducted surveys – and US goes further by moving to formally block deal.
Microsoft and Activision are confident of closing the deal, but the FTC plans to hold a hearing before an administrative law judge in August.
Whatever the outcome, this will be a game-changer for an industry that is expected to have at least one major product launch in 2023. PlayStation’s new VR headset is here Persistent rumors of a long-awaited console update from Nintendo.