Huawei Roars Back:

Tech Giant No Longer Just a Comeback Story

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The Managers Bulletin
June 25, 2024

Hello! 👋👋

Here are 5 things you missed today. Because we get it, life is busy & who has the time to sit around and read the news - here are 5 things we think you need to know in the world today.

1 -🦁 Huawei Roars Back: Tech Giant No Longer Just a Comeback Story

Huawei is experiencing a remarkable comeback. Despite US restrictions, the company's in-house HarmonyOS operating system now runs on over 900 million devices. Huawei is also making strides in electric vehicles and AI, with its smartphone sales surging 72% in the first half of 2024. This success has come at the expense of Apple, whose market share in China has fallen significantly.

2 -😱 AI Threat? Study Shows ChatGPT Displacing Online Freelance Workers in Repetitive Tasks

A new study suggests AI is already replacing jobs, with online freelance writing and coding gigs dropping 21% after ChatGPT's launch. Experts say AI will impact 80% of the workforce, automating routine tasks. While jobs requiring creativity and critical thinking may grow, low-skilled positions could decline, potentially widening income inequality.

3 -🛻 Numerous Tesla Cybertrucks Vandalized by Critic of Elon Musk

Dozens of Tesla Cybertrucks in Florida were vandalized with "Fuck Elon" graffiti, highlighting potential discontent with Elon Musk and Tesla. The stainless steel bodies minimized damage, but the incident reflects ongoing issues with the Cybertruck, including production delays and design quirks. This might be a sign of growing criticism, or just a prank, but it adds to the Cybertruck's troubled rollout.

4 -📉 Chipmaker Nvidia Loses Billions After Briefly Topping Market Value

Chipmaker Nvidia, after briefly holding the title of world's most valuable company, has fallen for three straight days. The stock is down 13% from its peak, dragging down other AI-linked tech companies with it. While some analysts believe the correction is a buying opportunity due to Nvidia's strong future outlook, others suggest investors are taking profits after a hot period.

5 -📽️ Disney's "Inside Out 2" Eyes Historic Billion-Dollar Box Office

Pixar's "Inside Out 2" is on track to be the first billion-dollar film since "Barbie" thanks to its strong domestic performance and international appeal. The movie has surpassed "Dune: Part Two" as the year's highest-grossing film and is performing well with both families and teens, demographics that have been underserved during the pandemic. With Japan yet to open, "Inside Out 2" has a strong shot at joining the billion-dollar club and revitalizing the summer box office.

Written by The Managers Bulletin team - Australia
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