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Tech Across the Globe

Apple’s future chips: The iPhone maker, which designs its own processors, is working on new chips that will serve as the brains for future devices, including smart glasses, more powerful Macs and AI servers.

Meta’s TikTok fears: Instagram has changed “dramatically,” adding features and targeting users younger than 30, as part of a tense competition with ByteDance’s popular video app TikTok, Instagram chief Adam Mosseri testified in the Federal Trade Commission’s antitrust trial against Meta.

LG’s new factory: The electronics maker will build its third plant in India, investing $600 million over four years, in a signal that it’s moving forward with growth plans despite putting off a $1 billion-plus public listing of its India unit.

Revalued

Companies from Apple Inc. to Ford Motor Co. have revealed the shock their bottom lines are experiencing from President Donald Trump’s tariffs — even before the worst of them has hit. Tens of billions of dollars in added costs or lost revenue are expected, according to announcements or executive comments over the past few weeks.

Muscular M&A

Europe’s gig economy is increasingly consolidating after the excesses of the pandemic-driven expansion spurt. The interesting thing about it is that the companies consolidating the sector are mostly American, from Lyft and Uber to DoorDash’s recent $5 billion spending spree. Natalie Lung dives into the matter in today’s Tech In Depth essay.

This Week in Soundbite

Two years ago the podcast business was struggling. Advertisers had pulled back, tech platforms had stopped commissioning shows and independent studios were making creative financial moves to survive, writes Ashley Carman in this week’s Soundbite. Today, the industry is expanding again, fueled by its influence during the 2024 US presidential campaign and the decline of traditional television, she reports.

Sign up for the Soundbite newsletter to get exclusive reporting on podcasting, the music industry and audio trends from Ashley Carman.

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