Huawei sees plateaued growth

The Chinese electronics giant Huawei predicted that its 2022 revenue would remain unchanged. This suggests that the company's revenue downturn brought on by US sanctions has stopped. Sales for the company have barely increased by 0.02%. Despite this, in the company's yearly New Year's message, rotating Chairman Eric Xu sounded optimistic.

"US restrictions are now our new normal, and we're back to business as usual," Xu wrote in the letter that was addressed to staff and released

Quantum computers are anticipated to perform some calculations millions of times quicker than the current fastest supercomputers to the media.

Xu estimates that the total revenue for the year will be 636.9 trillion yuan, or $91.53 trillion. Huawei's income has increased slightly from what it was in 2021 (636.8 billion yuan).

Huawei's profitability was not mentioned in Xu's letter. The company normally releases its complete yearly results in the first quarter of the following year.

In 2019, Huawei's revenue hit a record USD 122 billion. At the time the company was at its peak as the top Android smartphone vendor globally. The US Trump administration imposed a trade ban on Huawei, citing national security concerns, which barred the company from using Alphabet Inc's Android for its new smartphones, among other critical USorigin technologies.

Meta to layoff workers

According to reports, the parent company of Facebook, Meta, plans to start mass layoffs that will affect thousands of workers. The US media reports suggested that job layoffs would be majorly from the marketing sector.

CEO Mark Zuckerberg hinted that headcount would decrease during Meta's dismal third-quarter results.

"In 2023, we're going to focus our investments on a small number of highpriority growth areas," he said.

Over the course of its various platforms, which include Facebook, Instagram, and WhatsApp, Meta has roughly 87,000 employees worldwide. Plans for employment reduction came after challenges faced by the tech industry as a result of the slowing of global economic development. According to Zuckerberg, some teams will "stay flat or shrink" during the upcoming year.

"In aggregate, we expect to end 2023 as either roughly the same size, or even slightly smaller organisations than we are today," he added.

Platforms that rely on advertising, like Facebook and Alphabet's Google, are experiencing a decrease in advertising spending as a result of inflation and rising interest rates. The day when Stripe announced layoffs, Amazon imposed a hiring freeze for its corporate headquarters.

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New AI chatbot in town

A new chatbot ChatGPT has reached one million users in less than a week, after its launch. ChatGPT was made available to the general public by OpenAI, a company that does artificial intelligence research. The company issued a warning that it may generate undesirable results and behave inimically. As part of its ongoing efforts to make this system better, Open AI claims it is "eager to gather user feedback."

The company refers to a group of AIs as GPTs, which stands for Generative Pre-Trained Transformer, the most recent of which is ChatGPT. A preliminary version of the system was improved by discussions with human trainers during its development.

Many people who have used the chatbot are impressed with the results. The amount of interest in the artificial conversationalist was revealed by OpenAI CEO Sam Altman in a tweet. The chat interface enables the AI to respond to "follow-up questions, admit mistakes, refute false premises, and reject inappropriate requests."

A journalist for technology news site Mashable who tried out ChatGPT reported it is hard to provoke the model into saying offensive things. The journalist Mike Pearl wrote that its taboo avoidance system is pretty comprehensive.

At TechCrunch Disrupt, Netflix's vice president of gaming, Mike Verdu, revealed two bits of information concerning the streaming giant's entry into games. Verdu said that Netflix is seriously exploring a cloud gaming offering and the company will also open a new gaming studio in