The tech sector suffered significant losses in 2024: failed devices, strategy mistakes, and innovation disappointments were important lessons
The tech sector suffered a number of serious losses in 2024. Failed device launches, problems with the strategies of large companies, and innovation disappointments were vivid lessons for the industry. Below we look at the key failures of the year.
This is reported by Engadget.
Generative AI, which is actively being implemented in various fields, has caused mixed reactions. AI-based products, such as image creation or text summarization, have often not met expectations. For example, Apple's Image Playground function created low-quality drawings, and Google Help me read proved to be ineffective for complex texts.
AI gadgets, such as the Humane AI Pin and Rabbit R1, have been disappointing. The Humane AI Pin had to be recalled due to fire-hazardous chargers, and the Rabbit R1 was criticized for its poor security and poor chat implementation.
Intel was on the verge of losing its position. The dismissal of CEO Pat Gelsinger was the result of a failure to implement a long-term recovery plan. The loss of competitiveness against TSMC and other companies is becoming increasingly obvious.
Apple's transition to USB-C instead of Lightning in 2024 caused mixed emotions. While a universal standard would make life easier for users, Lightning supporters felt the loss of a familiar innovative solution.
The Moxie robot companion, designed to help children, has been discontinued due to its high price and the company's financial difficulties. Its $1,499 price tag and $60 monthly subscription made the product unaffordable for many families.
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