Morning Brew - ☕️ Wise crowd

Plus: Big Tech agrees on something: cost-cutting.
Morning Brew November 02, 2022

Emerging Tech Brew

GitHub

Hello there. It’s time for our first real edition of November. Yesterday you all received a special-edition email from us announcing our spiffy new interactive on what it means to be a smart city in 2022.

If you haven’t already, click here to check it out. Click around, read—look out for Pizza Rat—and let us know what you think!

In today’s edition:

These 5 charts show what US city residents think about city tech
Big Tech appears to agree on something: cutting costs
Reader poll: USB-C edition

Dan McCarthy, Hayden Field

SMART CITIES

The wisdom of crowds

The wisdom of crowds Illustration: Morning Brew, Photo: Barry Winiker/Getty Images

These days, a smart city professional is more likely to talk your ear off not about cutting-edge technology but instead something much more analog: the average city resident’s wants and needs.

That’s because some experts say there’s been a shift in posture recently, from flashy to functional. Gone are the days in which would-be smart cities dream only of electric sheep, the new conventional wisdom goes.

Such a shift to prioritize residents’ needs raises an important question:

  • What does the average American city resident think about smart city tech anyway?

To find out...We asked the Harris Poll to run a nationally representative survey of US city residents in late July. In the poll, we asked residents about their support for, awareness of, and engagement with a variety of smart city tech in their cities, from air-quality sensors to facial recognition.

  • The overwhelming majority of our 3,185 respondents (87%) thought it was important for their cities to invest in emerging technologies.

Even so...That doesn’t mean every resident of every age in every city supports every piece of emerging technology equally. In fact, there were pretty big differences in levels of enthusiasm, awareness, and engagement with smart city tech depending on who you ask or what you ask about.

Dive into the results here.DM

This story is part of our new package exploring smart cities—click here to view the full interactive series.

        

TOGETHER WITH GITHUB

Build anything

GitHub

In the digital age, every company is a software company. Yep, yours too. And every software company needs a modern software development platform that lets you build exactly what you want.

If you can imagine it, you can build it with Github—the place where anyone from anywhere can build anything. That’s why there’s already 90 million developers on GitHub, including 90% of Fortune 100 companies.

With automated workflows, out-of-the-box CI/CD, built-in AI, supercharged collaboration tools, and embedded security throughout the developer workflow, GitHub offers everything you need to build, scale, and ship secure software—and put yourself on the (digital) map.

Find the plan that works for you + start building here.

TECH

New Big Tech motto: ‘more with less’

looking at Big Tech through a microscope Francis Scialabba

Tech winter is coming, at least according to this quarter’s Big Tech earnings reports.

Zoom in: Tech giants from Alphabet to Amazon have largely reported plans that follow a similar pattern: Cut discretionary budgets, reduce headcount, slow hiring, minimize investments, and finally, increase productivity without increasing resources.

  • The decisions come amid a treacherous mix of geopolitical uncertainty, recession fears, rising energy and material costs, softening consumer demand, and a decline in ad spending.

“We want to make sure we’re using all resources as effectively and efficiently as possible,” Ruth Porat, CFO of Alphabet, said on the earnings call, adding, “We’re trying to be smart about redeploying where we can, finding efficiencies where we can while still investing for long-term growth.”

A sorta bright spot: Apple beat analyst estimates for revenue and earnings per share, but the company still plans to cut costs amid economic uncertainty—namely by slowing hiring, CEO Tim Cook told CNBC.

Read the full analysis on Big Tech’s cost-cutting push here.—HF

        

FROM YOU

Reader poll: USB-C edition

Proposed New EU Rule Has Apple All Charged Up Francis Scialabba

Every single year, e-waste from thrown out chargers amounts to 11,000 tons in the EU. For context, that’s equal in weight to, like, 11,000 walruses, or ~3.6 million bricks.

To curb this waste—and to make life easier for consumers—the EU approved a rule last week that requires portable electronic device makers to adopt USB-C as the standard charging port.

  • Small electronics have until late 2024 to comply, while larger electronics won’t make the switch until 2026.

Last week, we asked what all of you thought of the mandate. Here’s what you said:

  • The overwhelming majority (77%) of you said yes, this was the right call.
  • Just 14% said it was the wrong decision.
  • The remaining 10% shrugged and said, idk.

Zoom out: All eyes are on Apple due to its decision to use its proprietary Lightning ports for the iPhone rather than USB-C. The company has confirmed that USB-C phones are on the way on the EU’s timeline.

This week’s poll: Do you think it’s important for cities to invest their budgets in emerging technologies?

Yes
No
IDK

FROM THE CREW

The Crew

Welcome the newest addition to the Morning Brew family: Incrypto. Our latest newsletter is all about helping you understand the wide world of crypto with, y’know, context. Wondering about Web3? We got you. Dwelling on DAOs or DeFi? Done. NFTs? No problem! We’ll teach you what it all means and why it matters to you. Like all our newsletters, it’s completely free and takes only 5 minutes to read. Subscribe now.

BITS AND BYTES

Stocks going down Francis Scialabba

Stat: The 20 richest tech billionaires have collectively lost almost $500 billion in net worth this year, as of last Friday.

Quote: “Elements such as lithium, nickel, and cobalt do not just magically appear and transform into EV batteries and other components.”—Graham Evans, director of auto supply chain & technology at S&P Global Mobility, to Reuters

Read: Is the golden age of AI collaboration over?

WHAT ELSE IS BREWING

  • Emerson Electric sold a majority stake in its climate-tech arm to Blackstone, at a $14 billion valuation.
  • TuSimple’s CEO was fired “in connection with the company’s ties to a China-backed firm,” though the former autonomous-trucking exec said his termination was “without cause.”
  • Harley-Davidson’s electric-motorcycle business hasn’t impressed investors.
  • Silicon Valley had its lowest share of startup dealmaking ever in Q3.
  • Verge Genomics, a biotech firm, began human trials of an ALS drug that was discovered by an AI system.
  • A Massachusetts offshore-wind project may no longer be viable due to the familiar and terrible trio of inflation, rising interest rates, and supply-chain problems.

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Written by Dan McCarthy and Hayden Field

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