Tech Report: Amazon’s Prime Air grounded
Regulations the drone powered delivery service will have to follow
Amazon’s drone business is off to a slow start as regulations and keep the business from taking off. To get approval from the FAA, Prime Air must complete hundreds of hours flying without any incidents. The company must then submit the data to the agency. Amazon was hoping to get Prime Air off the ground and making deliveries last year.
Meta will reportedly target its Reality Labs division as it looks to cut costs. Reality Labs is tasked with designing and building VR headsets and Metaverse technology.
The collapse of Silicon Valley Bank isn’t just hitting large companies. Some small businesses are being affected as well. Etsy creators will see their payments be delayed. Meanwhile, some businesses say they may not be able to make payroll.
Audiobooks may be the next frontier conquered by artificial intelligence. Tech companies, including Apple and Google, have been working on AI audiobook narration for a while now. Audiobooks are booming. The market is expected to hit $33.5 billion by 2030. According to Acumen Research and Consulting, that’s up from about $4.2 billion in 2021.