US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
Nvidia Develops New Location-Verification Technology for AI Chips 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Google fans looking forward to seeing a new Pixelbook entry may have to start looking at other brands. The company reportedly cancelled the development of a new Pixelbook that was supposed to enter the market next year.
The Verge reports that the cancelled Pixelbook was “far along in development” and could have launched in 2023 before Google decided to cancel it. Google may no longer pursue the project as members of the development team were already redeployed to other parts of the company.
The reported cancellation of a new Pixelbook contradicts the company's comments on the product line's future. The same publication noted that Google SVP of Devices & Services said before the I/O conference last May that the company intends “to do Pixelbooks in the future.”
Osterloh also suggested that the product category where Pixelbook is included has evolved, so there is a good chance for it to be around for a long time. But the fate of the Pixelbook line was affected by Google’s reported company-wide cost-cutting and consolidation efforts.
Google’s latest in-house Chromebook, named Pixelbook Go, was released in 2019. One of the main differences between the 2017 Pixelbook and Pixelbook Go was the design. The former was popular for its 2-in-1 form factor, but the latter featured a conventional clamshell hinge. Pixelbook has a sturdier aluminum unibody, while Pixelbook Go’s housing is made of magnesium alloy.
The next Pixelbook’s cancellation came after CEO Sundar Pichai reportedly told employees in late July that Google would slow down its hiring pace for the rest of 2022. Citing global economic headwinds, Pichai said the company will have to be “more entrepreneurial” and will operate with more urgency and focus.
“In some cases, that means consolidating where investments overlap and streamlining processes,” Pichai said in a memo. “In other cases, that means pausing development and re-deploying resources to higher priority areas.”
In a following all-hands meeting that month, Google employees asked their bosses if the consolidation and redeployment efforts could also lead to layoffs. But HR chief Fiona Cicconi said, while citing economic uncertainty, Google was not planning to cut down its workforce at the time.
Photo by Ihor Dvoretskyi on Unsplash
