Tariffs, Tensor Chips, and What it Means for You
Hi there! 👋The global tech scene can’t seem to catch a break. This week we’ve seen the implementation of more tariffs, which are sure to affect trade. Meanwhile, Google seems to be putting all of its eggs in the AI and quantum computing basket.
It’s important that you stay adaptable and make sure you are ready to pivot at a moment’s notice to take advantage of any emerging opportunities or to minimize your costs in the changing market. Outsourcing might help you do this.
If you want to learn more about cost-effective software development, make sure that you check out this article.
Let’s get into the latest developments.
Let’s start with the elephant in the room… tariffs. The U.S. increased its levy on Chinese goods to 104%. And then the Chinese responded with their own set of tariffs. A grand 84%.
The result has been incredible and almost immediate, with stock markets sliding! But why should you care? Surely tech and development won’t be affected as long as you aren’t shipping parts, right?
Well, the chances are your tech stack will lean on some company that has been affected; hardware suppliers, cloud vendors, contract manufacturers, or anything else.
So, if you can’t do all your development in-house, it might be time to rethink your other international partnerships. Working with outsourced teams in regions less affected, like much of South America, will let you shift gears and keep costs low.
Google’s Cloud Next is always an exciting time. We can’t say we’re surprised that an investment in cloud and AI was announced this time, but $75 billion seems like quite the splurge!
The cherry on top? Google’s Ironwood Tensor Processing Unit (TPU).
If this doesn’t scream “AI is the future,” then what does? It is probably a good idea to start evaluating how you can jump on the bandwagon and get the right people on your team.
AI and machine learning developers can be pricey, and if you have no technical background, how do you even know what to look for?
Staff augmentation and outsourcing through an experienced firm like Trio means you don’t need to worry about that. Not only do you guarantee a suitably skilled expert, but you also get someone who can evaluate your individual situation, without needing to commit to a full-time employee!
📰More News From This Week
Here are some other things that you might want to take note of this week:
📱The TikTok deadline has been extended to June 19, but it’s still in hot water! If you have integrated TikTok into your apps or make use of it for marketing purposes, make sure that you are prepared for the worst-case scenario.
⚛️ NATO has released a science and technology report! It has identified some of the top trends that may be big in the next 20 years! AI, biotech, resource divides, fragmenting public trust, and tech integration all made the cut. Keep an eye out for opportunities.
Final Thoughts
Tech has always been a rapidly changing industry, but it seems like this is a particularly eventful time. You should be focusing on finding the most cost-effective ways to take advantage of these changes and make sure you stay afloat!
Outsourcing lets you react quickly! With exports on board, you set yourself up for success without needing to spend months focused on finding and hiring the right people.
If you’ve found this edition of the Trio Insight helpful, share it with someone who might benefit, too! Anything you want to share or add? Hit reply - we love to hear from you!
Until next time - stay flexible!